The headline numbers for Mid-America Apartment Communities (MAA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
While Mid-America Apartment's (MAA) Q1 results reflect an increase in the average effective rent per unit, a decline in average physical occupancy for the same-store portfolio and higher expenses act as a dampener.
Mid-America Apartment Communities (MAA) delivered FFO and revenue surprises of -0.45% and 0.34%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?