MAA · 8-K · 20260804PR332847

Geographic Market Commentary

MID AMERICA APARTMENT COMMUNITIES INC. · 2026-08-04 · Importance 15 · Surprise 14

Atlanta, Dallas and Orlando were described as having positive or improving demand and leasing conditions, although Dallas suburban submarkets and Orlando’s Lake Mary/Kissimmee areas continued to experience supply pressure and negative new-lease rates. Austin showed mixed conditions, with positive momentum in Round Rock but continued weakness in Cedar Park and Far South. Charlotte, Washington, DC and Raleigh were characterized as underperforming or showing weakness because of high or elevated submarket supply, with blended lease pricing down 1.5%, 2.2% and 0.95%, respectively, year over year.

Key facts

• Top 10 markets % of Total Same Store NOI at 2Q 2026: Atlanta 12.0%, Dallas 9.0%, Orlando 7.4%, Tampa 7.1%, Charlotte 6.2%, Austin 5.3%, Raleigh/Durham 5.1%, Nashville 4.7%, Phoenix 3.9%, Houston 3.9% source
• Move-ins from Non-MAA States trailing 12 months at 6/30/2026 to top markets include Orlando, Charlotte, Nashville, Phoenix, Charleston, Kansas City, Tampa, Memphis, Washington DC Area, Savannah with >=11% from non-MAA states source