Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Mid-America Apartment Communities (MAA)
NYSE:MAA
Holding MAA?
Track your performance easily
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.02Last Year’s EPS
$1.37Same Quarter Last Year
Moderate Buy
Based on 16 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 0.82%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with strong operational performance and strategic growth offset by challenges in specific markets and pressures from new supply deliveries. The company is optimistic about future growth opportunities with moderating supply pressures.Company Guidance
During the MAA Q3 2024 earnings call, the company provided detailed guidance on several key metrics. Core FFO exceeded expectations at $2.21 per share, surpassing the midpoint of prior guidance by $0.05. The management highlighted a favorable same-store NOI and anticipates the peak impact of new supply pressures has passed. Occupancy remained strong at 95.7%, with a record low resident turnover rate and collections outperforming expectations, reflected in a net delinquency rate of just 0.4%. New lease pricing declined by 5.4% on a lease-over-lease basis, yet showed less seasonal deceleration compared to previous periods. The development pipeline reached a record level, with eight projects under construction and two new projects launched, totaling 2,762 units at a cost of approximately $978 million. The transactions market saw a notable acquisition of a 310-unit property in Orlando for $84 million and a 386-unit property in Dallas at a 15% discount to replacement costs. The company reaffirmed its same-store NOI and core FFO guidance for the year, adjusting effective rent growth to 0.35% and lowering property operating expense growth projections to 3.75%.Better-than-Expected Core FFO and NOI Performance
Core FFO exceeded expectations with same-store NOI outperforming forecasts due to solid occupancy, record low resident turnover, and strong collections.
Record Low Resident Turnover and Strong Occupancy
MAA experienced record low resident turnover and strong occupancy rates, contributing to positive quarterly results.
Expansion of Development Pipeline
MAA's development pipeline reached a record level with 8 projects under construction, representing 2,762 units at a cost of approximately $978 million.
Successful Acquisition Strategy
Closed on acquisitions totaling over $270 million, achieving an average stabilized NOI yield of 5.9%.
Construction Cost Decline
Observed some construction cost declines in a few markets, with an expectation of further improvement as supply declines.
---
MAA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MAA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $152.15 | $151.34 | -0.53% |
| Jul 31, 2024 | $138.43 | $145.01 | +4.75% |
| May 01, 2024 | $128.02 | $129.06 | +0.81% |
| Feb 07, 2024 | $121.32 | $120.64 | -0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Mid-America Apartment Communities (MAA) report earnings?
Mid-America Apartment Communities (MAA) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Mid-America Apartment Communities (MAA) earnings time?
Mid-America Apartment Communities (MAA) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAA EPS forecast?
MAA EPS forecast for the fiscal quarter 2024 (Q4) is $1.02.
---