MAA · 8-K · 20260804PR332847
Interest Rate and Refinancing Exposure
MID AMERICA APARTMENT COMMUNITIES INC. · 2026-08-04 · Importance 68 · Surprise 42 · In source text
MAA issued $200 million of unsecured senior notes at an effective rate of 4.61% in February 2026 and entered into a $350 million unsecured delayed-draw term loan at a variable rate maturing in November 2030. A $300 million bond bearing 1.2% interest is scheduled to mature in the third quarter of 2026, and management expects one additional bond issuance during 2026 for external growth or refinancing. At June 30, 2026, total debt was $5.7 billion, with an average interest rate of 3.9% and 87% at fixed rates.
Key facts
- Company expects one additional bond issuance in 2026 and noted a $300M/1.2% bond maturing 3Q26 source
- Total Debt average interest rate: 3.9% and 87% of Total Debt is Fixed Rate as of 6/30/2026 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | Company expects one additional bond issuance in 2026 and noted a $300M/1.2% bond maturing 3Q26 |
| liability | negative | probable | — | Company expects one additional bond issuance in 2026 and noted a $300M/1.2% bond maturing 3Q26 |