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Mid-America Apartment Communities (MAA)
NYSE:MAA
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.96Last Year’s EPS
1.22Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 0.08%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautiously optimistic outlook with positive indicators for leasing recovery and financial stability, but ongoing challenges from new supply pressures and negative lease pricing persist. The strategic initiatives in technology and efficiency, along with a strong financial position, provide a favorable long-term outlook. However, elevated supply and interest costs remain areas of concern.Company Guidance
During the Mid-America Apartment Communities, Inc. (MAA) fourth quarter and full-year 2024 earnings call, management provided guidance for 2025 with a focus on several key metrics. The company projects a core FFO for 2025 ranging from $8.61 to $8.93 per share, reflecting anticipated momentum in rental pricing. Same-store revenue growth is expected to be 0.4% at the midpoint, driven by blended rental pricing growth of 1.7%, with new lease pricing anticipated to be around negative 1.5% and renewal pricing steady at 4.25%-4.5%. The same-store operating expenses are projected to increase by 3.2%, contributing to a projected decline in same-store NOI of 1.15% at the midpoint. The company plans to maintain a development pipeline of around $1 billion, with anticipated acquisitions of $350 million to $450 million, and dispositions of approximately $325 million. The balance sheet remains strong, with leverage at four times net debt to EBITDA and over $1 billion in liquidity. MAA expects gradually improving market conditions, with declining new supply and strengthening demand dynamics, particularly in the latter half of 2025.Positive Leasing Trends
Encouraging signs of improvement in lease-over-lease pricing, with blended rates showing less seasonal decline than in previous years. January saw an uptick in blended pricing compared to Q4 2024.
Strong Financial Position
MAA reported core FFO for Q4 2024 at $2.23 per share, in line with guidance, and ended the year with over $1 billion in cash and borrowing capacity, maintaining a leverage ratio of 4x net debt to EBITDA.
Decline in New Supply Deliveries
Significant expected drop in new supply deliveries, with a decline of 15-20% in 2025 and 30-40% in 2026, easing supply pressures in target markets.
Technology and Efficiency Initiatives
Investments in technology initiatives, including property-wide Wi-Fi rollout, expected to enhance operational efficiencies and increase margins.
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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
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MAA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $156.87 | $158.86 | +1.27% |
| Oct 30, 2024 | $150.63 | $149.82 | -0.54% |
| Jul 31, 2024 | $137.04 | $143.56 | +4.76% |
| May 01, 2024 | $126.74 | $127.76 | +0.80% |
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.
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FAQ
When does Mid-America Apartment Communities (MAA) report earnings?
Mid-America Apartment Communities (MAA) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Mid-America Apartment Communities (MAA) earnings time?
Mid-America Apartment Communities (MAA) earnings time is at Apr 23, 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 2025 (Q1) is 0.96.
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