Mid-Amer Apt Cmntys Inc Stock Price, News & Analysis

Mid-America Apartment Communities (MAA) has announced the taxable composition of its 2020 distributions to shareholders. Notably, it expects no part of these distributions to be a return of capital, and no foreign taxes were incurred. The 2020 distributions include four payments of $1.0000 per share for common stock, with a taxable distribution rate of 99.9835%. Additionally, the 8.5% Series I Cumulative Redeemable Preferred Stock distributions totaled $1.0625 per share, also with a 99.9835% taxable rate. MAA advises shareholders to consult tax advisors for individual tax treatment.

MAA (NYSE: MAA) will release its fourth quarter and full-year 2020 results on February 3, 2021, after market close. A conference call is scheduled for February 4, 2021, at 9:00 a.m. Central Time, where company officials will discuss the performance and address questions.

The call can be accessed at (877) 830-2598 domestically or +1 (785) 424-1877 internationally. A replay will be available from February 4 to February 18, 2021. Further information can be found on the company's For Investors page.

MAA (NYSE: MAA) has announced a quarterly dividend payment of $1.025 per share, set to be paid on January 29, 2021, for shareholders recorded by January 15, 2021. This represents a 2.5% increase over the previous rate, elevating the annualized dividend to $4.10 per share, marking MAA's eleventh consecutive annual increase in its common dividend. The dividend declaration occurred ahead of the company's earnings announcement, which is scheduled for January 27, 2021.

Mid-America Apartment Communities, Inc. (MAA) announced a quarterly dividend of $1.0625 per share for its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is set to be paid on December 31, 2020, to shareholders recorded by December 15, 2020. MAA, a self-administered real estate investment trust (REIT) and an S&P 500 member, focuses on apartment communities across the Southeast, Southwest, and Mid-Atlantic U.S., aiming for notable, full-cycle investment performance.

Mid-America Apartment Communities (NYSE: MAA) announced its participation in Nareit's virtual REITworld: 2020 Annual Conference on November 17, 2020, from 8:45 a.m. ET to 9:15 a.m. ET. The presentation is available live and on demand for registered participants via the REITworld website. Additionally, presentation materials can be accessed on the company's investor page. MAA focuses on providing strong investment performance with its apartment communities across multiple U.S. regions.

Mid-America Apartment Communities (MAA) reported Q3 2020 results, revealing a net income of $59.0 million, or $0.52 per diluted share, down from $77.7 million, or $0.68 per share in Q3 2019. Core FFO for the quarter was $185.9 million, maintaining $1.57 per share. Property revenues rose by 2.1% year-over-year, driven by a 1.8% increase in average effective rent. However, operating expenses increased by 7.2%, leading to a 1.1% drop in net operating income. MAA declared its 107th consecutive dividend at $4.00 per share. Full year guidance remains withdrawn due to COVID-19 uncertainties.

MAA (NYSE: MAA) has announced the release date for its third quarter 2020 financial results, which is set for October 28, 2020, after market close. A conference call will follow on October 29, 2020, at 9:00 a.m. Central Time, where company officers will discuss the quarterly performance and answer questions. Investors can access the call via a live webcast on the company’s website, and a replay will be available for two weeks after the event. MAA is a self-administered REIT focused on managing apartment communities across the Southeast, Southwest, and Mid-Atlantic regions.

MAA (NYSE: MAA) announced a quarterly dividend of $1.00 per share, payable on October 30, 2020, to shareholders of record on October 15, 2020. This declaration precedes MAA's earnings announcement expected on October 28, 2020. As a member of the S&P 500, MAA is focused on apartment communities across the Southeast, Southwest, and Mid-Atlantic regions, aiming for strong investment performance.

Mid-America Apartment Communities, Inc. (MAA) appointed Edith Kelly-Green to its Board of Directors on September 24, 2020. This addition expands the board to 13 members and emphasizes MAA's focus on strong governance. Kelly-Green, an SEC financial expert, brings extensive experience from her role as Vice President and Chief Sourcing Officer at FedEx. Her insights will enhance MAA's operations in the multifamily industry. The appointment is part of MAA's succession planning strategy, aiming to drive higher value for stakeholders.