MAA reports Q2 core FFO $2.28, consensus $2.27

Reports Q2 revenue $535.15M, consensus $533.57M. Eric Bolton, Chairman and CEO, said, “Leasing conditions across our markets continue to reflect a strong demand for apartment housing. Leasing traffic remains strong and move-outs by existing residents remain historically low. Our Sunbelt markets continue to demonstrate solid employment conditions and positive migration trends that are further supporting absorption of the new apartment supply delivering in our markets. Overall performance remains ahead of our expectations we had for calendar year 2023.”