MAA's Sunbelt focus, smart upgrades and strong balance sheet drive growth, but rent gains face supply and rate headwinds.
GERMANTOWN, Tenn. , May 20, 2025 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that its board of directors approved a quarterly dividend payment of $1.5150 per share of common stock to be paid on July 31, 2025, to shareholders of record on July 15, 2025.
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. (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.
MAA's Q1 results reflect healthy demand and an occupancy rise. The company witnesses low levels of resident turnover.
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.
GERMANTOWN, Tenn. , April 30, 2025 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the three months ended March 31, 2025.
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, 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.
Mid-America Apartment Communities (MAA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase in the near term.
GERMANTOWN, Tenn. , April 2, 2025 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its first quarter 2025 results on Wednesday, April 30, 2025, after market close and will hold a conference call on Thursday, May 1, 2025, at 9:00 a.m.
MAA is positioned to gain from healthy operating fundamentals, redevelopment moves and a solid balance sheet despite supply woes and high interest expenses.