MAA reports Q1 core FFO $2.28, consensus $2.25

Reports Q1 revenue $, consensus $528.26M. CEO Eric Bolton said, "Results for Q1 were ahead of expectations as the demand for apartment housing across our portfolio remains strong. Our portfolio is well positioned as we head into the busy summer leasing season. Our team continues to capture steady progress with our various redevelopment, technology and new development initiatives, all of which will help support higher future performance. As supported by our recent credit rating upgrade, the balance sheet is in a strong position, and we remain poised to capture new growth opportunities."