Mid-America Apartment Posts $84M Q3 Net Income
MAA is trading near its 52-week low of $113.95 (2.5% above the low).
Summary
Mid-America Apartment Communities reported third-quarter net income of $84 million, with earnings per share of 72 cents and revenue of $560.1 million. Core FFO per share came in at USD 2.1, within the $2.04-$2.16 Q3 Core FFO guidance issued September 9th. Shares sit near the 52-week low of $113.95, so the market is already pricing a soft apartment rent backdrop; the key question is whether same-store revenue and occupancy held up. For 2026, the company sees EPS of $3.61 to $3.73, FFO of $8.43 to $8.55 per share, and Core FFO of $7.40 to $7.52 per share.
At the time of this announcement, MAA was trading at $116.75 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $13.5B. The 52-week trading range was $113.95 to $144.41. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.