Austin Texas cityscape skyline dszc/E+ via Getty Images On our last update on Mid-America Apartment Communities, Inc. (NYSE:MAA), we looked at the fundamentals and concluded that there was some more pain to be priced in on the funds from operations (FFO) estimates. But we think there will be more pain in that area and we expect 2025 estimates to ultimately move well below $9.00 per share. This does not make MAA a bad choice for longer-term investors. It just means that there are risks here and those risks ...