Form 10-Q · Quarterly report
Mid-America Apartment Communities 10-Q, filed Oct 29, 2026
- Filed
- CIK
- 0000912595
- Accession no.
- 0001193125-26-437813
Summary
Mid-America Apartment Communities reported third-quarter 2026 net income available to common shareholders of $83.1 million, down from $98.6 million a year earlier, as revenues rose 1.0% while Same Store revenue fell 0.4%. The REIT owned and operated 294 apartment communities across 16 states as of September 30, 2026, with eight development communities under construction.
Key points
- Same Store average effective rent per unit was $1,691 for the quarter, versus $1,693 a year earlier, and average physical occupancy was 95.3% versus 95.6%.
- Property operating expenses excluding depreciation and amortization increased 2.9% year over year.
- Resident turnover in the Same Store segment was 39.6%, compared with 40.2% a year earlier.
- The company held a 97.6% interest in its Operating Partnership as of September 30, 2026, and 37 communities included retail components.
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 97.6% interest as of September 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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