Welcome to our dedicated page for Mid-America Apartment Communities news (Ticker: MAA), a resource for investors and traders seeking the latest updates and insights on Mid-America Apartment Communities stock.
Mid-America Apartment Communities, Inc. (MAA) is a prominent real estate investment trust (REIT) specializing in the acquisition, development, and management of multifamily apartment communities across the Sunbelt region of the United States. With over 25 years in the multifamily real estate industry, MAA has grown to manage a remarkable portfolio that includes more than 47,000 apartment homes. The company operates in two main segments: Same Store, which encompasses stabilized communities owned for at least 12 months, and Non-Same Store and Other, which includes newly acquired, under development, or significantly impacted properties.
MAA prides itself on its mission to create 'a brighter view' for its residents, employees, and shareholders, a commitment reflected in its daily operations and corporate philosophy. The company is listed on the New York Stock Exchange under the symbol MAA and is a member of the S&P 500. MAA's recent financial performance highlights its robust operational efficiency, with strong leasing activity and low resident move-out rates contributing to stable revenue streams.
In terms of development, MAA has been active, funding substantial projects and expecting to initiate several new developments over the next two years. For example, during the second quarter of 2023, MAA funded $51.3 million for ongoing and planned projects, including predevelopment activities. Additionally, the company completed the lease-up of MAA LoSo in Charlotte, NC, and continues to see a strong performance in its Same Store portfolio, with lease pricing for new and renewing leases showing a positive trend.
MAA also emphasizes sustainability and technology, having installed Smart Home technology in over 93,000 units as of Q4 2023. This initiative includes smart locks, mobile control of lights and thermostats, and leak monitoring, enhancing resident convenience and operational efficiency. Furthermore, MAA's redevelopment programs focus on upgrading amenities and common areas, promising higher rent growth and market competitiveness.
Financially, MAA maintains a solid balance sheet, with significant liquidity and a consistent dividend history, marked by its 120th consecutive quarterly dividend declared in Q4 2023. The company's strategic investments and development projects are supported by a strong capital foundation, ensuring continued growth and shareholder value. MAA's leadership has been proactive in adapting to market conditions, positioning the company to capitalize on emerging opportunities in the multifamily housing sector.
Overall, MAA stands out as a leading multifamily housing provider, dedicated to delivering superior investment performance and enhancing the living experiences of its residents across the Southeast, Southwest, and Mid-Atlantic regions of the United States.
Mid-America Apartment Communities, Inc. (MAA) announced a $600 million offering of senior unsecured notes, including $300 million due in 2026 at 1.100% and $300 million due in 2051 at 2.875%. The 2026 notes priced at 99.553% and the 2051 notes at 98.588%. Expected closing is on August 19, 2021. Proceeds will repay upcoming debt maturities, including a partial redemption of $250 million of 3.375% notes maturing in December 2022, alongside other corporate purposes. The offering is managed by J.P. Morgan, Wells Fargo, Citigroup, PNC, and U.S. Bancorp.
Mid-America Apartment Communities, Inc. (MAA) announced the pricing of a public offering of 1,100,000 shares of common stock, projected to generate approximately $212 million in gross proceeds. The offering is part of forward sale agreements with J.P. Morgan and Wells Fargo. MAA will not initially receive proceeds from this sale but plans to allocate any future net proceeds to its operating partnership for development, working capital, and corporate purposes. The offering is set to close on August 5, 2021.
Mid-America Apartment Communities, Inc. (MAA) announced a public offering of 1,100,000 shares of common stock. This offering is linked to forward sale agreements with J.P. Morgan and Wells Fargo. MAA will not initially receive proceeds from this offering, which is expected to settle by February 2, 2023. Any future proceeds will support development, redevelopment, and general corporate purposes, including debt repayment. A registration statement is in effect and offering details are available via the SEC.
Mid-America Apartment Communities (MAA) reported strong second quarter results for 2021, with diluted earnings per share of $1.88, compared to $0.65 in 2020. Funds from operations (FFO) per share increased to $1.84 from $1.71. The company's Same Store Portfolio saw property revenues rise by 4.7%, driven by a 3.1% increase in Average Effective Rent per Unit. MAA's occupancy rate improved to 96.4%. The company declared its 110th consecutive quarterly dividend at an annual rate of $4.10. MAA expects continued growth, raising its earnings outlook for the year.
MAA (NYSE: MAA) announced the release date for its second quarter 2021 results, set for July 28, 2021, after market close. A corresponding conference call will take place on July 29, 2021, at 9:00 a.m. Central Time, where company officers will discuss the performance and engage in a Q&A session. Investors can access a replay from July 29 to August 12, 2021. MAA is a self-administered REIT focused on apartment communities in various U.S. regions.
On June 1, 2021, Mid-America Apartment Communities, MAA (NYSE: MAA), declared a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend will be paid on June 30, 2021, to shareholders of record as of June 15, 2021. MAA, a self-administered real estate investment trust (REIT), focuses on apartment communities across the Southeast, Southwest, and Mid-Atlantic regions of the U.S.
MAA (NYSE: MAA) has declared a quarterly dividend of $1.025 per share, set for payment on July 30, 2021. Shareholders of record as of July 15, 2021 will receive the dividend. This announcement comes prior to MAA's upcoming earnings announcement on July 28, 2021. MAA is a self-administered real estate investment trust focused on apartment communities across the Southeast, Southwest, and Mid-Atlantic U.S., aiming for strong full-cycle investment performance.
Mid-America Apartment Communities (MAA) reported Q1 2021 earnings with diluted EPS rising to $0.40 from $0.31 in Q1 2020. Funds from Operations (FFO) per share increased to $1.50, while Core FFO per share rose slightly to $1.64. Property revenue from Same Store Portfolio grew by 1.4%, driven by a 1.3% hike in Average Effective Rent. However, operating expenses jumped by 5.4%, leading to a 0.9% decline in Net Operating Income (NOI). MAA is expanding its development pipeline with seven projects in progress valued at $528 million, indicating confidence in market recovery.
MAA (NYSE: MAA) will release its first quarter 2021 results on April 28, 2021, after market close. A conference call to discuss the performance is scheduled for April 29, 2021, at 9:00 a.m. Central Time. Interested parties can join via the call-in number (877) 830-2598 or through a live webcast on MAA's website. A replay will be available from April 29 to May 13, 2021. MAA focuses on real estate investment and aims for strong investment performance.
MAA (NYSE: MAA) announced a quarterly dividend payment of $1.025 per share, scheduled for April 30, 2021. Shareholders of record by April 15, 2021 will receive this payment. This declaration precedes MAA's earnings announcement on April 28, 2021. MAA operates as a self-administered real estate investment trust (REIT), focusing on apartment communities across the Southeast, Southwest, and Mid-Atlantic regions, aiming for sustainable investment performance.
FAQ
What is the current stock price of Mid-America Apartment Communities (MAA)?
What is the market cap of Mid-America Apartment Communities (MAA)?
What is Mid-America Apartment Communities, Inc. (MAA)?
Where is MAA traded?
What are the main segments MAA operates in?
How many apartment homes does MAA manage?
What recent projects has MAA undertaken?
What sustainability initiatives does MAA have in place?
What are MAA's financial highlights?
What is MAA's mission?
How does MAA ensure growth and shareholder value?
Where can I find more information about MAA?
