Mid-America Apartment Q2 FY26 diluted EPS rises 13.04% to $1.04; FFO per share slips 4.11% to $2.10 - MAA News | RalliesMid-America Apartment Q2 FY26 diluted EPS rises 13.04% to $1.04; FFO per share slips 4.11% to $2.10
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MAA• Guidance and capital actions
- MAA cut full-year diluted EPS guidance to $3.96-$4.20 and kept core FFO per share midpoint at $8.53.
- The company also repurchased 400,000 shares for $50 million.
Q2 results and operating trends
- Mid-America Apartment Communities posted Q2 2026 diluted EPS of $1.04, up 13.04% from $0.92 a year earlier.
- FFO per diluted share slipped 4.11% to $2.10; core FFO per diluted share fell 3.26% to $2.08.
- Same Store revenue edged down 0.3% while expenses rose 0.8%, pulling Same Store NOI down 1% with average effective rent per unit at $1,688.
- Blended lease rate growth was 0.7% with new leases down 5.3% and renewals up 5.2%; resident turnover stayed low at 39.6%.
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