Large apartment companies linked to rental fixing scheme continued to profit this year: Analysis [Yahoo! Finance]
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Mid-America Apartment Communities, Inc. (MAA)
Last mid-america apartment communities, inc. earnings: 1/29 04:16 pm
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Source: Yahoo! Finance
profit increases during the first three months of the year, according to an analysis from left-leaning watchdog group Accountable US exclusively shared with The Hill. In the analysis, the companies earned a combined $300 million in profit during the first quarter of the year, in part, due to rent increases. Mid-America Apartments, the largest publicly traded apartment owner in the U.S., earned $147.6 million between January and March, a 5.4 percent increase from the same time last year. Similarly, AvalonBay Communities, the country's second-largest apartment company, reported $173.4 million in profits in March, a roughly 18 percent increase from what the company earned the same time last year. The company's “rental and other income” revenue increased to about $711 million during the first quarter of the year, a 5.6 percent increase from the same time last year, according to a press release from AvalonBay Communities. “We feel well positioned as we enter the peak leasing seas
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MAA
Earnings
- 5/1/24 - Beat
MAA
Sec Filings
- 6/3/24 - Form 4
- 5/22/24 - Form 4
- 5/22/24 - Form 4
- MAA's page on the SEC website