Mid-America Apartment Communities, Inc. Q2 adjusted earnings Beat Estimates

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

The company's bottom line totaled $215.56 million, or $1.88 per share. This compares with $74.14 million, or $0.65 per share, in last year's second quarter.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.8% to $436.93 million from $413.03 million last year.

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

-EPS (Q2): $1.49 vs. $1.38 last year.
-Analysts Estimate: $0.57
-Revenue (Q2): $436.93 Mln vs. $413.03 Mln last year.

Full year EPS guidance: $3.79 to $3.99

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