Art Wager/E+ via Getty Images Shares of Mid-America Apartment (NYSE:MAA) have rallied strongly of late as we have seen interest rates begin to decline and hopeful signs that pressures on apartment rental rates are nearing their end. I last covered Mid-America in March, rating shares a "buy," and since then, the stook has returned 31%, well alread of the market's 8% gain. I have viewed MAA's Sun Belt exposure as a long-term positive despite recent headwinds, but given the magnitude of the rally, now is a goo ...

Mid-America Apartment (MAA) is poised to benefit from its well-diversified Sun Belt-focused portfolio. The prospects of its redevelopment program and progress in technology measures are likely to drive margin expansion. A healthy balance sheet will support its growth endeavors despite an elevated supply of rental units and a high interest rate environment. Image Source: Mid-America Apartment Communities, Inc. What's Aiding MAA? Sunbelt-Focused Portfolio: MAA's portfolio is set to gain from healthy operating ...

GERMANTOWN, Tenn., Sept. 9, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced that members of MAA senior management will participate in a round table presentation at the BofA Securities 2024 Global Real Estate Conference. The presentation will take place on Wednesday, September 11, 2024, at approximately 2:15 p.m. Eastern Time. A live webcast of the company's presentation will be accessible through the "Corporate Profile" section of the "For Investors" page of ...

Shares of Mid-America Apartment (MAA) (also known as MAA) have rallied 13.6% year to date, outperforming the industry's growth of 9.3%. Last month, MAA reported second-quarter 2024 core funds from operations (FFO) per share of $2.22, which surpassed the Zacks Consensus Estimate of $2.20. Results reflected healthy demand despite elevated new supply and growth in the average effective rent per unit for the same-store portfolio. The company also experienced low levels of resident turnover. However, an increase ...

peeterv My previous article on Mid-America Apartment Communities, Inc. (NYSE:MAA) was issued right after the publication of its Q1 2024 earnings report. I indicated that MAA is still a clear buy despite short-term headwinds on the supply end. The overall idea was that the decreased construction starts, restrictive financing for households to buy new homes, and MAA's solid balance sheet should lead to a significant value creation as the current oversupply issue gets gradually resolved. Since the publication ...

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财务表现 - 公司在2024年6月30日结束的三个月内的利息费用为4,130万美元，较2023年6月30日结束的三个月增加450万美元，主要是由于平均未偿债务余额增加和实际利率上升23个基点[189] - 2024年6月30日结束的三个月内其他非经营费用(收入)为1,920万美元的费用，而2023年6月30日结束的三个月为1,700万美元的收入，减少3,620万美元，主要由于计提930万美元与MAA I系列优先股嵌入式衍生工具公允价值调整相关的非现金损失、800万美元计提的法律辩护费用以及110万美元的净意外相关费用[190] - 2024年6月30日结束的六个月内，公司实现归属于MAA普通股东的净收益2.439亿美元，同比下降12.8%，总收入增长2,590万美元，物业收入同比增长2.4%[191] - 2024年6月30日结束的六个月内,核心FFO为5.328亿美元,同比下降1,270万美元,主要由于物业运营费用(不含折旧和摊销)增加2,650万美元、利息费用增加760万美元和物业管理费用增加320万美元,部分被物业收入增加2,590万美元所抵消[206] 资产负债表 - 截至2024年6月30日和2023年12月31日,公司的总债务分别为47.01亿美元和45.40亿美元,净债务分别为46.38亿美元和44.99亿美元[212] - 公司2024年6月30日的净债务与Adjusted EBITDAre比率为3.7倍,2023年12月31日为3.6倍[213] - 公司于2024年6月30日有41亿美元的公开发行的无担保优先票据[231] - 公司有3.63亿美元的有担保房产抵押贷款[234] - 公司有1.25亿美元的无担保循环信贷额度,截至2024年6月30日未使用[229] - 公司有6.25亿美元的无担保商业票据计划,截至2024年6月30日有3.16亿美元借款[230] 现金流 - 公司2024年上半年经营活动产生的现金流为5.50亿美元,较2023年上半年减少450万美元,主要由于物业经营费用增加[220] - 公司2024年上半年投资活动使用的现金流为3.30亿美元,较2023年上半年增加3700万美元,主要由于收购活动增加[221] - 公司2024年上半年筹资活动使用的现金流为1.98亿美元,较2023年上半年增加3980万美元,主要由于商业票据净偿还增加和发行债券[223] 业务概况 - 公司拥有和运营291个公寓社区,并在建7个开发中社区[168] - 公司业务分为同店和非同店两个板块[169] - 公司预计2024年资本支出将与2023年相当,包括开发、改造和定期维修[241] - 公司预计2024年将以每股5.88美元的年化率支付季度股息[242] - 公司的大部分租赁合同期限为1年或更短,可以在续租时调整租金,有助于抵御通胀[244] - 公司93.3%的债务为固定利率,有利于降低利率波动风险[246]

Mid-America Apartment Communities, Inc. (NYSE:MAA) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Andrew Schaeffer - SVP, Treasurer & Director, Capital Markets Eric Bolton - Chairman & CEO Brad Hill - President & CIO Tim Argo - EVP, Chief Strategy & Analysis Officer Clay Holder - EVP & CFO Rob DelPriore - EVP, CAO & General Counsel Joe Fracchia - EVP, Chief Technology & Innovation Officer Conference Call Participants Eric Wolfe - Citi Nick Yulico - Scotiabank Josh Dennerlei ...

Mid-America Apartment Communities (MAA) , which is commonly known as "MAA", reported secondquarter 2024 core funds from operations (FFO) per share of $2.22, which surpassed the Zacks Consensus Estimate of $2.20. However, the reported figure fell 2.6% year over year from $2.28. Results reflect healthy demand despite elevated new supply and growth in the average effective rent per unit for the same-store portfolio. The company also experienced low levels of resident turnover. However, an increase in operating ...

Mid-America Apartment Communities (MAA) reported $546.44 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 2.1%. EPS of $2.22 for the same period compares to $1.24 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $544.91 million, representing a surprise of +0.28%. The company delivered an EPS surprise of +0.91%, with the consensus EPS estimate being $2.20. While investors closely watch year-over-year changes in headline numbers -- reven ...