Last 7 days
-2.4%
Last 30 days
-11.8%
Last 90 days
-17.2%
Trailing 12 Months
-17.2%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-10 | SANDERS WILLIAM REID | bought | 144,780 | 144 | 1,000 | - |
2023-08-08 | SANDERS WILLIAM REID | bought | 289,680 | 144 | 2,000 | - |
2023-08-07 | SANDERS WILLIAM REID | bought | 440,513 | 146 | 3,000 | - |
2023-05-16 | GRAF ALAN B JR | acquired | - | - | 1,094 | - |
2023-05-16 | LOWDER THOMAS H | acquired | - | - | 1,094 | - |
2023-05-16 | LOWDER JAMES K | acquired | - | - | 1,094 | - |
2023-05-16 | SANDERS WILLIAM REID | acquired | - | - | 1,094 | - |
2023-05-16 | JENNINGS TONI | acquired | - | - | 1,094 | - |
2023-05-16 | Caplan Deborah H | acquired | - | - | 1,094 | - |
2023-05-05 | DelPriore Robert J. | gifted | - | - | -200 | evp, general counsel |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-26 | BROOKFIELD Corp /ON/ | reduced | -18.82 | -14,004,600 | 62,179,100 | 0.24% |
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 5.00 | 917 | -% |
2023-09-20 | BARCLAYS PLC | added | 87.18 | 15,591,000 | 33,271,000 | 0.02% |
2023-09-18 | CAPE ANN SAVINGS BANK | added | 2.45 | 14,822 | 507,061 | 0.34% |
2023-09-12 | Farther Finance Advisors, LLC | added | 25.00 | 1,551 | 7,593 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 36,446 | 36,446 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -448 | 10,213 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 2,378 | 440,394 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 14.1 | 152,126 | 1,056,130 | -% |
2023-08-22 | Asset Dedication, LLC | unchanged | - | - | 6,000 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Jun 08, 2023 | blackrock inc. | 10.1% | 11,803,761 | SC 13G/A | |
Feb 14, 2023 | cohen & steers, inc. | 8.60% | 9,929,972 | SC 13G | |
Feb 09, 2023 | vanguard group inc | 16.61% | 19,175,009 | SC 13G/A | |
Jan 24, 2023 | blackrock inc. | 9.7% | 11,250,066 | SC 13G/A | |
Feb 11, 2022 | state street corp | 6.39% | 7,351,578 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 16.17% | 18,620,838 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 10.9% | 12,596,863 | SC 13G/A | |
Jan 26, 2022 | blackrock inc. | 10.9% | 12,596,863 | SC 13G/A | |
Mar 10, 2021 | blackrock inc. | 10.0% | 11,467,060 | SC 13G/A | |
Feb 10, 2021 | vanguard group inc | 15.89% | 18,171,315 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 13, 2023 | 4 | Insider Trading | |
Sep 13, 2023 | 4 | Insider Trading | |
Sep 13, 2023 | 4 | Insider Trading | |
Sep 13, 2023 | 4 | Insider Trading | |
Sep 13, 2023 | 4 | Insider Trading | |
Sep 12, 2023 | 8-K | Current Report | |
Sep 06, 2023 | 8-K | Current Report | |
Aug 10, 2023 | 4 | Insider Trading | |
Aug 08, 2023 | 4 | Insider Trading | |
Aug 07, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 35.4B | 5.1B | -10.51% | 21.93% | 82.68 | 6.9 | 13.73% | -68.04% |
EQR | 21.9B | 2.0B | -9.58% | -13.91% | 26.32 | 10.88 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -16.05% | -29.97% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 10.6B | 1.8B | -9.43% | -7.12% | 26.2 | 6.03 | 6.75% | -42.80% |
MID-CAP | ||||||||
