MAA reports lower Q3 Core FFO and cuts 2026 same-store outlook
Filed with the SEC on · Summarized by InvestorsBot
MAA reported third-quarter 2026 diluted EPS of $0.72 and Core FFO of $2.10 per share for the period ended September 30, compared with $0.84 and $2.16, respectively, a year earlier; same-store NOI fell 1.8% as revenue declined 0.4% and expenses rose 2.0%. MAA reduced its full-year 2026 Core FFO guidance to $8.43-$8.55 per share and projected same-store NOI to decline 0.8%-1.7%, citing higher interest rates and delayed new-lease pricing improvement, although October blended lease pricing accelerated more than 100 basis points year over year. MAALP borrowed an additional $250 million during the quarter, bringing its delayed-draw term loan balance to $350 million as of September 30, while MAA maintained its $6.12 annual common dividend rate.