Mid-America Apartment Communities Stock Analysis and Insights

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Mid-America Apartment Communities is a real estate investment trust (REIT) that owns and operates high-quality apartment communities in the United States. They have a strong presence in the Mid-Atlantic and Southeast regions.

Their portfolio consists of 102 properties and over 42,000 apartment homes, providing a stable source of income for investors.

The company has a long history of delivering strong financial performance, with a proven track record of increasing revenue and net operating income (NOI) over the years.

Company Overview

Mid-America Apartment Communities is a leading multifamily real estate investment trust (REIT) based in Little Rock, Arkansas. They were founded in 1993.

Their portfolio consists of high-quality apartment communities in the Sun Belt region of the United States. This region includes the Southeast, Southwest, and West Coast.

Company Info

Mid-America Apartment Communities is a real estate investment trust that operates through two main segments: Same Store Communities and Non-Same Store and Other.

The company focuses on communities it has owned, which makes up its Same Store Communities segment.

It was founded in 1994, giving it a solid foundation in the industry.

The company is headquartered in Germantown, TN, a location that likely provides access to resources and expertise.

Management

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Credit: pexels.com, A colorful and dynamic facade of modern apartments in Barcelona, Spain.

The management team at Mid-America Apartment Communities is a diverse group of experienced professionals. They oversee the day-to-day operations of the company and make key decisions to drive growth and success.

At the top of the management team is H. Eric Bolton, who serves as the Chairman and Chief Executive Officer. He has a wealth of experience in the industry and is well-equipped to lead the company forward.

The company also has a strong leadership team, including David Herring, who serves as the Chief Accounting Officer and Senior Vice President. He is responsible for overseeing the company's financial operations and ensuring that they are running smoothly.

Other key members of the management team include Robert J. DelPriore, Chief Administrative Officer and Executive VP, and Clay A. Holder, Chief Financial Officer and Executive Vice President. They work together to make strategic decisions and drive the company's growth.

Here are some key members of the management team:

The company also has a number of independent directors who provide guidance and oversight to the management team. These directors include Alan B. Graf, who serves as the Lead Independent Director, and Edith Kelly-Green, who is also an independent director.

Financial Performance

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Credit: pexels.com, Black and white photo of a city street with apartment buildings and parked cars.

Mid-America Apartment Communities has a strong financial foundation, with a revenue growth projected to reach $2,237 million by 2025. This is according to estimates from 19 analysts, with an average estimate of $2,237 million.

The company's dividend yield is expected to increase, reaching 4.47% by 2028. This is a significant increase from the current yield of 4.11%. The dividend itself is expected to grow to $6.72 per share by 2028.

Here are some key financial metrics for Mid-America Apartment Communities:

Return vs. S&P

Let's take a closer look at how Mid-America Apartment Communities (MAA) stacks up against the S&P in terms of return. Over the past 5 years, MAA's annualized return was 5.01%, while the S&P's was 12.58%.

MAA's 1-year return was a respectable +30.81%, outpacing the S&P's +22.29%. However, over the long-term, the S&P has been the clear winner, with a 5-year return of +80.91% compared to MAA's +27.70%.

Here's a quick comparison of MAA and S&P returns over different time periods:

Overall, while MAA has had some impressive returns, the S&P has been the clear winner over the long-term.

Q3 Revenue Up, EPS Down

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Mid-America Apartment Communities' Q3 revenue rose above expectations, but earnings per share (EPS) fell short of predictions. The company's revenue exceeded expectations, but it missed earnings estimates.

The company's Q3 revenue was not explicitly stated in the article, but we can see that the average revenue estimate for 2025 is $2,237 USD, based on 19 analyst estimates. This suggests that the company's revenue is on track to meet or exceed this estimate.

However, the company's EPS fell short of expectations, with an average estimate of $3.945 USD for 2025. This is lower than the company's actual EPS for 2024, which was not explicitly stated in the article, but we can see that the average EPS estimate for 2025 is $4.243 USD, based on 8 analyst estimates.

Here's a summary of the company's Q3 performance:

Note that the actual Q3 2024 revenue and EPS are not explicitly stated in the article, so we cannot compare them directly to the Q3 2025 estimates. However, we can see that the Q3 2025 estimates are based on a larger number of analyst estimates (19) compared to Q3 2024 (not stated).

