Mid-America Apartment Communities, Inc. (MAA) Q2 2025 Earnings Call Transcript
Mid-America Apartment Communities, Inc. (NYSE:MAA ) Q2 2025 Earnings Conference Call July 31, 2025 10:00 AM ET Company Participants A. Clay Holder - Executive VP & Chief Financial Officer Adrian Bradley Hill - CEO, President & Director Andrew Schaeffer - Senior VP, Treasurer & Director of Capital Markets Timothy P.
Compared to Estimates, Mid-America Apartment Communities (MAA) Q2 Earnings: A Look at Key Metrics
The headline numbers for Mid-America Apartment Communities (MAA) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Mid-America Apartment Communities (MAA) Beats Q2 FFO Estimates
Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.15 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to FFO of $2.22 per share a year ago.
What's in Store for Mid-America Apartment Stock in Q2 Earnings?
MAA's Q2 results are likely to reflect steady Sunbelt demand but face headwinds from rent cuts and higher borrowing costs.
Mid-America Apartment: Valuation Improves Enough For An Upgrade
We had previously rated MAA a Sell due to fundamental deterioration and high upcoming apartment deliveries in the Sunbelt region. Q1-2025 results showed core FFO beat estimates, but overall metrics declined year-over-year. Our key concern remains expenses rising faster than revenues.
Should You Retain Mid-America Stock in Your Portfolio Now?
MAA's Sunbelt focus, smart upgrades and strong balance sheet drive growth, but rent gains face supply and rate headwinds.
Preferred Stocks To Sell (Part 4): Mid-America Apartment Communities' MAA.PR.I
Mid-America Apartment Communities, Inc.'s 8.50% Series I Cumulative Redeemable Preferred Shares are overvalued, with a current yield of 7.69% and yield to call of 1.49%. MAA-I is likely to be redeemed early due to its high embedded call option value, making it a strong sell candidate. MAA's solid financials and strong credit ratings suggest the company can refinance MAA-I at a lower cost, reducing the attractiveness of holding the preferred shares.
Mid-America Apartment Communities, Inc. (MAA) Q1 2025 Earnings Call Transcript
Mid-America Apartment Communities, Inc. (NYSE:MAA ) Q1 2025 Earnings Conference Call May 1, 2025 10:00 AM ET Company Participants Andrew Schaeffer - SVP, Treasurer and Director, Capital Markets Brad Hill - President and CEO Tim Argo - EVP and, Chief Strategy and Analysis Officer Clay Holder - EVP and CFO Conference Call Participants Eric Wolfe - Citigroup Daniel Tricarico - Scotiabank Cooper Clark - Wells Fargo Jana Galan - Bank of America Adam Kramer - Morgan Stanley Michael Goldsmith - UBS Julien Blouin - Goldman Sachs John Kim - BMO Capital Markets Wes Golladay - Baird Alexander Goldfarb - Piper Sandler Rob Stevenson - Janney Montgomery Scott Ann Chan - Green Street Doug Horne - Raymond James Alex Kim - Zelman & Associates Brad Heffern - RBC Capital Markets Operator Good morning, ladies and gentlemen, and welcome to the MAA First Quarter 2025 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode.
Mid-America Apartment's Q1 FFO Beats Estimates, Occupancy Rises
MAA's Q1 results reflect healthy demand and an occupancy rise. The company witnesses low levels of resident turnover.
Mid-America Apartment Communities (MAA) Q1 FFO Beat Estimates
Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.20 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to FFO of $2.22 per share a year ago.
What's in Store for Mid-America Apartment Stock in Q1 Earnings?
While MAA is likely to have experienced decent demand, the elevated supply of rental units and high interest expenses are concerns in Q1.
Mid-America Apartment Communities: Consistent Growth Of Income
Mid-America Apartment Communities, Inc. is a residential multifamily REIT, ideal for growth and income. MAA boasts consistent dividend growth, strong management, and optimal asset locations, with a 26-year history of consecutive dividend payouts. MAA's investment grade rating (A3/A-) and low net debt (4.0X EBITDAre) enhance its competitive edge in acquiring prime properties and delivering superior long-term returns.
