MAA · 8-K · 20260804PR332847

Revenue Performance and Mix

MID AMERICA APARTMENT COMMUNITIES INC. · 2026-08-04 · Importance 42 · Surprise 14 · No source text

Second-quarter 2026 total NOI was $336.407 million, up from $335.248 million in the second quarter of 2025, while same-store NOI declined to $316.219 million from $319.502 million. Six-month total NOI increased to $684.560 million from $683.190 million, but same-store NOI decreased to $644.915 million from $652.418 million as non-same-store and other NOI rose to $39.645 million from $30.772 million. Second-quarter blended same-store lease-over-lease pricing improved to 0.7% from negative 0.3% in the first quarter, and average daily physical occupancy was 95.3% versus 95.5% in the first quarter.

Key facts

• Total NOI for three months ended June 30, 2026: $336,407; Same Store NOI $316,219 source
• Adjusted EBITDAre for three months ended June 30, 2026: $304,143 and for twelve months ended June 30, 2026: $1,242,171 source
• Net income available for MAA common shareholders for three months ended June 30, 2026: $120,828; for six months ended June 30, 2026: $244,265 source
• FFO attributable to common shareholders and unitholders for three months ended June 30, 2026: $249,846 source
• Core FFO attributable to common shareholders and unitholders for three months ended June 30, 2026: $247,524 and Core FFO per share diluted $2.08 source
• Core AFFO attributable to common shareholders and unitholders for three months ended June 30, 2026: $210,282 and Core AFFO per share diluted $1.77 source
• MAA’s Same Store NOI growth 2006–2026F: 3.8% vs peer average 3.6%; another metric shows 4.4% vs peer 4.5% (two references shown) source
• FFO per Share diluted for three months ended June 30, 2026: $2.10 and for six months ended June 30, 2026: $4.32 source

Impact estimates