MAA Q3 net income falls 16% year over year to $85.81 million
MAA•MAA reported third-quarter 2026 net income of $85.81 million, down 16% year over year, and Core FFO of $2.10 per diluted share. It narrowed its 2026 Core FFO guidance to $8.43–$8.55 per share, with a midpoint of $8.49.
1. Quarterly results
MAA’s third-quarter 2026 non-GAAP Core FFO fell year over year to $2.10 per diluted share, meeting management’s expectations. Same-store average physical occupancy was 95.3%, and resident turnover was 39.6% at September 30.
2. 2026 outlook
MAA narrowed its full-year 2026 non-GAAP Core FFO guidance to $8.43–$8.55 per diluted share, lowering the midpoint to $8.49. It projected fourth-quarter Core FFO of $2.12–$2.24 per diluted share.
