Mid-America Apartment Communities: Q3 Earnings Snapshot

GERMANTOWN, Tenn. (AP) _ Mid-America Apartment Communities Inc. (MAA) on Wednesday reported a key measure of profitability in its third quarter. Th...

October 27, 2022
2:46 AM

GERMANTOWN, Tenn. (AP) _ Mid-America Apartment Communities Inc. (MAA) on Wednesday reported a key measure of profitability in its third quarter. The results beat Wall Street expectations. The real estate investment trust, based in Germantown, Tennessee, said it had funds from operations of $259.5 million, or $2.19 per share, in the period. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of $2.09 per share. Funds from operations is a closely watched measure in the REIT industry.

Nora Mishanec