Mid-America Apartment (NYSE: MAA) reported Q1 EPS of $0.55, $0.07 better than the analyst estimate of $0.48.

Eric Bolton, Chairman and Chief Executive Officer, said, "Demand for apartment housing remains strong across our high-growth Sunbelt markets. We continue to capture high resident retention and strong occupancy, with the first quarter also generating the highest year over year rent growth that we have captured over the past two years. We are encouraged with the strong start to the year and the pricing trends as we head into the busy summer leasing season."

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