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Mid-America Apartment Communities Inc. (MAA)

- NYSE
  • Wed, Jan. 14, 7:34 AM
    | Wed, Jan. 14, 7:34 AM | 2 Comments
  • Mon, Jan. 12, 9:46 AM
    • Two apartment players get upgrades to Buy from Neutral: AvalonBay (AVB +0.9%) and Mid-America Apartment Communities (MAA +1%). Also getting an upgrade to Buy thanks to its NYC exposure is SL Green Realty (SLG +1%).
    • Downgraded to Underperform from Hold are Government Properties Trust (GOV -0.9%) and Digital Realty Trust (DLR -0.1%).
    | Mon, Jan. 12, 9:46 AM | Comment!
  • Wed, Jan. 7, 9:42 AM
    | Wed, Jan. 7, 9:42 AM | Comment!
  • Dec. 16, 2014, 10:49 AM
    • National annual effective rent growth of 4.7% in November is the strongest result since August 2011, reports Axiometrics.
    • Axiometrics' Jay Denton: "The combination of an improving job market, and a growing percentage of the population that prefers renting to owning, continues to boost apartment demand."
    • Year-to-date rent growth of 5% makes 2014 the strongest post-recession year. 2010 was the previous high at 4.6%.
    • The occupancy rate continued a seasonal decline, but at 94.8% it's the strongest November read since Axiometrics started reporting monthly in 2008.
    • Source: Press release
    • Interested parties: EQR, AVB, ESS, PPS, UDR, AIV, CPT, HME, MAA, TSRE, AEC, IRET
    | Dec. 16, 2014, 10:49 AM | 3 Comments
  • Dec. 11, 2014, 8:02 AM
    • KeyBanc rings the register on its Buy call on Aimco (NYSE:AIV), downgrading to Hold from Buy. The stock's higher by more than 40% this year. Mid-America Apartment (NYSE:MAA), however, rates an upgrade to Buy from Hold after a 20%+ run higher year-to-date.
    • AIV -1.5% premarket
    | Dec. 11, 2014, 8:02 AM | Comment!
  • Dec. 3, 2014, 4:42 PM
    • MAA (NYSE:MAA) declares $0.77/share quarterly dividend, 5.5% increase from prior dividend of $0.73.
    • Forward yield 4.26%
    • Payable Jan 30; for shareholders of record Jan 15; ex-div Jan 13.
    | Dec. 3, 2014, 4:42 PM | Comment!
  • Nov. 24, 2014, 2:40 PM
    • Expected rent growth of 3.9% in 2015 is a bit slower than this year's 4%, according to the NAR, but it's still about 200 basis points higher than inflation.
    • Though anticipated to edge upward, vacancy rates will still be scraping bottom - 4.1% in 2015 and 4.2% in 2015 vs. 4% this year. When vacancy rates are below 5%, it's considered a "landlord's market" in which property owners can continue to hike rents, says the NAR.
    • Apartment REITs: Equity Residential (NYSE:EQR), AvalonBay (NYSE:AVB), Essex Property Trust (NYSE:ESS), Post Properties (NYSE:PPS), UDR, Aimco (NYSE:AIV), Camden Property Trust (NYSE:CPT), Home Properties (NYSE:HME), Mid-America Apartment Communities (NYSE:MAA).
    | Nov. 24, 2014, 2:40 PM | Comment!
  • Oct. 29, 2014, 5:05 PM
    • Mid America Apartment Communities (NYSE:MAA): Q3 FFO of $1.28 beats by $0.07.
    • Revenue of $248.7M (+83.9% Y/Y) beats by $1.4M.
    • Press Release
    | Oct. 29, 2014, 5:05 PM | Comment!
  • Oct. 14, 2014, 3:10 PM
    • The vacancy rate ticked higher to 4.2% in Q3 from 4.1 a quarter earlier - not much of a move, but the first increase in almost five years, according to REIS. Another survey - this one from MPF Research - says vacancy fell to 4.3% from 4.4% across the country's top 100 markets.
    • Where the two reports both agree, however, is that there were significant construction deliveries during Q3 and a full pipeline of new construction going forward, suggesting neither vacancies nor rents have a lot of room improvement.
