Core Viewpoint - Dividend-paying stocks are favored for their ability to generate passive income and historically outperform non-dividend stocks in total returns over the last 50 years [1] Group 1: Realty Income - Realty Income's shares have declined over 15% from their peak this year, resulting in a dividend yield exceeding 6%, significantly higher than the S&P 500's yield of around 1.2% [3] - The REIT maintains a diversified portfolio across various sectors, providing stable rental income as tenants cover real estate taxes, maintenance, and insurance [4] - Realty Income conservatively pays out about 75% of its adjusted funds from operations in dividends, allowing for cash retention to fund new investments, and has increased its dividend 128 times since going public in 1994 [5] Group 2: Rexford Industrial - Rexford Industrial's stock has dropped over 30% from its peak, leading to a dividend yield of 4.4%, primarily due to a slowdown in the Southern California industrial real estate market [6] - Despite a cooling demand, the market remains strong, with Rexford executing 657,000 square feet of new and renewal leases at a 60% increase compared to prior rents, maintaining an occupancy rate of 95.9% [7] - The REIT anticipates adding $72 million to its net operating income over the next three years as legacy leases expire, projecting a 34% growth in NOI, supported by ongoing projects and acquisitions [8] Group 3: Mid-America Apartment Communities - Mid-America Apartment Communities' stock has decreased nearly 10% from its recent high, resulting in a dividend yield of around 4% [9] - The REIT expects a significant decline in new supply impacting its portfolio by 2025, entering a new growth cycle where demand will outpace supply [11] - With nearly $1 billion in upcoming apartment development projects and the financial capacity for new developments, the company is well-positioned to enhance its growth and continue increasing dividends, having raised its payment by 3.1% recently [12] Group 4: Investment Opportunity - Realty Income, Rexford Industrial, and Mid-America Apartment Communities currently present higher dividend yields due to stock price sell-offs, combined with solid growth prospects, making them attractive dividend stocks for potential strong total returns [13]

I'm a huge fan of investing in dividend-paying stocks. They supply me with passive income that I can reinvest as I see fit. I can eventually use that income to pay some of my expenses when I retire. On top of that, dividend stocks have historically been high performers. The average dividend stock in the S&P 500 has outperformed non-payers by more than two-to-one over the last 50 years, according to data from Ned Davis Research and Hartford Funds.Given these dynamics, I buy more shares of high-quality divide ...

I rate Mid-America Apartment Communities, Inc. (NYSE: MAA ) stock a “Buy,” for investors interested in dividends from real estate investment trusts, or REITs. In my view, MAA is a quality investment to own long term, with strong management andDavid A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as ...

Mid-America Apartment Communities’ (MAA) , also known as MAA, board of directors approved an increase in the company’s quarterly dividend payment. The company will now pay out $1.515 per share, reflecting a hike of 3.1% from the prior dividend of $1.47. Based on the increased rate, the annual dividend comes to $6.06 per share, marking an increase of 18 cents from the prior dividend. At this new rate, the annualized yield comes at 3.8%, based on the stock’s closing price of $158.56 on Dec. 10. The new divide ...

Core Viewpoint - Mid-America Apartment (MAA) has experienced a significant stock price increase of 27.2% over the past six months, outperforming the industry growth of 17.3%, driven by favorable in-migration trends and strong demand for rental apartments in its key markets [1][4]. Financial Performance - In Q3 2024, MAA reported core funds from operations (FFO) per share of $2.21, exceeding the Zacks Consensus Estimate of $2.18, although this figure represents a 3.5% decline year-over-year [2]. Market Position and Strategy - MAA benefits from a well-diversified portfolio focused on the Sun Belt region, where job and household in-migration trends support high renter demand [4]. - The company is strategically developing eight communities as of Q3 2024 to capitalize on the growing demand for apartment housing in its markets [5]. - MAA is implementing three internal investment programs—interior redevelopment, property repositioning, and Smart Home installations—to enhance rent growth and earnings from its existing assets [6]. Financial Health - MAA maintains a solid balance sheet with low leverage, having $805.7 million in combined cash and available capacity under its revolving credit facility as of September 30, 2024 [7]. - The company has a low Net Debt/Adjusted EBITDAre ratio of 3.9 and generated 95.8% unencumbered net operating income in Q3 2024, positioning it well for growth opportunities [7]. Dividend Policy - MAA has a strong commitment to dividend payouts, having increased its dividend seven times in the last five years, with a five-year annualized growth rate of 10.48%, supported by healthy operating fundamentals [8].

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Last week was quite volatile for the overall market due to the weak jobs report and disappointments on the earnings report front from several large cap players. These dynamics led the S&P 500 to register ~ 1.7% of a market cap loss.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of ...

Mid-America Apartment Communities (MAA) , which is commonly known as MAA, reported third-quarter 2024 core funds from operations (FFO) per share of $2.21, which surpassed the Zacks Consensus Estimate of $2.18. However, the reported figure fell 3.5% year over year from $2.29.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results reflect healthy demand despite elevated new supply and strong average physical occupancy for the same-store portfolio. The company witnessed low levels of r ...

Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.21 per share, beating the Zacks Consensus Estimate of $2.18 per share. This compares to FFO of $2.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 1.38%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.20 per share when it actually produced FFO of $2.22, delivering a surprise of 0.91%.Over t ...

