Mid-America Apartment Communities

Mid-America Apartment Communities

Mid-America Apartment Communities

Overview
Date Founded

1994

Headquarters

6815 Poplar Avenue, Suite 500, Germantown, TN, 38138, USA

Type of Company

Public

Employees (Worldwide)

2,513

Industries

Trusts & Funds
Real Estate
Real Estate Investment Trusts

Company Description

MAA is a real estate investment trust that owns and manages multifamily apartments in the sunbelt region of the United States. We have grown from 5,580 apartment homes at the time of our initial public offering in January 1994 to over 49,000 apartment homes today; including our ownership through joint-venture funds with institutional investors. We are traded on the NYSE under the symbol MAA, and are headquartered at 6584 Poplar Avenue, Memphis, TN 38138. MAA has a strong track record in extracting value through opportunistic property acquisitions, strategic development and renovations, and a sophisticated technology-based operating platform. Our capital allocation and portfolio plan is built around a disciplined program to diversify in both large tier and select secondary markets across the Sunbelt region. We believe these dynamic and resilient markets provide growth opportunities and strong value returns for our discerning investors. MAA aims to provide investors with a reliable dividend income that, over the long run, will consistently grow and be protected against economic downturns. We have consistently generated long-term investor returns greater than most other apartment REITs through our well-defined strategy

Contact Data
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Executives & Employees

Executive Vice President & Chief Financial Officer

Head, Asset Management Division

Executive Vice President, General Counsel

Chief Information Officer & Senior Vice President

Chief Human Resources Officer & Executive Vice President

Chief Accounting Officer & Senior Vice President

Senior Vice President, Director of Investor Relations & Corporate Secretary

Senior Vice President, Director of Finance

Senior Vice President, Director of Physical Assets

Board of Directors

Former President Chief Executive Officer at Post Apartment Homes LP

Former Chief Executive Officer at Coca-Cola Bottling Co. United, Inc.

President & Director at Colonial Homes, Inc.

President at Crippled Childrens Foundation

Fiduciary Director at Indiana University Foundation

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Owners & Shareholders
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APG US' strategies include Core Bond Plus, High Yield and Agency Mortgage Alpha. Both strategies may utilize derivative transactions, including credit default swaps, for hedging purposes or efficient portfolio management. For Core Bond Plus, they use macroeconomic analysis, credit analysis and valuation analysis to make investment decisions. APG US invests in an array of fixed-income sectors that convey different risks, thus, diversification of return and alpha sources is an essential element of their investment process. For High Yield, they employ intensive credit analysis, valuation analysis, industry analysis and macroeconomic analysis to make investment decisions. For Agency Mortgage Alpha, they attempt to generate excess returns by employing both a top-down approach, where a general theme in terms of prepayments and volatility is developed to determine the appropriate mix of MBS and a bottom-up approach, where security selection revolves around the prepayment behavior conveyed by different specified MBS pool characteristics.

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City National Rochdale employs a broad range of strategies which may be constructed as a separately managed account using individual securities, or by using proprietary, affiliated or non-proprietary pooled investment funds. CNR offers a broad range of equity investment strategies, which includes: Domestic Equities, International and Emerging Markets, and High Dividend Strategies. The firm also offers diversified taxable and tax-exempt strategies. CNR actively manage fixed income portfolios and seek to enhance the total portfolio's outcome across varying interest rate environments. It includes the following strategies: Taxable, Tax-Exempt, and Liquidity Management. CNR offer clients access to investment strategies in a wide range of non-traditional fixed income markets. Through a combination of unique strategy design and creative implementation, the firm attempt to capture attractive yields with minimal interest rate sensitivity through theses strategies: High Yield, Floating Rate, Emerging Market Debt, Structured Credit, and Short Duration Solutions. CNR also offers Real Assets, Alternative Investments, and International Custody & Asset Protection Solutions strategies.

