JMP Securities has reaffirmed its 'Market Outperform' rating for
Mid-America Apartment Communities (MAA), signaling confidence in the company's performance. MAA's stock has been outperforming competitors, despite sporadic trading days with losses. MAA has announced several leadership transitions, including the appointment of Sheila K. McGrath to the company's Board of Directors and the planned retirement of Albert M. Campbell, CFO, with A. Clay Holder to be promoted internally. The company has seen strong Core FFO in Q3 2024, shown in the Earnings Call Highlights. MAA is not only a robust dividend payer, having increased the quarterly common dividend and raised payout 3.1%, but it also revealed a superb track record, turning $1,000 into $8,047 over the past 20 years. Despite minor damage from Hurricanes Helene and Milton, MAA retrospectively showed a 3,880% total return since 1994. MAA's Q3 revenue rose although the EPS fell, while the FFO & Revenues beat estimation for Q2 and Q3, respectively. MAA sees an end to the apartment supply glut and moves its outlook up for 2025. However, Greystar has now surpassed MAA as the nation's largest apartment owner.
Mid-America Apartment Communities MAA News Analytics from Wed, 05 Aug 2020 13:09:55 GMT to Fri, 10 Jan 2025 23:38:03 GMT -
Rating 7
- Innovation 2
- Information 9
- Rumor -3
