Mid-America Apartment Q4 2023 FFO $2.32 Beats $2.31 Estimate, Sales $542.25M Miss $542.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mid-America Apartment (MAA) reported Q4 2023 earnings of $2.32 per share, slightly above the $2.31 estimate. However, their sales of $542.25M fell short of the $542.77M estimate, marking a 2.71% increase from the previous year.
February 07, 2024 | 9:32 pm
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Mid-America Apartment's Q4 2023 earnings surpassed estimates at $2.32/share, but sales slightly missed expectations at $542.25M, showing a 2.71% year-over-year growth.
While MAA's earnings per share slightly exceeded expectations, the miss on sales estimates could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The year-over-year sales growth indicates underlying strength, but the miss on quarterly sales expectations suggests a cautious outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100