Earnings Call Summary | Mid-America Apartment Communities Inc(MAA.US) Q1 2024 Earnings Conference
Earnings Call Summary | Mid-America Apartment Communities Inc(MAA.US) Q1 2024 Earnings Conference
The following is a summary of the Mid-America Apartment Communities, Inc. (MAA) Q1 2024 Earnings Call Transcript:
以下是中美洲公寓社區公司（MAA）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Mid-America Apartment Communities' reported revenue growth of 1.4% for Q1 2024.
Net delinquency represented less than 0.4% of billed rents.
The company reported core FFO per share of $2.22, $0.02 above the midpoint of its Q1 guidance.
The core FFO guidance for the year has been maintained at $8.70 to $9.06 per share.
中美洲公寓社區報告稱，2024年第一季度收入增長1.4％。
淨拖欠額佔賬單租金的不到0.4％。
該公司公佈的每股核心FFO爲2.22美元，比第一季度預期的中點高出0.02美元。
本年度的核心FFO預期維持在每股8.70美元至9.06美元。
Business Progress:
業務進展：
MAA exhibited strong performance with high retention rates aided by its superior resident services.
Construction is currently ongoing for a 302-unit project in Charlotte, North Carolina, with an upcoming 345-unit project in Phoenix and a 306-unit purchase in Raleigh.
Over 94,000 smart home upgrades have been completed, highlighting the company's commitment to redevelopment.
The company expects ongoing solid demand leading to improved occupancy rates.
MAA predicts a stronger leasing environment through at least 2028 due to normalization in supply.
Mid-America Apartment Communities intends to accelerate its leasing pace in several markets, including DC, Houston, Florida markets.
Plans are in place to start more development projects to take advantage of an undersupplied period in 2026-2028.
One-time storm-related costs in Q1 2024 are viewed as non-recurring, with confidence expressed in hitting future guidance.
The company plans to increase operational efficiency through upgraded marketing initiatives, technology use, and enhanced customer journey and experience.
Mid-America Apartment Communities will continue to target larger and mid-tier markets.
在卓越的居民服務的幫助下，MAA表現出強勁的業績和較高的留存率。
目前正在北卡羅來納州夏洛特建設一個302個單元的項目，即將在鳳凰城建造一個345個單元的項目，在羅利購買306個單元的項目。
已經完成了超過94,000次智能家居升級，凸顯了該公司對重建的承諾。
該公司預計，持續的強勁需求將導致入住率的提高。
MAA預測，由於供應正常化，至少到2028年，租賃環境將更強勁。
中美洲公寓社區打算加快其在多個市場的租賃步伐，包括華盛頓特區、休斯敦和佛羅里達市場。
計劃啓動更多開發項目，以利用2026-2028年供應不足的時期。
2024年第一季度與風暴有關的一次性成本被視爲非經常性成本，對實現未來預期充滿信心。
該公司計劃通過升級營銷計劃、使用技術以及增強客戶旅程和體驗來提高運營效率。
中美洲公寓社區將繼續瞄準更大的和中端市場。
More details: Mid-America Apartment Communities Inc IR
更多詳情： 中美洲公寓社區公司 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。