GERMANTOWN, Tenn., May 21, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1.47 per share of common stock to be paid on July 31, 2024, to shareholders of record on July 15, 2024. This announcement represents the 122nd consecutive quarterly cash dividend declared by the company. Over its 30-year history, MAA has never reduced or suspended its quarterly common dividend payment. As establishe ...

These companies have excellent records of paying dividends, which isn't likely to end anytime soon. Dividend stocks are proven wealth creators. Over the last 50 years, they have outperformed non-payers by more than 2 to 1. A big driver is their steady (and often growing) income stream, which provides investors with a solid base return year in and year out. One Liberty Properties (OLP 1.09%), Truist Financial (TFC -0.45%), and Mid-America Apartment Communities (MAA 0.64%) have magnificent records of paying d ...

Real estate investment trusts will benefit from lower interest rates. The past few years have been challenging for most real estate investment trusts (REITs). Higher interest rates have weighed on real estate values to increase their income yields above those of lower-risk income investments like bonds. In addition, higher rates have made it more expensive for REITs to borrow money to fund development projects and acquisitions. The income lover's dream Realty Income built a real estate business designed to ...

Wells Fargo Securities, LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC and KeyBanc Capital Markets Inc. were the joint book-running managers for the offering. GERMANTOWN, Tenn., May 13, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., ("MAA") (NYSE: MAA) today announced that its operating partnership, Mid-America Apartments, L.P. ("MAALP"), priced a $400,000,000 offering of MAALP's 5.300% senior unsecured notes due February 15, 2 ...

CHUNYIP WONG/iStock via Getty Images Just before we transitioned into 2024, I wrote a fairly bullish article on Mid-America Apartment Communities (NYSE:MAA), which was a follow-up piece for my initial thesis on MAA back in September 2023. While I was (and still am) optimistic about MAA's prospects to generate solid shareholder returns, I made it clear that in the short term there is a limited probability of MAA outperforming the market. The chart below, which measures the total return performance of MAA ...

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 March 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.) (901) 682-6600 (Registrant's telephone number, including area code) N/A (For ...

Mid-America Apartment Communities, Inc. (NYSE:MAA) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants Andrew Schaeffer - Senior Vice President, Treasurer & Director, Capital Markets Eric Bolton - Chairman & Chief Executive Officer Brad Hill - Executive Vice President & Chief Investment Officer Tim Argo - Executive Vice President, Chief Strategy & Analysis Officer Clay Holder - Senior Vice President & Chief Accounting Officer Conference Call Participants Austin Wurschmidt - KeyBanc ...

Mid-America Apartment Communities (MAA) reported first-quarter 2024 core funds from operations (FFO) per share of $2.22, which missed the Zacks Consensus Estimate of $2.23. Moreover, the reported figure fell 2.6% year over year from $2.28.Although this residential REIT experienced growth in the average effective rent per unit for the same-store portfolio, its quarterly results reflect a fall in the occupancy level and high supply across its markets. The company also experienced an increase in operating expe ...

Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.22 per share, missing the Zacks Consensus Estimate of $2.23 per share. This compares to FFO of $2.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -0.45%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.30 per share when it actually produced FFO of $2.32, delivering a surprise of 0.87%.Over ...

Exhibit 99.2 Dollars in thousands, except Average Effective Rent per Unit | | | | | Average | | | | --- | --- | --- | --- | --- | --- | --- | | | | As of March 31, 2024 | | Effective | As of March 31, 2024 | | | | | Percent to | | Rent per Unit for | | Total Units, | | | | Total of | | the Three | | Including | | | Gross Real | Gross Real | Physical | Months Ended | Completed | Developmen | | | Assets | Assets | Occupancy | March 31, 2024 | Units | t | | Atlanta, GA | $ 2,104,322 | 13.3 % | 94.1 % $ | 1,839 ...