Mid-America Apartment Communities Q4 Earnings Miss Estimates

GERMANTOWN, Tenn. (AP) - Mid-America Apartment Communities Inc. (MAA) reported quarterly results on Wednesday that missed analysts' expectations for funds from operations (FFO) but beat revenue estimates.

Key Metrics:

* FFO: $244 million ($2.23 per share) vs. $2.24 per share estimate
* Net income: $165.7 million ($1.42 per share)
* Revenue: $549.8 million vs. $552.5 million estimate

Guidance:

* Full-year 2023 FFO expected in the range of $8.61 to $8.93 per share

Analyst Coverage:

Access a Zacks stock report on MAA at: https://www.zacks.com/ap/MAA