Last $68.88 USD
Change Today +0.06 / 0.09%
Volume 318.4K
MAA On Other Exchanges
Symbol
Exchange
New York
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As of 1:19 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

mid-america apartment comm (MAA) Snapshot

Open
$68.88
Previous Close
$68.82
Day High
$69.13
Day Low
$68.47
52 Week High
05/21/13 - $74.94
52 Week Low
12/19/13 - $59.23
Market Cap
5.2B
Average Volume 10 Days
495.8K
EPS TTM
$1.66
Shares Outstanding
75.0M
EX-Date
04/11/14
P/E TM
41.5x
Dividend
$2.92
Dividend Yield
4.14%
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.

2,151 Employees
Last Reported Date: 02/21/14
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
Executive Vice President and General Counsel
Total Annual Compensation: $188.0K
Compensation as of Fiscal Year 2013.

mid-america apartment comm (MAA) Key Developments

MAA Announces Quarterly Common Dividend, Payable on April 30, 2014

MAA announced that its board of directors approved a quarterly common dividend of $0.73 per share payable on April 30, 2014 to shareholders of record on April 15, 2014.

Mid-America Seeks To Sell Assets

Mid-America Apartment Communities Inc. (NYSE:MAA) seeks to sell assets. "There is a lot of liquidity. There is tremendous appetite out there for multi-family real estate. We sold roughly $135 million of properties last year. These are some of our older assets in some of our more tertiary markets. We had multiple bids on all of the transactions. We will be bringing roughly about $150 million portfolio to the market this year of multi-family, already getting a lot of inquiries about that. So huge appetite. I think financing is readily available. And so with that level of appetite, cap rates show all kind of signs of staying stable where they are. I mean we're seeing assets trade in Nashville, newer assets that we're looking at, 5, sub-5 rates. We're seeing assets in Charleston, some of the smaller markets at 5.5% to 5.75%. So cap rates show signs of being pretty sticky right now, just given the huge investor interest in the area. I think we have to see a more material move up in interest rates to really begin to affect cap rates in any sort of meaningful way given that level of investor appetite. As long as NOIs continue to show the strength that they are, we feel pretty good about where values are going to hang in there and cap rates are going to remain pretty sticky," said Eric Bolton, Mid-America Apartment Communities, Inc. - Chairman & Chief Executive Officer.

Mid-America Apartment Communities Inc. Presents at Citi 2014 Global Property CEO Conference, Mar-05-2014 09:30 AM

Mid-America Apartment Communities Inc. Presents at Citi 2014 Global Property CEO Conference, Mar-05-2014 09:30 AM. Venue: The Westin Diplomat, 3555 South Ocean Drive, Hollywood, FL 33019, United States. Speakers: Albert M. Campbell, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, H. Eric Bolton, Chairman, Chief Executive Officer, President, and Director.

 

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MAA Competitors

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Industry Analysis

MAA

Industry Average

Valuation MAA Industry Range
Price/Earnings 100.0x
Price/Sales 8.1x
Price/Book 1.7x
Price/Cash Flow 17.1x
TEV/Sales 2.2x
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