MAA · 10-Q · 2026Q3 · Full report

Occupancy and Leasing Activity

MID AMERICA APARTMENT COMMUNITIES INC. · 2026-10-29 · Importance 25 · Surprise 32

For the Same Store segment, third-quarter 2026 revenue declined 0.4% year over year, primarily due to lower average physical occupancy and average effective rent per unit. Average effective rent per unit was $1,691, down 0.1% from $1,693, while average physical occupancy was 95.3%, compared with 95.6% a year earlier. Trailing-twelve-month resident turnover improved to 39.6% from 40.2%.

Key facts

• MAA Same Store revenue declined 0.4% in the three months ended September 30, 2026, reflecting a 0.3% decrease in average physical occupancy and a 0.1% decrease in average effective rent per unit.
• MAA Same Store average physical occupancy was 95.3% for the three months ended September 30, 2026, compared with 95.6% in 2025.
• As of September 30, 2026, MAA Same Store resident turnover was 39.6%, compared with 40.2% as of September 30, 2025.