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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.
MAA (NYSE: MAA) has announced a quarterly dividend payment of $1.25 per share, reflecting a 15% increase from the previous dividend. This increase raises the annualized dividend payout to $5.00 per share, up by $0.65. Shareholders of record on July 15, 2022, will receive this payment on July 29, 2022. The dividend declaration precedes MAA's upcoming earnings announcement scheduled for July 27, 2022.
Mid-America Apartment Communities, Inc. (MAA) reported strong first-quarter 2022 results, with diluted earnings per share of $0.95, up from $0.40 in 2021. Funds from operations (FFO) per share increased to $2.06, up from $1.50. Same Store Portfolio property revenues rose by 12.2%, while net operating income (NOI) grew by 16.9%. MAA continues to see high demand for apartments, leading to strong rent growth and occupancy rates. The company projects a Core FFO of $1.97 per share for Q2 2022 and has updated its 2022 guidance, expecting increased earnings and revenue growth across its portfolio.
MAA (NYSE: MAA) will release its first quarter 2022 financial results on April 27, 2022, after market close. A conference call to discuss the results is scheduled for April 28, 2022, at 9:00 a.m. Central Time. During the call, executives will review performance and answer questions. The call can be accessed at (877) 830-2598 domestically or +1 (785) 424-1877 internationally, using Conference ID: MAA. A replay will be available from April 28 to May 12, 2022. A webcast will also be accessible via the company's website.
MAA (NYSE: MAA) has declared a quarterly dividend of $1.0875 per share to be paid on April 29, 2022. Shareholders of record on April 14, 2022 will receive this payment. This announcement comes ahead of MAA's earnings report scheduled for April 27, 2022. MAA is a self-administered real estate investment trust (REIT) focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic U.S., aiming for strong investment performance.
MAA (NYSE: MAA) is set to present at the 2022 Citi Global Property CEO Conference on March 9, 2022, at 9:45 a.m. Eastern Time. Eric Bolton, Jr., Chairman and CEO, will provide a company overview, followed by a Q&A session on market conditions and MAA's guidance. The presentation will last about 35 minutes. A live webcast will be available on MAA's website and replay access will follow the event. MAA is a leading REIT focusing on apartment communities in the U.S.
Mid-America Apartment Communities, Inc. (MAA) has declared a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is payable on March 31, 2022, to shareholders recorded as of March 15, 2022. MAA, a member of the S&P 500, focuses on apartment communities across the Southeast, Southwest, and Mid-Atlantic regions, aiming for strong investment performance.
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.