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MAA

164.26USD+0.04(+0.02%)Market Closed

Mid-America Apartment Communities Inc

Market Summary

USD164.26+0.04Market Closed
0.02%

MAA Alerts

MAA Stock Price

RSI Chart

Valuation

Market Cap

18.1B

Price/Earnings

28.72

Price/Sales

9.25

Price/Cashflow

17.66

MarketCap/EBT

27.93

Price/Sales

Profitability

EBT Margin

33.11%

Return on Equity

10.55%

Return on Assets

5.55%

Fundamentals

Revenue

Revenue (TTM)

2.0B

Revenue Y/Y

15.07%

Revenue Q/Q

5.2%

Earnings

Earnings (TTM)

629.5M

Earnings Y/Y

44.78%

Earnings Q/Q

-41.95%

Price Action

52 Week Range

141.13225.60
(Low)(High)

Last 7 days

1.7%

Last 30 days

7.2%

Last 90 days

0.9%

Trailing 12 Months

-18.9%

Financial Health

Investor Care

Dividend Yield

2.82%

Dividend/Share (TTM)

4.16

Shares Dilution (1Y)

0.29%

Diluted EPS (TTM)

5.42

Peers (Alternatives to Mid-America Apartment Communities)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
4.52% -6.45%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
6.93% -18.34%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
17.64% -31.38%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
7.68% -22.22%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
3.65% -22.62%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
8.55% 0.13%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
10.36% -10.60%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
9.12% -36.63%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
15.26% 15.23%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
6.39% -39.17%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
11.48% -28.89%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
9.20% 0.38%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-3.48% -25.18%
538.82
1.96
2.16% 107.41%
1.2B
-
10.74% 8.70%
5
3.44
120.87% 1462.96%

Financials for Mid-America Apartment Communities

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue3.6%1,9551,8871,8291,7781,738
  S&GA Expenses4.4%59565350
Earnings Before Taxes5.6%647613625563451
Net Income6.4%629592597534431
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.5%11,33811,28011,19911,28511,254
    Cash Equivalents-35.6%3961605430
Liabilities1.5%5,1665,0905,0695,1015,139
Shareholder's Equity-0.3%5,9685,9835,9205,9655,897
  Additional Paid-In Capital0.1%7,1977,1927,1987,2317,217
Shares Outstanding0.0%115115115115115
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations6.5%1,024962926895858
  Share Based Compensation1.6%1818181715
Cashflow From Investing-122.8%-398.54-178.84-224.62-253.59-461.23
Cashflow From Financing-1.6%-613.46-604.01-672.61-546.40-383.15
  Dividend Payments1.7%487479470467
  Buy Backs-9

Risks

What is the probability of a big loss on MAA?

43.5%


Probability that Mid-America Apartment Communities stock will be more than 20% underwater in next one year

23.5%


Probability that Mid-America Apartment Communities stock will be more than 30% underwater in next one year.

18.5%


Probability that Mid-America Apartment Communities stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MAA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Mid-America Apartment Communities was unfortunately bought at previous high price.

Returns

Cumulative Returns on MAA

14.0%


10-Year Cumulative Returns

12.8%


7-Year Cumulative Returns

13.4%


5-Year Cumulative Returns

10.1%


3-Year Cumulative Returns

What are the long-term rolling returns for MAA?

FIve years rolling returns for Mid-America Apartment Communities.

Which funds bought or sold MAA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-29
Bridgefront Capital, LLC
REDUCED
-23.57
-193,000
407,000
0.42%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
253
2,000
-%
2022-11-23
Toroso Investments, LLC
ADDED
8.14
-84,000
2,023,000
0.08%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
7,282,000
7,282,000
0.09%
2022-11-22
CVA Family Office, LLC
ADDED
57.5
14,000
49,000
0.01%
2022-11-22
B. Riley Wealth Advisors, Inc.
ADDED
88.62
175,000
438,000
0.01%
2022-11-21
Parallax Volatility Advisers, L.P.
NEW
-
427,000
427,000
-%
2022-11-21
FourThought Financial, LLC
SOLD OFF
-100
-13,000
-
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-1.09
-4,100,000
29,545,000
0.05%
2022-11-21
Ninepoint Partners LP
REDUCED
-12
-56,000
199,000
0.03%

1–10 of 46

Latest Funds Activity

Are funds buying MAA calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own MAA

