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Mid-America Apartment Communities, Inc. reports news tied to its role as a self-administered REIT that owns, manages, acquires, develops and redevelops apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States. Company updates commonly cover quarterly operating results, FFO and Core FFO per share, same-store revenue, expenses, net operating income and rent trends across its multifamily portfolio.
Recurring announcements also include common and Series I preferred stock dividends, taxable distribution composition, investor conference presentations and acquisition or development activity involving land parcels and new apartment communities. MAA's public updates connect portfolio operations with REIT capital allocation, development pipeline decisions and shareholder distributions.
Mid-America Apartment Communities, MAA (NYSE: MAA), reported strong Q4 and full-year 2021 results with earnings per share increasing to $1.60 from $0.72 year-over-year. Funds from Operations (FFO) per share rose to $2.01, reflecting a 12.1% increase in net operating income (NOI). Property revenues grew by 9.3% driven by a 10.1% rise in average effective rent. The company affirmed its BBB+ credit rating with a positive outlook and announced a 6.1% dividend increase. For 2022, MAA projects earnings per share between $4.87 and $5.23, and expects property revenue growth of 8% to 10%.
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MAA (NYSE: MAA) has announced that it will release its fourth quarter and full year 2021 results on February 2, 2022, after market close. The company will hold a conference call on February 3, 2022, at 9:00 a.m. Central Time, to discuss performance and provide initial guidance for 2022. Investors can access the call by dialing (877) 830-2598 or via a live webcast on their website. A replay will be available until February 17, 2022.
MAA (NYSE: MAA) announced leadership promotions aimed at strengthening its executive team, with Eric Bolton highlighting strong performance trends and external growth. Brad Hill has been promoted to Chief Investment Officer, Rob DelPriore to Chief Administrative Officer & General Counsel, Joe Fracchia to Chief Technology & Innovation Officer, and Tim Argo to Chief Strategy & Analysis Officer. Additionally, Andrew Schaeffer becomes Senior Vice-President and Treasurer. These moves are expected to enhance MAA's capacity for value creation and capitalize on emerging opportunities in the REIT sector.
MAA (NYSE: MAA) announced a quarterly dividend payment of $1.0875 per share, to be paid on January 31, 2022. This represents a 6.1% increase from the previous dividend, raising the annualized payout to $4.35 per share, an increase of $0.25. This marks MAA's twelfth consecutive annual dividend increase. The board declared this dividend ahead of the earnings announcement expected on January 26, 2022.
Mid-America Apartment Communities, Inc. (MAA) declared a quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend will be payable on December 31, 2021, to shareholders recorded as of December 15, 2021. MAA operates as a self-administered real estate investment trust (REIT) and is part of the S&P 500, focusing on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.
Mid-America Apartment Communities, Inc. (MAA) announced strong operating results for Q3 2021, reporting earnings per share of $0.73, up from $0.52 in Q3 2020. Funds from Operations (FFO) per share increased to $1.85 from $1.58 year-over-year. Same Store Property revenues rose 6.7%, driven by a 6.3% hike in Average Effective Rent. The company maintains a robust development pipeline, with eight properties under construction and total projected costs of $627.5 million. MAA also declared its 111th consecutive quarterly dividend of $4.10 per share, slated for October 29, 2021.
MAA (NYSE: MAA) has announced the release of its third quarter 2021 results, scheduled for October 27, 2021, after market close. A conference call to discuss the results will take place on October 28, 2021, at 9:00 a.m. Central Time. The call will include a review of performance and a Q&A session. Interested participants can join via the provided numbers or through a live webcast on MAA's investor page. The company operates as a real estate investment trust focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions.
MAA (NYSE: MAA) has declared a quarterly dividend of $1.025 per share, set for payment on October 29, 2021, to shareholders on record as of October 15, 2021. This decision aligns with MAA's consistent approach, announced prior to their upcoming earnings release expected on October 27, 2021. MAA, a self-administered REIT, focuses on apartment communities in the Southeast, Southwest, and Mid-Atlantic U.S., prioritizing strong investment performance. For more details, visit www.maac.com.
Mid-America Apartment Communities (NYSE: MAA) announced that its CEO, H. Eric Bolton, Jr., will participate in a round table at the Bank of America Securities 2021 Virtual Global Real Estate Conference on September 21, 2021, at 9:45 a.m. ET. A live webcast of the presentation will be available on MAA's investor page and can be accessed here. The replay will be accessible within 24 hours and remain available until December 22, 2021.