MAA(MAA)
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MAA Announces Date of First Quarter Earnings Release, Conference Call
Prnewswire· 2025-04-02 20:15
GERMANTOWN, Tenn., April 2, 2025 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its first quarter 2025 results on Wednesday, April 30, 2025, after market close and will hold a conference call on Thursday, May 1, 2025, at 9:00 a.m. Central Time. During the conference call, company officers will review first quarter performance and conduct a question-and-answer session.The conference call-in number is (800) 715-9871 (Domestic) or +1 (646) 307-1963 (International). The Con ...
MAA Stock Rises 8.4% Year to Date: Will the Trend Continue?
ZACKS· 2025-04-02 15:40
Shares of Mid-America Apartment (MAA) , which is commonly known as MAA, have rallied 8.4% so far in the year, outperforming the industry's growth of 3.2%.MAA is poised to gain from a well-diversified, Sun Belt-focused portfolio. The company's redevelopment initiatives and advancements in technology are expected to drive margin improvements. Its solid balance sheet provides a strong foundation for growth opportunities, despite an elevated supply of rental units and high interest expenses remaining as concern ...
Is MAA Stock a Strong Buy for Long-Term Investors?
The Motley Fool· 2025-03-18 23:00
Our Purpose: To make the world smarter, happier, and richer. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. ...
Why Is Mid-America Apartment Communities (MAA) Up 5% Since Last Earnings Report?
ZACKS· 2025-03-07 17:36
Core Insights - Mid-America Apartment Communities (MAA) reported a fourth-quarter 2024 core FFO per share of $2.23, missing the Zacks Consensus Estimate of $2.24 and reflecting a 3.9% year-over-year decline from $2.32 [2] - Rental and other property revenues for Q4 were $549.8 million, below the consensus estimate of $552.5 million but 1.4% higher than the previous year [3] - The company provided its initial outlook for 2025, projecting a core FFO per share range of $8.61-$8.93, with a midpoint of $8.77 [12] Financial Performance - The same-store portfolio's revenues decreased by 0.2% year-over-year, with average effective rent per unit declining by 0.5% [4] - The same-store portfolio's property operating expenses increased by 3.4% year-over-year, leading to a 2.1% decline in NOI [4] - For the full year 2024, core FFO per share was $8.88, lower than the prior year's $9.17 and below the consensus estimate of $8.89 [3] Portfolio Activity - MAA acquired a 386-unit multifamily community in Dallas for approximately $106 million and a 3-acre land parcel in Raleigh for $5 million [6] - The company disposed of a 216-unit community in Charlotte and a 272-unit community in Richmond for combined net proceeds of $85 million, resulting in a gain of $55 million [7] - As of December 31, 2024, MAA had seven communities under development, totaling 2,312 units with a projected cost of $851.5 million [7] Resident Turnover and Lease Pricing - Resident turnover was historically low at 42.0% on a trailing 12-month basis, attributed to low move-outs for single-family homes [5] - Lease pricing for new leases declined by 8.0%, while renewing leases increased by 4.2%, resulting in a blended decrease of 2% in lease pricing [5] Balance Sheet Position - MAA ended 2024 with cash and cash equivalents of $43.0 million, up from $41.3 million at the end of 2023 [10] - The total debt outstanding was $5.0 billion, with an average maturity of 7.3 years [11] - The company maintained a net debt/adjusted EBITDAre ratio of 4.0 times [10] 2025 Guidance - MAA anticipates a first-quarter 2025 core FFO per share between $2.08 and $2.24, with a midpoint of $2.16 [12] - Same-store property revenue growth is projected between -0.35% and 1.15%, with operating expense growth expected between 2.45% and 3.95% [13] - Average physical occupancy for the same-store portfolio is guided to be between 95.3% and 95.9% [13] Market Sentiment - There has been a downward trend in estimates for MAA, leading to a Zacks Rank of 4 (Sell) [16] - The stock has a subpar Growth Score of D and a grade of F on the value side, indicating it is in the lowest quintile for investment strategy [15]
MAA to Participate in the 2025 Citi Global Property CEO Conference
Prnewswire· 2025-02-28 21:15
GERMANTOWN, Tenn., Feb. 28, 2025 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that the Company plans to participate in the 2025 Citi Global Property CEO Conference.During the conference, H. Eric Bolton, Jr., Chairman and CEO and A. Bradley Hill, President and Chief Investment Officer, along with members of MAA's management team, will host a roundtable discussion on Tuesday, March 4, 2025, at approximately 1:30 p.m. Eastern Time that is expected to last for app ...
Worried About Higher-For-Longer? Consider These 2 Dividends For The Win
Seeking Alpha· 2025-02-13 14:15
Currently, there are many unknowns and significant risks in the market. We have tariffs, sanctions, AI-driven energy demand, a hot labor market, potentially reduced taxes on the horizon, etc. However, all of this has one thing in common - i.e., pressure on the inflation rate, which, in turn, translates to a higher-for-longer scenario. InRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. ...
MAA(MAA) - 2024 Q4 - Annual Report
2025-02-07 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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, ...
Mid-America Apartment: 2025 Guidance Comes In Weak
Seeking Alpha· 2025-02-07 10:01
Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.On our previous coverage of Mid-America Apartment Communities, Inc. (NYSE: MAA ) we moved to a Sell rating. The rationale was that it was expensive relative to where interest rates stood, and the market was still underest ...
MAA(MAA) - 2024 Q4 - Earnings Call Transcript
2025-02-06 21:11
Mid-America Apartment Communities, Inc. (NYSE:MAA) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Andrew Schaeffer - Senior Vice President, Treasurer and Director, Capital Markets Eric Bolton - Chairman and Chief Executive Officer Brad Hill - President and Chief Investment Officer Tim Argo - Executive Vice President, Chief Strategy and Analysis Officer Clay Holder - Executive Vice President and Chief Financial Officer Conference Call Participants James Feldman - Wells Far ...
Mid-America Q4 FFO & Revenues Miss Estimates Amid High Supply
ZACKS· 2025-02-06 16:11
Shares of Mid-America Apartment Communities (MAA) , commonly known as MAA, witnessed a 1.13% fall in the pre-market trading hours today after it came up with lower-than-expected fourth-quarter 2024 results yesterday following market close. MAA reported fourth-quarter 2024 core funds from operations (FFO) per share of $2.23, which missed the Zacks Consensus Estimate of $2.24. The reported figure also fell 3.9% year over year from $2.32.See the Zacks Earnings Calendar to stay ahead of market-making news.Renta ...