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Mid-America Apartment Communities, Inc., commonly known as MAA, is a publicly traded real estate investment trust (REIT) that focuses on owning and operating apartment communities in the United States. Here are some key points to know about MAA:

1. Stock Symbol: MAA is listed on the New York Stock Exchange (NYSE) under the ticker symbol "MAA."

2. Business Model: MAA acquires, develops, and operates apartment communities in the United States. As of 2023, the company owned or had interests in 102 apartment communities containing approximately 30,226 apartment homes, located in 12 states, primarily in the Southeast, Southwest, and Midwest.

3. Portfolio Composition: MAA's portfolio is diversified across various metropolitan areas, with a focus on suburban communities. The company's apartment homes are dispersed across a range of price points, including high-end, luxury communities, and workforce housing. As of 2023, MAA's average rent per square foot was $1,443.

4. Performance: MAA reports funds from operations (FFO) as a key metric to gauge its financial performance, which totaled $392.7 million in 2022, representing a per-share FFO of $1.56. The company's revenue for the year was $1,405.4 million. In the most recent quarter ending December 31, 2 We have observed revenue growth of $141.9 million or 12.3% year-over-year.

5. Growth Prospects: MAA's growth strategy revolves around acquisitions, developments, and redevelopments. In 2022, the company invested $369.1 million in 13 apartment community acquisitions and $62.4 million in developments and redevelopments. MAA aims to selectively grow its portfolio through opportunistic investments, targeted at a 4.5–6.5% cap rate range.

6. Dividends: MAA pays quarterly dividends to its shareholders, which have steadily increased over the past five years, representing a compound annual growth rate of 5.6%. In 2022, the company returned $228.7 million to shareholders through dividends and share repurchases.

7. Management Team: H. Eric Bolton Jr. has served as MAA's Chairman and Chief Executive Officer since the company's inception in 1993. Other key members of the leadership team include Chief Financial Officer, Al Campbell; Chief Operating Officer, Tom Grimes; and Chief Investment Officer, John O'Connor.

8. Competition: MAA faces competition in the multifamily REIT sector, including other publicly traded companies such as Realty Income (O), National Residential Properties (NRZ), and Essex Property Trust (ESS).

9. Valuation: As of January 31, 2023, MAA had a market capitalization of $14.2 billion and a total enterprise value of $16.8 billion. In comparison with its peers, MAA trades at an estimated 2023 funds from operations multiple of 20.6 times, marginally above the five-year average of 19.1 times. The company's price-to-earnings ratio stands at 25.6, which is below its five-year average of 26.4.

These are some key points to know about Mid-America Apartment Communities, Inc. (MAA). Their business model focuses on owning and operating apartment communities in the United States, and they have a strong track record of financial performance, growth prospects, and dividend payments. However, it is important to conduct thorough research and analyze the current market conditions and valuation before making any investment decisions.