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RREEF's securities analysis methods include fundamental analysis, for their liquid real estates. Their main sources of information are financial periodicals, inspections of corporate activities, third party research materials, annual reports, prospectus and filings with the SEC and company press releases. They also procure information from external real estate professionals, conducts independent research, and factors in the state of real estate, real asset and infrastructure securities markets when it makes investment decisions. For RREEF's direct real estate separately managed accounts and non-registered pooled vehicles, teams of experienced officers perform acquisitions research, analyses and negotiations. Their \"due diligence period\" commences upon identification of a suitable asset to verify the information provided by the seller. For the firm's infrastructure debt investments, they developed a process wherein it plans to target newly originated loans in the primary market based on its view that such loans will generally offer higher risk-adjusted returns than secondary market investments.

Recent Transactions
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Mid-America Apartment Communities purchases Post Properties, Inc.

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Mid-America Apartment Communities purchases Colonial Properties Trust

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Mid-America Apartment Communities issued USD Common Stock

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onMid-America Apartment Communities purchases Post Properties, Inc.

Accountant

Advised onMid-America Apartment Communities purchases Bre Maac Associates LLC from The Blackstone Group, Inc.

Escrow Agent

Advised onMid-America Apartment Communities issued USD Common Stock

Attorney

Advised onMid-America Apartment Communities purchases Post Properties, Inc.

Legal Advisor

Advised onMid-America Apartment Communities purchases Post Properties, Inc.

Legal Advisor

Advised onMid-America Apartment Communities purchases Post Properties, Inc.

Key Stats and Financials As of 2019
Market Capitalization
$13.8B
Total Enterprise Value
$19.7B
Earnings Per Share
$3.07
Revenue
$1.64B
Net Profit
$353M
EBITDA
$947M
EBITDAMargin
57.63%
Total Debt
$4.5B
Total Equity
$6.29B
Enterprise Value Sales
11.99x
Enterprise Value EBITDAOperating
20.77x
TEVNet Income
55.76x
Debt TEV
0.23x
Three Year Compounded Annual Growth Rate Of Revenue
13.59%
Five Year Compounded Annual Growth Rate Of Revenue
10.94%
Competitors
Equity Residential Trusts & Funds - Chicago, IL

Equity Residential operates as a real estate investment trust. It engages in the acquisition, development, and management of rental apartment properties, which includes the generation of rental and other related income through the leasing of apartment units to residents. The company was founded by Robert H. Lurie and Sam Zell in March 1993 and is headquartered in Chicago, IL.

Brookfield Asset Management, Inc. Investment Services & Portfolio Management - Toronto, Can

Brookfield Asset Management, Inc. engages in the ownership and operation of assets of its shareholder and clients with a focus on real estate, renewable power, infrastructure and private equity. It operates through the following business segments: Asset Management, Real Estate, Renewable Power, Infrastructure, Private Equity, Residential Development, and Corporate Activities. The Asset Management segment includes managing the listed partnerships of the company, private funds and public securities on behalf of its investors and the company. The Real Estate segment is comprised of the ownership, operation and development of core office, core retail, opportunistic and other properties. The Renewable Power segment encompasses the ownership, operation and development of hydroelectric, wind, solar, storage and other power generating facilities. The Infrastructure segment consists of the ownership, operation and development of utilities, transport, energy, communications and sustainable resource assets. The Private Equity segment refers to the broad range of industries, and is mostly focused on construction, other business services, energy, and industrial operations. The Residential Development segment represents homebuilding, condominium development and land development. The Corporate Activities segment handles investment of cash and financial assets, as well as the management of the corporate capitalization of the company, including corporate borrowings and preferred equity. The company was founded on August 1, 1997 and is headquartered in Toronto, Canada.

Camden Property Trust Real Estate - Houston, Texas

Camden Property Trust operates as a real estate investment trust, which engages in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It focuses on maintaining a geographically portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D. Keith Oden on May 25, 1993 and is headquartered in Houston, TX.

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