Mid-America Apartment CommunitiesNYSE: MAA

GERMANTOWN, Tenn. , July 3, 2024 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its second quarter 2024 results on Wednesday, July 31, 2024, after market close and will hold a conference call on Thursday, August 1, 2024, at 9:00 a.m.

In our last coverage, we suggested that investors could start averaging into MAA under $120.00. The Q1-2024 results showed a decline in adjusted FFO due to expenses rising faster than revenues. We tell you why we expect a lot more pain ahead for the FFO and give you our adjusted entry point.

Mid-America Apartment Communities operates as a real estate investment trust with a portfolio of high-quality apartment communities. MAA has seen a decline in price performance that aligns with interest rate hikes. As rates come back down, the price should recover. MAA's strategy focuses on the Sunbelt region, where population growth has increased demand for affordable housing, leading to higher occupancy rates and revenue growth.

Realty Income is a highly rated REIT with a strong balance sheet and access to capital, making it an attractive investment. Mid-America is another top-rated REIT with a solid balance sheet and a history of generating predictable earnings. Both Realty Income and Mid-America are considered extremely attractive based on valuation and offer strong potential returns.

GERMANTOWN, Tenn. , June 3, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc. (NYSE: MAA) ("MAA" or the "Company"), today announced that Chairman and CEO, Eric Bolton and Brad Hill, President and Chief Investment Officer, as well as other members of MAA's executive management team, will present at Nareit REIT Week: 2024 Investor Conference on Wednesday, June 5, 2024, from 8:45 a.m.

GERMANTOWN, Tenn. , June 3, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced a full quarterly dividend of $1.0625 per outstanding share of its 8.50% Series I Cumulative Redeemable Preferred Stock.

Mid-America Apartment Communities is a high-quality apartment REIT with a strong balance sheet and a history of dividend increases. Short to medium-term prospects for MAA are likely to be disappointing due to oversupply in the Sunbelt residential market. However, in the long-term, there is potential for a supply/demand mismatch and a recovery in occupancy and pricing power for MAA.

GERMANTOWN, Tenn. , May 21, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1.47 per share of common stock to be paid on July 31, 2024, to shareholders of record on July 15, 2024.

The family in charge of this REIT has consistently ensured that dividends are paid out over many years. You can rely on Truist's dividend.