- Mid America Apartment Communities press release ( NYSE: MAA ): Q4 FFO of $2.32 beats by $0.05 .
- Revenue of $527.97M (+13.9% Y/Y) misses by $1.93M .
- During the fourth quarter of 2022, MAA's Same Store Portfolio produced increases in property revenues, operating expenses and Net Operating Income (NOI) of 13.6%, 7.9% and 16.8%, respectively, as compared to the same period in the prior year.
- As of the end of the fourth quarter of 2022, MAA had six communities under development, representing 2,310 units once complete, with a projected total cost of $728.7 million and an estimated $437.0 million remaining to be funded.
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Mid America Apartment Communities FFO of $2.32 beats by $0.05, revenue of $527.97M misses by $1.93M