Mid-America Apartment Communities Inc
MAA
ISIN US59522J1034 / Valor 138867
Mid-America Apartment Communities Inc
UMushroom community rating:
About company
Mid-America Apartment Communities Inc is a real estate investment trust that focuses on acquiring, owning, and managing apartment communities in the southeastern and southwestern United States.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (14.08.2024):
Revenue Growth
Mid-America Apartment Communities Inc. reported a 0.7% growth in revenues for its Same Store Portfolio during the second quarter of 2024 compared to the same period in the prior year. This growth was accompanied by a 0.5% increase in Average Effective Rent per Unit.
Net Operating Income
For the second quarter of 2024, Mid-America Apartment Communities Inc. experienced a 1.0% decrease in Net Operating Income (NOI) for its Same Store Portfolio compared to the same period in the previous year. This was due to a 3.7% increase in property operating expenses.
Acquisition Activity
In May 2024, Mid-America Apartment Communities Inc. acquired a newly built 306-unit multifamily apartment community in Raleigh, North Carolina. This acquisition is part of the company's strategy to expand its portfolio in high-demand markets.
Development Projects
As of the end of the second quarter of 2024, Mid-America Apartment Communities Inc. had seven communities under development, totaling 2,617 units. The projected total cost for these developments is $866.3 million, with $328.3 million remaining to be funded.
Balance Sheet Strength
Mid-America Apartment Communities Inc. maintained a strong balance sheet with a Net Debt/Adjusted EBITDAre ratio of 3.7x and $1.0 billion of combined cash and available capacity under its unsecured revolving credit facility as of June 30, 2024.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
17919 M
Market cap (USD)
161,582
Daily traded volume (Shares)
157.89 / 155.91
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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