Last 7 days
-5.5%
Last 30 days
-14.4%
Last 90 days
-9.7%
Trailing 12 Months
-29.0%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 49.9B | 4.2B | -4.69% | -18.91% | 11.48 | 11.94 | 22.43% | 122.66% |
DLR | 27.4B | 4.7B | -13.06% | -30.36% | 72.66 | 5.85 | 5.96% | -77.90% |
EQR | 21.1B | 2.7B | -13.45% | -34.66% | 27.15 | 7.77 | 11.91% | -41.71% |
ARE | 19.8B | 2.6B | -26.23% | -37.57% | 38.02 | 7.66 | 22.46% | -8.68% |
KIM | 10.9B | 1.7B | -4.07% | -25.83% | 86.7 | 6.32 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 7.5B | 1.1B | -13.40% | -19.63% | 19.4 | 6.96 | 12.95% | 47.42% |
KRG | 4.2B | 802.0M | -10.76% | -9.22% | -332.18 | 5.23 | 114.83% | 84.36% |
VNO | 2.5B | 1.8B | -37.64% | -69.18% | -7.3 | 1.41 | 13.26% | -296.88% |
MAC | 2.0B | 859.2M | -23.08% | -34.08% | -30.3 | 2.33 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | 5.30% | 16.12% | 22.96 | 4.63 | 3.35% | 1705.32% |
SLG | 1.3B | 826.7M | -43.31% | -73.02% | -17.18 | 1.62 | -2.04% | -117.36% |
AIV | 1.0B | 190.3M | -5.57% | -5.31% | 11.05 | 5.35 | 12.08% | 1950.56% |
PGRE | 868.4M | 740.4M | -27.62% | -62.25% | -23.86 | 1.17 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 3.3% | 2,020 | 1,955 | 1,887 | 1,829 | 1,778 |
S&GA Expenses | 1.1% | 59.00 | 58.00 | 59.00 | 56.00 | 53.00 |
EBITDA | 0.1% | 1,345 | 1,343 | 1,307 | 1,317 | - |
EBITDA Margin | -3.1% | 0.67* | 0.69* | 0.69* | 0.72* | - |
Earnings Before Taxes | -0.1% | 647 | 647 | 613 | 625 | 563 |
EBT Margin | -3.2% | 0.32* | 0.33* | 0.32* | 0.34* | - |
Interest Expenses | -0.7% | 155 | 156 | 156 | 156 | 157 |
Net Income | 1.3% | 637 | 629 | 592 | 597 | 534 |
Net Income Margin | -2.0% | 0.32* | 0.32* | 0.31* | 0.33* | - |
Free Cahsflow | 3.4% | 1,058 | 1,024 | 962 | 926 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -0.9% | 11,241 | 11,338 | 11,280 | 11,199 | 11,285 |
Cash Equivalents | -0.9% | 39.00 | 39.00 | 61.00 | 60.00 | 54.00 |
Liabilities | -2.6% | 5,031 | 5,166 | 5,090 | 5,069 | 5,101 |
Shareholder's Equity | 0.6% | 6,005 | 5,968 | 5,983 | 5,920 | 5,965 |
Additional Paid-In Capital | 0.1% | 7,203 | 7,197 | 7,192 | 7,198 | 7,231 |
Shares Outstanding | 0.0% | 115 | 115 | 115 | 115 | 115 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 3.4% | 1,058 | 1,024 | 962 | 926 | 895 |
Share Based Compensation | 1.7% | 19.00 | 18.00 | 18.00 | 18.00 | 17.00 |
Cashflow From Investing | -1.7% | -405 | -398 | -178 | -224 | -253 |
Cashflow From Financing | -17.8% | -722 | -613 | -604 | -672 | -546 |
Dividend Payments | 5.1% | 540 | 513 | 487 | 479 | 470 |
Buy Backs | 55.3% | 14.00 | 9.00 | - | - | - |
46.9%
29.6%
18.5%
Y-axis is the maximum loss one would have experienced if Mid-America Apartment Communities was unfortunately bought at previous high price.
