Mid-America Apartment Communities Inc

MAA

Equity

ISIN null / Valor 138867

New York Stock Exchange, Inc (2025-11-21)

USD 133.61+2.09%

Mid-America Apartment Communities Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

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: Finance

Steady Occupancy Rates

During the fourth quarter of 2024, MAA’s Same Store Portfolio achieved an average physical occupancy of 95.6%, reflecting sustained demand for apartment housing across its portfolio.

Revenue and Earnings Performance

In Q4 2024, MAA reported a 0.2% decrease in Same Store Portfolio revenue and a 2.1% decline in Net Operating Income (NOI) compared to Q4 2023. Earnings per diluted common share were $1.42, slightly up from $1.37 the previous year.

Operational Expenses Increase

Property operating expenses for the Same Store Portfolio rose by 3.4% in the fourth quarter of 2024, contributing to the overall decrease in NOI.

Strategic Acquisitions and Dispositions

MAA acquired a 386-unit multifamily community in Dallas, Texas, and disposed of properties in Charlotte, North Carolina, and Richmond, Virginia, generating net proceeds of approximately $85 million and a gain of $55 million from asset sales.

Strong Financial Position

As of December 31, 2024, MAA maintained a solid balance sheet with a Net Debt/Adjusted EBITDAre ratio of 4.0x and $1.0 billion in combined cash and available capacity under its unsecured revolving credit facility.

Summarized from source with an LLMView Source

Key figures

-15.7%1Y

-16.4%3Y

5.89%5Y

Performance

21.2%1Y

21.7%3Y

22.2%5Y

Volatility