Mid-America Apartment Q2 2024 FFO $2.22 Beats $2.20 Estimate, Sales $546.435M Beat $545.408M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mid-America Apartment (NYSE: MAA) reported Q2 2024 earnings per share of $2.22, beating the analyst estimate of $2.20. The company also reported sales of $546.435 million, surpassing the $545.408 million estimate. This represents a 2.11% increase from the same period last year.
July 31, 2024 | 8:20 pm
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Mid-America Apartment (NYSE: MAA) reported Q2 2024 earnings per share of $2.22, beating the analyst estimate of $2.20. The company also reported sales of $546.435 million, surpassing the $545.408 million estimate. This represents a 2.11% increase from the same period last year.
The company exceeded both earnings and sales estimates, which is likely to positively impact the stock price in the short term. The year-over-year sales increase further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100