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Mid America Apartment Communities Inc Raises Q3, FY 2013 FFO Guidance; Lowers High End Of Prior Q4 2013 FFO Guidance

Wednesday, 31 Jul 2013 04:05pm EDT 

Mid America Apartment Communities Inc announced that based on performance in the second quarter of 2013, MAA is updating its earnings guidance for the year on a standalone or pre-merger basis. Excluding expected merger related expenses, management believes fiscal 2013 FFO per Share guidance in a range of $4.83 to $5.03, $4.93 at the midpoint, is appropriate, compared to an earlier provided range of $4.77 to $4.97. FFO per Share, excluding merger related expenses, is now expected to be $1.16 to $1.26 for the third quarter of 2013, and $1.15 to $1.25 for the fourth quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $4.93 for fiscal 2013; FFO of $1.22 the third quarter of 2013; FFO of $1.25 for the fourth quarter of 2013. 

Company Quote

0.45 +0.63%
29 Aug 2014