07.02.2024 22:49:17 - dpa-AFX: MAA Q4 FFO Rises
WASHINGTON (dpa-AFX) - Mid-America Apartment Communities, Inc. (MAA),
Wednesday announced an increase in its Funds from Operations or FFO for the
fourth quarter.
FFO totaled $303.5 million or $2.53 per share compared to $251.8 million or
$2.12 per share last year.
Core FFO rose to $277.7 million or $2.32 per share from $274.6 million or $2.32
per diluted share in the previous year.
Profit declined to $159.5 million or $1.37 per share from last year's $192.6
million or $1.67 per share.
On average, analysts surveyed by Thomson Reuters estimated a profit of $1.07 per
share.
Revenue increased to $542.2 million from $527.9 million last year.
Looking ahead, the real estate company expects earnings of $4.45 to $4.85 per
share for fiscal year 2024.
The company anticipates a Core FFO of $8.68 to $9.08 per share for the same
period.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX