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Mid-America Apartment Communities Inc (MAA.N)

MAA.N on New York Stock Exchange

91.65USD
23 May 2018
Change (% chg)

$1.82 (+2.03%)
Prev Close
$89.83
Open
$90.05
Day's High
$92.24
Day's Low
$90.05
Volume
181,900
Avg. Vol
195,444
52-wk High
$110.93
52-wk Low
$85.18

Latest Key Developments (Source: Significant Developments)

MAA Announces 6 Pct Increase In Common Dividend
Wednesday, 6 Dec 2017 

Dec 5 (Reuters) - Mid-America Apartment Communities Inc ::MAA ANNOUNCES 6% INCREASE IN COMMON DIVIDEND.  Full Article

MAA reports Q3 adjusted FFO per share $1.32
Thursday, 26 Oct 2017 

Oct 25 (Reuters) - Mid-america Apartment Communities Inc :MAA reports third quarter results.Q3 adjusted FFO per share $1.32.Q3 FFO per share $1.50.Mid-America Apartment Communities Inc - qtrly ‍net income available for MAA common shareholders was $113.8 million, or $1.00 per diluted common share​.Mid-America Apartment Communities Inc says ‍FFO for Q4 is expected to be in range of $1.40 to $1.50 per share​.Mid-America Apartment Communities Inc says ‍FFO for year is expected to be in range of $5.84 to $5.94 per share​.Mid-America Apartment Communities Inc says ‍expects NOI growth for combined adjusted same store portfolio for full year to be in range of 2.0% to 2.5%​.  Full Article

- MAA and Post Properties to merge in $17 bln combination
Monday, 15 Aug 2016 

Post Properties Inc : MAA and Post Properties to merge in $17 billion combination . Post properties to merge with and into MAA, creating a publicly traded, multifamily reit . Combined company is expected to have a pro forma equity market capitalization of about $12 billion . Company says both board of directors of MAA and board of directors of Post have unanimously approved merger . On a pro forma basis, following merger, former MAA equity holders will hold about 67.7 percent of combined co's equity . Combined company is expected to have total market capitalization of about $17 billion . On a pro forma basis, following merger former post equity holders will hold about 32.3 percent . Alan Graf, Jr. will continue to serve as lead independent director for combined company . H. Eric Bolton, Jr, MAA's CEO and chairman of board of directors, will serve as CEO and chairman of board of directors of combined co . Each share of post common stock will be converted into 0.71 shares of newly issued MAA common stock . All-stock merger is intended to be a tax-deferred transaction . Says number of directors on MAA's board of directors will be increased to 13 . Upon completion of merger, company will retain MAA name and will trade under ticker symbol MAA (NYSE) . Sees annual gross synergies are estimated to be about $20 million . Combined company's corporate headquarters will be located in Memphis, TN.  Full Article

MAA nears deal to buy Post Properties for about $4 bln- WSJ, citng sources
Monday, 15 Aug 2016 

: MAA nears deal to buy Post Properties for about $4 billion- WSJ, citng sources .Post Investors to get 0.71 share of new MAA stock for each share owned; deal could be announced monday.  Full Article

MAA Q2 FFO per share $1.54
Thursday, 28 Jul 2016 

Mid-america Apartment Communities Inc : America Apartment Communities- updating and increasing prior guidance for FY core FFO, now projected to be in a range of $5.77 to $5.93 per share . Expects full year NOI growth for same store portfolio to be in range of 4.75% to 5.25% . MAA reports second quarter results . Q2 FFO per share $1.54 . Q2 adjusted core FFO per share $1.25 . America apartment communities inc says MAA is updating and increasing prior guidance for full year core FFO . Fy2016 FFO per share view $5.91 -- Thomson Reuters I/B/E/S .Sees FY core AFFO is now projected to be in range of $5.07 to $5.23 per share.  Full Article

BRIEF-Mid-America Apartment Communities Announces Pricing Of Senior Unsecured Notes Offering

* MID-AMERICA APARTMENT COMMUNITIES - OPERATING PARTNERSHIP PRICED $400 MILLION OFFERING OF MAALP'S 4.200% SENIOR UNSECURED NOTES DUE 2028 Source text for Eikon: Further company coverage: