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Mid-America Apartment Communities logoMid-America Apartment Communities MAA

The company said it presented full-year 2026 Core FFO per share guidance of $8.37 to $8.69 (midpoint $8.53). Core FFO per share guidance for Q2 is $2.00 to $2.12 (midpoint $2.06).

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it presented full-year 2026 Core FFO per share guidance of $8.37 to $8.69 (midpoint $8.53). Core FFO per share guidance for Q2 is $2.00 to $2.12 (midpoint $2.06).

  2. MAA said it reported FFO per diluted share of $2.23 and Core FFO per share of $2.13 for Q1 2026. For the same quarter last year, FFO per share was $2.21 and Core FFO per share was $2.20.

  3. The company expects to keep its development pipeline at about $1 billion in 2026, with development funding guidance of $300M to $400M (midpoint $350M). It said its unit redevelopment spending guidance is $45M to $55M.

  4. In Q1 2026, MAA repurchased 0.6 million shares at a weighted average price of $130.46 and issued $200M of senior unsecured bonds at an effective interest rate of 4.61%.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

2026 Core FFO Guidance

The company said it presented full-year 2026 Core FFO per share guidance of $8.37 to $8.69 (midpoint $8.53). Core FFO per share guidance for Q2 is $2.00 to $2.12 (midpoint $2.06).

Source · Based on the filing body and exhibits

Q1 FFO and Core FFO

MAA said it reported FFO per diluted share of $2.23 and Core FFO per share of $2.13 for Q1 2026. For the same quarter last year, FFO per share was $2.21 and Core FFO per share was $2.20.

Source · Based on the filing body and exhibits

Development and Redevelopment Spending Plans

The company expects to keep its development pipeline at about $1 billion in 2026, with development funding guidance of $300M to $400M (midpoint $350M). It said its unit redevelopment spending guidance is $45M to $55M.

Source · Based on the filing body and exhibits

Share Repurchases and Bond Issuance

In Q1 2026, MAA repurchased 0.6 million shares at a weighted average price of $130.46 and issued $200M of senior unsecured bonds at an effective interest rate of 4.61%.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.