Tennessee-based Mid-America Apartment Communities, Inc. (MAA) is a real estate investment trust (REIT) that owns, manages, acquires, develops, and redevelops quality apartment communities primarily in the Southeast, Southwest, and Mid-Atlantic regions of the United States. Valued at a market cap of almost $17.6 billion, the company is expected to release its fiscal Q4 earnings results on Wednesday, Feb. 5.
Ahead of this event, analysts expect the REIT to report an FFO of $2.24 per share, down nearly 3.5% from $2.32 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. Its core FFO of $2.21 per share in the previous quarter outpaced the consensus estimates by 1.4%.
