Last $72.29 USD
Change Today -0.061 / -0.08%
Volume 71.9K
MAA On Other Exchanges
Symbol
Exchange
New York
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As of 2:05 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

mid-america apartment comm (MAA) Snapshot

Open
$72.35
Previous Close
$72.35
Day High
$72.67
Day Low
$72.17
52 Week High
07/30/14 - $75.09
52 Week Low
12/19/13 - $59.23
Market Cap
5.4B
Average Volume 10 Days
258.2K
EPS TTM
$1.19
Shares Outstanding
75.2M
EX-Date
07/11/14
P/E TM
61.0x
Dividend
$2.92
Dividend Yield
3.99%
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: 06/17/14
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
General Counsel and Executive Vice President
Total Annual Compensation: $188.0K
Compensation as of Fiscal Year 2013.

mid-america apartment comm (MAA) Key Developments

Mid-America Apartment Communities Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Funds from Operations Guidance for the Third Quarter, Fourth Quarter and Full Year of 2014

Mid-America Apartment Communities Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total operating revenues of $244,554,000 compared with $131,801,000 for the same period a year ago. Income from continuing operations before non-operating items was $57,617,000 compared with $31,920,000 for the same period a year ago. Income before income tax expense was $26,906,000 compared with $16,390,000 for the same period a year ago. Income from continuing operations was $29,302,000 or $0.42 per diluted share compared with $16,214,000 or $0.36 per diluted share for the same period a year ago. Net income available for MAA common shareholders was $31,613,000 or $0.42 per diluted share compared with $59,089,000 or $1.37 per diluted share for the same period a year ago. Funds from operations was $95,513,000 or $1.20 per diluted share compared with $50,835,000 or $1.14 per diluted share for the same period a year ago. Core funds from operations was $93,874,000 or $1.18 per diluted share compared with $56,781,000 or $1.28 per diluted share for the same period a year ago. Core adjusted funds from operations was $74,268,000 or $0.94 per diluted share compared with $46,634,000 or $1.05 per diluted share for the same period a year ago. Recurring capital expenditures was $19,606,000 compared with $10,147,000 for the same period a year ago. Recurring EBITDA was $133,016,000 compared with $73,109,000 for the same period a year ago. For the six months, the company reported total operating revenues of $488,041,000 compared with $259,721,000 for the same period a year ago. Income from continuing operations before non-operating items was $96,446,000 compared with $68,767,000 for the same period a year ago. Income before income tax expense was $33,898,000 compared with $36,782,000 for the same period a year ago. Income from continuing operations was $36,000,000 or $0.54 per diluted share compared with $36,437,000 or $0.82 per diluted share for the same period a year ago. Net income available for MAA common shareholders was $46,479,000 or $0.62 per diluted share compared with $80,269,000 or $1.87 per diluted share for the same period a year ago. Funds from operations was $192,872,000 or $2.43 per diluted share compared with $106,054,000 or $2.40 per diluted share for the same period a year ago. Core funds from operations was $189,464,000 or $2.39 per diluted share compared with $111,954,000 or $2.53 per diluted share for the same period a year ago. Core adjusted funds from operations was $163,805,000 or $2.07 per diluted share compared with $96,202,000 or $2.17 per diluted share for the same period a year ago. Recurring capital expenditures was $25,659,000 compared with $15,752,000 for the same period a year ago. Recurring EBITDA was $268,381,000 compared with $145,282,000 for the same period a year ago. Based on the company's performance in the second quarter and revised expectations for both apartment operations and transaction activity over the remainder of the year, the company is updating its earnings guidance for 2014. Management now believes a Core FFO per share range for the full-year 2014 of $4.79 to $4.95 is appropriate. Core FFO per share is expected to be in the range of $1.15 to $1.27 for the third quarter, and $1.21 to $1.33 for the fourth quarter. The company expects recurring capital expenditures of approximately $60 million for 2014, producing core AFFO per share in the range of $4.04 to $4.20 for the full year.

Mid-America Apartment Communities Inc. to Report Q2, 2014 Results on Jul 30, 2014

Mid-America Apartment Communities Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014

Mid-America Apartment Communities Inc., Q2 2014 Earnings Call, Jul 31, 2014

Mid-America Apartment Communities Inc., Q2 2014 Earnings Call, Jul 31, 2014

 

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Industry Analysis

MAA

Industry Average

Valuation MAA Industry Range
Price/Earnings 100.0x
Price/Sales 6.3x
Price/Book 1.9x
Price/Cash Flow 15.0x
TEV/Sales 2.0x
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