MAA dividend yield – Mid-America Apartment Communities Increases Dividend by 5%, Reaches $1.47 per Share
December 13, 2023
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MID-AMERICA ($NYSE:MAA): Mid-America Apartment Communities, a real estate investment trust (REIT) specializing in multifamily housing, is pleased to announce that it has raised its quarterly dividend by 5%, bringing it to $1.47 per share. The company is focused on providing high quality housing to its customers and creating long-term value for its shareholders. The increased dividend reflects the company’s confidence in its ability to generate consistent cash flow from its operations in the coming years.
The dividend increase is an indication of the company’s continued commitment to delivering attractive returns to its shareholders. Mid-America Apartment Communities is a great investment opportunity for those seeking steady income from their portfolio.
Dividends – MAA dividend yield
This impressive increase marks a steady growth in dividend payout, with the last 3 years of dividend per share being $5.45, $4.68 and $4.1 USD. Moreover, the dividend yields from 2021 to 2023 are 3.57%, 2.5% and 2.68%, which averages out to 2.92%. For those looking to invest in dividend stocks, MID-AMERICA APARTMENT COMMUNITIES is worth considering. With a stable growth in dividend payout over the past three years and an average yield of 2.92%, investors can be confident in the security of their income from this company.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MAA. More…
| Total Revenues | Net Income | Net Margin |
| 2.13k | 581.97 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MAA. More…
| Operations | Investing | Financing |
| 1.12k | -419.16 | -582.47 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MAA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.38k | 5.06k | 52.57 |
Key Ratios Snapshot
Some of the financial key ratios for MAA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 32.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – MAA Stock Intrinsic Value
At GoodWhale, we offer a comprehensive financial analysis of MID-AMERICA APARTMENT COMMUNITIES. Our proprietary Valuation Line calculates that the fair value of MID-AMERICA APARTMENT COMMUNITIES share is around $197.1. In comparison, the stock is currently traded at $127.6, undervalued by 35.2%. This indicates that now is an excellent time to invest in the stock of MID-AMERICA APARTMENT COMMUNITIES. More…
Peers
Mid-America Apartment Communities Inc (MAA) is a real estate investment trust that owns, operates, and develops apartment communities in the United States. MAA has a portfolio of over 100,000 apartments in 21 states. MAA’s competitors include Centerspace, American Homes 4 Rent, and Sun Communities Inc.
– Centerspace ($NYSE:CSR)
Centerspace is a leading provider of real estate solutions and services. It has a market cap of 1.01B as of 2022. The company offers a comprehensive range of services including property management, asset management, development, and investment management. It has a strong presence in the United States, Canada, and Europe.
– American Homes 4 Rent ($NYSE:AMH)
American Homes 4 Rent is a publicly traded real estate investment trust that invests in, acquires, and operates residential properties in the United States. As of December 31, 2020, the Company owned 54,537 single-family homes in 26 states. The Company’s homes are leased to residents on a month-to-month basis and are not subject to long-term leases.
– Sun Communities Inc ($NYSE:SUI)
Sun Communities Inc. is a real estate investment trust that owns, operates, and develops manufactured housing and RV communities. As of December 31, 2020, the company owned, operated, or had an interest in 358 manufactured housing and RV communities comprising approximately 148,000 developed sites. It serves customers in the United States. The company was founded in 1976 and is based in Southfield, Michigan.
Summary
Mid-America Apartment Communities, Inc (MAA) is a real estate investment trust that owns, operates, and develops apartment communities in the United States. The company recently announced a 5% increase to its quarterly dividend, bringing the payout to $1.47 per share. This move indicates that the company is confident in its ability to generate steady cash flow going forward. Analysts have noted that the company’s recent acquisition of multifamily properties and favorable market conditions have been driving strong performance and growth.
In addition, the company has a strong balance sheet with low leverage and ample liquidity, making it well positioned for sustained success.
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