Mid-America Apartment Community, Inc.

MAA

US59522J1034

Residential REITs

Market Closed - Nyse Other stock markets 04:00:02 2024-12-13 pm EST			5-day change	1st Jan Change
157.22 ^USD	-0.71%		-1.08%	+16.93%

Dec. 13	Morgan Stanley Raises Mid-America Apartment Communities Price Target to $159.50 From $152, Maintains Equal Weight Rating	MT
Dec. 12	Raymond James Raises Price Target on Mid-America Apartment Communities to $180 From $175, Maintains Strong Buy Rating	MT

Mid-America Apartment Communities, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024

October 30, 2024 at 04:16 pm EDT

Mid-America Apartment Communities, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 551.13 million compared to USD 542.04 million a year ago. Net income was USD 115.2 million compared to USD 110.73 million a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 0.94 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 0.94 a year ago.
For the nine months, sales was USD 1,641.18 million compared to USD 1,606.22 million a year ago. Net income was USD 360.9 million compared to USD 392.33 million a year ago. Basic earnings per share from continuing operations was USD 3.07 compared to USD 3.34 a year ago. Diluted earnings per share from continuing operations was USD 3.07 compared to USD 3.34 a year ago.

Latest news about Mid-America Apartment Community, Inc.

Morgan Stanley Raises Mid-America Apartment Communities Price Target to $159.50 From $152, Maintains Equal Weight Rating	Dec. 13	MT
Raymond James Raises Price Target on Mid-America Apartment Communities to $180 From $175, Maintains Strong Buy Rating	Dec. 12	MT
Mid-America Apartments Prices $350 Million Offering of Senior Notes	Dec. 11	MT
Mid-America Apartment Communities, Inc. Announces Chief Executive Officer Changes	Dec. 10	CI
Jefferies Adjusts Price Target on Mid-America Apartment Communities to $154 From $156, Maintains Hold Rating	Dec. 06	MT
Scotiabank Adjusts Mid-America Apartment Communities Price Target to $173 From $174, Maintains Sector Perform Rating	Nov. 14	MT
Baird Adjusts Price Target on Mid-America Apartment Communities to $160 From $158, Maintains Neutral	Nov. 13	MT
Piper Sandler Adjusts Price Target on Mid-America Apartment Communities to $170 From $165, Maintains Neutral Rating	Nov. 11	MT
Wedbush Adjusts Price Target on Mid-America Apartment Communities to $180 From $182, Maintains Outperform Rating	Nov. 06	MT
Goldman Sachs Lowers Price Target on Mid-America Apartment Communities to $171 From $179	Nov. 01	MT
BNP Paribas Exane Adjusts Price Target on Mid-America Apartment Communities to $167 From $169	Nov. 01	MT
RBC Adjusts Mid-America Apartment Communities' Price Target to $165 From $169	Oct. 31	MT
Tranche Update on Mid-America Apartment Communities, Inc.'s Equity Buyback Plan announced on December 9, 2015.	Oct. 31	CI
Mid-America Apartment Communities, Inc., Q3 2024 Earnings Call, Oct 31, 2024	Oct. 31
Mid-America Apartment Communities CEO Expects New Multi-Year Cycle of Demand Outpacing Supply	Oct. 30	MT
Mid-America Apartment Communities CEO Confident of 'Meaningful Decline' in New Supply in 2025	Oct. 30	MT
Mid-America Apartment Communities Q3 Core AFFO Falls, Revenue Rises	Oct. 30	MT
(MAA) MAA Forecasts Fiscal Year 2024 AFFO Range $7.84 - $8.00	Oct. 30	MT
Mid-America Apartment Communities, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	Oct. 30	CI
Mid-America Apartment Communities, Inc. Revises Earnings Guidance for the Full Year 2024	Oct. 30	CI
Mid-America Apartment Communities, Inc. acquired 386-unit multifamily community located in Dallas for approximately $110 million.	Oct. 29	CI
Mid-America Apartment Communities, Inc. acquired 310-unit multifamily community located in Orlando, Florida for $84 million.	Oct. 29	CI
Mizuho Adjusts Price Target on Mid-America Apartment Communities to $163 From $130, Maintains Neutral Rating	Oct. 24	MT
North American Morning Briefing : Election, -2-	Oct. 22	DJ
Raymond James Upgrades Mid-America Apartment Communities to Strong Buy From Market Perform	Oct. 21	MT

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Company Profile

Mid-America Apartment Community, Inc. owns, develops and manages residential real estate assets primarily located in the South-East and South-Western regions of the United States. At the end of 2023, the group's real estate portfolio consisting of 296 assets (100,894 apartments), amounted in market value to USD 15.9 billion.

Employees

2,427

Sector

Residential REITs

Calendar

2025-01-28 - Q4 2024 Earnings Release (Projected)

More about the company