FRT | 7.2B | 1.1B | -9.72% | -1.76% | 18.62 | 6.52 | 8.31% | 38.10% |
KRG | 4.6B | 820.5M | -7.18% | 23.16% | 163.68 | 5.6 | 29.95% | 125.56% |
VNO | 4.2B | 1.8B | -10.24% | -2.78% | -11.27 | 2.3 | 5.60% | -286.96% |
MAC | 2.3B | 866.2M | -8.46% | 38.20% | -26.75 | 2.69 | 0.51% | -335.26% |
SMALL-CAP | ||||||||
SLG | 2.4B | 882.0M | -7.85% | -1.63% | -5.34 | 2.67 | 11.76% | -239.94% |
SKT | 2.3B | 426.3M | -3.29% | 65.38% | 24.82 | 5.51 | 1.38% | 137.97% |
PGRE | 973.5M | 732.3M | -12.67% | -28.09% | -11.42 | 1.33 | -0.03% | -4012.90% |
AIV | 955.8M | 339.3M | -13.75% | -8.90% | -5.41 | 2.82 | 88.48% | -168.70% |
11.1%
7.8%
8.0%
3.0%
46.9%
30.8%
18.5%
Y-axis is the maximum loss one would have experienced if Mid-America Apartment Communities was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 1.9% | 2,113 | 2,073 | 2,020 | 1,955 | 1,887 | 1,829 | 1,778 | 1,738 | 1,709 | 1,685 | 1,678 | 1,671 | 1,664 | 1,658 | 1,641 | 1,622 | 1,604 | 1,587 | 1,571 | 1,574 | 1,560 |
S&GA Expenses | -2.9% | 57.00 | 58.00 | 59.00 | 58.00 | 59.00 | 56.00 | 53.00 | 50.00 | 49.00 | 47.00 | 47.00 | 46.00 | 45.00 | 45.00 | 44.00 | 46.00 | 42.00 | 41.00 | 39.00 | 31.00 | 37.00 |
EBITDA | -100.0% | - | 1,376 | 1,345 | 1,343 | 1,307 | 1,317 | 1,253 | 1,138 | 1,105 | 957 | 944 | 1,012 | 1,032 | 1,019 | 1,045 | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.66* | 0.67* | 0.69* | 0.69* | 0.72* | 0.70* | 0.65* | 0.65* | 0.57* | 0.56* | 0.61* | 0.62* | 0.61* | 0.64* | - | - | - | - | - | - |
Interest Expenses | -1.4% | 151 | 153 | 155 | 156 | 156 | 156 | 157 | 159 | 161 | 164 | 168 | 170 | 174 | 178 | 180 | 181 | 181 | 178 | 174 | 176 | 174 |
Earnings Before Taxes | -9.0% | 614 | 675 | 647 | 647 | 613 | 625 | 563 | 451 | 424 | 277 | 266 | 335 | 355 | 341 | 369 | 277 | 249 | 247 | 232 | 234 | 249 |
EBT Margin | -100.0% | - | 0.33* | 0.32* | 0.33* | 0.32* | 0.34* | 0.32* | 0.26* | 0.25* | 0.16* | 0.16* | 0.20* | 0.21* | 0.21* | 0.22* | - | - | - | - | - | - |
Net Income | -9.8% | 598 | 663 | 637 | 629 | 592 | 597 | 534 | 431 | 407 | 266 | 255 | 321 | 340 | 327 | 354 | 266 | 240 | 238 | 223 | 225 | 239 |
Net Income Margin | -100.0% | - | 0.32* | 0.32* | 0.32* | 0.31* | 0.33* | 0.30* | 0.25* | 0.24* | 0.16* | 0.15* | 0.19* | 0.20* | 0.20* | 0.22* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 1,097 | 1,058 | 1,024 | 962 | 926 | 895 | 858 | 832 | 811 | 824 | 804 | 803 | 787 | 781 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2018Q4 | 2014Q1 | 2013Q4 | 2013Q3 |
Assets | 0.3% | 11,391 | 11,352 | 11,241 | 11,338 | 11,280 | 11,199 | 11,285 | 11,254 | 11,242 | 11,192 | 11,195 | 11,129 | 11,131 | 11,156 | 11,230 | 11,248 | 11,275 | 11,324 | 6,786 | 6,842 | 3,028 |
Cash Equivalents | 5.4% | 150 | 142 | 39.00 | 39.00 | 61.00 | 60.00 | 131 | 30.00 | 32.00 | 33.00 | 25.00 | 18.00 | 20.00 | 35.00 | 71.00 | 26.00 | 41.00 | 52.00 | - | - | 181 |
Goodwill | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.00 |
Liabilities | 1.2% | 5,020 | 4,962 | 5,031 | 5,166 | 5,090 | 5,069 | 5,101 | 5,139 | 5,100 | 5,155 | 5,091 | 4,996 | 4,946 | 4,929 | 4,927 | 4,997 | 4,990 | 4,942 | - | - | 1,993 |
