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MAA(MAA) - 2024 Q4 - Annual Results
2025-02-05 21:15
Exhibit 99.2 | | | | | Average | | | | --- | --- | --- | --- | --- | --- | --- | | | | As of December 31, 2024 | | Effective Rent per | As of December 31, 2024 | | | | | Percent to | | Unit for | | Total Units, | | | | Total of | | the Three | | Including | | | Gross Real | Gross Real | Physical | Months Ended | Completed | Developmen | | | Assets | Assets | Occupancy | December 31, 2024 | Units | t | | Atlanta, GA | $ 2,118,356 | 12.9 % | 96.0 % $ | 1,798 | 11,434 | | | Dallas, TX | 1,611,937 | 9.8 % | 95. ...
MAA REPORTS FOURTH QUARTER AND FULL YEAR 2024 RESULTS
Prnewswire· 2025-02-05 21:15
GERMANTOWN, Tenn., Feb. 5, 2025 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the three months ended December 31, 2024. Fourth Quarter 2024 Operating Results Three months ended December 31, Year ended December 31, 2024 2023 2024 2023 Earnings per common share - diluted $ 1.42 $ 1.37 $ 4.49 $ 4.71 <td colspan="2" rowspan ...
What's in Store for Mid-America Apartment Stock in Q4 Earnings?
ZACKS· 2025-02-03 16:00
Mid-America Apartment Communities (MAA) — commonly known as MAA — is a real estate investment trust (REIT) that focuses on owning, operating and acquiring apartment communities throughout the southeast, southwest and mid-Atlantic regions of the United States. MAA is slated to report fourth-quarter and full-year 2024 results on Feb. 5, after market close.See the Zacks Earnings Calendar to stay ahead of market-making news.The Germantown, TN-based residential REIT delivered a positive surprise of 1.38% in term ...
2 High-Yield Dividend Stocks to Buy With $300 and Hold Forever
The Motley Fool· 2025-01-27 10:19
Dividend Stocks Overview - Investing in dividend stocks can provide a durable income stream with stable and growing recurring dividends [1] - Realty Income (O) and Mid-America Apartment Communities (MAA) are highlighted as durable dividend stocks with higher-yielding dividends on solid financial foundations [2] Realty Income (O) - Realty Income has paid 655 consecutive monthly dividends since 1969 and increased its dividend every year since its 1994 public listing, with 128 total increases and a 4.2% compound annual growth rate [3] - The REIT currently pays a monthly dividend of $0.264 per share, amounting to $3.168 annually, with a 5.8% dividend yield at a share price below $55 [4] - Realty Income owns a diversified real estate portfolio, including retail, industrial, and gaming properties, with net leases providing stable rental income [5] - The REIT pays out about 75% of its adjusted funds from operations (FFO) in dividends, maintaining a strong balance sheet with A3/A- bond ratings [6] - Realty Income has grown its adjusted FFO per share at a mid-single-digit rate over the past three decades and has significant financial flexibility for accretive acquisitions, with a global net lease addressable market estimated at $14 trillion [7] Mid-America Apartment Communities (MAA) - MAA has never suspended or reduced its dividend since its 1994 public listing and has raised its dividend for the last 15 consecutive years [8] - The REIT recently increased its quarterly dividend by 3.1% to $1.515 per share, or $6.06 annualized, yielding over 4% at a share price below $150 [9] - MAA generates stable rental income due to high demand for housing in the Sun Belt region, with a conservative dividend payout ratio of 66% of core FFO and A3/A- bond ratings [10] - The company is investing $1 billion in new apartment communities across the Sun Belt, with plans to start 3-4 new projects this year and a growing pipeline of future developments [11] - MAA’s growth drivers, including acquisitions and property upgrades, are expected to support continued dividend increases in the long term [12] Conclusion - Realty Income and MAA are high-quality, high-yielding dividend stocks with strong financial foundations and growth potential, making them attractive for long-term investors seeking durable income streams [13]
Demand Strength Supports Mid-America Despite Supply Concerns
ZACKS· 2025-01-21 15:26
Mid-America Apartment (MAA) stands to benefit from its diversified portfolio concentrated in the thriving Sun Belt region. Robust in-migration of jobs and households in these markets, combined with the high cost of homeownership, is expected to sustain strong renter demand.The company's redevelopment initiatives and advancements in technology are poised to drive margin improvements, while its solid balance sheet provides a strong foundation for growth opportunities.However, increased rental unit supply in c ...
MAA Announces Taxable Composition of 2024 Distributions
Prnewswire· 2025-01-21 11:45
GERMANTOWN, Tenn., Jan. 21, 2025 /PRNewswire/ -- Mid-America Apartment Communities, Inc. or MAA (NYSE: MAA) today announced the taxable composition of the 2024 distributions paid to shareholders.  The company does not expect any portion of the 2024 distributions paid to shareholders to represent a return of capital. The company did not incur any foreign taxes. The composition presented is applicable to all dividend distributions during 2024. The classifications for 2024 are as follows:Common Stock (MAA) (CU ...
MAA Announces Date of Fourth Quarter and Full-Year 2024 Earnings Release, Conference Call
Prnewswire· 2025-01-16 21:15
GERMANTOWN, Tenn., Jan. 16, 2025 /PRNewswire/ -- MAA (NYSE: MAA) announced today that the Company expects to release its fourth quarter and full-year 2024 results on Wednesday, February 5, 2025, after market close and will hold a conference call on Thursday, February 6, 2025, at 9:00 a.m. Central Time. During the conference call, company officers will review fourth quarter and full-year performance and conduct a question-and-answer session.The conference call-in number is (800) 715-9871 (Domestic) or +1 (64 ...
Here Are My Top 3 High-Yield Dividend Stocks to Buy Now
The Motley Fool· 2024-12-24 09:11
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]
Why I Just Bought More of These 3 Top Dividend Stocks in My Retirement Account and Plan to Keep Adding in 2025
The Motley Fool· 2024-12-22 12:08
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 ...
Mid-America Apartment Communities: Quality REIT With Rising Dividends
Seeking Alpha· 2024-12-13 20:26
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 ...