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MAA(MAA) - 2024 Q3 - Quarterly Report
2024-10-31 20:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-12762 (Mid-America Apartment Communities, Inc.) Commission File Number: 333-190028-01 (Mid-America Apartments, L.P.) MID ...
Mid-America Apartment's Q3 FFO & Revenues Beat Estimates
ZACKS· 2024-10-31 17:00
Mid-America Apartment Communities (MAA) , which is commonly known as MAA, reported third-quarter 2024 core funds from operations (FFO) per share of $2.21, which surpassed the Zacks Consensus Estimate of $2.18. However, the reported figure fell 3.5% year over year from $2.29.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect healthy demand despite elevated new supply and strong average physical occupancy for the same-store portfolio. The company witnessed low levels of r ...
MAA(MAA) - 2024 Q3 - Earnings Call Transcript
2024-10-31 16:50
Mid-America Apartment Communities, Inc. (NYSE:MAA) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Andrew Schaeffer - SVP, Treasurer & Director, Capital Markets Eric Bolton - Chairman & CEO Brad Hill - President & CIO Tim Argo - EVP, Chief Strategy & Analysis Officer Clay Holder - EVP & CFO Robert DelPriore - EVP, CAO & General Counsel Conference Call Participants Jamie Feldman - Wells Fargo Josh Dennerlein - Bank of America Nick Yulico - Scotiabank Daniel Tricarico - Scot ...
Mid-America Apartment Communities (MAA) Surpasses Q3 FFO and Revenue Estimates
ZACKS· 2024-10-30 22:31
Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.21 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to FFO of $2.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.38%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.20 per share when it actually produced FFO of $2.22, delivering a surprise of 0.91%.Over t ...
MAA(MAA) - 2024 Q3 - Quarterly Results
2024-10-30 20:15
PORTFOLIO STATISTICS TOTAL MULTIFAMILY PORTFOLIO AT SEPTEMBER 30, 2024 (1) In apartment units Total | --- | --- | --- | --- | --- | --- | --- | |--------------------|------------|----------------|----------|-----------------------|-----------------|---------| | | Same Store | Non-Same Store | Lease-up | Completed Communities | Units Delivered | Total | | Atlanta, GA | 11,434 | — | 340 | 11,774 | — | 11,774 | | Dallas, TX | 10,116 | — | — | 10,116 | — | 10,116 | | Austin, TX | 6,829 | 350 | — | 7,179 | — | 7 ...
MAA REPORTS THIRD QUARTER 2024 RESULTS
Prnewswire· 2024-10-30 20:15
GERMANTOWN, Tenn., Oct. 30, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the three months ended September 30, 2024. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------|----------|-----------|-------|----------------------------|-------|------------------|-------|-------------------------------| | Third Quarter 2024 Operating Results | 2024 | September | 30, | Three months ended \ ...
What's in Store for Mid-America Apartment Stock in Q3 Earnings?
ZACKS· 2024-10-24 17:41
Mid-America Apartment Communities (MAA) — commonly known as MAA — is a real estate investment trust (REIT) that focuses on owning, operating and acquiring apartment communities throughout the southeast, southwest and mid-Atlantic regions of the United States. MAA is slated to report third-quarter 2024 results on Oct. 30 after market close.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Germantown, TN-based residential REIT delivered a positive surprise of 0.91% in terms of core ...
2 Magnificent S&P 500 Dividend Stocks Down 30% to Buy and Hold Forever
The Motley Fool· 2024-10-19 09:14
Top REITs Prologis and Mid-America Apartment Communities have terrific dividend-hiking track records. The S&P 500 has been in rally mode for much of the past couple of years, and while that may make you feel great about the stocks you already own, it has made it harder to find new bargains to buy. The average stock in the S&P 500 has seen its price-to-earnings ratio increase from around 20 a year ago to more than 24.5 now. However, if you zoom in on the right corners of the market, you can still find some c ...
Buy This High-Yield Apartment REIT and Hold It for the Next Decade
The Motley Fool· 2024-10-10 09:28
A shortage of apartments nationwide means this stock could perform well far into the future. Apartment pricing has seen a huge boom in the last few years, with average rents growing over 21% since February 2019. Some of this is attributable to the overall increase in absolutely everything since the pandemic, while some of it is more likely due to shortages of rental units that started during the Great Recession. By some estimates, the U.S. will need over four million new apartments to meet demand by 2035, a ...
Mid-America Apartment: Elevated New Deliveries Make Me Cautious
Seeking Alpha· 2024-10-08 12:50
Mid-America Apartment Communities (NYSE: MAA ) is a US multi-family REIT that concentrates its portfolio in high-growth regions, particularly Sunbelt markets. The REIT went public in 1994 and had 296 communities in FY 23, translating to 101,465 units Hey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those that are ...