Mid-America Apartment Communities, Inc. (MAA) 2019年年度报告「NYSE」.pdf

1、2019 Annual ReportTo My Fellow Shareholders:MAA had a tremendous year of progress in 2019.Supported by the strong demand for apartment housing across our Sunbelt markets,our uniquely diversified portfolio of quality properties captured results for the year that exceeded expectations.The outlook for

2、apartment housing demand in our region of the country remains strong.A long established track record of superior job growth,better affordability and growing migration trends to the Sunbelt continue to favor our footprint.MAA has focused exclusively on this high growth region of the country for the p

3、ast 26 years and is in a strong position to drive superior long-term performance and value for those we serve.Our confidence is supported by our strategy and market positioning,the strength of our platform and the readiness of our team to execute on compelling opportunities that emerge.MAAs markets

4、consistently rank among the highest in the country for job and population growth,livability and inbound migration.In fact,over the past eight years almost 60%of all domestic moves in the U.S.were to MAA markets.Key to our objective to deliver earnings and dividend growth over the full economic cycle

5、 is a portfolio strategy that is uniquely diversified and balanced across this high-growth region.We believe that a combination of large and growing secondary markets,a range of appealing apartment housing including garden-style,mid-rise and high-rise communities and a range of rental price points b

6、est enable MAA to capture superior full-cycle performance.The strength of our operating platform drives an ability to out-perform and create higher value from the apartment real estate we own across the Sunbelt.The momentum in our performance capabilities centers on four key variables.(Continued on