Mid America Apartment Communities publishes Q3 2026 earnings call transcript
MAA•Mid America Apartment Communities cut its 2026 Core FFO guidance midpoint by $0.04 to $8.49 per diluted share, with a revised range of $8.43-$8.55. Third-quarter Core FFO was $2.10 per diluted share, in line with guidance.
1. Guidance lowered
Mid America Apartment Communities cut its 2026 Core FFO guidance midpoint by $0.04 to $8.49 per diluted share, revising its range to $8.43-$8.55. Full-year same-store revenue growth guidance fell to -0.25%, while the same-store net operating income growth outlook declined to -1.25%.
2. Quarterly results and outlook
Third-quarter Core FFO was $2.10 per diluted share, meeting guidance, as lower expenses offset weaker revenue. Management expects year-over-year improvement in new-lease pricing in the fourth quarter, one quarter later than previously anticipated.
