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Inferra AI / Company / MAA

Mid-America Apartment Communities

MAA · Real Estate

Last earnings Oct 28, 2026

Key results

Unit revenuequarter

0.4%

2025 Revenues Expenses NOI (1) Average Effective Rent per Unit Revenues Expenses NOI (1) Average Effective Rent per Unit Same Store Operating Growth -0.4% 2.0% -1.8% -0.1% -0.3% 1.4% -1.4% -0.2% (1) A reconciliation of Net income available for MAA common shareholders to NOI, including Same Store NOI, is found later in this release.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

AI analysis

Q3 2026 · reported Oct 28, 2026

Based on: Earnings release + parent 8-K — transcript not held

Headline figures

MetricQ3 2026Prior qtrYear ago
Unit revenue0.4%——

EX-99 · Oct 28, 2026

Guidance · company-stated

revenue

“growth -0.20% to 0.40%”

Guidance stated in the release for Full Year 2026; figures as stated.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend$182.0M

• During the third quarter of 2026, MAA repurchased 0.4 million shares of its common stock at a weighted average share price of $126.72 for total consideration of $50.0 million.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

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

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

revenue: “revenue growth -0.20% to 0.40%”

revenue (“Full Year 2026”)
“- diluted $8.41 to $8.65 $8.53 $8.43 to $8.55 $8.49 Core AFFO per Share - diluted $7.38 to $7.62 $7.50 $7.40 to $7.52 $7.46 MAA Same Store Portfolio: Property revenue growth -0.20% to 0.40% 0.10% -0.40% to -0.10% -0.25% Property operating expense growth 1.25% to 2.25% 1.75% 1.15% to 1.65% 1.40% NOI growth -1.70% to -0.10% -0.90% -1.70% to -0.80% -”

Guidance stated in the release for Full Year 2026; figures as stated.

Capital allocation

• During the third quarter of 2026, MAA repurchased 0.4 million shares of its common stock at a weighted average share price of $126.72 for total consideration of $50.0 million.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

During the third quarter of 2026, MAA repurchased 0.4 million shares of its common stock at a weighted average share price of $126.72 for total consideration of $50.0 million.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Dividends and distributions paid on shares of common stock and noncontrolling interests during the third quarter of 2026 were $182.0 million, as compared to $181.8 million for the same period in the prior year.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

131st Consecutive Quarterly Common Dividend Declared MAA declared its 131st consecutive quarterly common dividend, which will be paid on October 30, 2026 to holders of record on October 15, 2026.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

The current annual dividend rate is $6.12 per common share.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

The timing and amount of future dividends will depend on actual cash flows from operations, MAA’s financial condition, capital requirements, the annual distribution requirements under the REIT provisions of the Internal Revenue Code of 1986 and other factors as MAA’s Board of Directors deems relevant.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Strategy & priorities

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.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

• During the third quarter of 2026, MAA completed the initial lease-up of MAA Val Vista in the Phoenix, Arizona market and MAA Breakwater in Tampa, Florida, completed the development of MAA Milepost II located in Denver, Colorado and began construction of multifamily apartment communities in the Northern Virginia and Nashville, Tennessee markets as well as a phase II multifamily expansion in the Kansas City market.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

During the third quarter of 2026, MAA completed the development of MAA Milepost II in Denver, Colorado and began construction of multifamily apartment communities in the Northern Virginia and Nashville, Tennessee markets as well as a phase II multifamily expansion in the Kansas City market.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

5 About MAA MAA, an S&P 500 company, is a real estate investment trust (REIT) focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities primarily in the Southeast, Southwest and Mid-Atlantic regions of the United States.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Risks & headwinds

Such forward-looking statements involve known and unknown risks, uncertainties and other factors, as described below, which may cause our actual results, performance, achievements or outcomes to be materially different from the future results, performance, achievements or outcomes expressed or implied by such forward-looking statements.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

In light of the significant uncertainties inherent in these forward-looking statements, the inclusion of such statements should not be regarded as a representation by us or any other person that the results, performance, achievements or outcomes described in such statements will be achieved.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

What changed vs prior quarter

Unit revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Mid-America Apartment Communities — Earnings release (8-K exhibit)EX-99Oct 28, 2026

Documents

Earnings deck slides

0 decks with slide view

Mid-America Apartment Communities — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Mid-America Apartment Communities — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Mid-America Apartment Communities — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Mid-America Apartment Communities — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Mid-America Apartment Communities — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

KE Holdings (BEKE) Real EstateInvitation Homes (INVH) Real EstateEquinix (EQIX) Real EstateAlexandria Real Estate Equities (ARE) Real EstateIron Mountain (IRM) Real EstateVici Properties (VICI) Real EstateVivmark Residential (VMRK) Real EstateWelltower (WELL) Real Estate

Filings

34 documents

Earnings releases

68 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for Mid-America Apartment Communities are held in this edition of the library.

Mentioned by

10 companies

Other tracked companies whose held documents mention Mid-America Apartment Communities by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.