Earnings summaries and quarterly performance for MID AMERICA APARTMENT COMMUNITIES.
Executive leadership at MID AMERICA APARTMENT COMMUNITIES.
Brad Hill
Detailed
Chief Executive Officer and President
CEO
AF
Amber Fairbanks
Detailed
Executive Vice President, Property Management
CH
Clay Holder
Detailed
Executive Vice President, Chief Financial Officer
HE
H. Eric Bolton, Jr.
Detailed
Executive Chairman
JF
Joe Fracchia
Detailed
Executive Vice President, Chief Technology & Innovation Officer
MC
Melanie Carpenter
Detailed
Executive Vice President, Chief Human Resources Officer
RD
Robert DelPriore
Detailed
Executive Vice President, Chief Administrative Officer and General Counsel
TA
Timothy Argo
Detailed
Executive Vice President, Chief Strategy & Analysis Officer
Board of directors at MID AMERICA APARTMENT COMMUNITIES.
AB
Alan B. Graf, Jr.
Detailed
Lead Independent Director
CB
Claude B. Nielsen
Detailed
Director
DP
David P. Stockert
Detailed
Director
DH
Deborah H. Caplan
Detailed
Director
EK
Edith Kelly-Green
Detailed
Director
GS
Gary S. Shorb
Detailed
Director
JP
John P. Case
Detailed
Director
SK
Sheila K. McGrath
Detailed
Director
TF
Tamara Fischer
Detailed
Director
Research analysts who have asked questions during MID AMERICA APARTMENT COMMUNITIES earnings calls.
Adam Kramer
Morgan Stanley
4 questions for MAA
Also covers: AMH, AVB, CPT +5 more
Alexander Goldfarb
Piper Sandler
4 questions for MAA
Also covers: ALEX, ALX, AVB +25 more
AC
Ann Chan
Green Street
4 questions for MAA
Also covers: AVB, ELME, IRT +1 more
Brad Heffern
RBC Capital Markets
4 questions for MAA
Also covers: ADC, AMH, AVB +15 more
John Kim
BMO Capital Markets
4 questions for MAA
Also covers: AIV, ALX, ARDX +32 more
Michael Goldsmith
UBS
4 questions for MAA
Also covers: ADC, AHR, AMH +33 more
DT
Daniel Tricarico
Scotiabank
3 questions for MAA
Also covers: AMH, CUBE, EQR +2 more
Eric Wolfe
Citi
3 questions for MAA
Also covers: AMH, AVB, CPT +13 more
HS
Haendel St. Juste
Mizuho Financial Group
3 questions for MAA
Also covers: AAT, ADC, AIV +21 more
Alex Kim
Zelman & Associates
2 questions for MAA
Also covers: AVB, CPT, EQR +2 more
AW
Austin Wurschmidt
KeyBanc Capital Markets Inc.
2 questions for MAA
Also covers: AHR, AIV, AMH +20 more
BH
Buck Horne
Raymond James Financial, Inc.
2 questions for MAA
Also covers: CLPR, DHI, FPI +8 more
CC
Cooper Clark
Wells Fargo
2 questions for MAA
Also covers: APLE, AVB, BRX +16 more
James Feldman
Wells Fargo
2 questions for MAA
Also covers: AMH, ARE, AVB +16 more
JB
Julien Blouin
The Goldman Sachs Group, Inc.
2 questions for MAA
Also covers: ALX, AMH, CBRE +11 more
Linda Tsai
Jefferies
2 questions for MAA
Also covers: ADC, AKR, AMH +31 more
ML
Michael Lewis
Truist Securities, Inc.
2 questions for MAA
Also covers: ALX, BDN, BXP +12 more
Rich Hightower
Barclays
2 questions for MAA
Also covers: ADC, AMH, AVB +19 more
RS
Rob Stevenson
Janney Montgomery Scott
2 questions for MAA
Also covers: ADC, ALEX, CSR +8 more
Steve Sakwa
Evercore ISI
2 questions for MAA
Also covers: ALX, AMH, AVB +31 more
WG
Wesley Golladay
Robert W. Baird & Co.
2 questions for MAA
Also covers: ADC, AHR, ARE +23 more
Alexander Kim
Zelman & Associates
1 question for MAA
Also covers: AVB, CPT, EQR +2 more
JG
Jana Galan
Bank of America
1 question for MAA
Also covers: ADC, AHH, BXP +20 more
JG
Jana Gallen
Bank of America
1 question for MAA
Also covers: AVB, ELS, KRC
Jeff Spector
Bank of America
1 question for MAA
Also covers: AIV, DEI, KW
JD
Joshua Dennerlein
BofA Securities
1 question for MAA
Also covers: AHR, AMH, ARE +18 more
Mason P. Guell
Baird
1 question for MAA
Also covers: ARE, CPT, CSR +2 more
MG
Michael Gorman
BTG Pactual
1 question for MAA
Also covers: BNL, CSR, CTO +13 more
MS
Michael Stefany
Mizuho Financial Group
1 question for MAA
Also covers: AVB
Nicholas Yulico
Scotiabank
1 question for MAA
Also covers: AHR, ALX, AVB +20 more
NK
Nick Kerr
Citigroup Inc.
