UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-12762 (Mid-America Apartment Communities, Inc.) Commission File Number: 333-190028-01 (Mid-America Apartments, L.P.) MID-AME ...

财务数据和关键指标变化 - 公司报告了第一季度核心FFO为每股2.22美元,超过指导中值0.02美元 [50] - 同店收入增长1.4%,与预期基本一致 [38] - 同店运营开支略高于指导,主要由于一次性物业成本 [51] 各条业务线数据和关键指标变化 - 新租赁价格同比下降6.2%,续租价格同比上涨5% [35][37] - 整体租赁价格同比下降0.6%,较上季度改善100个基点 [37] - 平均实际入住率95.3%,租金回收率99.6% [38] - 完成近1,100套单元升级,已完成94,000套智能家居升级 [40] 各个市场数据和关键指标变化 - 华盛顿特区和休斯顿等大市场表现良好,纳什维尔有所改善 [38] - 萨凡纳、里士满、查尔斯顿和格林维尔等中型市场表现优于整体 [38] - 奥斯汀和杰克逊维尔受新供给影响较大 [39] 公司战略和发展方向及行业竞争 - 公司继续推进开发项目,新增两个开发项目,预计2026年中交付首批单元 [21][22] - 公司正在评估更多自主开发和预购开发机会,以把握未来供给下降时的强劲需求 [29][30] - 公司认为未来几年行业供给将低于历史平均水平,加上区域内强劲需求,看好未来几年的租赁市场 [70][71] 管理层对经营环境和未来前景的评论 - 公司对进入旺季的定位感到乐观,认为需求足以吸收新供给 [10][12][13] - 公司认为新供给压力将持续到2024年,但到2025年初租赁环境有望快速改善 [44] - 公司对长期发展前景保持乐观,看好高增长市场的长期吸引力 [17] 问答环节重要的提问和回答 问题1 **Austin Wurschmidt 提问** 询问公司在未来几个月的运营策略,以及新租赁和续租价格的变化预期 [58][59] **Tim Argo 回答** 公司将根据各物业的入住率和空置情况,在新租赁和续租价格之间寻求平衡。预计续租价格将占比更高 [59][60][61] 问题2 **Brad Heffern 提问** 询问4月租赁价格改善幅度低于预期的原因 [65][66] **Tim Argo 回答** 4月租赁需求和成交量有所改善,但由于第一季度成交量较低,短期内仍有波动 [66][67] 问题3 **Eric Wolfe 提问** 询问公司全年租赁价格增长的预期和时间点 [94][95][97] **Tim Argo 回答** 第二、三季度是旺季,新租赁和续租价格增长将更强。全年增长预计在1.7%-1.8%左右 [97][98]

Mid-America Apartment Communities (MAA) reported first-quarter 2024 core funds from operations (FFO) per share of $2.22, which missed the Zacks Consensus Estimate of $2.23. Moreover, the reported figure fell 2.6% year over year from $2.28.Although this residential REIT experienced growth in the average effective rent per unit for the same-store portfolio, its quarterly results reflect a fall in the occupancy level and high supply across its markets. The company also experienced an increase in operating expe ...

Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.22 per share, missing the Zacks Consensus Estimate of $2.23 per share. This compares to FFO of $2.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -0.45%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.30 per share when it actually produced FFO of $2.32, delivering a surprise of 0.87%.Over ...

Exhibit 99.2 PORTFOLIO STATISTICS TOTAL MULTIFAMILY PORTFOLIO AT MARCH 31, 2024 (1) In apartment units Total Development Same Non-Same Completed Units Store Store Lease-up Communities Delivered Total Atlanta, GA 11,434 — 340 11,774 — 11,774 Dallas, TX 10,116 — — 10,116 — 10,116 Austin, TX 6,829 350 — 7,179 — 7,179 Charlotte, NC 5,651 560 352 6,563 — 6,563 Orlando, FL 5,643 264 — 5,907 — 5,907 Tampa, FL 5,416 — — 5,416 — 5,416 Raleigh/Durham, NC 5,350 — — 5,350 — 5,350 Houston, TX 5,175 — — 5,175 — 5,175 Nas ...

GERMANTOWN, Tenn., May 1, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended March 31, 2024. First Quarter 2024 Operating Results Three months ended March 31, 2024 2023 Earnings per common share - diluted $ 1.22 $ 1.16 Funds from operations (FFO) per Share - diluted $ 2.41 $ 2.31 <br ...

The upcoming report from Mid-America Apartment Communities (MAA) is expected to reveal quarterly earnings of $2.23 per share, indicating a decline of 2.2% compared to the year-ago period. Analysts forecast revenues of $542.72 million, representing an increase of 2.6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial esti ...

Mid-America Apartment Communities (MAA) — commonly known as MAA — is a real estate investment trust (REIT) that focuses on owning, operating and acquiring apartment communities throughout the southeast, southwest and mid-Atlantic regions of the United States. MAA is slated to report first-quarter 2024 results on May 1 after market close.The Germantown, TN-based residential REIT delivered a surprise of 0.87% in terms of core FFO per share in the last reported quarter. Its quarterly results were driven by an ...

Austin Texas cityscape skyline dszc/E+ via Getty Images On our last update on Mid-America Apartment Communities, Inc. (NYSE:MAA), we looked at the fundamentals and concluded that there was some more pain to be priced in on the funds from operations (FFO) estimates. But we think there will be more pain in that area and we expect 2025 estimates to ultimately move well below $9.00 per share. This does not make MAA a bad choice for longer-term investors. It just means that there are risks here and those risks ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number 001-12762 (Mid-America Apartment Communities, Inc.) Commission File Number 333-190028-01 (Mid-America Apartments, ...