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Profile - Mid-America Apartment (NYSE:MAA)
As of 31-Aug-2001
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Recent Events
July 31Dividend payment of $0.585
Location
6584 Poplar Avenue, Suite 340
Memphis, TN 38138
Phone: (901) 682-6600
Fax: (901) 682-6667
Email: michelle.sargent@maac.net
Employees (last reported count): 1,004
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Real Estate Operations
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Ownership
·Insider and 5%+ Owners: 19%
·Over the last 6 months:
 · 2 insider buys; 2,000  shares
·Institutional: 30% (37% of float)
(125 institutions)
·Net Inst. Selling: 258.0K shares (+5.20%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Mid America Apartment Communities, Inc. is a self-administered and self-managed umbrella partnership real estate investment trust. Between 1994 and December 31, 2000, the Company increased the number of properties of which it is the sole owner from 22 to 114 properties with 30,819 apartment units, representing an increase of 25,239 apartment units. The Company is also a participant in a joint venture with Blackstone Real Estate Acquisitions LLC. The joint venture owned 10 properties, representing 2,793 apartment units, as of December 31, 2000. The Company seeks to acquire and develop apartment communities appealing to middle- and upper-income residents in mid-size cities in the southeastern United States and Texas. Approximately 70% of the Company's apartment units are located in Georgia, Florida, Tennessee and Texas markets.
More from Market Guide: Expanded Business Description

Financial Summary
MAA, a self-administered and self-managed REIT, owns, develops, acquires and operates multifamily apartment communities in the southeastern U.S. and Texas. As of 12/99, MAA owned and operated 129 apartment communities in 13 states. For the six months ended 6/30/01, revenues rose 3% to $114.7 million. Net income before extraordinary item applicable to Common fell 82% to $1.8 million. Revenues reflect communities in development. Net income reflects a lower gain on dispositions.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

George Cates, 63
Chairman, CEO
$533K
H. Eric Bolton, Jr., 44
Pres, COO, Director
520K
Simon R. Wadsworth, 54
Exec. VP, CFO, Director
363K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:MAAAs of 31-Aug-2001
Price and Volume
52-Week Low
on 5-Dec-2000
$21.25 
Recent Price$25.80 
52-Week High
on 17-July-2001
$26.42 
Beta0.26 
Daily Volume (3-month avg)26.2K
Daily Volume (10-day avg)20.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+6.7%
52-Week Change
relative to S&P500
+43.1%
Share-Related Items
Market Capitalization$449.3M
Shares Outstanding17.4M
Float14.1M
Dividends & Splits
Annual Dividend (indicated)$2.34 
Dividend Yield9.07%
Last Splitnone 
Per-Share Data
Book Value (mrq)$23.59 
Earnings (ttm)$0.32 
Earnings (mrq)$0.06 
Sales (ttm)$13.04 
Cash (mrq)$0.62 
Valuation Ratios
Price/Book (mrq)1.09 
Price/Earnings (ttm)80.37 
Price/Sales (ttm)1.98 
Income Statements
Sales (ttm)$228.3M
EBITDA (ttm)$128.0M
Income available to common (ttm)$5.62M
Profitability
Profit Margin (ttm)9.9%
Operating Margin (ttm)8.9%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.74%
Return on Equity (ttm)1.30%
Financial Strength
Current RatioN/A 
Debt/Equity (mrq)1.92 
Total Cash (mrq)$10.8M
Short Interest
As of 8-Aug-2001
Shares Short240.0K
Percent of Float1.7%
Shares Short
(Prior Month)
160.0K
Short Ratio9.23 
Daily Volume26.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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