Tue, Jul 22, 2014, 10:16 AM EDT - U.S. Markets close in 5 hrs 44 mins

Recent

% | $
Click the to save as a favorite.

Mid-America Apartment Communities Inc. Message Board

  • milfordguy2003 milfordguy2003 Aug 22, 2003 3:52 PM Flag

    Question for Eric Bolton

    Can you comment on the implications of your BRE/MAAC acquisition with respect to earnings/FOF and or dividend potential? Thanks.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Taking Simon's quote from our Friday press release..."we expect the purchase to be accretive and add to the safety of our common dividend. Once the refinancing of the ten properties is completed during next year, we expect that it will add 4 cents of FFO/share to the second half of next year, and 8 to 10 cents on a full-year basis."

      In general, another step towards our focus on improving dividend coverage, while also positioning the balance sheet platform for steady earnings and value growth.

      Eric Bolton
      Mid-America

      • 1 Reply to ericbolton_maa
      • Another question for Eric B:

        As MAA grow larger and aquires more properties, does the company have any plans in place to develop programs that would make it cheaper for a resident that currently lives in an MAA apartment to stay in a MAA apartment despite a need to move? Say for example the resident was to move to another state, or another area of a city. Why should a resident stay with MAA? What are our incentives to residents in that regard?

        My assumption here is that if we can provide a larger bang for their buck, they'll be likely to stay in a MAA apartment despite a need to move. Perhaps there is some synergy between apartments that can be leveraged here.

        I was unable to find any information regarding this on the MAA website.

        Thanks!

 
MAA
73.59+0.18(+0.25%)10:16 AMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.