MAA REPORTS THIRD QUARTER 2026 RESULTS
PR Newswire•28/10/2026•16:15 ET
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Key Highlights
- ➤2026 Core FFO guidance midpoint raised to $8.49 from $8.53?
- ➤2026 diluted EPS guidance midpoint cut to $3.67 from $4.08
- ➤Same-store NOI guidance midpoint lowered to -1.25% from -0.90%
- ➤Third-quarter Core FFO per share reached $2.10 versus $2.16
- ➤MAA borrowed an additional $250.0 million under its DDTL Facility
Expert Statements
Brad Hill, President and Chief Executive Officer of MAA
“Third quarter Core FFO met our expectations as we built occupancy through the quarter and expense management remained disciplined. Our focus on resident service and satisfaction supports sector-leading results, with renewing resident lease pricing increasing 80 basis points year-over-year to 5.3%, and record retention. Our revised forecast reflects higher interest rates and new resident year-over-year pricing improvement occurring about a quarter later than we expected, impacting our blended pricing and occupancy as we built occupancy through the quarter. With stable occupancy and strong market absorption, October new resident lease pricing improved from September, counter to the normal seasonal pattern, resulting in the year's first year-over-year improvement in new resident lease-over-lease pricing, and October blended pricing accelerated more than 100 basis points year-over-year. These trends support our continued optimism that pricing trends will grow increasingly positive into the new year.”
GERMANTOWN, Tenn., Oct. 28, 2026 /PRNewswire/ -- Mid-America Apartment Communities, Inc., or MAA (NYSE: MAA), today announced operating results for the three and nine months ended September 30, 2026.
Three months ended September 30,Nine months ended September 30, 2026202520262025 Earnings per common share - diluted$ 0.72$ 0.84$ 2.82$ 3.30 Funds from operations (FFO) per Share - diluted ((1))$ 2.11$ 2.14$ 6.43$ 6.53 Core FFO per Share - diluted ((1))$ 2.10$ 2.16$ 6.31$ 6.51
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