MAA Reports First Quarter Results
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GERMANTOWN, Tenn., April 28, 2021 /PRNewswire/ Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the quarter ended March 31, 2021.
First Quarter 2021 Operating Results
Three months ended March
$
$
$
1.62
A reconciliation of FFO and Core FFO to net income available for MAA common shareholders and an expanded discussion of the components of FFO and Core FFO can be found later in this release. FFO per Share – diluted and Core FFO per Share –diluted include diluted common shares and units.
Eric Bolton, Chairman and Chief Executive Officer, said, First quarter results were ahead of expectations. We are encouraged with the trends in rent growth and continued strong occupancy, reflecting the growing demand for apartment housing across our Sunbelt markets. We believe our uniquely diversified portfolio across this high-growth regi
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SALT LAKE CITY, April 28, 2021 /PRNewswire/ Extra Space Storage Inc. (NYSE: EXR) (the Company ), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, announced operating results for the three months ended March 31, 2021.
Highlights for the three months ended March 31, 2021
:
Achieved net income attributable to common stockholders of $1.53 per diluted share, representing a 84.3% increase compared to the same period in 2020.
Achieved funds from operations attributable to common stockholders and unit holders ( FFO ) of $1.50 per diluted share. FFO, excluding adjustments for non-cash interest ( Core FFO ), was $1.50 per diluted share, representing a 21.0% increase compared to the same period in 2020.
MAA Reports First Quarter Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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Financial and Operating Highlights
Net income attributable to common stockholders of $(0.11) per share for the first quarter of 2021 as compared to $1.51 per share for the same period in 2020. Net income attributable to common stockholders for the first quarter of 2020 included $72.3 million, or $0.90 per share, of net gains recognized from the sale of 315 West 33rd Street, also known as The Olivia, and $37.7 million, or $0.47
per share, of incremental income from Credit Suisse at One Madison Avenue.
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