1 question for MAA
Also covers: VRE
OO
Omotayo Okusanya
Deutsche Bank AG
1 question for MAA
Also covers: AMH, ARE, BDN +40 more
RA
Richard Anderson
Wedbush Securities
1 question for MAA
Also covers: AIV, ARE, AVB +25 more
RN
R. Nick Kerr
Citigroup
1 question for MAA
Recent press releases and 8-K filings for MAA.
MAA reports Q4 2025 results
MAA
Earnings
Debt Issuance
Guidance Update
- MAA reported Q4 2025 diluted EPS of $0.48, FFO per diluted share of $1.79 and Core FFO per diluted share of $2.23, and full-year 2025 diluted EPS of $3.78, FFO of $8.32 and Core FFO of $8.74 per share.
- Same Store effective physical occupancy was 95.7%, average effective rent per unit $1,687, with effective blended lease rate growth of –1.7% year-over-year in Q4 2025.
- MAA issued $400 M of 7-year unsecured senior notes at 4.65%, extended its unsecured revolving credit facility to $1.5 B maturing January 2030, and repurchased 0.2 M common shares at an average price of $131.61 for $27 M in Q4 2025.
- MAA’s 2026 guidance includes a Core FFO midpoint of $8.53 per diluted share and Q1 2026 Core FFO guidance midpoint of $2.11 per share.
- During Q4 2025, MAA completed the initial lease-up of MAA Vale in Raleigh, began construction on a Phoenix multifamily community, and acquired Northern Virginia land for a 287-unit development.
2 hours ago
MAA reports fourth quarter and full year 2025 results
MAA
Earnings
Guidance Update
Dividends
- MAA reported Q4 net income available to common shareholders of $56.6 million (EPS $0.48), Total NOI of $349.8 million; for FY 2025, net income was $443.2 million (EPS $3.78), and Total NOI was $1.371 billion.
- FFO per diluted share was $1.79 in Q4 and $8.32 for the year, Core FFO per share was $2.23 in Q4 and $8.74 for FY 2025; MAA declared its 128th consecutive quarterly dividend at $1.53 per share (annual rate $6.12).
- In Q4, MAA repurchased 0.2 million shares for $27 million, expanded its unsecured revolver to $1.5 billion (accordion to $2.0 billion), issued $400 million of 4.65% senior notes due 2033, and closed 2025 with $879.2 million of cash and revolver capacity; net debt/adjusted EBITDAre was 4.3x.
- MAA provided initial 2026 guidance of $4.11–$4.47 in diluted EPS, $8.35–$8.71 in Core FFO per share, $7.32–$7.68 in Core AFFO per share, and same-store NOI growth of -1.7% to 0.3%.
2 hours ago
Mid-America Apartment Communities agrees to $53 M antitrust settlement
MAA
Legal Proceedings
- Mid-America Apartment Communities will pay $53 million to settle the In Re: RealPage antitrust class action in two equal $26.5 million installments, subject to preliminary and final court approval.
- The settlement includes prospective commitments on nonpublic data disclosure and revenue management software usage, which align with current practices and trigger revision or termination rights if opt-out levels exceed specified thresholds.
- The Company will boost its loss contingency reserve to $62.5 million in its year-end 2025 financials—recorded in other non-operating expense and accrued liabilities—without affecting 2025 Core FFO or FAD.
- Management does not expect the settlement to impair credit ratings, liquidity, leverage ratios, debt covenants, or its dividend policy, viewing the payment as manageable within its capital plan.
7 days ago
Mid-America Apartment Communities raises quarterly dividend
MAA
Dividends
- The board approved a quarterly dividend of $1.53 per share, payable January 30, 2026, to shareholders of record on January 15, 2026.
- This increase brings the annualized dividend to $6.12 per share, reflecting compounded growth of 8.3% over five years and marking the 16th consecutive annual dividend increase.
- The dividend was declared ahead of the company’s earnings announcement expected on February 4, 2026.
- Mid-America Apartment Communities is a self-administered REIT and member of the S&P 500, owning interests in apartment communities across the Southeast, Southwest, and Mid-Atlantic regions.
Dec 17, 2025, 9:15 PM
Mid-America Apartment Communities presents 2025 investor update at Nareit REITworld conference
MAA
Guidance Update
Debt Issuance
New Projects/Investments
- Chronic underbuilding in single-family and multifamily markets supports favorable supply/demand dynamics; MAA market occupancy recovered from a 88% trough in May 2024 to 93% as of September 30, 2025.