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Earnings Calls

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Credit: pexels.com, Strong and diverse group of women stand confidently in front of a modern apartment building.

Mid-America Apartment Communities regularly releases earnings calls to share financial updates with investors. These calls cover the company's performance over specific periods.

For Q3 2021, the period ending September 30, 2021, MAA reported on its financials. The company's Q2 2021 earnings call, for the period ending June 30, 2021, provided insight into MAA's second-quarter performance. MAA's Q1 2021 earnings call, for the period ending March 31, 2021, offered a look at the company's first-quarter results.

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Q3 2021 Earnings Call Transcript

Earnings calls are a crucial part of a company's financial reporting, and they're typically held quarterly.

Mid-America Apartment Communities, inc (MAA) is one company that has held earnings calls for its quarterly results.

For the period ending September 30, 2021, MAA's Q3 2021 Earnings Call Transcript is a publicly available document that provides insights into the company's financial performance.

The transcript for this period is a 62-page document that outlines the company's financial results, operational highlights, and forward-looking statements.

During the Q3 2021 earnings call, MAA's management team discussed the company's financial performance, including its revenue and net income.

Q1 2021 Earnings Call Transcript

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Credit: pexels.com, Interior of modern apartment with stylish furniture and big windows

Mid-America Apartment Communities Inc (MAA) held its Q1 2021 Earnings Call for the period ending March 31, 2021.

The transcript of the earnings call is a valuable resource for investors and analysts. It provides a detailed account of the company's financial performance and management's discussion of the results.

The Q1 2021 Earnings Call Transcript for MAA is available for review, offering insights into the company's revenue and earnings. MAA's Q1 2021 Earnings Call was a key event for investors, as it provided an update on the company's financial performance.

In Q1 2021, MAA's revenue exceeded expectations, but the company missed earnings estimates. This information can be found in the Q1 2021 Earnings Call Transcript for MAA.

Investors and analysts often closely follow earnings calls, as they provide a snapshot of a company's financial health and management's outlook. The Q1 2021 Earnings Call Transcript for MAA is a valuable resource for those interested in the company's performance.

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Investment and Dividends

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Mid-America Apartment Communities has a history of paying consistent dividends to its shareholders. The company has been paying dividends since at least 2009.

The dividend payout has been steadily increasing over the years, with a notable exception in 2013 when the dividend was $2.82. In 2009, the company paid a dividend of $2.46.

Here's a breakdown of the company's dividend payments from 2009 to 2023:

The dividend yield, which is the ratio of the dividend payment to the stock's price, has been relatively stable over the years, ranging from 1.81% in 2021 to 4.63% in 2013.

Buy This High-Yield REIT for the Next Decade

If you're looking for a reliable investment that can provide a steady income stream, consider a high-yield REIT like Mid-America Apartment Communities.

A shortage of apartments nationwide means this stock could perform well far into the future.

Investing in a REIT like Mid-America Apartment Communities can provide a steady income stream through rental income.

Mid-America Apartment Communities knows how to make money for its investors.

This company has a proven track record of generating returns for its investors.

Additional reading: Realty Income Corporation O

Dividend Calendar

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If you're looking to invest in dividend-paying stocks, it's essential to have a solid understanding of the dividend calendar. The dividend calendar for Mid-America Apartment Communities IncShs shows a consistent payout pattern.

The dividend payout for Mid-America Apartment Communities IncShs has been steadily increasing over the years. In 2023, the dividend payout was 5.67 USD, with a yield of 4.22%.

Here's a breakdown of the dividend payouts for Mid-America Apartment Communities IncShs over the past few years:

By examining the dividend calendar, you can plan your investments and make informed decisions about when to buy and sell stocks.

Sales and Geography

Mid-America Apartment Communities has seen significant growth in their sales over the years. In 2022, their same-store sales reached $1.92 billion, up from $1.7 billion in 2021.

Their sales have been steadily increasing, with a notable jump from 2020 to 2021, reaching $1.7 billion. This growth is a testament to the company's strong market presence.

Here's a breakdown of their sales by activity:

Their geographical breakdown shows that the majority of their sales come from the United States. In 2022, their sales from the United States reached $2.02 billion.

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Strong Rents and Occupancy in Q2

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Mid-America Apartment Communities (MAA) saw a significant boost in the second quarter of 2021, thanks to strong rents and occupancy rates.

