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Mid-America Apartment Communities, Inc. - $MAA STOCK NEWS

Welcome to our dedicated page for Mid-America Apartment Communities news (Ticker: $MAA), a resource for investors and traders seeking the latest updates and insights on Mid-America Apartment Communities stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mid-America Apartment Communities's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mid-America Apartment Communities's position in the market.

News
Rhea-AI Summary

Mid-America Apartment Communities, Inc. (MAA) reported its First Quarter 2024 Results, with Earnings per common share at $1.22, Funds from operations at $2.41 per Share, and Core FFO at $2.22 per Share. The company's Same Store Portfolio saw revenue growth of 1.4%, while Net Operating Income decreased by 0.7% compared to the prior year. MAA continues to focus on development projects, with five communities under construction and plans for more in the future. The balance sheet remains strong, with $1.1 billion in cash and available credit.

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MAA (NYSE: MAA) to release first quarter 2024 results on May 1, 2024, followed by a conference call on May 2, 2024, to review performance.
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2%
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Mid-America Apartment Communities, Inc. (MAA) announced Toni Jennings' retirement from the Board of Directors, effective before the May 21, 2024 Annual Meeting of Shareholders. The board approved reducing the number of directors to 12. The Nominating and Corporate Governance Committee ensures smooth director succession. Three new directors were nominated for election at the 2023 Annual Meeting, temporarily increasing the board size to 13.
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1.53%
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management
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Mid-America Apartment Communities, Inc. (MAA) declares a quarterly dividend of $1.47 per share of common stock, payable on April 30, 2024, to shareholders of record on April 15, 2024. The dividend is declared in anticipation of MAA's upcoming earnings announcement on May 1, 2024.
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0.68%
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Mid-America Apartment Communities, Inc. (MAA) is set to present at the 2024 Citi Global Property CEO Conference. H. Eric Bolton, Jr., MAA's Chairman and CEO, will provide an overview of the company and engage in a Q&A session discussing market conditions and guidance. The presentation will be on March 5, 2024, at 5:00 p.m. ET.
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1.31%
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Mid-America Apartment Communities, Inc. (MAA) declares a quarterly dividend of $1.0625 per share of its 8.50% Series I Cumulative Redeemable Preferred Stock, payable on April 1, 2024. Shareholders of record on March 15, 2024, will receive the dividend.
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1.31%
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dividends
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Mid-America Apartment Communities, Inc. (MAA) announced its operating results for the fourth quarter ended December 31, 2023. The company reported diluted earnings per share of $1.37, funds from operations (FFO) per share of $2.53, and core FFO per share of $2.32. The Chairman and CEO, Eric Bolton, highlighted the stable demand trends and optimistic outlook for improved rent growth in late 2024.
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-0.56%
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Mid-America Apartment Communities, Inc. (MAA) celebrated its 30-year anniversary as a public company by ringing the Closing Bell® at the New York Stock Exchange. The company's equity market capitalization has grown to approximately $16 billion, making it the largest publicly traded apartment REIT in the United States. MAA's successful long-term performance record has resulted in an annual compounded return to shareholders of 12.6% over the past 30 years. The company also has outstanding $4.1 billion in publicly traded corporate bonds supported by a sector-leading investment-grade balance sheet, rated A- by all three credit rating agencies.
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-0.71%
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MAA (NYSE: MAA) announced the release of its fourth quarter and full-year 2023 results on February 7, 2024, with a conference call scheduled for February 8, 2024. Company officers will review performance and conduct a Q&A session. A live webcast will be available on the 'For Investors' page of the Company's website.
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2.88%
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Mid-America Apartment Communities, Inc. (MAA) announced the taxable composition of the 2023 distributions paid to shareholders, with no portion expected to represent a return of capital. The company did not incur any foreign taxes. The release provides a detailed breakdown of the classifications for 2023, including record dates, pay dates, cash distributions per share, and various taxable distributions for both Common Stock and 8.5% Series I Cumulative Redeemable Preferred Stock. Shareholders are advised to consult their tax advisors for specific treatment, as the information is based on preliminary work and subject to correction.
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-1.82%
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Mid-America Apartment Communities, Inc.

NYSE:MAA

MAA Rankings

MAA Stock Data

15.37B
115.64M
0.65%
95.97%
2.17%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
Link
United States of America
GERMANTOWN

About MAA

our mission is to create "a brighter view" for our residents, employees and shareholders. and we’re doing that every day. maa is a leading performer in the apartment real estate industry with an award-winning portfolio of multifamily housing that stretches across the sunbelt region of the united states. our current portfolio encompasses more than 47,000 apartment homes. we are publicly traded on the new york stock exchange under the symbol maa. with over 25 years in the real estate industry, maa has gained extensive experience in all phases of multifamily real estate investing — acquisition, redevelopment, new development, property management and disposition. maa’s successful investing and operating philosophies in portfolio, asset, and property management have been developed, refined, and tested through numerous market cycles.