MAA reports Q1 core FFO EPS $2.20, consensus $2.16

Reports Q1 revenue $549.3M, consensus $551.07M. CEO Brad Hill said, “Q1 Core FFO was slightly ahead of our expectations, after considering certain timing-related events in the quarter. Same Store operating performance exceeded our expectations with strong demand for apartment housing driving high occupancy, reduced delinquency and improved pricing trends. Our Same Store blended lease pricing increased by 160 basis points sequentially, 70 basis points better than last year’s sequential trend. With strong occupancy, improved year-over-year exposure, and record low resident turnover, MAA (MAA) is well positioned for the busy spring and summer leasing season. As the decline in new deliveries in our markets accelerates throughout 2025, we continue to believe our revenue performance momentum will improve. Our balance sheet is well positioned to provide near term flexibility and to capture emerging new growth opportunities.”