MAA
Mid-America Apartment Communities, Inc.133.19
+0.49+0.37%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
15.99BP/E (TTM)
28.28Basic EPS (TTM)
4.71Dividend Yield
0.05%Recent Filings
8-K
8-K
10-Q
Q3 FY2025 results
Mid-America Apartment Communities edged up rental revenues 0.6% year-over-year to $554.4M in Q3 ended September 30, 2025, yet Same Store NOI dipped 1.8% amid higher personnel, utilities, and tax costs that outpaced a slim 0.4% drop in average effective rent per unit. Net income available to common shareholders fell 13.7% to $98.6M, or $0.84 diluted EPS—down from $0.98—while YTD figures show a 7.9% rise to $386.6M, or $3.30 EPS, buoyed by a $71.8M gain on property sales. Operating cash flow hit $816.5M YTD, funding $492.7M in investments including a $96M acquisition; free cash flow stood at $559.3M after $257.2M capex (derived). Debt totals $5.2B at 3.8% weighted rate, with $32.2M cash and $1.25B revolver availability. Legal battles over pricing software loom as a key risk.
8-K
MAA renews $1.5B credit line
Mid-America Apartments, L.P. secured a $1.5 billion unsecured revolving credit facility on October 21, 2025, maturing January 21, 2030, with an accordion option to expand to $2.0 billion. Interest rates tie to SOFR or base rate plus margins from 0.65% to 1.40%, based on credit ratings, while proceeds fund general corporate needs like debt repayment and note backstops. Yet covenants cap leverage tightly. Facility strengthens liquidity.
8-K
MAA's 2025 capital update
Mid-America Apartment Communities released its September 2025 Capital Markets Update, highlighting a robust $1B development pipeline and $250M-$350M in planned acquisitions amid easing Sunbelt supply pressures. The company forecasts 2025 Core FFO per share of $8.65-$8.89, with same store NOI growth at -1.90% to -0.40% as absorption outpaces deliveries. Balance sheet strength supports growth; yet supply lingers in key markets. Momentum builds.
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