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Mid America Apartment Communities Inc. (MAA) stock

MAANYSEReal Estate Investment TrustsFiscal year ends December 31
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Oct 29, 2026Score 8/309% above fair value
$117.21−1.05 (-0.89%)

Close on Oct 30, 2026Market cap $13.60BP/E 35.5Yield 5.17%

Earnings

Mid America Apartment Communities's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Feb 3, 2027
Q4 FY2026 · estimated, after the close
Revenue, Q3 FY2026
$560.13M
+1.0% on a year earlier
Core FFO per Share - diluted, Q3 FY2026
$2.10
$2.16 a year earlier
Latest guidance
Issued
Oct 28, 2026 · 7 items

Quarterly results

Revenue and earnings per share from each of Mid America Apartment Communities's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q4 FY2026ended Dec 31, 2026Feb 3, 2027Expected–––––
Q3 FY2026ended Sep 30, 2026Oct 28, 2026after the close$560.13M+1.0%$0.72$2.10Release
Q2 FY2026ended Jun 30, 2026Jul 29, 2026after the close––––Release
Q1 FY2026ended Mar 31, 2026Apr 29, 2026after the close$553.73M+0.8%$1.06–Release
Q4 FY2025ended Dec 31, 2025Feb 4, 2026after the close$555.56M–$0.48$2.23Release
Q3 FY2025ended Sep 30, 2025Oct 29, 2025after the close$554.37M–$0.84$2.16Release
Q2 FY2025ended Jun 30, 2025Jul 30, 2025after the close––––Release
Q1 FY2025ended Mar 31, 2025Apr 30, 2025after the close$549.30M+1.0%$1.54$2.20Release
Q4 FY2024ended Dec 31, 2024Feb 5, 2025after the close––––Release
Q3 FY2024ended Sep 30, 2024Oct 30, 2024after the close––––Release
Q2 FY2024ended Jun 30, 2024Jul 31, 2024after the close$546.44M+2.1%$0.86$2.22Release
Q1 FY2024ended Mar 31, 2024May 1, 2024after the close$543.62M+2.8%$1.22$2.22Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Mid America Apartment Communities's latest outlook for periods it has not reported yet, compared with what it said before

MetricPeriodGuidanceBeforeChangeGiven
Core FFOnon-GAAPQ4 FY2026$2.12 – $2.24–NewOct 28, 2026
Property revenue growthFY2026-0.2% – +1.3%-0.2% – +1.3%ReaffirmedApr 29, 2026
Property revenue growthnon-GAAPFY2026-0.4% – -0.1%–NewOct 28, 2026
NOI growthnon-GAAPFY2026-1.7% – -0.8%–NewOct 28, 2026
Earnings per common share - dilutedGAAPFY2026$3.61 – $3.73–NewOct 28, 2026
Earnings per common share - dilutedGAAPFY2026$4.18 – $4.50$4.11 – $4.47RaisedApr 29, 2026
Core FFO per Share - dilutednon-GAAPFY2026$8.43 – $8.55–NewOct 28, 2026
Core FFO per Share - dilutednon-GAAPFY2026$8.35 – $8.71–NewFeb 4, 2026
Core AFFO per Share - dilutednon-GAAPFY2026$7.40 – $7.52–NewOct 28, 2026
Core AFFO per Share - dilutednon-GAAPFY2026$7.34 – $7.66$7.32 – $7.68LoweredApr 29, 2026
Core FFO per Share - dilutednon-GAAPFY2026$8.37 – $8.69–RaisedApr 29, 2026
NOI growthFY2026-1.7% – +0.3%-1.7% – +0.3%LoweredApr 29, 2026
Property operating expense growthnon-GAAPFY2026+1.15% – +1.65%–NewOct 28, 2026
Property operating expense growthFY2026+1.9% – +3.4%+1.9% – +3.4%RaisedApr 29, 2026

