Mid-America Apartment Communities, Inc. offers a compelling opportunity for income investors at a discounted valuation, trading near its 52-week low. MAA benefits from record-low tenant turnover, improving occupancy, and strong ROI from renovations. MAA's A- credit rating, low leverage, and a well-covered 4.6% dividend yield enhance its investment appeal.
Mid-America Apartment Communities, Inc. ( MAA ) Q3 2025 Earnings Call October 30, 2025 10:00 AM EDT Company Participants Andrew Schaeffer - Senior VP, Treasurer & Director of Capital Markets Brad Hill - CEO, President & Director Tim Argo - Executive VP and Chief Strategy & Analysis Officer A. Holder - Executive VP & Chief Financial Officer Robert DelPriore - Executive VP, Chief Administrative Officer & General Counsel Conference Call Participants Eric Wolfe - Citigroup Inc., Research Division James Feldman - Wells Fargo Securities, LLC, Research Division Adam Kramer - Morgan Stanley, Research Division Steve Sakwa - Evercore ISI Institutional Equities, Research Division Jana Galan - BofA Securities, Research Division Austin Wurschmidt - KeyBanc Capital Markets Inc., Research Division Nicholas Yulico - Scotiabank Global Banking and Markets, Research Division Ami Probandt - UBS Investment Bank, Research Division Haendel St. Juste - Mizuho Securities USA LLC, Research Division Brad Heffern - RBC Capital Markets, Research Division Connor Mitchell - Piper Sandler & Co., Research Division Richard Hightower - Barclays Bank PLC, Research Division Wesley Golladay - Robert W.
MAA's Q3 results highlight a slight FFO miss and softer same-store revenues, but low resident turnover and active development plans support stability.
| REIT - Residential Industry | Real Estate Sector | Adrian Bradley Hill CEO | XSTU Exchange | US59522J1034 ISIN |
| US Country | 2,532 Employees | 15 Oct 2025 Last Dividend | - Last Split | 28 Jan 1994 IPO Date |
MAA, an esteemed S&P 500 entity, exemplifies a premier investment vehicle in the real estate domain by operating as a real estate investment trust (REIT). Distinctive for its dedicated focus towards delivering unparalleled investment performance throughout full market cycles, MAA accomplishes this by skillfully owning, managing, acquiring, developing, and redeveloping high-quality apartment communities. The company's geographical footprint predominantly spans the Southeast, Southwest, and Mid-Atlantic regions of the United States, reflecting a strategic presence in areas anticipated to exhibit substantial growth and investment return. As of the end of December 2023, MAA's extensive portfolio includes an ownership interest in 102,662 apartment units. These units spread across diverse communities, some of which are currently under development, covering 16 states alongside the District of Columbia. This wide-reaching operation underscores MAA’s robust commitment to expanding its real estate portfolio while ensuring the generation of significant value for its shareholders.
MAA holds a significant ownership interest in a broad array of apartment communities. This foundational aspect of their business model facilitates the creation of value through the strategic selection of properties in high-growth areas. By maintaining and enhancing these properties, MAA aims to ensure long-term revenue generation and asset appreciation.
Comprehensive management services are a cornerstone of MAA's offering, encompassing all aspects of property operations. This includes tenant relations, property maintenance, and financial management. By applying expert oversight and employing industry best practices, MAA strives to maximize the performance and value of each community under its stewardship.
MAA aggressively pursues the acquisition of quality apartment communities that align with its strategic objectives. This involves a meticulous screening process to identify properties that offer potential for high yields and growth. Acquisition strategies are designed to expand MAA's geographic footprint and enhance its portfolio diversity.
The company engages in the development of new apartment communities and the redevelopment of existing ones, aiming to respond to market demand and trends. Development projects focus on constructing high-quality, amenity-rich apartment homes in desirable locations, while redevelopment efforts seek to refresh and upgrade older communities to boost their market competitiveness and appeal.