    • The potential weakening fundamentals come as apartment REITs have been this year's top-performing REIT sectors (make that any sector) with a total return of 23.65% YTD. Can the outperformance continue?
    • Names of interest are almost all having a big day today as interest rates continue to fall. One suspects that as long as rates stay low and first-time homebuyers or those with less-than-perfect credit have trouble getting mortgages, the apartment REITs might still get a bid: EQR, AVB, ESS, PPS, UDR, AIV, CPT, HME, MAA, AEC, IRET, TSRE
    | Oct. 14, 2014, 3:10 PM | 3 Comments
  • Sep. 11, 2014, 4:22 PM
    • MAA (NYSE:MAA) declares $0.73/share quarterly dividend, in line with previous.
    • Forward yield 4.12%
    • Payable Oct. 31; for shareholders of record Oct. 15; ex-div Oct. 13.
    | Sep. 11, 2014, 4:22 PM | Comment!
  • Aug. 25, 2014, 10:59 AM
    • Started with Buys are Mid-America Apartment Communities (MAA -0.1%), and Camden Property Trust (CPT), and initiated at Neutral are Home Properties (HME -0.4%), and UDR (UDR).
    | Aug. 25, 2014, 10:59 AM | Comment!
  • Aug. 20, 2014, 3:35 PM
    | Aug. 20, 2014, 3:35 PM | 4 Comments
  • Aug. 20, 2014, 9:29 AM
    • “We will take what economic activity we can get, but our housing market model was designed in the U.S. to build a lot of single-family homes for owners, not multifamily homes for renters," says Diane Swonk commenting on yesterday's big jump in housing starts.
    • A big share of the gain came from multifamily starts - typically a volatile number - but a rolling 12-month total shows apartment construction at its highest level in 25 years. Single-family housing has a bigger multiplier effect for both consumer spending and employment, says Swonk.
    • As for apartment owners, a separate report showed rents up 3.3% Y/Y, their fastest pace of increase in five years. It's little mystery why the stocks of companies like Equity Residential (NYSE:EQR) and AvalonBay (NYSE:AVB) are at all-time highs, but their owners may want to mull the fast pace of building.
    • Others of interest: ESS, PPS, UDR, AIV, CPT, HME, MAA, TSRE, AEC, IRET, APTS
    | Aug. 20, 2014, 9:29 AM | 3 Comments
  • Jul. 30, 2014, 6:07 PM
    • Mid America Apartment (NYSE:MAA): Q2 FFO of $1.18 misses by $0.07.
    • Revenue of $244.49M (+85.5% Y/Y) misses by $2.3M.
    • Press Release
    | Jul. 30, 2014, 6:07 PM | Comment!
  • May 22, 2014, 4:27 PM
    • Mid-America Apartment Communities Inc  (MAA) declares $0.73/share quarterly dividend, in line with previous.
    • Forward yield 4.11%
    • Payable July 31; for shareholders of record July 15; ex-div July 11.
    | May 22, 2014, 4:27 PM | Comment!
  • May 16, 2014, 10:40 AM
    • A check of apartment REITs finds the group little-changed amid a surge in multi-family starts and permits in April. Finance professor Amir Sufi says it's pretty simple - builders are well aware of the data represented in this chart showing rents easily outpacing inflation over the past few years.
    • Trulia's Jed Kolko says 93% of multi-family starts are intended as rentals and 89% of them were 20+ unit buildings. Both of these metrics were in the 60% range during the bubble years.
    • Equity Residential (EQR +0.2%), AvalonBay (AVB -0.4%), Essex Property (ESS +0.2%), Post Properties (PPS -0.1%), UDR (UDR), Apartment Investment (AIV +0.5%), Camden Property (CPT +0.1%), Home Properties (HME -0.1%), Mid-America Apartment (MAA)
    | May 16, 2014, 10:40 AM | Comment!
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Company Description
Mid-America Apartment Communities is a multifamily focused, self-administered and self-managed REIT. The Company owns, operates, acquires and develops apartment communities in the Southeast and Southwest region of the United States.
Sector: Financial
Country: United States