11.2%
8.6%
13.5%
21.7%
FIve years rolling returns for Mid-America Apartment Communities.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 1.42 | 10,709 | 448,709 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 15.26 | 1,226,210 | 8,576,210 | 0.01% |
2023-03-07 | Investure, LLC | unchanged | - | 236,294 | 19,320,800 | 3.78% |
2023-03-06 | Rockefeller Capital Management L.P. | added | 3.4 | 5,000 | 104,000 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -18.29 | -2,512,290 | 12,023,700 | 0.02% |
2023-02-27 | Parallax Volatility Advisers, L.P. | sold off | -100 | -427,000 | - | -% |
2023-02-27 | ST GERMAIN D J CO INC | new | - | 37,678 | 37,678 | 0.01% |
2023-02-24 | SRS Capital Advisors, Inc. | added | 2.74 | 5,356 | 129,356 | 0.02% |
2023-02-24 | National Pension Service | added | 6.97 | 2,448,690 | 28,739,400 | 0.06% |
2023-02-24 | NATIXIS | reduced | -72.31 | -813,880 | 317,120 | -% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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 | |
Feb 09, 2021 | state street corp | 5.76% | 6,591,473 | SC 13G |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 83.92 -40.55% | 103.56 -26.64% | 143.59 1.72% | 305.22 116.22% | 509.59 261.00% |
Current Inflation | 77.53 -45.08% | 94.19 -33.27% | 127.68 -9.55% | 264.21 87.17% | 435.92 208.81% |
Very High Inflation | 69.70 -50.62% | 82.92 -41.26% | 109.07 -22.73% | 217.17 53.85% | 352.10 149.43% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 22, 2023 | 3 | Insider Trading | |
Mar 22, 2023 | 4 | Insider Trading | |
Mar 22, 2023 | 4 | Insider Trading | |
Mar 22, 2023 | 4 | Insider Trading | |
Mar 22, 2023 | 4 | Insider Trading | |
Mar 22, 2023 | 4 | Insider Trading | |
Mar 21, 2023 | 8-K | Current Report | |
Mar 08, 2023 | 8-K | Current Report | |
Mar 03, 2023 | 8-K | Current Report | |
Feb 21, 2023 | 4 | Insider Trading |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-03-21 | Caplan Deborah H | acquired | - | - | 509 | - |
2023-02-21 | Hill Adrian | sold | -95,941 | 164 | -584 | evp, chief investment officer |
2023-02-03 | STOCKERT DAVID P | gifted | - | - | -1,600 | - |
2023-01-11 | Campbell Albert M III | sold | -14,468 | 155 | -93.00 | evp, chief financial officer |
2023-01-11 | Carpenter Melanie | sold | -41,848 | 155 | -269 | evp & chro |
2023-01-11 | DelPriore Robert J. | sold | -153,703 | 155 | -988 | evp, general counsel |
2023-01-09 | DelPriore Robert J. | sold (taxes) | -49,843 | 155 | -320 | evp, general counsel |
2023-01-09 | Carpenter Melanie | sold (taxes) | -17,912 | 155 | -115 | evp & chro |
2023-01-09 | BOLTON H ERIC JR | sold (taxes) | -116,820 | 155 | -750 | president and ceo |
2023-01-09 | Argo Timothy | sold (taxes) | -11,526 | 155 | -74.00 | evp, chief strategy & analysis |
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues: | |||
Rental and other property revenues | $ 2,019,866 | $ 1,778,082 | $ 1,677,984 |
Expenses: | |||
Operating expenses, excluding real estate taxes and insurance | 435,108 | 404,288 | 387,966 |
Real estate taxes and insurance | 288,586 | 266,877 | 252,505 |
Depreciation and amortization | 542,998 | 533,433 | 510,842 |
Total property operating expenses | 1,266,692 | 1,204,598 | 1,151,313 |
Property management expenses | 65,463 | 55,732 | 52,300 |
General and administrative expenses | 58,833 | 52,884 | 46,858 |
Interest expense | 154,747 | 156,881 | 167,562 |
Gain on sale of depreciable real estate assets | (214,762) | (220,428) | (9) |
