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 +18 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, 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: CPT, CSR, IRT +1 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.
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.
7 days ago
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
MAA reports Q3 2025 earnings results
MAA
Earnings
Guidance Update
New Projects/Investments
- Reported core FFO of $2.16 per diluted share for Q3 2025, in line with guidance; average physical occupancy rose to 95.6% (+20 bps qoq) and blended rent pricing improved 0.3% (+50 bps yoy).
- Lowered full-year 2025 guidance: core FFO midpoint to $8.74 per share (range $8.68–$8.80), same store revenue to -0.05% and same store NOI to -1.35%.
- Maintains strong liquidity with $850 M in combined cash and revolving credit capacity, net debt/EBITDA at 4.2×, and 91% of debt at a 3.8% effective rate.
- Advanced development pipeline by funding $78 M of a $797 M program (leaving $254 M unfunded) and controls 15 sites (over 4,200 units); expects to begin 6–8 projects over the next six quarters.
Oct 30, 2025, 2:00 PM
MAA reports Q3 2025 results
MAA
Earnings
Guidance Update
New Projects/Investments
- MAA reported core FFO of $2.16 per share, in line with Q3 guidance.
- Average physical occupancy rose to 95.6%, with blended lease pricing up 0.3% year-over-year despite new leases down 5.2%; net delinquency remained low at 0.3% of billed rents.
- Full-year 2025 guidance was revised: effective rent growth lowered to -0.4%, same store revenue to -0.05%, property expense growth to 2.2%, same store NOI to -1.35%, and core FFO narrowed to $8.68–$8.80 (midpoint $8.74).
- Development pipeline remains robust with 15 sites approved for 4,200 units, $78 M funded in Q3 of a $797 M pipeline and $254 M remaining; acquisitions include a 318-unit Kansas City property for $96 M yielding 5.8% NOI, and a Scottsdale shovel-ready project yielding 6.1% NOI.
- Balance sheet strength with $850 M liquidity, net debt/EBITDA at 4.2×, 91% fixed-rate debt at 3.8%, and expanded revolving credit capacity to $1.5 B maturing January 2030.
Oct 30, 2025, 2:00 PM
MAA reports Q3 2025 results
MAA
Earnings
Guidance Update
New Projects/Investments
- Core FFO of $2.16 per diluted share, in line with the midpoint of third-quarter guidance.
- Average physical occupancy rose to 95.6%, net delinquency was 0.3%, new lease rates declined 5.2% yoy, renewals increased 4.5%, and blended lease rates grew 0.3%.
- Full-year guidance updated: core FFO now $8.68–$8.80 (midpoint $8.74); effective rent growth cut to –0.4%, same-store revenue to –0.05%, expense growth to 2.2%, and same-store NOI to –1.35%.
- Strong liquidity of $850 M under the revolver, net debt/EBITDA at 4.2x, 91% of debt fixed at an average 3.8% for 6.3 years; revolver increased to $1.5 B (Jan 2030 maturity) and CP capacity to $750 M.
- Invested $78 M in a $797 M development pipeline (with $254 M remaining); acquired a 318-unit Kansas City asset for ~$96 M (5.8% initial NOI yield; ~6.5% post Phase II) and secured shovel-ready land in Scottsdale.
Oct 30, 2025, 2:00 PM
Quarterly earnings call transcripts for MID AMERICA APARTMENT COMMUNITIES.
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