Mid-America Apartment Communities reported Q3 earnings of $0.98 per share, falling short of estimates.

Mid-America Apartment Communities (MAA) reported Q3 earnings of $0.98 per share, significantly below the expected $2.18, while revenue was $551.13 million, slightly above estimates. The company declared a quarterly dividend of $1.47, yielding 3.94%. MAA's stock has been declining, trading at $149.17, with a market cap of $17.43 billion. Analysts have mixed opinions, with some raising their price targets despite the earnings miss.

November 02, 2024
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