Profile
Sector:
Real EstateIndustry:
ResidentialCountry:
United StatesIPO:
28 January 1994Website:
http://www.maac.comNext earnings report:
N/ALast dividends:
15 October 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 23:40:44 GMTAnalysts recommendations
Institutional Ownership
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MAA Latest News
MAA's results for the third quarter show good demand and high average physical occupancy, even with a lot of new supply in its markets.
Mid-America Apartment Communities, Inc. (NYSE:MAA) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 10:00 AM ET. Key company executives, including the CEO and CFO, will be present, along with various analysts from major financial institutions. During the call, only the management team will speak initially, while all other participants will be in listen-only mode.
Mid-America Apartment Communities (MAA) reported quarterly funds from operations (FFO) of $2.21 per share, which is higher than the Zacks Consensus Estimate of $2.18 per share. This is a decrease compared to last year's FFO of $2.29 per share.
On October 30, 2024, Mid-America Apartment Communities, Inc. (MAA), listed on the NYSE as MAA, shared its operating results for the three-month period that ended on September 30, 2024.
MAA probably saw good demand, but the increasing number of rental units and high interest costs are worrying factors in the third quarter.
Prologis and Mid-America Apartment Communities are leading REITs known for their impressive history of increasing dividends.
The lack of available apartments across the country suggests that this type of investment may do well for a long time.
Mid-America Apartment REIT mainly targets fast-growing Sunbelt areas and is increasing its number of units significantly. However, these regions are facing a lot of new supply right now. While the stock has done well compared to its peers over time and has the lowest price-to-FFO among residential REITs in the S&P 500, management expects a drop in FFO per share for FY 24, so I recommend holding onto MAA stock.
Mid-America Apartment Communities understands how to generate profits for its investors.
These companies provide dividends that are both high and consistently increasing.
What type of business is Mid-America Apartment Communities?
Mid-America Apartment Communities, Inc. is a real estate investment trust that operates, acquires, and develops apartment communities. It operates through the "Same Store" communities, as well as "Non-Same Store" and "Other" segments. The Same Store Communities segment focuses on communities owned by the company that have stabilized for at least a full twelve months from the first day of the calendar year. The Non-Same Store and Other segment includes recent acquisitions, communities under development or lease-up, communities identified for disposal, and communities that have incurred significant losses due to accidents. The company was founded in 1994 and is headquartered in Memphis, Tennessee.
What sector is Mid-America Apartment Communities in?
Mid-America Apartment Communities is in the Real Estate sector
What industry is Mid-America Apartment Communities in?
Mid-America Apartment Communities is in the Residential industry
What country is Mid-America Apartment Communities from?
Mid-America Apartment Communities is headquartered in United States
When did Mid-America Apartment Communities go public?
Mid-America Apartment Communities initial public offering (IPO) was on 28 January 1994
What is Mid-America Apartment Communities website?
https://www.maac.com
Is Mid-America Apartment Communities in the S&P 500?
Yes, Mid-America Apartment Communities is included in the S&P 500 index
Is Mid-America Apartment Communities in the NASDAQ 100?
No, Mid-America Apartment Communities is not included in the NASDAQ 100 index
Is Mid-America Apartment Communities in the Dow Jones?
No, Mid-America Apartment Communities is not included in the Dow Jones index
When was Mid-America Apartment Communities the previous earnings report?
No data
When does Mid-America Apartment Communities earnings report?
Next earnings report date is not announced yet