Mid-America Apartment Communities IncMAA
▲ PositiveCapitalrelevance
Core FFO of $2.08 per share exceeded expectations, and full-year guidance midpoint maintained.
Impact on stocks 1
Real Estate
Mid-America Apartment Communities IncMid-America Apartment Communities reported second quarter 2026 Core FFO of $2.08 per diluted share, exceeding expectations on steady demand and disciplined expense management. Net income available for common shareholders was $120.8 million, or $1.04 per diluted share, compared with $107.2 million, or $0.92 per share, a year earlier. Same Store blended lease rate growth improved to 0.7%, a 20-basis-point year-over-year gain, while resident turnover remained historically low at 39.6%. MAA updated its full-year 2026 Core FFO guidance to a range of $8.41 to $8.65 per diluted share, maintaining the midpoint at $8.53, and narrowed its Same Store NOI growth outlook to between negative 1.7% and positive 0.1%.
Mid-America Apartment Communities IncCore FFO of $2.08 per share exceeded expectations, and full-year guidance midpoint maintained.