NYSE$MAA
Mid-America Apartment Communities Inc. · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported operating results for the quarter ended March 31, 2020.
MAA reported first quarter results with net income available for common shareholders at $35.7 million, or $0.31 per diluted common share. Core FFO was $191.2 million, or $1.62 per diluted common share and unit.
- Property revenues from the Same Store Portfolio increased 4.2% during the first quarter of 2020.
- Property operating expenses for the Same Store Portfolio increased 3.2% during the first quarter of 2020.
- Net Operating Income, or NOI, from the Same Store Portfolio increased 4.8% during the first quarter of 2020.
- During the first quarter of 2020, MAA completed renovation of 1,440 units under its redevelopment program, achieving average rental rate increases of 9.4% above non-renovated units.
Headline financials
Revenue & EPS history
MAA · Revenue · Quarterly
$418M
Forward guidance
MAA withdrew its calendar year 2020 guidance for Net income per diluted common share, Core FFO per Share and Core AFFO per Share.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.3%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+1.5%
Avg return
30 days after
56%
38 / 68 earnings
Positive
+10.8%
Q2 2011
Best reaction
-6.2%
Q2 2014
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | +0.3% | -0.5% | |
| Q4 2025 | -3.2% | +1.0% | -1.7% | |
| Q3 2025 | +2.0% | +2.2% | +7.6% | |
| Q1 2025 | +1.5% | +3.1% | -1.9% | |
| Q4 2024 | +1.3% | -0.5% | +6.0% | |
| Q3 2024 | +0.2% | +0.8% | +8.7% | |
| Q2 2024 | +3.6% | +3.7% | +14.9% | |
| Q1 2024 | +1.3% | +5.2% | +2.9% | |
| Q4 2023 | -0.9% | -0.1% | +7.4% | |
| Q3 2023 | -6.1% | -9.5% | -5.5% | |
| Q2 2023 | -1.6% | -1.4% | -4.7% | |
| Q1 2023 | +2.4% | +4.5% | -1.3% | |
| Q4 2022 | +4.4% | +3.6% | -4.3% | |
| Q3 2022 | +0.0% | +2.3% | +4.9% | |
| Q2 2022 | +5.9% | +4.7% | +0.1% | |
| Q1 2022 | +1.3% | -6.7% | -9.6% | |
| Q4 2021 | +3.8% | +2.5% | +4.4% | |
| Q3 2021 | +1.8% | -0.6% | +0.4% | |
| Q2 2021 | +2.6% | +3.7% | +0.5% | |
| Q1 2021 | +0.2% | +0.9% | +3.6% | |
| Q4 2020 | -0.5% | -0.1% | -1.2% | |
| Q3 2020 | -1.2% | +4.3% | +8.0% | |
| Q2 2020 | +4.0% | +3.4% | +3.7% | |
| Q1 2020 | +1.2% | +0.5% | +10.7% | |
| Q4 2019 | +0.0% | -0.2% | -6.0% | |
| Q3 2019 | +2.6% | +2.8% | +0.5% | |
| Q2 2019 | +1.3% | -1.4% | +6.3% | |
| Q1 2019 | +0.1% | +0.4% | +4.4% | |
| Q4 2018 | -2.0% | -0.7% | -0.3% | |
| Q3 2018 | -1.8% | -2.6% | +3.6% | |
| Q2 2018 | -0.9% | +0.5% | +2.8% | |
| Q1 2018 | -0.8% | +0.6% | +2.2% | |
| Q4 2017 | -1.3% | -4.4% | -7.8% | |
| Q3 2017 | -4.3% | -2.1% | +0.0% | |
| Q2 2017 | +1.5% | +2.1% | +5.6% | |
| Q1 2017 | -3.4% | -1.8% | -0.3% | |
| Q4 2016 | +2.9% | +3.0% | +6.5% | |
| Q3 2016 | -2.4% | -0.4% | -1.1% | |
| Q2 2016 | -1.9% | -0.0% | -11.3% | |
| Q1 2016 | +3.2% | — | — | |
| Q4 2015 | -5.2% | — | — | |
| Q3 2015 | +1.6% | — | — | |
| Q2 2015 | +3.9% | — | — | |
| Q1 2015 | -2.8% | — | — | |
| Q4 2014 | -2.2% | — | — | |
| Q3 2014 | -0.2% | — | — | |
| Q2 2014 | -6.2% | — | — | |
| Q1 2014 | +0.2% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | -2.5% | — | — | |
| Q2 2013 | -2.8% | — | — | |
| Q1 2013 | +0.1% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q3 2012 | -0.4% | — | — | |
| Q2 2012 | -0.4% | — | — | |
| Q1 2012 | -1.2% | — | — | |
| Q4 2011 | +0.9% | — | — | |
| Q3 2011 | -1.3% | — | — | |
| Q2 2011 | +10.8% | — | — | |
| Q1 2010 | +1.3% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2010 | +2.1% | — | — | |
| Q4 2008 | +2.1% | — | — | |
| Q3 2009 | +2.9% | — | — | |
| Q3 2010 | +2.9% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q2 2010 | -1.9% | — | — | |
| Q2 2009 | -1.9% | — | — |
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