Gain on sale of non-depreciable real estate assets | (809) | (811) | (1,024) |
Other non-operating expense (income) | 42,713 | (33,902) | (4,857) |
Income before income tax benefit (expense) | 646,989 | 563,128 | 265,841 |
Income tax benefit (expense) | 6,208 | (13,637) | (3,327) |
Income from continuing operations before real estate joint venture activity | 653,197 | 549,491 | 262,514 |
Income from real estate joint venture | 1,579 | 1,211 | 1,501 |
Net income | 654,776 | 550,702 | 264,015 |
Net income (loss) attributable to noncontrolling interests | 17,340 | 16,911 | 9,053 |
Net income available for shareholders | 637,436 | 533,791 | 254,962 |
Distributions to MAALP preferred unitholders | 3,688 | 3,688 | 3,688 |
Net income available for MAA common shareholders | $ 633,748 | $ 530,103 | $ 251,274 |
Earnings per common share - basic: | |||
Net income available for MAA common shareholders | $ 5.49 | $ 4.62 | $ 2.20 |
Earnings per common share - diluted: | |||
Net income available for MAA common shareholders | $ 5.48 | $ 4.61 | $ 2.19 |
Limited Partner [Member] | |||
Revenues: | |||
Rental and other property revenues | $ 2,019,866 | $ 1,778,082 | $ 1,677,984 |
Expenses: | |||
Operating expenses, excluding real estate taxes and insurance | 435,108 | 404,288 | 387,966 |
Real estate taxes and insurance | 288,586 | 266,877 | 252,505 |
Depreciation and amortization | 542,998 | 533,433 | 510,842 |
Total property operating expenses | 1,266,692 | 1,204,598 | 1,151,313 |
Property management expenses | 65,463 | 55,732 | 52,300 |
General and administrative expenses | 58,833 | 52,884 | 46,858 |
Interest expense | 154,747 | 156,881 | 167,562 |
Gain on sale of depreciable real estate assets | (214,762) | (220,428) | (9) |
Gain on sale of non-depreciable real estate assets | (809) | (811) | (1,024) |
Other non-operating expense (income) | 42,713 | (33,902) | (4,857) |
Income before income tax benefit (expense) | 646,989 | 563,128 | 265,841 |
Income tax benefit (expense) | 6,208 | (13,637) | (3,327) |
Income from continuing operations before real estate joint venture activity | 653,197 | 549,491 | 262,514 |
Income from real estate joint venture | 1,579 | 1,211 | 1,501 |
Net income | 654,776 | 550,702 | 264,015 |
Net income (loss) attributable to noncontrolling interests | (293) | 0 | 0 |
Net income available for shareholders | 655,069 | 550,702 | 264,015 |
Distributions to MAALP preferred unitholders | 3,688 | 3,688 | 3,688 |
Net income available for MAA common shareholders | $ 651,381 | $ 547,014 | $ 260,327 |
Earnings per common share - basic: | |||
Net income available for MAALP common unitholders | $ 5.49 | $ 4.62 | $ 2.20 |
Earnings per common share - diluted: | |||
Net income available for MAALP common unitholders | $ 5.48 | $ 4.61 | $ 2.20 |
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | ||||
---|---|---|---|---|---|---|
Assets | ||||||
Land | $ 2,008,364 | $ 1,977,813 | ||||
Buildings and improvements and other | 12,841,947 | 12,454,439 | ||||
Development and capital improvements in progress | 332,035 | 247,970 | ||||
Real Estate Investment Property, at Cost | 15,182,346 | 14,680,222 | ||||
Less: Accumulated depreciation | (4,302,747) | (3,848,161) | ||||
Real Estate Investment Property, Net | 10,879,599 | 10,832,061 | ||||
Undeveloped land | 64,312 | 24,015 | ||||
Investment in real estate joint venture | 42,290 | 42,827 | ||||
Real estate assets, net | 10,986,201 | 10,898,903 | ||||
Cash and cash equivalents | 38,659 | 54,302 | ||||