Rents played a crucial role in lifting MAA's performance, with occupancy rates also reaching impressive levels.

Carl Icahn, a well-known investor, and his firms, Icahn Capital LP and Appaloosa Management LP, took notice of MAA's Q2 success.

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Sales by Activity

Sales by Activity is a crucial aspect of Mid-America Apartment Communities, Inc.'s financial performance. The company's sales have been steadily increasing over the years.

Let's take a closer look at the sales figures for same-store and non-same-store activities. In 2020, the same-store sales reached $1.58 billion. This figure increased to $1.7 billion in 2021 and further rose to $1.92 billion in 2022.

The growth in same-store sales is impressive, but it's worth noting that the non-same-store and other sales have also shown an upward trend. In 2020, non-same-store and other sales stood at $101 million. This figure decreased slightly to $75.34 million in 2021 but then rose to $95.16 million in 2022.

Here's a breakdown of the sales figures for same-store and non-same-store activities over the years:

The sales figures indicate a consistent growth in same-store sales, while non-same-store and other sales have shown fluctuations.

Events and Calendar

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Credit: pexels.com, High-angle drone shot of a modern apartment complex with a swimming pool in South Tangerang, Indonesia.

Mid-America Apartment Communities has a few notable events on their calendar. They are expected to release their Q4 2024 Earnings Report on February 5, 2025, with an estimated value of $1.014 USD.

You can find the exact dates of their upcoming earnings reports in the table below:

Past Events

The Past Events section of Mid-America Apartment Communities' calendar is a treasure trove of information.

The company has a history of releasing earnings reports on a quarterly basis, with the first report of the year typically coming out in April. For example, the Q1 2023 Earnings Release was announced on April 26, 2023.

The company's earnings reports have seen a significant fluctuation in earnings per share (EPS) over the years. In Q2 2022, the EPS was a record-high 1.820 USD.

Here's a breakdown of the company's earnings reports over the past few years:

Annual General Meetings (AGMs) are also an important part of the company's calendar, with the most recent one taking place on May 17, 2022.

Calendar

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Credit: pexels.com, A sunny view of a modern apartment building facade in Voorburg, Netherlands.

Let's take a look at the calendar for Mid-America Apartment Communities. Their Q4 2024 Earnings Release is scheduled for February 5th, 2025.

The estimated earnings for Q4 2024 is $1.014 USD. It's worth noting that this is a significant release, and investors will likely be keeping a close eye on it.

Here is a list of upcoming earnings releases for Mid-America Apartment Communities:

It's always a good idea to stay up-to-date on these releases, as they can have a significant impact on the company's stock price.

Strategic Moves

Mid-America Apartment Communities, Inc. has made a strategic financial move to strengthen its capital structure by issuing and selling $350 million in aggregate principal amount of 4.950% Senior Notes due 2035.

These notes will bear an interest rate of 4.950% per annum, with interest payments scheduled semi-annually on March 1 and September 1, starting from September 1, 2025.

The Operating Partnership retains the option to redeem the notes prior to their maturity, which can be done in whole or in part before December 1, 2034, subject to a "make-whole" premium plus accrued interest.

After December 1, 2034, the notes can be redeemed at a price equal to 100% of the principal amount, plus any accrued interest.

In the event of a default, the obligations under these notes may be accelerated, making the entire principal amount immediately due and payable.

Frequently Asked Questions

Who owns Mid-America apartment communities?

Vanguard is the largest shareholder of Mid-America Apartment Communities (MAA). Vanguard holds the most shares of MAA.

What does Mid-America Apartment Community, Inc. do?

Mid-America Apartment Community, Inc. specializes in providing high-quality apartment living experiences in the Southeast, Southwest, and Mid-Atlantic regions of the US. They focus on delivering exceptional residential experiences to their residents.

How many communities does Maa own?

Maa owns 300 apartment communities. This extensive portfolio makes Maa the largest owner of apartments in the United States.

Aaron Osinski

Writer

Aaron Osinski is a versatile writer with a passion for crafting engaging content across various topics. With a keen eye for detail and a knack for storytelling, he has established himself as a reliable voice in the online publishing world. Aaron's areas of expertise include financial journalism, with a focus on personal finance and consumer advocacy.

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