Portfolio Overview - As of September 30, 2024, the total multifamily portfolio consists of 101,944 units, with 97,289 units classified as same store and 2,441 units as non-same store[1] - The completed units as of September 30, 2024, total 101,944, with 104,200 total units including development[3] - The multifamily portfolio includes 97,289 apartment units as of September 30, 2024[6] - The overall portfolio consisted of 97,289 units across various locations, with a focus on maintaining stable performance amid market fluctuations[7] Financial Performance - Total Operating Revenues for the three months ended September 30, 2024, increased to $551,126,000, up from $542,042,000 in the same period last year, representing a growth of 1.9%[4] - Net Operating Income for the total multifamily portfolio decreased to $335,965,000, down from $339,101,000, reflecting a decline of 0.9% year-over-year[4] - Same Store Communities' Net Operating Income fell by 1.7% to $327,267,000 compared to $332,973,000 in the previous year[4] - Total Property Operating Expenses rose to $211,561,000, an increase of 6.2% from $199,223,000 in the same quarter last year[4] - Total Same Store revenues for Q3 2024 were $523.53 million, showing no change compared to Q3 2023[7] - Average Effective Rent per Unit for Q3 2024 was $1,691, a decrease of 0.4% from $1,697 in Q3 2023[7] - Total Same Store expenses increased by 3.0% to $196.27 million from $190.54 million in Q3 2023[7] - Net Operating Income (NOI) for Q3 2024 was $327.27 million, down 1.7% from $332.97 million in Q3 2023[7] - Total Same Store revenues increased by 0.4% to $523,533,000 in Q3 2024 compared to $521,540,000 in Q2 2024[8] - Total Same Store expenses rose by 1.6% to $196,266,000 in Q3 2024 from $193,260,000 in Q2 2024[8] - Total Same Store NOI decreased by 0.3% to $327,267,000 in Q3 2024 from $328,280,000 in Q2 2024[8] - Total Same Store revenues increased by 0.7% year-over-year to $1,564,702,000 from $1,553,927,000[9] - Total Same Store NOI decreased by 1.1% year-over-year to $990,130,000 from $1,001,513,000[9] - Overall expenses for the Same Store portfolio increased by 4.0% year-over-year to $574,572,000 from $552,414,000[9] Market Performance - Atlanta, GA represents 13.0% of gross real assets, totaling $2,112,564, with a physical occupancy of 95.2% and an effective rent of $1,813[3] - Dallas, TX accounts for 9.9% of gross real assets at $1,604,908, with a physical occupancy of 95.3% and an effective rent of $1,663[3] - The multifamily portfolio includes significant markets such as Phoenix, AZ, and Northern Virginia, with effective rents of $1,738 and $2,484 respectively[3] - Atlanta, GA reported revenues of $65.18 million, a decrease of 1.5% from $66.15 million in Q3 2023[7] - Dallas, TX revenues were $53.36 million, a slight decrease of 0.4% compared to $53.56 million in Q3 2023[7] - Orlando, FL experienced a revenue decline of 0.8%, with Q3 2024 revenues at $35.22 million compared to $35.50 million in Q3 2023[7] - Houston, TX showed a revenue increase of 0.5%, reaching $23.71 million compared to $23.58 million in Q3 2023[7] - Charleston, SC reported a revenue increase of 3.0%, with Q3 2024 revenues at $18.26 million compared to $17.74 million in Q3 2023[7] - Atlanta, GA reported revenues of $65,177,000 in Q3 2024, a 0.4% increase from $64,917,000 in Q2 2024[8] - Dallas, TX experienced a revenue increase of 0.7% to $53,356,000 in Q3 2024 compared to $53,009,000 in Q2 2024[8] - Orlando, FL saw a revenue decline of 0.3% to $35,215,000 in Q3 2024 from $35,335,000 in Q2 2024[8] - Tampa, FL reported revenues of $35,722,000 in Q3 2024, a slight decrease of 0.2% from $35,792,000 in Q2 2024[8] - Charlotte, NC's revenues increased by 0.6% to $29,557,000 in Q3 2024 from $29,368,000 in Q2 2024[8] - Austin, TX reported a revenue decrease of 0.3% to $34,750,000 in Q3 2024 compared to $34,860,000 in Q2 2024[8] Development and Acquisitions - The total active multifamily development pipeline consists of 2,762 units, with 506 units delivered and 356 units leased as of September 30, 2024[10] - The expected total development costs for the pipeline amount to $978,300,000, with $610,370,000 spent to date[10] - The company has completed 4,535 units in the multifamily interior redevelopment pipeline, with an average cost of $29,053 per unit and an effective rent increase of 7.5%[11] - The company has made acquisitions including MAA Boggy Creek (310 units) and MAA Vale (306 units) in 2024[12] - The company has a total of 1,708 units expected to stabilize by 4Q24, with MAA Boggy Creek and MAA Vale both projected to stabilize at 89.7% and 65.0% occupancy respectively[11] Debt and Financial Guidance - The total debt as of September 30, 2024, is $4,875,968,000, with 90.0% being fixed-rate debt at an effective interest rate of 3.6%[12] - Unsecured debt constitutes 92.6% of total debt, while secured debt makes up 7.4%[12] - Debt covenant compliance is strong, with total debt to adjusted total assets at 28.7%, well below the 60% requirement[15] - The expected Core FFO per diluted share guidance is provided, indicating a focus on non-GAAP financial measures for performance assessment[17] - Earnings per diluted common share for Full Year 2024 is projected to be between $4.45 and $4.61, with a midpoint of $4.53[18] - Core FFO per diluted share is expected to range from $8.80 to $8.96, with a midpoint of $8.88[18] - Average effective interest rate on debt is expected to be between 3.5% and 3.7%, with a midpoint of 3.6%[18] - Total corporate expenses are estimated to be between $127.5 million and $129.5 million, with a midpoint of $128.5 million[18] - Diluted common shares outstanding are projected to be between 119.75 million and 120.25 million, with a midpoint of 120 million[18] Dividends and Ratings - The company plans to declare a dividend of $1.47 per share for Q4 2023[20] - The corporate credit rating assigned to MAA is A- with a stable outlook from Fitch Ratings and Standard & Poor's[19]