Guidance vs results

The last range Mid America Apartment Communities gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q3 FY2026Core FFO per diluted Share$2.04 – $2.16$2.10Within range
Q4 FY2025Core FFO per diluted Share$2.17 – $2.29$2.23Within range
Q2 FY2024Core FFO$2.11 – $2.27$2.22Within range
Q1 FY2024Core FFO$2.12 – $2.28$2.22Within range
Q4 FY2023Core FFO$2.21 – $2.37$2.32Within range
Q3 FY2023Core FFO$2.18 – $2.34$2.29Within range
Q2 FY2023Core FFO$2.18 – $2.34$2.28Within range
Q1 FY2023Core FFO$2.14 – $2.30$2.28Within range
Q4 FY2022Core FFO$2.19 – $2.35$2.32Within range
Q3 FY2022Core FFO$1.99 – $2.15$2.19Above range
Q2 FY2022Core FFO$1.89 – $2.05$2.02Within range
Q4 FY2021Core FFO$1.77 – $1.89$1.90Above range

Guidance history

Every forecast Mid America Apartment Communities put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Oct 28, 2026Property revenue growthFY2026-0.4% – -0.1%New
Oct 28, 2026Core FFOQ4 FY2026$2.12 – $2.24New
Oct 28, 2026Core FFO per Share - dilutedFY2026$8.43 – $8.55New
Oct 28, 2026Earnings per common share - dilutedFY2026$3.61 – $3.73New
Oct 28, 2026NOI growthFY2026-1.7% – -0.8%New
Oct 28, 2026Property operating expense growthFY2026+1.15% – +1.65%New
Oct 28, 2026Core AFFO per Share - dilutedFY2026$7.40 – $7.52New
Jul 29, 2026Core FFO per diluted ShareQ3 FY2026$2.04 – $2.16New
Apr 29, 2026Earnings per common share - dilutedFY2026$4.18 – $4.50Raised
Apr 29, 2026Property operating expense growthFY2026+1.9% – +3.4%Raised
Apr 29, 2026NOI growthFY2026-1.7% – +0.3%Lowered
Apr 29, 2026Core FFO per Share - dilutedFY2026$8.37 – $8.69Raised
Apr 29, 2026Core AFFO per Share - dilutedFY2026$7.34 – $7.66Lowered
Apr 29, 2026Core FFOQ2 FY2026$2.00 – $2.12New
Apr 29, 2026Property revenue growthFY2026-0.2% – +1.3%Reaffirmed
Feb 4, 2026Core FFO per Share - dilutedFY2026$8.35 – $8.71New
Feb 4, 2026Core FFO per diluted ShareQ1 FY2026$2.05 – $2.17New
Feb 4, 2026Earnings per common share - dilutedFY2026$4.11 – $4.47New
Feb 4, 2026Property operating expense growthFY2026+1.9% – +3.4%New
Feb 4, 2026NOI growthFY2026-1.7% – +0.3%Lowered

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases Mid America Apartment Communities filed with the SEC as exhibits to Form 8-K or 6-K

  1. Consolidated Statements of Operations/Share and Unit Data
    Results
  2. TOTAL MULTIFAMILY PORTFOLIO AT SEPTEMBER 30, 2026
    Results
  3. maac.com September 2026 Capital Markets Update Exhibit 99.1
    Update
  4. Mid-America Apartment Communities to Redeem All Outstanding Shares of Its 8.50% Series I Cumulative Redeemable Preferred Stock
    Update
  5. maac.com August 2026 Capital Markets Update Exhibit 99.1
    Update
  6. Consolidated Statements of Operations/Share and Unit Data
    Results
  7. TOTAL MULTIFAMILY PORTFOLIO AT JUNE 30, 2026 (1)
    Results
  8. maac.com 2026 Investor Conference June 1 - 4, 2026 Nareit REITweek Exhibit 99.1
    Update
  9. Capital Markets Update May 2026 www.maac.com Exhibit 99.1
    Update
  10. Consolidated Statements of Operations/Share and Unit Data
    Results
  11. TOTAL MULTIFAMILY PORTFOLIO AT MARCH 31, 2026 (1)
    Results
  12. 8-K exhibit EX-99.1
    Update
  13. MAA Announces Pricing of Senior Unsecured Notes Offering
    Update
  14. MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS
    News
  15. Consolidated Statements of Operations/Share and Unit Data
    Results