Mid-America Apartment Communities Set for Q1 2025 Earnings Release

With a market cap of $18.6 billion, Mid-America Apartment Communities, Inc. (MAA) stands out as a major real estate investment trust (REIT). The company specializes in owning, operating, acquiring, and developing premium apartment communities in high-growth regions across the Southeast, Southwest, and Mid-Atlantic areas of the U.S. As of September 30, 2024, MAA owned interests in over 104,000 apartment units distributed across 16 states and the District of Columbia.

MAA is scheduled to announce its fiscal Q1 2025 earnings results after the market closes on Wednesday, April 30. Analysts predict that the REIT will report a core FFO of $2.16 per share, representing a 2.7% decline from $2.22 per share during the same quarter last year. Historically, MAA has surpassed Wall Street’s core FFO expectations in two of the last four quarters, while it has fallen short in two occasions as well.

Looking ahead to fiscal 2025, forecasts suggest that this Germantown, Tennessee-based company could report a core FFO of $8.80 per share, a slight decrease from $8.88 per share in fiscal 2024. Despite this minor decline, analysts expect core FFO to rebound with a 3.9% annual growth, reaching approximately $9.14 per share by fiscal 2026.

Mid-America Apartment Communities’ stock has increased by 25.1% over the past 52 weeks, significantly outperforming the broader S&P 500 Index, which saw only a 6% rise, and the Real Estate Select Sector SPDR Fund’s (XLRE) 10.9% return during the same period.

After reporting weaker-than-expected Q4 2024 core FFO of $2.23 and revenue of $549.8 million on February 5, MAA’s shares spiked by 1.3% the following day. The company’s guidance for core FFO in 2025 ranged from $8.61 per share to $8.93 per share, landing at a midpoint of $8.77, which aligned with analyst predictions. MAA has noted a peak in new supply deliveries, indicating tighter market conditions that could facilitate rent growth in 2025. Furthermore, low resident turnover and successful implementations of Smart Home technology—boosting rents by $25 per unit—have enhanced investor confidence.

Currently, analysts hold a cautiously optimistic consensus on MAA Stock, assigning an overall “Moderate Buy” rating. Out of 27 analysts covering the stock, 12 recommend a “Strong Buy,” two suggest a “Moderate Buy,” 10 advise on a “Hold,” and three propose “Strong Sell.” As of now, MAA’s stock price is trading below the average analyst price target of $168.15.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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