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Mid-America Apartment Communities Inc

MAA

Equity

ISIN US59522J1034 / Valor 138867

New York Stock Exchange, Inc (2024-10-24)
USD 156.07-0.17%

Mid-America Apartment Communities Inc
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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

Latest 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 Source

Key figures

20.3%1Y
-22.7%3Y
14.6%5Y

Performance

22.5%1Y
23.7%3Y
29.0%5Y

Volatility

Market cap

17919 M

Market cap (USD)

Daily traded volume (Shares)

161,582

Daily traded volume (Shares)

1 day high/low

157.89 / 155.91

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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