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MAA Announces Date of Fourth Quarter and Full-Year 2024 Earnings Release, Conference Call
Prnewswire· 2025-01-16 21:15
GERMANTOWN, Tenn., Jan. 16, 2025 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its fourth quarter and full-year 2024 results on Wednesday, February 5, 2025, after market close and will hold a conference call on Thursday, February 6, 2025, at 9:00 a.m. Central Time. During the conference call, company officers will review fourth quarter and full-year performance and conduct a question-and-answer session.The conference call-in number is (800) 715-9871 (Domestic) or +1 (64 ...
Here Are My Top 3 High-Yield Dividend Stocks to Buy Now
The Motley Fool· 2024-12-24 09:11
Core Viewpoint - Dividend-paying stocks are favored for their ability to generate passive income and historically outperform non-dividend stocks in total returns over the last 50 years [1] Group 1: Realty Income - Realty Income's shares have declined over 15% from their peak this year, resulting in a dividend yield exceeding 6%, significantly higher than the S&P 500's yield of around 1.2% [3] - The REIT maintains a diversified portfolio across various sectors, providing stable rental income as tenants cover real estate taxes, maintenance, and insurance [4] - Realty Income conservatively pays out about 75% of its adjusted funds from operations in dividends, allowing for cash retention to fund new investments, and has increased its dividend 128 times since going public in 1994 [5] Group 2: Rexford Industrial - Rexford Industrial's stock has dropped over 30% from its peak, leading to a dividend yield of 4.4%, primarily due to a slowdown in the Southern California industrial real estate market [6] - Despite a cooling demand, the market remains strong, with Rexford executing 657,000 square feet of new and renewal leases at a 60% increase compared to prior rents, maintaining an occupancy rate of 95.9% [7] - The REIT anticipates adding $72 million to its net operating income over the next three years as legacy leases expire, projecting a 34% growth in NOI, supported by ongoing projects and acquisitions [8] Group 3: Mid-America Apartment Communities - Mid-America Apartment Communities' stock has decreased nearly 10% from its recent high, resulting in a dividend yield of around 4% [9] - The REIT expects a significant decline in new supply impacting its portfolio by 2025, entering a new growth cycle where demand will outpace supply [11] - With nearly $1 billion in upcoming apartment development projects and the financial capacity for new developments, the company is well-positioned to enhance its growth and continue increasing dividends, having raised its payment by 3.1% recently [12] Group 4: Investment Opportunity - Realty Income, Rexford Industrial, and Mid-America Apartment Communities currently present higher dividend yields due to stock price sell-offs, combined with solid growth prospects, making them attractive dividend stocks for potential strong total returns [13]
Why I Just Bought More of These 3 Top Dividend Stocks in My Retirement Account and Plan to Keep Adding in 2025
The Motley Fool· 2024-12-22 12:08
I'm a huge fan of investing in dividend-paying stocks. They supply me with passive income that I can reinvest as I see fit. I can eventually use that income to pay some of my expenses when I retire. On top of that, dividend stocks have historically been high performers. The average dividend stock in the S&P 500 has outperformed non-payers by more than two-to-one over the last 50 years, according to data from Ned Davis Research and Hartford Funds.Given these dynamics, I buy more shares of high-quality divide ...
Mid-America Apartment Communities: Quality REIT With Rising Dividends
Seeking Alpha· 2024-12-13 20:26
I rate Mid-America Apartment Communities, Inc. (NYSE: MAA ) stock a “Buy,” for investors interested in dividends from real estate investment trusts, or REITs. In my view, MAA is a quality investment to own long term, with strong management andDavid A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as ...
Mid-America Announces 3.1% Hike in Dividend: Is It Sustainable?
ZACKS· 2024-12-11 15:30
Mid-America Apartment Communities’ (MAA) , also known as MAA, board of directors approved an increase in the company’s quarterly dividend payment. The company will now pay out $1.515 per share, reflecting a hike of 3.1% from the prior dividend of $1.47. Based on the increased rate, the annual dividend comes to $6.06 per share, marking an increase of 18 cents from the prior dividend. At this new rate, the annualized yield comes at 3.8%, based on the stock’s closing price of $158.56 on Dec. 10. The new divide ...
MAA Stock Rises 27.2% in 6 Months: Will the Trend Continue?
ZACKS· 2024-11-29 18:06
Core Viewpoint - Mid-America Apartment (MAA) has experienced a significant stock price increase of 27.2% over the past six months, outperforming the industry growth of 17.3%, driven by favorable in-migration trends and strong demand for rental apartments in its key markets [1][4]. Financial Performance - In Q3 2024, MAA reported core funds from operations (FFO) per share of $2.21, exceeding the Zacks Consensus Estimate of $2.18, although this figure represents a 3.5% decline year-over-year [2]. Market Position and Strategy - MAA benefits from a well-diversified portfolio focused on the Sun Belt region, where job and household in-migration trends support high renter demand [4]. - The company is strategically developing eight communities as of Q3 2024 to capitalize on the growing demand for apartment housing in its markets [5]. - MAA is implementing three internal investment programs—interior redevelopment, property repositioning, and Smart Home installations—to enhance rent growth and earnings from its existing assets [6]. Financial Health - MAA maintains a solid balance sheet with low leverage, having $805.7 million in combined cash and available capacity under its revolving credit facility as of September 30, 2024 [7]. - The company has a low Net Debt/Adjusted EBITDAre ratio of 3.9 and generated 95.8% unencumbered net operating income in Q3 2024, positioning it well for growth opportunities [7]. Dividend Policy - MAA has a strong commitment to dividend payouts, having increased its dividend seven times in the last five years, with a five-year annualized growth rate of 10.48%, supported by healthy operating fundamentals [8].
Anavex Life Sciences Announces Submission of Blarcamesine MAA for Treatment of Alzheimer's Disease to EMA
GlobeNewswire News Room· 2024-11-26 12:30
•  First marketing authorization submission for blarcamesine NEW YORK, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Anavex Life Sciences Corp. (“Anavex” or the “Company”) (Nasdaq: AVXL), a clinical-stage biopharmaceutical company developing differentiated therapeutics for the treatment of Alzheimer's disease, Parkinson's disease, schizophrenia, neurodevelopmental, neurodegenerative, and rare diseases, including Rett syndrome, and other central nervous system (CNS) diseases, today announced the submission of the blarca ...
Negative News For Real Estate Investors: 1 REIT To Buy And 1 To Avoid
Seeking Alpha· 2024-11-04 14:15
Last week was quite volatile for the overall market due to the weak jobs report and disappointments on the earnings report front from several large cap players. These dynamics led the S&P 500 to register ~ 1.7% of a market cap loss.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of ...
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 ...
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 ...