MAA · 10-Q · 2026Q3

MID AMERICA APARTMENT COMMUNITIES INC.

Filed 2026-10-29 · Real Estate

Everything MAA's SEC filings said, ranked

Ranked Events

• Interest Rate and Refinancing ExposureImportance 66 · Surprise 40
  MAA said borrowing costs remained elevated relative to its existing fixed-rate debt portfolio and expected that trend to continue as of September 30, 2026. It had $1.2 billion of variable-rate debt outstanding: $750.0…
• Capital Return ProgramImportance 65 · Surprise 82
  MAA repurchased 1.3 million common shares for $172.8 million during the first nine months of 2026 at a weighted-average price of $129.41 per share, compared with no repurchases in the same 2025 period. On October 1,…
• Development PipelineImportance 44 · Surprise 24
  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…
• Liquidity and Debt PositionImportance 43 · Surprise 32
  At September 30, 2026, total debt was $5.839 billion, net debt was $5.814 billion, and cash and cash equivalents were $25.7 million; net debt had increased $468.5 million from December 31, 2025. Net debt to…
• Capital Expenditure ProgramImportance 43 · Surprise 32
  MAA used $468.4 million of net cash in investing activities during the first nine months of 2026, including $275.7 million for capital improvements and other spending and $213.8 million for development costs.…
• Interest Expense IncreaseImportance 30 · Surprise 40
  Interest expense increased 18.0% to $54.6 million in the third quarter of 2026, up $8.3 million year over year, primarily because average outstanding debt increased and the effective interest rate rose 7 basis points.…
• Net Income and ProfitabilityImportance 30 · Surprise 40
  Net income available for MAA common shareholders was $83.1 million for the third quarter of 2026, down 15.8% from $98.6 million in the third quarter of 2025. For the first nine months of 2026, net income available to…
• Inflationary Cost PressuresImportance 25 · Surprise 32
  During the nine months ended September 30, 2026, MAA experienced inflationary pressures that drove higher operating expenses. The filing identifies utilities, marketing expenses, and building repair and maintenance as…
• Occupancy and Leasing ActivityImportance 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,…
• Property Operating Expense TrendsImportance 25 · Surprise 32
  Total property operating expenses, excluding depreciation and amortization, increased 2.9% to $222.3 million in the third quarter of 2026 and 2.3% to $646.6 million for the first nine months. Same Store expenses rose…
• Revenue Performance and MixImportance 25 · Surprise 32
  For the three months ended September 30, 2026, property revenue increased 1.0% to $560.1 million from $554.4 million, while nine-month property revenue rose 0.9% to $1.669 billion from $1.654 billion. Same Store…
• Supply and Demand TrendsImportance 23 · Surprise 24
  During the third quarter of 2026, apartment demand in MAA’s markets remained steady despite an uncertain macroeconomic backdrop, partially offsetting pressure from new deliveries. Management expects the impact of new…
• Geographic Market CommentaryImportance 10 · Surprise 6
  MAA’s portfolio is concentrated in the Southeast, Southwest and Mid-Atlantic regions of the U.S., with assets in 38 defined markets and approximately 150 submarkets. The portfolio includes garden-style, mid-rise and…

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