Shareholder's Equity | -0.3% | 6,162 | 6,183 | 6,005 | 5,968 | 5,983 | 5,920 | 5,965 | 5,897 | 5,919 | 5,805 | 6,088 | 5,904 | 5,955 | 5,997 | 6,289 | 6,016 | 6,051 | 6,372 | - | - | 990 |
Additional Paid-In Capital | 0.0% | 7,406 | 7,408 | 7,203 | 7,197 | 7,192 | 7,198 | 7,231 | 7,217 | 7,202 | 7,183 | 7,177 | 7,173 | 7,169 | 7,170 | 7,166 | 7,150 | 7,146 | 7,138 | - | - | 1,562 |
Shares Outstanding | 0.1% | 117 | 117 | 115 | 115 | 115 | 115 | 115 | 115 | 115 | 114 | 114 | 114 | 114 | 114 | 114 | 114 | 114 | 114 | - | - | - |
Minority Interest | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 40.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 4.7% | 1,149 | 1,097 | 1,058 | 1,024 | 962 | 926 | 895 | 858 | 832 | 811 | 824 | 804 | 803 | 787 | 781 | 755 | 739 | 700 | 734 | 948 | 728 |
Share Based Compensation | -5.2% | 17.00 | 18.00 | 19.00 | 18.00 | 18.00 | 18.00 | 17.00 | 15.00 | 15.00 | 14.00 | 14.00 | 15.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 12.00 | 12.00 | 14.00 |
Cashflow From Investing | -39.2% | -640 | -460 | -405 | -398 | -178 | -224 | -253 | -461 | -419 | -507 | -484 | -300 | -295 | -275 | -238 | -309 | -285 | -263 | -366 | -265 | -442 |
Cashflow From Financing | -2.3% | -566 | -553 | -722 | -613 | -604 | -672 | -546 | -383 | -404 | -309 | -374 | -518 | -529 | -522 | -524 | -482 | -456 | -438 | -405 | -608 | -341 |
Dividend Payments | 6.6% | 614 | 576 | 540 | 513 | 487 | 479 | 470 | 467 | 463 | 460 | 457 | 452 | 448 | 443 | 438 | 433 | 429 | 426 | 420 | 420 | 420 |
Buy Backs | - | - | - | 14.00 | - | - | - | 9.00 | - | - | - | 6.00 | - | - | - | 4.00 | - | - | - | 3.00 | - | - |
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues: | ||||
Rental and other property revenues | $ 535,146 | $ 495,040 | $ 1,064,179 | $ 971,118 |
Expenses: | ||||
Operating expenses, excluding real estate taxes and insurance | 116,604 | 110,007 | 225,208 | 211,124 |
Real estate taxes and insurance | 77,729 | 71,670 | 151,928 | 139,973 |
Depreciation and amortization | 138,972 | 134,144 | 277,473 | 267,882 |
Total property operating expenses | 333,305 | 315,821 | 654,609 | 618,979 |
Property management expenses | 16,091 | 15,630 | 34,019 | 32,167 |
General and administrative expenses | 13,882 | 15,580 | 29,805 | 31,903 |
Interest expense | 36,723 | 38,905 | 74,004 | 78,026 |
Loss (gain) on sale of depreciable real estate assets | 1 | (131,965) | (14) | (131,964) |
Gain on sale of non-depreciable real estate assets | 0 | (355) | (54) | (378) |
Other non-operating (income) expense | (16,992) | 28,325 | (20,459) | 17,530 |
Income before income tax (expense) benefit | 152,136 | 213,099 | 292,269 | 324,855 |
Income tax (expense) benefit | (2,861) | 3,052 | (3,805) | 4,494 |
Income from continuing operations before real estate joint venture activity | 149,275 | 216,151 | 288,464 | 329,349 |
Income from real estate joint venture | 382 | 409 | 767 | 788 |
Net income | 149,657 | 216,560 | 289,231 | 330,137 |
Net income (loss) attributable to noncontrolling interests | 3,969 | 5,858 | 7,633 | 8,633 |
Net income available for shareholders | 145,688 | 210,702 | 281,598 | 321,504 |
Dividends to MAA Series I preferred shareholders | 922 | 922 | 1,844 | 1,844 |
