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MAA to Participate in the BofA Securities 2024 Global Real Estate Conference
Prnewswire· 2024-09-09 20:15
GERMANTOWN, Tenn., Sept. 9, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that members of MAA senior management will participate in a round table presentation at the BofA Securities 2024 Global Real Estate Conference. The presentation will take place on Wednesday, September 11, 2024, at approximately 2:15 p.m. Eastern Time. A live webcast of the company's presentation will be accessible through the "Corporate Profile" section of the "For Investors" page of ...
Mid-America Apartment (MAA) Up 13.6% YTD: Will It Rise Further?
ZACKS· 2024-08-19 16:56
Shares of Mid-America Apartment (MAA) (also known as MAA) have rallied 13.6% year to date, outperforming the industry's growth of 9.3%. Last month, MAA reported second-quarter 2024 core funds from operations (FFO) per share of $2.22, which surpassed the Zacks Consensus Estimate of $2.20. Results reflected healthy demand despite elevated new supply and growth in the average effective rent per unit for the same-store portfolio. The company also experienced low levels of resident turnover. However, an increase ...
Mid-America Apartment: No Reason To Wait For Supply Demand Inflection Point, Buy Now
Seeking Alpha· 2024-08-09 21:57
peeterv My previous article on Mid-America Apartment Communities, Inc. (NYSE:MAA) was issued right after the publication of its Q1 2024 earnings report. I indicated that MAA is still a clear buy despite short-term headwinds on the supply end. The overall idea was that the decreased construction starts, restrictive financing for households to buy new homes, and MAA's solid balance sheet should lead to a significant value creation as the current oversupply issue gets gradually resolved. Since the publication ...
Why I Can't Wait to Buy Even More of These 2 High-Yielding Dividend Stocks in August
The Motley Fool· 2024-08-04 13:42
These REITs should supply me with growing streams of passive income. I'm on a mission to build my passive income streams to the point where they can cover my recurring expenses. Doing so would give me a lot more financial freedom. I would no longer feel the pressure of having to work to pay the bills. I make progress toward my goal each month by making investments that generate passive income. High-quality, high-yield dividend stocks are one of my go-to options. This August, I plan to buy more shares of sev ...
MAA(MAA) - 2024 Q2 - Quarterly Report
2024-08-01 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 June 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-AMER ...
MAA(MAA) - 2024 Q2 - Earnings Call Transcript
2024-08-01 18:14
Mid-America Apartment Communities, Inc. (NYSE:MAA) Q2 2024 Earnings Conference Call August 1, 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 Rob DelPriore - EVP, CAO & General Counsel Joe Fracchia - EVP, Chief Technology & Innovation Officer Conference Call Participants Eric Wolfe - Citi Nick Yulico - Scotiabank Josh Dennerlei ...
Mid-America Apartment (MAA) Q2 FFO & Revenues Beat Estimates
ZACKS· 2024-08-01 14:46
Mid-America Apartment Communities (MAA) , which is commonly known as "MAA", reported secondquarter 2024 core funds from operations (FFO) per share of $2.22, which surpassed the Zacks Consensus Estimate of $2.20. However, the reported figure fell 2.6% year over year from $2.28. Results reflect healthy demand despite elevated new supply and growth in the average effective rent per unit for the same-store portfolio. The company also experienced low levels of resident turnover. However, an increase in operating ...
Mid-America Apartment Communities (MAA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-07-31 23:01
Mid-America Apartment Communities (MAA) reported $546.44 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.1%. EPS of $2.22 for the same period compares to $1.24 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $544.91 million, representing a surprise of +0.28%. The company delivered an EPS surprise of +0.91%, with the consensus EPS estimate being $2.20. While investors closely watch year-over-year changes in headline numbers -- reven ...
MAA(MAA) - 2024 Q2 - Quarterly Results
2024-07-31 20:17
Exhibit 99.2 (1) PORTFOLIO STATISTICS TOTAL MULTIFAMILY PORTFOLIO AT JUNE 30, 2024 (1) In apartment units | --- | --- | --- | --- | --- | --- | --- | |-------------------------|------------|----------------|----------|-----------------------------|-----------------------------|---------| | | Same Store | Non-Same Store | Lease-up | Total Completed Communities | Development Units Delivered | Total | | Atlanta, GA | 11,434 | — | 340 | 11,774 | — | 11,774 | | Dallas, TX | 10,116 | — | — | 10,116 | — | 10,116 | ...
MAA REPORTS SECOND QUARTER 2024 RESULTS
Prnewswire· 2024-07-31 20:15
GERMANTOWN, Tenn., July 31, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended June 30, 2024. | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------|--------|----------------------------------|--------|--------------|-------|-------------------------------------|-------|-------------------| | Second Quarter 2024 Operating Results \nEarnings ...