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Mid-America Apartment Communities Inc (MAA) Files 10-K for the Fiscal Year Ended on December ...

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Mid-America Apartment Communities Inc (MAA) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Mid-America Apartment Communities Inc is a multifamily focused, self-administered and self-managed REIT. The Company owns, operates, acquires and develops apartment communities in the Southeast and Southwest region of the United States. Mid-America Apartment Communities Inc has a market cap of $11.87 billion; its shares were traded at around $104.28 with a P/E ratio of 54.03 and P/S ratio of 7.63. The dividend yield of Mid-America Apartment Communities Inc stocks is 3.56%. Mid-America Apartment Communities Inc had annual average EBITDA growth of 3.30% over the past ten years.


For the last quarter Mid-America Apartment Communities Inc reported a revenue of $398.1 million, compared with the revenue of $382.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.6 billion, an increase of 2.8% from last year. For the last five years Mid-America Apartment Communities Inc had an average revenue growth rate of 18.4% a year.

The reported diluted earnings per share was $1.93 for the year, a decline of 32.5% from the previous year. Over the last five years Mid-America Apartment Communities Inc had an average EPS decline of 0.4% a year. The Mid-America Apartment Communities Inc enjoyed an operating margin of 25.75%, compared with the operating margin of 24.51% a year before. The 10-year historical median operating margin of Mid-America Apartment Communities Inc is 24.73%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, Mid-America Apartment Communities Inc has the cash and cash equivalents of $34.3 million, compared with $10.8 million in the previous year. The long term debt was $4.5 billion, compared with $4.5 billion in the previous year. The interest coverage to the debt is 2.3, which is not a favorable level. Mid-America Apartment Communities Inc has a financial strength rank of 4 (out of 10).

At the current stock price of $104.28, Mid-America Apartment Communities Inc is traded at 36.4% premium to its historical median P/S valuation band of $76.45. The P/S ratio of the stock is 7.63, while the historical median P/S ratio is 5.59. The stock gained 21.18% during the past 12 months.

Directors and Officers Recent Trades:

  • Director David P Stockert sold 1,777 shares of MAA stock on 02/14/2019 at the average price of $103.68. The price of the stock has increased by 0.58% since.

For the complete 20-year historical financial data of MAA, click here.

This article first appeared on GuruFocus.