Valued at a market cap of $17.9 billion, Mid-America Apartment Communities, Inc. (MAA) is a real estate investment trust (REIT) that focuses on the acquisition, development, redevelopment, and management of multifamily homes across the Southeastern, southwestern, and mid-Atlantic regions of the U.S. The Memphis, Tennessee-based company is expected to announce its fiscal Q3 earnings results after the market closes on Wednesday, Oct. 30.
Ahead of this event, analysts expect the REIT to report an FFO of $2.18 per share, down 4.8% from $2.29 per share in the year-ago quarter. The company has surpassed Wall Street's FFO estimates in three of the last four quarters while missing on another occasion.
