MAA Q3 EPS rose to $0.98 while Core FFO fell to $2.21 per share
Mid-America Apartment Communities reported third-quarter 2024 diluted earnings per share of $0.98, up from $0.94 a year earlier, while Core FFO per diluted share fell to $2.21 from $2.29. The company raised the midpoint of its full-year 2024 EPS guidance to $4.53 from $4.51, kept the Core FFO midpoint at $8.88, and lowered its same store revenue growth midpoint to 0.50% from 0.65%, so shareholders see mixed signals in the results and outlook.
Key points
- Q3 2024 diluted EPS was $0.98 versus $0.94 in Q3 2023; nine-month EPS was $3.07 versus $3.34.
- Q3 2024 Core FFO per diluted share was $2.21 versus $2.29; the full-year Core FFO range narrowed to $8.80 to $8.96 from $8.74 to $9.02.
- Same Store NOI fell 1.7% in Q3 2024, and Same Store lease pricing for new leases declined 5.4%.
- Rental and other property revenues were $551.1 million in Q3 2024 versus $542.0 million a year earlier.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.