Mid-America Apartment Communities News

Seeking Alpha

Why Rental Properties Are Far Worse Investments Than REITs.18 hours ago

MAA Fair Value

Recent SEC filings of Mid-America Apartment Communities

View All Filings
Date Filed Form Type Document
Nov 08, 2022
8-K
Current Report
Nov 01, 2022
4
Insider Trading
Oct 27, 2022
10-Q
Quarterly Report
Oct 26, 2022
8-K
Current Report
Oct 25, 2022
3
Insider Trading
Oct 19, 2022
8-K
Current Report
Sep 28, 2022
4
Insider Trading
Sep 28, 2022
4
Insider Trading
Sep 28, 2022
4
Insider Trading
Sep 28, 2022
4
Insider Trading

Latest Insider Trading transactions for MAA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-10-31
GRAF ALAN B JR
GIFTED
-
-
-5,653
-
2022-08-02
STOCKERT DAVID P
GIFTED
-
-
-1,000
-
2022-08-01
Carpenter Melanie
GIFTED
-
-
-280
EVP & CHRO
2022-07-29
Carpenter Melanie
SOLD
-252,395
186.27
-1,355
EVP & CHRO
2022-05-24
McGurk Monica Houle
GIFTED
-
-
-30
-
2022-05-17
SANDERS WILLIAM REID
ACQUIRED
-
-
835
-
2022-05-17
GRAF ALAN B JR
ACQUIRED
-
-
835
-
2022-05-17
McGurk Monica Houle
ACQUIRED
-
-
835
-
2022-05-17
LOWDER JAMES K
ACQUIRED
-
-
835
-
2022-05-17
JENNINGS TONI
ACQUIRED
-
-
835
-

1–10 of 50

H. Eric Bolton
2430
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia.

MAA Income Statement

2022-09-30
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Rental and other property revenues$ 520,783$ 452,575$ 1,491,901$ 1,314,507
Expenses:    
Operating expenses, excluding real estate taxes and insurance117,390106,412328,514304,124
Real estate taxes and insurance74,03366,426214,006199,943
Depreciation and amortization136,879134,611404,761397,938
Total property operating expenses328,302307,449947,281902,005
Property management expenses16,26213,83148,42940,522
General and administrative expenses12,18812,67044,09138,763
Interest expense38,63739,234116,663117,773
Loss (gain) on sale of depreciable real estate assets1313(131,963)(134,515)
Gain on sale of non-depreciable real estate assets(431)(170)(809)(202)
Other non-operating expense (income)1,718(10,344)19,248(14,557)
Income before income tax benefit (expense)124,10689,592448,961364,718
Income tax benefit (expense)1,256(2,803)5,750(5,847)
Income from continuing operations before real estate joint venture activity125,36286,789454,711358,871
Income from real estate joint venture3412581,129915
Net income125,70387,047455,840359,786
Net income (loss) attributable to noncontrolling interests3,3922,56812,02511,636
Net income available for shareholders122,31184,479443,815348,150
Dividends to MAA Series I preferred shareholders9229222,7662,766
Net income available for MAA common shareholders$ 121,389$ 83,557$ 441,049$ 345,384
Earnings per common share - basic:    
Net income available for MAA common shareholders$ 1.05$ 0.73$ 3.82$ 3.01
Earnings per common share - diluted:    
Net income available for MAA common shareholders$ 1.05$ 0.73$ 3.82$ 3.01
Limited Partnership [Member]    
Revenues:    
Rental and other property revenues$ 520,783$ 452,575$ 1,491,901$ 1,314,507
Expenses:    
Operating expenses, excluding real estate taxes and insurance117,390106,412328,514304,124
Real estate taxes and insurance74,03366,426214,006199,943
Depreciation and amortization136,879134,611404,761397,938
Total property operating expenses328,302307,449947,281902,005
Property management expenses16,26213,83148,42940,522
General and administrative expenses12,18812,67044,09138,763
Interest expense38,63739,234116,663117,773
Loss (gain) on sale of depreciable real estate assets1313(131,963)(134,515)
Gain on sale of non-depreciable real estate assets(431)(170)(809)(202)
Other non-operating expense (income)1,718(10,344)19,248(14,557)
Income before income tax benefit (expense)124,10689,592448,961364,718
Income tax benefit (expense)1,256(2,803)5,750(5,847)
Income from continuing operations before real estate joint venture activity125,36286,789454,711358,871
Income from real estate joint venture3412581,129915
Net income125,70387,047455,840359,786
Net income (loss) attributable to noncontrolling interests00(293)0
Net income available for shareholders125,70387,047456,133359,786
Dividends to MAA Series I preferred shareholders9229222,7662,766
Net income available for MAA common shareholders$ 124,781$ 86,125$ 453,367$ 357,020
Earnings per common share - basic:    
Net income available for MAA common shareholders$ 1.05$ 0.73$ 3.82$ 3.01
Net income available for MAALP common unitholders1.050.733.823.01
Earnings per common share - diluted:    
Net income available for MAA common shareholders1.050.733.823.01
Net income available for MAALP common unitholders$ 1.05$ 0.73$ 3.82$ 3.01

