Mid-America Apartment Communities, Inc. (MAA) 2013年年度报告「NYSE」.pdf

1、C O V E R&B A C K:C R A T S O U T h E N d /C h A R L O T T E,N CR I V E R S W A L K /C H A R L E S T O N,S Ci n 2 0 1 3,F O L L O W i n G T H E S U C C E S S O F i T S F i R S T 2 0 Y E A R S,M A A s h o w e d t h At i t i s j u s t g e t t i n g s tA r t e d.2 0 1 3 A N N U A L R E P O R Tp/O N EOn

2、 OctOber 1,2013,MAA Merged with cOlOniAl PrOPerties trust.this Merger hAs brOught tOgether twO highly cOM PleMen tAry,Publicly trAded,MultifAMily reAl estAte POrtfOliOs with strAtegic diversity AcrOss the highgrOwth sunbelt regiOn.by cOMbining the strengths Of bOth cOMPAnies,we exPect tO cAPture iMP

3、rOved effi ciencies And An enhAnced bAlAnce sheet PrOviding An even strOnger PlAt fOrM fOr grOwing shArehOlder vAlue.M A Ap/T W OC R A T F R I S C O B R I D G E S /D A L L A S,T X2 0 1 3 A N N U A L R E P O R Tp/T H R E EFollowing the merger,MAA became a member of the S&P MidCap 400 Index and had a

4、total enterprise value of$8.3 billion at the end of 2013.We improved diversification and presence in several key,Large and Secondary high-growth markets including Charlotte,Dallas,Orlando and Charleston.We joined top talent,technol-ogy and best practices of both companies to further enhance our effi

5、ciencies of operations.With an even stronger platform,MAA expects to continue its strategy of optimizing cash flow over the full cycle,by prudently managing and deploying shareholder capital throughout the Sunbelt markets.It is our aim to deliver long-term,superior risk-adjusted returns to our share

6、holders through growth in dividend and value per share.M A Ap/F O U RE n H A n C E Do p p o r t u n i t y145027583,641S T A T E SM A R K E T SC O M M U N I T I E SU N I T S2 0 1 3 A N N U A L R E P O R Tp/F I V EM A Ap/S I Xo F t o tA L S A M E S T O R E o F t o tA L S A M E S T O R E L A R G E M A