Mid-America Apartment Q1 FFO $2.22, Inline, Sales $543.62M Beat $542.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mid-America Apartment (NYSE:MAA) reported Q1 FFO of $2.22 per share, meeting analyst estimates, and sales of $543.62M, slightly above the $542.72M estimate. This represents a 2.63% decrease in earnings per share and a 2.76% increase in sales compared to the same period last year.
May 01, 2024 | 8:23 pm
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Mid-America Apartment reported a Q1 FFO of $2.22 per share, aligning with estimates, and a slight sales beat at $543.62M versus the $542.72M forecast. Year-over-year, earnings per share decreased by 2.63%, while sales grew by 2.76%.
The report shows MAA's financial performance is stable, meeting earnings estimates and slightly exceeding sales forecasts. The slight decrease in earnings per share might concern some investors, but the increase in sales could offset these concerns. The neutral score reflects the mixed nature of the report, with no significant surprises that would sharply drive the stock price in either direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100