- Q3 2025 same-store operating trends show blended lease pricing growth of 0.3% and average physical occupancy at 95.6%, with renewal pricing up 4.5% year-over-year.
- Well-capitalized balance sheet with $16.8 B common equity, $5.2 B total debt, investment-grade ratings (S&P A-; Moody’s A3), 23.8% debt-to-capital and a $400 M, 4.65%, 2033 senior note issuance, plus expanded credit facilities.
- 2025 guidance includes Core FFO per share of $8.68–$8.80, Q4 FFO of $2.17–$2.29, and capital deployment plans for 5.5–6.5 K unit redevelopments, $100 M in acquisitions and $300–$350 M in development funding.
Dec 8, 2025, 9:15 PM
MAA presents Q3 2025 investor presentation and 2025 outlook
MAA
Guidance Update
New Projects/Investments
Debt Issuance
- MAA markets achieved 93% occupancy (including lease-ups) as of September 2025, up from 88% in May 2024, supported by slowing multifamily starts and steady demand.
- Portfolio is concentrated in high-growth Sunbelt markets, with the top 10 markets representing 74% of same-store NOI, diversified across 26 submarkets.
- A pipeline of 2,965 units in active developments and initial lease-ups is expected to deliver $55 M–$65 M of stabilized incremental NOI and $0.09 per share to Core FFO upon stabilization.
- Strong balance sheet with an A- rating, 23.8% debt to total capitalization, an expanded $1.5 B revolving credit facility, and issuance of $400 M senior notes at 4.65% due January 2033.
- 2025 guidance calls for Core FFO of $8.68–$8.80 per share and Q4 Core FFO of $2.17–$2.29 per share.
Nov 11, 2025, 2:50 AM
Mid-America Apartment Communities issues $400M senior notes due 2033
MAA
Debt Issuance
- On November 10, 2025, Mid-America Apartments, L.P., a subsidiary of Mid-America Apartment Communities, Inc., issued $400 million aggregate principal amount of 4.650% Senior Notes due January 15, 2033.
- The Notes bear interest at 4.650% per annum, payable semi-annually on January 15 and July 15, commencing July 15, 2026.
- The Notes are callable at the issuer’s option at a make-whole premium prior to November 15, 2032, and at 100% of principal thereafter, plus accrued interest.
- The issuance was effected under a Tenth Supplemental Indenture dated November 10, 2025, amending the Original Indenture of May 9, 2017.
Nov 10, 2025, 9:15 PM
MAA announces pricing of senior unsecured notes offering
MAA
Debt Issuance
- $400 million aggregate principal of 4.650% senior unsecured notes due January 15, 2033 priced at 99.354% of the principal amount
- Closing expected on November 10, 2025, with net proceeds to repay borrowings under its unsecured commercial paper program and for general corporate purposes, including debt repayment and apartment community investments
- Joint book-running managers: J.P. Morgan Securities, Citigroup Global Markets, PNC Capital Markets, TD Securities (USA) and Wells Fargo Securities
Nov 3, 2025, 10:25 PM
MAA announces pricing of senior unsecured notes
MAA
Debt Issuance
- Mid-America Apartments, L.P. priced a $400 million offering of 4.650% senior unsecured notes due January 15, 2033, at 99.354% of par.
- The offering is expected to close on November 10, 2025, subject to customary closing conditions.
- Net proceeds will repay borrowings under its unsecured commercial paper program, with remaining funds for general corporate purposes, including debt repayment and the acquisition, development and redevelopment of apartment communities.
- Joint book-running managers for the offering are J.P. Morgan Securities, Citigroup Global Markets, PNC Capital Markets, TD Securities and Wells Fargo Securities.
Nov 3, 2025, 9:45 PM
MAA reports Q3 2025 earnings and updates guidance
MAA
Earnings
Guidance Update
New Projects/Investments
- Occupancy rose to 95.6%, with blended rental rate growth of +0.3%, driven by new leases at –5.2% and renewals at +4.5%, and net delinquency at 0.3%.
- Core FFO was $2.16 per share, in line with guidance, and full-year core FFO guidance was narrowed to $8.68–$8.80 (midpoint $8.74), alongside same-store NOI revised to –1.35%.
- Expanded development pipeline: acquired a 318-unit Kansas City property at a 5.8% NOI yield (6.5% post-Phase Two), launched a Scottsdale project at 6.1% yield, and controls 15 sites approved for 4,200+ units, expecting 6–8 starts over the next six quarters.
- Strong liquidity and balance sheet: $850 million of cash and revolver capacity, net debt/EBITDA 4.2x, 91% of debt fixed at 3.8%, revolver increased to $1.5 billion (matures January 2030) and commercial paper capacity to $750 million.
Oct 30, 2025, 2:00 PM
Quarterly earnings call transcripts for MID AMERICA APARTMENT COMMUNITIES.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more