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

Mid-America Apartment Communities, or MAA (NYSE: MAA), reported robust operating results for Q3 2022, with diluted earnings per share at $1.05 compared to $0.73 in 2021. Funds From Operations (FFO) per share rose to $2.19, from $1.85 last year. The Same Store Portfolio showed revenue growth of 14.6% and Net Operating Income (NOI) growth of 17.4%. MAA expanded its development pipeline and increased its revolving credit facility to $1.25 billion. The company declared its 115th consecutive quarterly dividend of $5.00 per share.

MAA (NYSE: MAA) announced the retirement of Thomas L. Grimes, Jr., Executive Vice President and COO, effective December 31, 2022. Grimes has been with MAA for over 20 years and has contributed significantly to its growth since its IPO in 1994. Amber Fairbanks has been promoted to Executive Vice President of Property Management, taking on new responsibilities, while Tim Argo will lead Asset Management operations. CEO Eric Bolton expressed confidence in the new leadership team's capability to maintain MAA's strong portfolio and growth potential across key markets.

MAA (NYSE: MAA) will release its third quarter 2022 results on October 26, 2022, after market close. A conference call to discuss the performance will take place on October 27, 2022, at 9:00 a.m. Central Time. Interested parties can join the call by dialing (877) 830-2598 for domestic or +1 (785) 424-1877 for international calls, with the Conference ID being MAA. A replay will be available until November 10, 2022, and a live webcast can be accessed on the Company's website.

MAA announced a quarterly dividend of $1.25 per share, payable on October 31, 2022, to shareholders of record by October 14, 2022. This declaration was made ahead of MAA's earnings announcement scheduled for October 26, 2022. As a self-administered real estate investment trust (REIT) and a member of the S&P 500, MAA is focused on apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S.

MAA (NYSE: MAA) will participate in the Bank of America 2022 Global Real Estate Conference on September 14, 2022, at approximately 2:10 p.m. Eastern Time. A live webcast will be available on MAA's website in the "Corporate Profile" section. The replay will be accessible within 24 hours after the event, until December 13, 2022. MAA is a self-administered real estate investment trust (REIT) focusing on apartment communities mainly in the Southeast, Southwest, and Mid-Atlantic 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 September 30, 2022, to shareholders of record as of September 15, 2022. The company operates as a self-administered REIT and is part of the S&P 500, focusing on apartment communities mainly in the Southeast, Southwest, and Mid-Atlantic U.S. regions.

Mid-America Apartment Communities (MAA) reported strong second-quarter 2022 results, with diluted earnings per share at $1.82, down from $1.88 in 2021. Funds from operations (FFO) per share remained steady at $1.82. Core FFO increased to $2.02 from $1.69 year-over-year. Same Store Portfolio revenue rose by 13.7%, while operating expenses grew by 8.1%, leading to a 17.1% increase in Net Operating Income (NOI). MAA declared its 114th consecutive quarterly dividend, increasing the annual rate by 15%. The company also amended its credit facility to enhance borrowing capacity to $1.25 billion.

MAA (NYSE: MAA) has announced that it will release its second quarter 2022 results on July 27, 2022, after market close. A conference call to discuss the results will take place on July 28, 2022, at 9:00 a.m. Central Time. Interested parties can join the call via a domestic number (877) 830-2598 or an international number +1 (785) 424-1877. The call will include a question-and-answer session. A replay will be available until August 11, 2022. Further details can be found on their website.

Mid-America Apartment Communities (NYSE: MAA) will present at the Nareit REIT Week: 2022 Investor Conference on June 7, 2022, from 9:30 a.m. ET to 10:00 a.m. ET. Chairman and CEO Eric Bolton, along with the senior management team, will lead the presentation. The event will be webcast live, and attendees can access the materials through MAA's website. MAA is a prominent real estate investment trust that operates primarily in the Southeast, Southwest, and Mid-Atlantic regions of the U.S., focusing on strong investment performance.