Mid-America Apartment Communities, Inc. (MAA) Financials
Key financial figures for Mid-America Apartment Communities, Inc. (Q2 2026).
MAA's Core FFO of $2.08 per diluted share beat the top of its prior guidance range even as same-store revenue growth stayed negative for a sixth straight quarter (-0.3%) on soft new-lease pricing. Core FFO per diluted share was $2.08 in Q2 2026, down from $2.15 a year ago but above the high end of MAA's prior quarterly expectations, driven by disciplined expense control. Same-store revenue fell 0.3% year over year while same-store operating expenses rose 0.8%, pushing same-store NOI down 1.0%. Average effective rent per unit held roughly flat at $1,688 (-0.2% YoY) and same-store physical occupancy was 95.3%, down modestly from a year earlier. On the outlook: MAA narrowed full-year 2026 Core FFO guidance to $8.41-$8.65 per diluted share (midpoint $8.53, unchanged from prior midpoint) and updated full-year same-store guidance to revenue growth of -0.20% to 0.40% (midpoint 0.10%, down from 0.55%), operating expense growth of 1.25% to 2.25% (midpoint 1.75%, down from 2.65%), and NOI growth of -1.70% to 0.10% (midpoint -0.90%, down from -0.70%). Q3 2026 Core FFO is expected at $2.04-$2.16 per diluted share (midpoint $2.10). Figures are for Q2 2026, as Mid-America Apartment Communities reported them.
- Revenue
- $555M
- Net Income
- $125M
- EPS
- $1.04
- Total Assets
- $12.0B
- Operating Cash Flow
- $333M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $555M | $122M | $1.04 | 25.36% | $224M |
| Q1 FY2026 | $554M | $124M | $1.06 | 26.57% | $16M |
| Q4 FY2025 | $556M | $58M | $0.48 | 28.38% | $159M |
| Q3 FY2025 | $554M | $100M | $0.84 | 27.23% | $171M |
| Q2 FY2025 | $550M | $108M | $0.92 | 27.53% | $265M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $2.2B | $447M | $3.78 | 28.04% | $718M |
| FY2024 | $2.2B | $528M | $4.49 | 29.97% | $776M |
| FY2023 | $2.1B | $553M | $4.71 | 32.06% | $796M |
Frequently asked questions
What was Mid-America Apartment Communities's revenue last quarter?
Mid-America Apartment Communities reported revenue of $555.1 million for Q2 FY2026, up 1.0% from the same period a year earlier.
Is Mid-America Apartment Communities profitable?
Yes. Mid-America Apartment Communities reported net income of $121.8 million for Q2 FY2026, a net margin of 21.93% on revenue.
How has Mid-America Apartment Communities's margin trended?
Operating margin was 25.36% in Q2 FY2026, compared with 27.53% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Mid-America Apartment Communities generate?
Mid-America Apartment Communities generated free cash flow of $223.9 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Mid-America Apartment Communities, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.