MAA · News · 20260804N
Development Pipeline
MID AMERICA APARTMENT COMMUNITIES INC. · 2026-08-04 · Importance 64 · Surprise 42 · In source text
MAA is targeting an approximately $800 million development pipeline for 2026. The projects are expected to generate stabilized Net Operating Income yields of 6%–6.5%. Active and completed developments are expected to contribute $70 million–$75 million of incremental NOI and $0.11 to annual Core FFO per share, partially offset by $0.05 per share of dilution from interest costs and concessions. MAA also plans to redevelop 6,400–7,400 units in 2026, targeting a 7%–9% rent lift per unit.
Key facts
- MAA is targeting an $800 million development pipeline for 2026. source
- MAA expects $70 million-$75 million in incremental NOI from active and completed developments in 2026. source
- MAA expects the incremental NOI to contribute $0.11 to annual Core FFO per share in 2026. source
- MAA expects a $0.05 dilution to Core FFO per share from interest costs and concessions in 2026. source
- MAA expects stabilized Net Operating Income (NOI) yields of 6%-6.5% on its 2026 development pipeline. source
- MAA plans to redevelop 6,400-7,400 units in 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | probable | +6.5% | MAA expects $70 million-$75 million in incremental NOI from active and completed developments in 2026. |
| assets | positive | probable | — | MAA is targeting an $800 million development pipeline for 2026. |
| assets | positive | probable | — | MAA plans to redevelop 6,400-7,400 units in 2026. |