Last $73.10 USD
Change Today -0.16 / -0.22%
Volume 367.8K
MAA On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

mid-america apartment comm (MAA) Snapshot

Open
$73.21
Previous Close
$73.26
Day High
$73.25
Day Low
$72.42
52 Week High
01/28/15 - $83.50
52 Week Low
09/26/14 - $65.05
Market Cap
5.5B
Average Volume 10 Days
522.4K
EPS TTM
$2.07
Shares Outstanding
75.3M
EX-Date
01/13/15
P/E TM
35.4x
Dividend
$3.08
Dividend Yield
4.05%
Current Stock Chart for MID-AMERICA APARTMENT COMM (MAA)

mid-america apartment comm (MAA) Related Businessweek News

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mid-america apartment comm (MAA) Details

Mid-America Apartment Communities, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in acquisition, redevelopment, new development, property management, and disposition of multifamily apartment communities. Mid-America Apartment Communities, Inc. was founded in 1977 and is based in Memphis, Tennessee.

2,033 Employees
Last Reported Date: 02/25/15
Founded in 1977

mid-america apartment comm (MAA) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $524.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $324.7K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $324.5K
General Counsel and Executive Vice President
Total Annual Compensation: $188.0K
Compensation as of Fiscal Year 2013.

mid-america apartment comm (MAA) Key Developments

Mid-America Apartment Communities Mulls Acquisition

Mid-America Apartment Communities Inc. (NYSE:MAA) is seeking acquisitions. Eric Bolton, Chief Executive Officer of Orkla, said in Mid-America Apartment Communities earnings call, “We're estimating $400 million to $500 million of acquisitions in 2015, slightly ahead of the $400 million closed in 2014. We expect the opportunities to increase over the course of the year from both new, newly stabilized properties as well as properties that are still in their initial lease-up. We also continue to look at opportunities to prepurchase to-be-built properties and Phase II expansion of existing properties, but expect that at this point in the cycle, this will be a more selective component of our capital deployment activity, as we begin this year with $73 million of new development underway versus just over $200 million at this time last year.”

Mid-America Apartment Communities Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014 ; Provides Financial Guidance for 2015

Mid-America Apartment Communities Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income available for the company’s common shareholders were $34,525,000 or $0.46 per basic and diluted share against net loss available for the company’s common shareholders of $9,272,000 or $0.12 per basic and diluted share a year ago. Total operating revenues were $252,474,000 compared to $239,607,000 a year ago. Income before income tax expense was $36,805,000 compared to loss before income tax expense of $15,410,000 a year ago. Income from continuing operations was $35,980,000 or $0.45 per basic and diluted share compared to loss from continuing operations of $15,457,000 or $0.20 per basic and diluted share a year ago. Funds from operations was $107,378,000 or $1.35 per diluted share, core funds from operations was $104,674,000 or $1.32 per diluted share, recurring capital expenditures were $11,234,000, core adjusted funds from operations was $93,440,000 or $1.18 per diluted share against funds from operations of $74,919,000 or $0.95 per diluted share, core funds from operations of $94,980,000 or $1.20 per diluted share, recurring capital expenditures of $9,044,000, core adjusted funds from operations of $85,936,000 or $1.09 per diluted share a year ago. For the full year, the company reported net income available for the company’s common shareholders were $147,980,000 or $1.97 per diluted share against $115,281,000 or $2.25 per basic and diluted share a year ago. Total operating revenues were $989,296,000 compared to $634,734,000 a year ago. Income before income tax expense was $145,109,000 compared to $37,832,000 a year ago. Income from continuing operations was $149,068,000 or $1.88 per diluted share compared to $37,277,000 or $0.70 per basic and diluted share a year ago. Funds from operations was $404,087,000 or $5.09 per diluted share, core funds from operations was $395,719,000 or $4.99 per diluted share, recurring capital expenditures were $56,098,000, core adjusted funds from operations was $339,621,000 or $4.28 per diluted share against funds from operations of $231,025,000 or $4.35 per diluted share, core funds from operations of $262,357,000 or $4.94 per diluted share, recurring capital expenditures of $32,375,000, core adjusted funds from operations of $229,982,000 or $4.33 per diluted share a year ago. The company provided financial guidance for 2015. For the year, core FFO per share is expected to range between $5.09 per share and $5.33 per share, which is $5.21 per share at the mid-point. The company's guidance is based on projections of same store portfolio net operating income, or NOI growth of 3% to 4%, based on revenue growth of 3% to 4% and expense growth of 3% to 4% for the full year 2015. The company expects total recurring capital expenditures to be approximately $52 million, producing Core AFFO of $4.43 per share to $4.67 per share, or $4.55 per share at the mid-point, representing a 6.3% increase over Core AFFO per share in the prior year. On a quarterly basis, Core FFO per share is expected to be in a range of $1.23 per share to $1.35 per share for the first three quarters of 2015, and in a range of $1.28 per share to $1.40 per share for the fourth quarter of 2015.

Mid-America Apartment Communities Inc., Q4 2014 Earnings Call, Feb 05, 2015

Mid-America Apartment Communities Inc., Q4 2014 Earnings Call, Feb 05, 2015

 

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MAA Competitors

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Company Last Change
Alexandria Real Estate Equities Inc $97.52 USD +0.11
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Apartment Investment & Management Co $37.69 USD -0.25
Camden Property Trust $73.13 USD +0.01
Equity LifeStyle Properties Inc $54.36 USD -0.09
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Industry Analysis

MAA

Industry Average

Valuation MAA Industry Range
Price/Earnings 39.1x
Price/Sales 5.6x
Price/Book 1.9x
Price/Cash Flow 12.3x
TEV/Sales 1.8x
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