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Mid-America Apartment Communities Inc. Q1 adjusted earnings Beat Estimates

Mid-America Apartment Communities Inc. (MAA) announced earnings for its first quarter that rose from the same period last year.

The company's profit totaled $48.10 million, or $0.42 per share. This compares with $40.98 million, or $0.36 per share, in last year's first quarter.

Excluding items, Mid-America Apartment Communities Inc. reported adjusted earnings of $159.60 million or $1.35 per share for the period.

Analysts had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Mid-America Apartment Communities Inc. earnings at a glance:

-Earnings (Q1): $159.60 Mln. vs. $161.59 Mln. last year.
-EPS (Q1): $1.35 vs. $1.37 last year.
-Analysts Estimate: $0.46

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