Published on 29 Apr 2024 on Zacks via Yahoo Finance
What Awaits Mid-America Apartment (MAA) This Earnings Season?
Mid-America Apartment Communities MAA — commonly known as MAA — is a real estate investment trust (REIT) that focuses on owning, operating and acquiring apartment communities throughout the southeast, southwest and mid-Atlantic regions of the United States. MAA is slated to report first-quarter 2024 results on May 1 after market close.The Germantown, TN-based residential REIT delivered a surprise of 0.87% in terms of core FFO per share in the last reported quarter. Its quarterly results were driven by an increase in the average effective rent per unit for the same-store portfolio.MAA has a decent surprise history. Over the trailing four quarters, MAA surpassed the Zacks Consensus Estimate on all occasions, the average beat being 0.77%. This is depicted in the chart below:
Mid-America Apartment Communities, Inc. Price and EPS Surprise
