Welcome to our dedicated page for Mid-Amer Apt Cmntys news (Ticker: MAA), a resource for investors and traders seeking the latest updates and insights on Mid-Amer Apt Cmntys stock.
Mid-America Apartment Communities, Inc. (MAA) generates a steady flow of news as a multifamily-focused real estate investment trust listed on the New York Stock Exchange. As a member of the S&P 500, MAA regularly issues updates on its apartment portfolio, capital structure and shareholder distributions, making its news feed a useful resource for those following the residential REIT sector.
News about MAA often includes quarterly and full-year earnings releases, where the company discusses operating results, Same Store performance, development and lease-up activity, and guidance ranges for key metrics. These announcements are typically accompanied by conference call and webcast details, allowing analysts and investors to hear management’s commentary on portfolio trends and financial performance.
MAA also publishes press releases related to its capital markets and financing activities. Recent examples include announcements about the pricing and issuance of senior unsecured notes through its operating partnership, Mid-America Apartments, L.P., and the execution of a large unsecured revolving credit facility with an accordion feature. Such items highlight how the company funds acquisitions, development and redevelopment of apartment communities.
Dividend announcements are another recurring theme in MAA’s news. The company reports quarterly common dividends and preferred dividends, and has emphasized its long history of uninterrupted common dividend payments over more than three decades as a public company. Updates on investor presentations, participation in real estate conferences and the availability of supplemental data and webcasts further round out the news flow. Investors and researchers can use this page to review MAA’s latest corporate communications and historical press releases related to its multifamily apartment platform.
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.
Mid-America Apartment Communities (MAA), Inc. will have its Chairman and CEO, H. Eric Bolton, Jr., participate in a round table at the Bank of America Securities 2020 Global Real Estate Virtual Conference. The presentation is scheduled for September 16, 2020, at approximately 9:45 a.m. Eastern Time. Investors can view the live webcast on MAA's website or through a specific link provided. A replay will be available one hour post-event until December 15, 2020. MAA is a member of the S&P 500 and focuses on apartment communities across various U.S. regions.
Mid-America Apartment Communities, Inc. (MAA) announced a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend will be payable on September 30, 2020, to shareholders of record by September 15, 2020. The announcement underscores MAA's commitment to returning value to its shareholders amidst ongoing economic conditions.
On August 3, 2020, Mid-America Apartment Communities, Inc. (MAA) announced the pricing of a $450 million offering of 1.700% senior unsecured notes due February 15, 2031. The notes were priced at 99.465% of the principal amount, and the offering's closing is set for August 12, 2020, pending customary conditions. Proceeds will be used to repay existing borrowings and for general corporate purposes. Major banks involved include Wells Fargo Securities, Citigroup, and J.P. Morgan. MAA is a leading REIT focused on apartment communities across the U.S.
MAA reported a net income of $74.1 million for Q2 2020, up from $61.0 million in Q2 2019, translating to $0.65 per diluted share. Core FFO increased to $1.59 per share, while FFO rose to $1.71 per share. Property revenues grew 2.1%, with a 3.4% rise in Average Effective Rent per Unit. The company completed the development of Copper Ridge II and held six properties under construction, totaling 1,940 units. Despite COVID-19, rent collections remained strong at 99.4% for Q2. However, MAA withdrew its 2020 guidance amid market uncertainty.
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