Mid-America Apartment Communities Reports Q3 Revenue Beat and Updates 2026 Guidance
Mid-America Apartment Communities (MAA) reported third-quarter results featuring Funds From Operations (FFO) of $2.10 per share, meeting market expectations. The company's revenue reached $560.13 million, representing a 1.0% year-over-year increase and exceeding analyst estimates by $1.75 million. Despite the revenue beat, the company has adjusted its full-year 2026 guidance downward. Specifically, the updated midpoint for diluted earnings per common share is now $3.67, compared to a previous midpoint of $4.08. The same-store portfolio metrics also reflect tighter margins, with projected Net Operating Income (NOI) growth revised to a range of -1.70% to -0.80%.
Tickers: $MAA
Topics: earnings report FFO guidance real estate revenue
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