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

Mid-America Apartment Communities (MAA) announced strong operating results for Q1 2023, reporting an earnings per share of $1.16, up from $0.95 in Q1 2022. Funds from Operations (FFO) per share increased to $2.31, and Core FFO per share rose to $2.28. The Same Store Portfolio saw property revenues grow by 11.0%, while operating expenses increased by 8.3%, leading to a 12.5% rise in Net Operating Income (NOI). MAA's balance sheet remains strong with a Net Debt/Adjusted EBITDA ratio of 3.50x. The company is developing six new communities with an estimated cost of $731.5 million. MAA declared its 117th consecutive quarterly dividend at a rate of $5.60 per share. For 2023, MAA updated its guidance for earnings and FFO.

MAA (NYSE: MAA) has announced that it will release its first quarter 2023 results on April 26, 2023, after market close. A conference call is scheduled for April 27, 2023, at 9:00 a.m. Central Time, where company officials will discuss performance and answer questions. Investors can access the live webcast through MAA's website.

The replay of the conference call will be available until May 11, 2023. MAA is a self-administered real estate investment trust focusing on the ownership and management of apartment communities mainly located in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.

Mid-America Apartment Communities (MAA) announced the appointment of Deborah H. Caplan to its Board of Directors, effective March 21, 2023. This appointment fills a vacancy left by a previous director's departure on December 31, 2022 and maintains the Board's size at twelve members. Caplan brings extensive expertise in human capital, workforce initiatives, and real estate, previously serving as Executive VP at NextEra Energy. Her appointment is expected to enhance MAA's oversight and support its ESG strategy. Caplan will also serve on the Compensation Committee, with her nomination for shareholder approval at the upcoming annual meeting.

MAA (NYSE: MAA), based in Germantown, TN, announced a quarterly dividend of $1.40 per share to be paid on April 28, 2023, for shareholders of record on April 14, 2023. This announcement comes ahead of MAA's earnings report, scheduled for April 26, 2023. MAA is a self-administered real estate investment trust (REIT), primarily focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S. The company aims to deliver strong investment performance, although dividends are subject to risks, including economic downturns and changes in interest rates.

Mid-America Apartment Communities, Inc. (NYSE: MAA) announced its participation in the 2023 Citi Global Property CEO Conference on March 7, 2023. The session will feature a company overview presented by H. Eric Bolton, Jr., the Chairman and CEO, followed by a live question-and-answer segment focusing on market conditions and MAA's guidance. The presentation is scheduled for 9:15 a.m. Eastern Time and will last approximately 35 minutes, accessible via MAA's investors page at www.maac.com. A replay will be available post-event.

Mid-America Apartment Communities (MAA) announced a quarterly dividend of $1.0625 per share on its 8.50% Series I Cumulative Redeemable Preferred Stock. This dividend is set to be distributed on March 31, 2023, to shareholders recorded by March 15, 2023. As a self-administered real estate investment trust (REIT) and member of the S&P 500, MAA focuses on delivering robust investment performance across U.S. apartment communities, mainly in the Southeast, Southwest, and Mid-Atlantic regions. Investors are encouraged to review MAA's official filings for potential risks linked to dividend payments, impacted by economic conditions and real estate taxes.