05:47 PM EDT, 10/30/2024 (MT Newswires) -- Mid-America Apartment Communities ( MAA ) reported Q3 core adjusted funds from operations late Wednesday of $1.93 per diluted share, down from $1.99 a year earlier.

Analysts polled by Capital IQ expected AFFO of $1.89.

Revenue in the three months ended Sept. 30 rose to $551.1 million from $542 million a year earlier.

Analysts surveyed by Capital IQ expected $549 million.

The company expects Q4 core FFO of $2.15 to $2.31 per diluted share. Analysts surveyed by Capital IQ expect FFO of $2.26 and AFFO of $2.03.

The company expects full-year core AFFO of $7.84 to $8 per diluted share, compared with previous guidance of $7.78 to $8.06. Analysts surveyed by Capital IQ expect $7.89.