MAA Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets  
Land$ 1,991,472$ 1,977,813
Buildings and improvements and other12,787,86412,454,439
Development and capital improvements in progress297,416247,970
Real Estate Investment Property, at Cost15,076,75214,680,222
Less: Accumulated depreciation(4,180,694)(3,848,161)
Real Estate Investment Property, Net10,896,05810,832,061
Undeveloped land64,31224,015
Investment in real estate joint venture42,44242,827
Real estate assets, net11,002,81210,898,903
Cash and cash equivalents38,99654,302
Restricted cash14,55876,296
Other assets215,347255,681
Assets held for sale66,5140
Total assets11,338,22711,285,182
Liabilities:  
Unsecured notes payable4,154,8204,151,375
Secured notes payable364,331365,315
Accrued expenses and other liabilities647,176584,400
Total liabilities5,166,3275,101,090
Redeemable common stock20,14530,185
Shareholders' equity:  
Preferred Stock, Value, Outstanding99
Common Stock, Value, Outstanding[1]1,1521,151
Additional Paid in Capital7,196,5047,230,956
Accumulated distributions in excess of net income(1,219,599)(1,255,807)
Accumulated other comprehensive loss(10,321)(11,132)
Total MAA shareholders' equity5,967,7455,965,177
Noncontrolling interests - Operating Partnership units164,230165,116
Total Company’s shareholders’ equity6,131,9756,130,293
Noncontrolling interests - consolidated real estate entities19,78023,614
Operating Partnership capital:  
Accumulated other comprehensive loss(10,321)(11,132)
Noncontrolling interests - consolidated real estate entities19,78023,614
Total equity6,151,7556,153,907
Total liabilities and equity11,338,22711,285,182
Limited Partnership [Member]  
Assets  
Land1,991,4721,977,813
Buildings and improvements and other12,787,86412,454,439
Development and capital improvements in progress297,416247,970
Real Estate Investment Property, at Cost15,076,75214,680,222
Less: Accumulated depreciation(4,180,694)(3,848,161)
Real Estate Investment Property, Net10,896,05810,832,061
Undeveloped land64,31224,015
Investment in real estate joint venture42,44242,827
Real estate assets, net11,002,81210,898,903
Cash and cash equivalents38,99654,302
Restricted cash14,55876,296
Other assets215,347255,681
Assets held for sale66,5140
Total assets11,338,22711,285,182
Liabilities:  
Unsecured notes payable4,154,8204,151,375
Secured notes payable364,331365,315
Accrued expenses and other liabilities647,176584,400
Due to general partner1919
Total liabilities5,166,3465,101,109
Redeemable common stock20,14530,185
Shareholders' equity:  
Accumulated other comprehensive loss(10,547)(11,382)
Total Company’s shareholders’ equity6,131,9566,130,274
Noncontrolling interests - consolidated real estate entities19,78023,614
Operating Partnership capital:  
Preferred Units, Preferred Partners' Capital Accounts66,84066,840
General Partners' Capital Account[2]5,911,4335,909,700
Limited Partners' Capital Account[2]164,230165,116
Accumulated other comprehensive loss(10,547)(11,382)
Noncontrolling interests - consolidated real estate entities19,78023,614
Total equity6,151,7366,153,888
Total liabilities and equity$ 11,338,227$ 11,285,182
[1]Number of shares issued and outstanding represents total shares of common stock regardless of classification on the Condensed Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Condensed Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021 are 134,629and 131,559, respectively.
[2]Number of units outstanding represents total OP Units regardless of classification on the Condensed Consolidated Balance Sheets. The number of units classified as redeemable common units on the Condensed Consolidated Balance Sheets as of September 30, 2022 and December 31, 2021 are 134,629 and 131,559, respectively.