Mid-America Apartment (MAA) Misses Q3 EPS by 1c, Revenues Beat

Mid-America Apartment (NYSE: MAA) reported Q3 EPS of $0.46, $0.01 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $397.11 million versus the consensus estimate of $394.57 million.

Eric Bolton, Chairman and Chief Executive Officer, said, "We continue to capture solid demand for apartment housing across our portfolio. Despite elevated levels of new supply in a number of markets, rent growth trends continue to improve. Integration efforts associated with our merger with Post Properties are now largely complete, and we look forward to fully capturing the previously identified opportunities. Our balance sheet is strong with solid coverage ratios and significant capacity for executing on new opportunities as we work through the current supply cycle.

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For earnings history and earnings-related data on Mid-America Apartment (MAA) click here.

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