Mid-America Apartment Communities (MAA) reported Q1 core adjusted funds from operations late Wednesday of $2.04 per diluted share, down from $2.06 a year earlier.

Analysts polled by FactSet expected adjusted FFO of $1.98.

Rental and other property revenue for the quarter ended March 31 was $549.3 million, up from $543.6 million a year earlier.

Analysts polled by FactSet expected $550.7 million.

For the full year 2025, the company reiterated core AFFO of $7.63 to $7.95 per diluted share. Analysts expect $7.82.