Net income available for MAA common shareholders | $ 144,766 | $ 209,780 | $ 279,754 | $ 319,660 |
Earnings per common share - basic: | ||||
Net income available for MAA common shareholders | $ 1.24 | $ 1.82 | $ 2.4 | $ 2.77 |
Earnings per common share - diluted: | ||||
Net income available for MAA common shareholders | $ 1.24 | $ 1.82 | $ 2.4 | $ 2.76 |
Limited Partnership [Member] | ||||
Revenues: | ||||
Rental and other property revenues | $ 535,146 | $ 495,040 | $ 1,064,179 | $ 971,118 |
Expenses: | ||||
Operating expenses, excluding real estate taxes and insurance | 116,604 | 110,007 | 225,208 | 211,124 |
Real estate taxes and insurance | 77,729 | 71,670 | 151,928 | 139,973 |
Depreciation and amortization | 138,972 | 134,144 | 277,473 | 267,882 |
Total property operating expenses | 333,305 | 315,821 | 654,609 | 618,979 |
Property management expenses | 16,091 | 15,630 | 34,019 | 32,167 |
General and administrative expenses | 13,882 | 15,580 | 29,805 | 31,903 |
Interest expense | 36,723 | 38,905 | 74,004 | 78,026 |
Loss (gain) on sale of depreciable real estate assets | 1 | (131,965) | (14) | (131,964) |
Gain on sale of non-depreciable real estate assets | 0 | (355) | (54) | (378) |
Other non-operating (income) expense | (16,992) | 28,325 | (20,459) | 17,530 |
Income before income tax (expense) benefit | 152,136 | 213,099 | 292,269 | 324,855 |
Income tax (expense) benefit | (2,861) | 3,052 | (3,805) | 4,494 |
Income from continuing operations before real estate joint venture activity | 149,275 | 216,151 | 288,464 | 329,349 |
Income from real estate joint venture | 382 | 409 | 767 | 788 |
Net income | 149,657 | 216,560 | 289,231 | 330,137 |
Net income (loss) attributable to noncontrolling interests | 0 | 0 | 0 | (293) |
Net income available for shareholders | 149,657 | 216,560 | 289,231 | 330,430 |
Dividends to MAA Series I preferred shareholders | 922 | 922 | 1,844 | 1,844 |
Net income available for MAA common shareholders | $ 148,735 | $ 215,638 | $ 287,387 | $ 328,586 |
Earnings per common share - basic: | ||||
Net income available for MAALP common unitholders | $ 1.24 | $ 1.82 | $ 2.4 | $ 2.77 |
Earnings per common share - diluted: | ||||
Net income available for MAALP common unitholders | $ 1.24 | $ 1.82 | $ 2.4 | $ 2.76 |
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | ||||
---|---|---|---|---|---|---|
Assets | ||||||
Land | $ 2,008,523 | $ 2,008,364 | ||||
Buildings and improvements and other | 13,076,345 | 12,841,947 | ||||
Development and capital improvements in progress | 394,798 | 332,035 | ||||
Real Estate Investment Property, at Cost | 15,479,666 | 15,182,346 | ||||
Less: Accumulated depreciation | (4,579,117) | (4,302,747) | ||||
Real Estate Investment Property, Net | 10,900,549 | 10,879,599 | ||||
Undeveloped land | 73,861 | 64,312 | ||||
Investment in real estate joint venture | 42,347 | 42,290 | ||||
Real estate assets, net | 11,016,757 | 10,986,201 | ||||
Cash and cash equivalents | 150,155 | 38,659 | ||||
Restricted cash | 13,570 | 22,412 | ||||
Other assets | 210,688 | 193,893 | ||||
Total assets | 11,391,170 | 11,241,165 | ||||
Liabilities: | ||||||
Unsecured notes payable | 4,033,091 | 4,050,910 | ||||
