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Last $80.63 USD
Change Today +0.26 / 0.32%
Volume 712.1K
MAA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

mid-america apartment comm (MAA) Snapshot

Open
$80.36
Previous Close
$80.37
Day High
$80.80
Day Low
$79.18
52 Week High
08/18/15 - $84.42
52 Week Low
09/26/14 - $65.05
Market Cap
6.1B
Average Volume 10 Days
779.0K
EPS TTM
$4.05
Shares Outstanding
75.4M
EX-Date
07/13/15
P/E TM
19.9x
Dividend
$3.08
Dividend Yield
3.77%
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: $598.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $349.3K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $360.1K
Executive Vice President and General Counsel
Total Annual Compensation: $298.8K
Compensation as of Fiscal Year 2014.

mid-america apartment comm (MAA) Key Developments

Mid-America Apartment Communities Mulls Investments

Mid-America Apartment Communities Inc. (NYSE:MAA) is seeking investments. Eric Bolton, Chief Executive Officer of Mid-America Apartment Communities, said on being asked about looking at potential acquisition opportunities that are in lease-up, “We're looking at several. We continue to see some pretty aggressive pricing paid on both stabilized and pre-stabilized properties, with new development opportunities also requiring increasingly optimistic or aggressive assumptions. Accordingly, as noted in our updated guidance, we've slightly lowered our anticipated acquisition volume for this year. I continue to believe that we'll see some increasing opportunities for redeploying capital on an attractive basis as we move later into the cycle. So we're going to, as opportunities and the market comes our way from an acquisition's perspective that may create an opportunity to recycle little bit more later this year and to next year but we're pretty set with where we are right now.”

Mid-America Apartment Communities Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third and Fourth Quarter of 2015; Revises Earnings Guidance for the Full Year of 2015

Mid-America Apartment Communities Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total operating revenues of $258,891,000 compared with $245,305,000 for the same period a year ago. Income from continuing operations before non-operating items was $68,837,000 compared with $58,092,000 for the same period a year ago. Income before income tax expense was $144,294,000 compared with $30,995,000 for the same period a year ago. Income from continuing operations was $143,873,000 or $1.81 per diluted share compared with $33,391,000 or $0.42 per diluted share for the same period a year ago. Net income available for MAA common shareholders was $136,299,000 or $0.81 per diluted share compared with $31,613,000 or $0.42 per diluted share for the same period a year ago. Funds from operations was $112,360,000 or $1.41 per diluted share compared with $95,513,000 or $1.20 per diluted share for the same period a year ago. Core funds from operations was $108,013,000 or $1.36 per diluted share compared with $93,874,000 or $1.18 per diluted share for the same period a year ago. Core adjusted funds from operations was $86,114,000 or $1.08 per diluted share compared with $74,268,000 or $0.94 per diluted share for the same period a year ago. Recurring capital expenditures was $21,899,000 compared with $19,606,000 for the same period a year ago. Recurring EBITDA was $144,398,000 compared with $133,016,000 for the same period a year ago. Strong second quarter results and positive momentum reflect the growing benefits of the significant capital recycling that they have accomplished over the past few years. Vibrant job growth of the Large Markets is driving strong revenue results. For the six months, the company reported total operating revenues of $517,443,000 compared with $489,539,000 for the same period a year ago. Income from continuing operations before non-operating items was $138,229,000 compared with $97,403,000 for the same period a year ago. Income before income tax expense was $209,461,000 compared with $41,571,000 for the same period a year ago. Income from continuing operations was $208,550,000 or $2.62 per diluted share compared with $43,673,000 or $0.55 per diluted share for the same period a year ago. Net income available for MAA common shareholders was $197,566,000 or $2.62 per diluted share compared with $46,479,000 or $0.62 per diluted share for the same period a year ago. Funds from operations was $219,257,000 or $2.76 per diluted share compared with $192,872,000 or $2.43 per diluted share for the same period a year ago. Core funds from operations was $213,232,000 or $2.68 per diluted share compared with $189,464,000 or $2.39 per diluted share for the same period a year ago. Core adjusted funds from operations was $180,736,000 or $2.27 per diluted share compared with $163,805,000 or $2.07 per diluted share for the same period a year ago. Recurring capital expenditures was $32,496,000 compared with $25,659,000 for the same period a year ago. Recurring EBITDA was $287,039,000 compared with $268,381,000 for the same period a year ago. Vibrant job growth of the Large Markets is driving strong revenue results. On a quarterly basis, Core FFO per Share for the third quarter is expected to be in the range of $1.24 per Share to $1.36 per Share. For the fourth quarter, the company expects Core FFO per Share to be in the range of $1.29 per Share to $1.41 per Share. The company is issuing revised guidance for the full year of 2015, with Core FFO now expected to be in the range of $5.25 per Share to $5.41 per Share for the full year, an increase from the prior guidance range of $5.09 per Share to $5.33 per Share. The company continues to expect total recurring capital expenditures for the full year 2015 to be in the range of $50 million - $54 million, producing Core AFFO of $4.60 per Share to $4.76 per Share, or $4.68 per Share at the mid-point, representing a 9.3% increase over Core AFFO per Share in the prior year.

Mid-America Apartment Communities Inc. to Report Q2, 2015 Results on Jul 29, 2015

Mid-America Apartment Communities Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2015

 

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Industry Analysis

MAA

Industry Average

Valuation MAA Industry Range
Price/Earnings 20.4x
Price/Sales 6.0x
Price/Book 2.0x
Price/Cash Flow 10.3x
TEV/Sales 2.4x
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