MAA Reports Q2 2026 Results with Improved Core FFO
Mid-America Apartment Communities (NYSE: MAA) reported second-quarter results for the period ending June 30, 2026. The company exceeded expectations in core funds from operations (Core FFO), driven by strong demand and disciplined expense management. New lease pricing improved significantly compared to both prior quarters and years, contributing to a blended year-over-year increase of 20 basis points. Same Store effective blended lease rate growth rose 0.7% for the quarter, with new lease pricing up 170 basis points from Q1 2026. Resident turnover remained low at 39.6%, and MAA completed key developments in Dallas and Charlotte while starting a project in Kansas City. MAA also secured a $350 million unsecured delayed draw term loan, with $100 million drawn as of June 30, 2026. The company repurchased 0.4 million shares for $50 million during the quarter.
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