Mid-America Apartment Communities (MAA) reported first-quarter 2024 core funds from operations (FFO) per share of $2.22, which missed the Zacks Consensus Estimate of $2.23. Moreover, the reported figure fell 2.6% year over year from $2.28.Although this residential REIT experienced growth in the average effective rent per unit for the same-store portfolio, its quarterly results reflect a fall in the occupancy level and high supply across its markets. The company also experienced an increase in operating expe ...