Mid-America Apartment (MAA) Q2 FFO & Revenues Beat Estimates

Mid-America Apartment Communities (MAA) , which is commonly known as "MAA", reported secondquarter 2024 core funds from operations (FFO) per share of $2.22, which surpassed the Zacks Consensus Estimate of $2.20. However, the reported figure fell 2.6% year over year from $2.28. Results reflect healthy demand despite elevated new supply and growth in the average effective rent per unit for the same-store portfolio. The company also experienced low levels of resident turnover. However, an increase in operating ...