Mid-America Apartment Communities Inc (N:MAA)

Sector:  N/A Industry:  N/A
 
See Regulatory Filings on SEC
Company Contact
Address: Ste 340, 6584 Poplar Ave
MEMPHIS TN 38138
Tel: N/A
Website: https://www.maac.com
IR: See website
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Key People
H. Eric Bolton
Chairman of the Board, Chief Executive Officer 		A. Bradley Hill
President, Chief Investment Officer 		A.Clay Holder
Chief Financial Officer, Principal Accounting Officer
Thomas L. Grimes
Chief Operating Officer 		Melanie M. Carpenter
Chief Human Resource Officer, Executive Vice President 		Joseph P. Fracchia
Executive Vice President, Chief Technology and Innovation Officer
Robert J. Delpriore
Executive Vice President, Chief Administrative Officer, General Counsel 		Timothy Argo
Executive Vice President, Chief Strategy and Analysis Officer 		 
Business Overview
Mid-America Apartment Communities, Inc. is a multifamily-focused, self-administered and self-managed real estate investment trust. The Company owns, operates, acquires and selectively develops apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the United States. Its segments include Same Store and Non-Same Store and Other. The Same Store segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year. The Non-Same Store and Other segment includes recently acquired communities, communities being developed or on lease-up, communities that have been disposed of or identified for disposition and others. The Non-Same Store and Other segment also includes non-multifamily activities and storm related expenses related to hurricanes. It has ownership interest in apartment units, including communities in development, across 16 states and the District of Columbia.
Financial Overview
For the fiscal year ended 31 December 2023, Mid-America Apartment Communities Inc revenues increased 6% to $2.15B. Net income applicable to common stockholders decreased 13% to $548.9M. Revenues reflect Same Store segment increase of 5% to $2.02B, Non-Same Store and Other segment increase of 30% to $123.7M, NAREIT FFO - Per Share - Diluted - Total increase of 15% to $9.39. Dividend per share increased from $4.68 to $5.60.
Employees: 2,427 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $19,584M as of Dec 31, 2023
Annual revenue (TTM): $2,148M as of Dec 31, 2023
EBITDA (TTM): $1,254M as of Dec 31, 2023
Net annual income (TTM): $548.89M as of Dec 31, 2023
Free cash flow (TTM): -$281.05M as of Dec 31, 2023
Net Debt Last Fiscal Year: $4,499M as of Dec 31, 2023
Shares outstanding: 116,727,107 as of Mar 15, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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