MAA · 8-K · 20260804PR332847

Capital Return Program

MID AMERICA APARTMENT COMMUNITIES INC. · 2026-08-04 · Importance 83 · Surprise 82 · In source text

MAA repurchased 940,433 common shares during the first six months of 2026 at a weighted-average price of $130.54 per share. The year-to-date repurchases totaled $122.77 million under the existing authorization, compared with $27.23 million for 206,916 shares repurchased in 2025. MAA reported $150.00 million of cumulative gross repurchases for 2025 and 2026 year-to-date and has paid 130 consecutive quarterly cash dividends without suspension or reduction.

Key facts

• Share Repurchases 2025: 206,916 shares at average price $131.61 for $27.23M; 2026 YTD: 940,433 shares at avg price $130.54 for $122.77M; TOTAL 1,147,349 shares at avg $130.74 for $150.00M source
• Repurchased 0.94M shares YTD through 6/30/2026 at weighted average share price $130.54 for gross $122.77M source
• YTD through 6/30/2026, repurchased 0.94M shares at an average price of $130.54 per share under in-place repurchase authorization totaling $123M (YTD through 6/30/2026) source
• MAA has paid 130 consecutive quarterly cash dividends and paid its 130th quarterly dividend on 7/31/2026 source
• Core AFFO, when used in this release, represents Core AFFO attributable to common shareholders and unitholders because net income attributable to noncontrolling interests is added back. source

Impact estimates