MAA · 10-Q · 2026Q3 · Full report

Development Pipeline

MID AMERICA APARTMENT COMMUNITIES INC. · 2026-10-29 · Importance 44 · Surprise 24 · In source text

As of September 30, 2026, MAA had eight development communities under construction, totaling 2,236 apartment units upon completion. The projects had expected total costs of $760.0 million, of which $395.6 million had been incurred through September 30, 2026. MAA expected 2026 capital expenditures for development, redevelopment, repositioning, and recurring replacements to be in line with total capital expenditures in 2025, and said it expected additional development projects in the future.

Key facts

• As of September 30, 2026, MAA had eight development communities under construction totaling 2,236 apartment units upon completion.
• Total expected costs for MAA’s eight development projects were $760.0 million, of which $395.6 million had been incurred through September 30, 2026.
• MAA spent $59.140 million on purchases of real estate and other assets for the nine months ended September 30, 2026, versus $104.880 million in 2025.
• MAA acquired land parcels for four developments and no apartment communities in the nine months ended September 30, 2026; in 2025 it acquired one land parcel and one apartment community.
• MAA spent $213.792 million on development costs for the nine months ended September 30, 2026, versus $207.295 million in 2025.
• As of September 30, 2026, MAA had eight development communities under construction.
• MAA Non-Same Store and Other revenue growth in the three months ended September 30, 2026 was primarily from completed development units and recently acquired communities.
• MAA Non-Same Store and Other property operating expense growth in the three months ended September 30, 2026 was primarily from completed development units and recently acquired communities.

Impact estimates