Restricted cash | 22,412 | 76,296 | ||||
Other assets | 193,893 | 255,681 | ||||
Total assets | 11,241,165 | 11,285,182 | ||||
Liabilities: | ||||||
Unsecured notes payable | 4,050,910 | 4,151,375 | ||||
Secured notes payable | 363,993 | 365,315 | ||||
Accrued expenses and other liabilities | 615,843 | 584,400 | ||||
Total liabilities | 5,030,746 | 5,101,090 | ||||
Redeemable common stock | 20,671 | 30,185 | ||||
Shareholders’ equity: | ||||||
Preferred Stock, Value, Outstanding | 9 | 9 | ||||
Common stock | [1] | 1,152 | 1,151 | |||
Additional paid-in capital | 7,202,834 | 7,230,956 | ||||
Accumulated distributions in excess of net income | (1,188,854) | (1,255,807) | ||||
Accumulated other comprehensive loss | (10,052) | (11,132) | ||||
Total MAA shareholders’ equity | 6,005,089 | 5,965,177 | ||||
Noncontrolling interests - Operating Partnership units | 163,595 | 165,116 | ||||
Total Company’s shareholders’ equity | 6,168,684 | 6,130,293 | ||||
Noncontrolling interests - consolidated real estate entities | 21,064 | 23,614 | ||||
Total equity | 6,189,748 | 6,153,907 | ||||
Operating Partnership capital: | ||||||
Accumulated other comprehensive loss | (10,052) | (11,132) | ||||
Total operating partners' capital | 6,168,684 | 6,130,293 | ||||
Noncontrolling interests - consolidated real estate entities | 21,064 | 23,614 | ||||
Total equity | 6,189,748 | 6,153,907 | ||||
Total liabilities and equity | 11,241,165 | 11,285,182 | ||||
Limited Partner [Member] | ||||||
Assets | ||||||
Land | 2,008,364 | 1,977,813 | ||||
Buildings and improvements and other | 12,841,947 | 12,454,439 | ||||
Development and capital improvements in progress | 332,035 | 247,970 | ||||
Real Estate Investment Property, at Cost | 15,182,346 | 14,680,222 | ||||
Less: Accumulated depreciation | (4,302,747) | (3,848,161) | ||||
Real Estate Investment Property, Net | 10,879,599 | 10,832,061 | ||||
Undeveloped land | 64,312 | 24,015 | ||||
Investment in real estate joint venture | 42,290 | 42,827 | ||||
Real estate assets, net | 10,986,201 | 10,898,903 | ||||
Cash and cash equivalents | 38,659 | 54,302 | ||||
Restricted cash | 22,412 | 76,296 | ||||
Other assets | 193,893 | 255,681 | ||||
Total assets | 11,241,165 | 11,285,182 | ||||
Liabilities: | ||||||
Unsecured notes payable | 4,050,910 | 4,151,375 | ||||
Secured notes payable | 363,993 | 365,315 | ||||
Accrued expenses and other liabilities | 615,843 | 584,400 | ||||
Due to general partner | 19 | 19 | ||||
Total liabilities | 5,030,765 | 5,101,109 | ||||
Redeemable common stock | 20,671 | 30,185 | ||||
Shareholders’ equity: | ||||||
Accumulated other comprehensive loss | (10,268) | (11,382) | ||||
Total Company’s shareholders’ equity | 6,168,665 | 6,130,274 | ||||
Noncontrolling interests - consolidated real estate entities | 21,064 | 23,614 | ||||
Total equity | 6,189,729 | 6,153,888 | ||||
Operating Partnership capital: | ||||||
Preferred Units, Preferred Partners' Capital Accounts | 66,840 | 66,840 | ||||
General Partners' Capital Account | [2] | 5,948,498 | 5,909,700 | |||
Limited Partners' Capital Account | [2] | 163,595 | 165,116 | |||
Accumulated other comprehensive loss | (10,268) | (11,382) | ||||
Total operating partners' capital | 6,168,665 | 6,130,274 | ||||
Noncontrolling interests - consolidated real estate entities | 21,064 | 23,614 | ||||
Total equity | 6,189,729 | 6,153,888 | ||||
Total liabilities and equity | $ 11,241,165 | $ 11,285,182 | ||||
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