Form 10-Q · Quarterly report
Mid-America Apartment Communities 10-Q, filed Jul 30, 2026
- Filed
- CIK
- 0000912595
- Accession no.
- 0001193125-26-326153
Summary
Mid-America Apartment Communities reported second-quarter 2026 net income available to common shareholders of $120.8 million, up from $107.2 million a year earlier, with revenues up 1.0% and property operating expenses up 1.9%. The multifamily REIT's same-store revenue declined 0.3% year over year, and results included a $35.3 million gain on the sale of depreciable real estate assets.
Key points
- Same Store average effective rent per unit was $1,688 for the quarter ended June 30, 2026, versus $1,691 a year earlier, and Same Store revenue fell 0.3%.
- Same Store average physical occupancy was 95.3%, compared with 95.4% a year earlier, and resident turnover was 39.6% versus 41.0%.
- As of June 30, 2026, MAA owned and operated 294 apartment communities across 16 states and the District of Columbia, with six development communities under construction and 37 communities including retail components.
- MAA held a 97.5% interest in the Operating Partnership, through which it conducts all of its business, as of June 30, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. The following discussion analyzes the financial condition and results of operations of both MAA and the Operating Partnership, of which MAA is the sole general partner and in which MAA owned a 97.5% interest as of June 30, 2026. MAA conducts all of its business through the Operating Partnership and its various subsidiaries. This discussion should be read in conjunction with the condensed consolidated financial statements and notes thereto included in this Quarterly Report on Form 10-Q. …
An excerpt of the text as filed with the SEC, cut for length.
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