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

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

The company's earnings totaled $46.27 million, or $0.40 per share. This compares with $35.73 million, or $0.31 per share, in last year's first quarter.

Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.7% to $425.01 million from $418.10 million last year.

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

-EPS (Q1): $1.54 vs. $1.49 last year.
-Analysts Estimate: $0.60
-Revenue (Q1): $425.01 Mln vs. $418.10 Mln last year.

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