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MID-AMERICA APARTMENT COMMUNITY, INC.

(MAA)
  Report
Delayed Nyse  -  04:03 2022-10-04 pm EDT
158.43 USD   -0.10%
10/03MAA Announces Date of Third Quarter 2022 Earnings Release, Conference Call
PR
09/27Mid-America Apartment Communities Maintains Quarterly Dividend at $1.25 a Share, Payable Oct. 31 to Shareholders as of Oct. 14
MT
09/27MAA Announces Quarterly Common Dividend
PR
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Mid-America Apartment Communities: Q2 Earnings Snapshot

07/27/2022 | 04:50pm EDT

GERMANTOWN, Tenn. (AP) _ Mid-America Apartment Communities Inc. (MAA) on Wednesday reported a key measure of profitability in its second quarter. The results topped Wall Street expectations.

The real estate investment trust, based in Germantown, Tennessee, said it had funds from operations of $239.9 million, or $2.02 per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $2 per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $209.8 million, or $1.82 per share.

The real estate investment trust posted revenue of $495 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $491.4 million.

Mid-America Apartment Communities expects full-year funds from operations in the range of $8.13 to $8.37 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAA at https://www.zacks.com/ap/MAA

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

All news about MID-AMERICA APARTMENT COMMUNITY, INC.
10/03MAA Announces Date of Third Quarter 2022 Earnings Release, Conference Call
PR
09/27Mid-America Apartment Communities Maintains Quarterly Dividend at $1.25 a Share, Payabl..
MT
09/27MAA Announces Quarterly Common Dividend
PR
09/27Mid-America Apartment Communities, Inc. Announces Quarterly Common Dividend, Payable on..
CI
09/23RBC Cuts Price Target on Mid-America Apartment Communities to $177 From $185, Maintains..
MT
09/19Mizuho Securities Adjusts Mid-America Apartment Communities' Price Target to $177 From ..
MT
09/15Barclays Adjusts Price Target on Mid-America Apartment Communities to $215 From $211, R..
MT
09/14Transcript : Mid-America Apartment Communities, Inc. Presents at Bank of Amer..
CI
09/12Bank Of America Securities 2022 Glob : September 13-14, 2022
PU
09/12Mid America Apartment Communities In : Regulation FD Disclosure, Financial Statements and ..
AQ
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Financials (USD)
Sales 2022 1 996 M - -
Net income 2022 576 M - -
Net Debt 2022 4 227 M - -
P/E ratio 2022 31,4x
Yield 2022 2,90%
Capitalization 18 289 M 18 289 M -
EV / Sales 2022 11,3x
EV / Sales 2023 10,5x
Nbr of Employees 2 429
Free-Float 99,3%
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Technical analysis trends MID-AMERICA APARTMENT COMMUNITY, INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 158,43 $
Average target price 202,11 $
Spread / Average Target 27,6%
EPS Revisions
Managers and Directors
H. Eric Bolton Chief Operating Officer
Albert M. Campbell Chief Financial Officer & Executive Vice President
Joseph P. Fracchia Chief Technology & Innovation Officer, EVP
Tom L. Grimes Chief Operating Officer & Executive Vice President
Leslie B. C. Wolfgang Secretary, SVP, Chief Ethics & Compliance Officer
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