Secured notes payable | 363,302 | 363,993 | ||||
Accrued expenses and other liabilities | 623,714 | 615,843 | ||||
Total liabilities | 5,020,107 | 5,030,746 | ||||
Redeemable common stock | 20,991 | 20,671 | ||||
Shareholders' equity: | ||||||
Preferred stock, value, outstanding | 9 | 9 | ||||
Common stock, value, outstanding | [1] | 1,168 | 1,152 | |||
Additional Paid in Capital | 7,405,572 | 7,202,834 | ||||
Accumulated distributions in excess of net income | (1,235,118) | (1,188,854) | ||||
Accumulated other comprehensive loss | (9,514) | (10,052) | ||||
Total MAA shareholders' equity | 6,162,117 | 6,005,089 | ||||
Noncontrolling interests - Operating Partnership units | 165,626 | 163,595 | ||||
Total Company’s shareholders’ equity | 6,327,743 | 6,168,684 | ||||
Noncontrolling interests - consolidated real estate entities | 22,329 | 21,064 | ||||
Operating Partnership capital: | ||||||
Accumulated other comprehensive loss | (9,514) | (10,052) | ||||
Noncontrolling interests - consolidated real estate entities | 22,329 | 21,064 | ||||
Total equity | 6,350,072 | 6,189,748 | ||||
Total liabilities and equity | 11,391,170 | 11,241,165 | ||||
Limited Partnership [Member] | ||||||
Assets | ||||||
Land | 2,008,523 | 2,008,364 | ||||
Buildings and improvements and other | 13,076,345 | 12,841,947 | ||||
Development and capital improvements in progress | 394,798 | 332,035 | ||||
Real Estate Investment Property, at Cost | 15,479,666 | 15,182,346 | ||||
Less: Accumulated depreciation | (4,579,117) | (4,302,747) | ||||
Real Estate Investment Property, Net | 10,900,549 | 10,879,599 | ||||
Undeveloped land | 73,861 | 64,312 | ||||
Investment in real estate joint venture | 42,347 | 42,290 | ||||
Real estate assets, net | 11,016,757 | 10,986,201 | ||||
Cash and cash equivalents | 150,155 | 38,659 | ||||
Restricted cash | 13,570 | 22,412 | ||||
Other assets | 210,688 | 193,893 | ||||
Total assets | 11,391,170 | 11,241,165 | ||||
Liabilities: | ||||||
Unsecured notes payable | 4,033,091 | 4,050,910 | ||||
Secured notes payable | 363,302 | 363,993 | ||||
Accrued expenses and other liabilities | 623,714 | 615,843 | ||||
Total liabilities | 5,020,126 | 5,030,765 | ||||
Redeemable common stock | 20,991 | 20,671 | ||||
Shareholders' equity: | ||||||
Accumulated other comprehensive loss | (9,712) | (10,268) | ||||
Total Company’s shareholders’ equity | 6,327,724 | 6,168,665 | ||||
Noncontrolling interests - consolidated real estate entities | 22,329 | 21,064 | ||||
Operating Partnership capital: | ||||||
Preferred Units, Preferred Partners' Capital Accounts | 66,840 | 66,840 | ||||
General Partners' Capital Account | [2] | 6,104,970 | 5,948,498 | |||
Limited Partners' Capital Account | [2] | 165,626 | 163,595 | |||
Accumulated other comprehensive loss | (9,712) | (10,268) | ||||
Noncontrolling interests - consolidated real estate entities | 22,329 | 21,064 | ||||
Total equity | 6,350,053 | 6,189,729 | ||||
Total liabilities and equity | 11,391,170 | 11,241,165 | ||||
Limited Partnership [Member] | Related Party [Member] | ||||||
Liabilities: | ||||||
Due to general partner | $ 19 | $ 19 | ||||
|