Wells Fargo Securities, LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC and KeyBanc Capital Markets Inc. were the joint book-running managers for the offering. GERMANTOWN, Tenn., May 13, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., ("MAA") (NYSE: MAA) today announced that its operating partnership, Mid-America Apartments, L.P. ("MAALP"), priced a $400,000,000 offering of MAALP's 5.300% senior unsecured notes due February 15, 2 ...

CHUNYIP WONG/iStock via Getty Images Just before we transitioned into 2024, I wrote a fairly bullish article on Mid-America Apartment Communities (NYSE:MAA), which was a follow-up piece for my initial thesis on MAA back in September 2023. While I was (and still am) optimistic about MAA's prospects to generate solid shareholder returns, I made it clear that in the short term there is a limited probability of MAA outperforming the market. The chart below, which measures the total return performance of MAA ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-12762 (Mid-America Apartment Communities, Inc.) (901) 682-6600 (Registrant's telephone number, including area code) N/A (For ...

Mid-America Apartment Communities, Inc. (NYSE:MAA) Q1 2024 Results Conference Call May 2, 2024 10:00 AM ET Company Participants Andrew Schaeffer - Senior Vice President, Treasurer & Director, Capital Markets Eric Bolton - Chairman & Chief Executive Officer Brad Hill - Executive Vice President & Chief Investment Officer Tim Argo - Executive Vice President, Chief Strategy & Analysis Officer Clay Holder - Senior Vice President & Chief Accounting Officer Conference Call Participants Austin Wurschmidt - KeyBanc ...

Mid-America Apartment Communities (MAA) reported first-quarter 2024 core funds from operations (FFO) per share of $2.22, which missed the Zacks Consensus Estimate of $2.23. Moreover, the reported figure fell 2.6% year over year from $2.28.Although this residential REIT experienced growth in the average effective rent per unit for the same-store portfolio, its quarterly results reflect a fall in the occupancy level and high supply across its markets. The company also experienced an increase in operating expe ...

Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.22 per share, missing the Zacks Consensus Estimate of $2.23 per share. This compares to FFO of $2.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -0.45%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.30 per share when it actually produced FFO of $2.32, delivering a surprise of 0.87%.Over ...

Exhibit 99.2 Dollars in thousands, except Average Effective Rent per Unit | | | | | Average | | | | --- | --- | --- | --- | --- | --- | --- | | | | As of March 31, 2024 | | Effective | As of March 31, 2024 | | | | | Percent to | | Rent per Unit for | | Total Units, | | | | Total of | | the Three | | Including | | | Gross Real | Gross Real | Physical | Months Ended | Completed | Developmen | | | Assets | Assets | Occupancy | March 31, 2024 | Units | t | | Atlanta, GA | $ 2,104,322 | 13.3 % | 94.1 % $ | 1,839 ...

GERMANTOWN, Tenn., May 1, 2024 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended March 31, 2024. First Quarter 2024 Operating Results Three months ended March 31, 2024 2023 Earnings per common share - diluted $ 1.22 $ 1.16 Funds from operations (FFO) per Share - diluted $ 2.41 $ 2.31 <br ...

The upcoming report from Mid-America Apartment Communities (MAA) is expected to reveal quarterly earnings of $2.23 per share, indicating a decline of 2.2% compared to the year-ago period. Analysts forecast revenues of $542.72 million, representing an increase of 2.6% year over year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial esti ...

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 first-quarter 2024 results on May 1 after market close.The Germantown, TN-based residential REIT delivered a surprise of 0.87% in terms of core FFO per share in the last reported quarter. Its quarterly results were driven by an ...