Mid-America Apartment Communities Inc. (MAA) CEO Eric Bolton on Q1 2021 Results - Earnings Call Transcript

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Q1: 2021-04-28 Earnings Summary

10-Q
EPS of $0.40 misses by $0.19 | Revenue of $425.01M (1.65% Y/Y) beats by $1.78M

Mid-America Apartment Communities, Inc. (NYSE:MAA) Q1 2021 Earnings Conference Call April 29, 2021 10:00 AM ET

Company Participants

Tim Argo - SVP and Director of Finance
Eric Bolton - Chairman and CEO
Al Campbell - EVP and CFO
Tom Grimes - EVP and COO
Brad Hill - EVP, Director of Multifamily Investing

Conference Call Participants

John Kim - BMO Capital Markets
Brad Heffern - RBC Capital Markets
Austin Wurschmidt - KeyBanc
Amanda Sweitzer - Baird
Alex Kalmus - Zelman & Associates
Neil Malkin - Capital One Securities
John Pawlowski - Green Street
Nick Yulico - Scotiabank
Nick Joseph - Citi
Rob Stevenson - Janney

Operator

Good morning, ladies and gentlemen, and welcome to the MAA First Quarter 2021 Earnings Conference Call. [Operator Instructions] Afterwards, the company will conduct a question-and-answer session. As a reminder, this conference call is being recorded today, April 29th, 2021.

I will now turn the call over to Tim Argo, Senior Vice President of Finance of MAA, for opening comments. Please go ahead.

Tim Argo

Thank you, Christy, and good morning, everyone. This is Tim Argo, Senior Vice President of Finance for MAA. With me are Eric Bolton, our CEO; Al Campbell, our CFO; Rob DelPriore, our General Counsel; Tom Grimes, our COO; and Brad Hill, our Head of Transactions. Before we begin with our prepared comments this morning, I would like to point out that as part of the discussion, company management will be making forward-looking statements. Actual results may differ materially from our projections. We encourage you to refer to the forward-looking statements section in yesterday's earnings release and our 34 Act filings with the SEC, which describe risk factors that may impact future results.

These reports, along with a copy of today's prepared comments and an audio copy of this morning's call will be

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