Mid-America Apartment Communities, Inc. Q3 Profit Climbs, but misses estimates

(RTTNews) - Mid-America Apartment Communities, Inc. (MAA) released earnings for its third quarter that increased from last year but missed the Street estimates.

The company's bottom line totaled $121.39 million, or $1.05 per share. This compares with $83.56 million, or $0.73 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.1% to $520.78 million from $452.58 million last year.

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

-Earnings (Q3): $121.39 Mln. vs. $83.56 Mln. last year. -EPS (Q3): $1.05 vs. $0.73 last year. -Analyst Estimate: $1.11 -Revenue (Q3): $520.78 Mln vs. $452.58 Mln last year.

-Guidance: Full year EPS guidance: $5.59 to $5.75