AI English summary of an SEC filing — figures as filed
Mid-America Apartment Communities MAAThe company said net income available to MAA common shareholders for the 3 months ended September 30, 2026 was $83.1 million, a 15.8% decrease from $98.6 million for the same period in 2025. Revenues rose 1.0% over the same period.
Key points
AI summaryThe company said net income available to MAA common shareholders for the 3 months ended September 30, 2026 was $83.1 million, a 15.8% decrease from $98.6 million for the same period in 2025. Revenues rose 1.0% over the same period.
Same Store segment revenue fell 0.4% in Q3, the company said. Average physical occupancy was 95.3% (95.6% a year earlier), and average effective rent per unit was $1,691 ($1,693 a year earlier).
The company said interest expense for Q3 was $54.6 million, up $8.3 million from a year earlier. It cited a higher average outstanding debt balance and a 7 basis points increase in its effective interest rate as factors. As of September 30, 2026, net debt to Adjusted EBITDAre was 4.7x (4.3x as of December 31, 2025).
The company said it completed the redemption of all outstanding MAA Series I preferred stock on October 1, 2026, which eliminates approximately $3.7 million in annual preferred dividend obligations. As of September 30, 2026, variable rate debt was $1.2 billion, and the company did not report any additional variable rate borrowings.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
MAA Net Income Available to Common Shareholders for Q3 2026 $83.1 million
The company said net income available to MAA common shareholders for the 3 months ended September 30, 2026 was $83.1 million, a 15.8% decrease from $98.6 million for the same period in 2025. Revenues rose 1.0% over the same period.
Source · Based on the MD&A text of the filing
Same Store Revenue Down 0.4%, Average Effective Rent $1,691
Same Store segment revenue fell 0.4% in Q3, the company said. Average physical occupancy was 95.3% (95.6% a year earlier), and average effective rent per unit was $1,691 ($1,693 a year earlier).
Source · Based on the MD&A text of the filing
Interest Expense $54.6 million in Q3; Net Debt to Adjusted EBITDAre 4.7x
The company said interest expense for Q3 was $54.6 million, up $8.3 million from a year earlier. It cited a higher average outstanding debt balance and a 7 basis points increase in its effective interest rate as factors. As of September 30, 2026, net debt to Adjusted EBITDAre was 4.7x (4.3x as of December 31, 2025).
Source · Based on the MD&A text of the filing
MAA Series I Preferred Stock Redeemed; Variable Rate Debt $1.2 billion
The company said it completed the redemption of all outstanding MAA Series I preferred stock on October 1, 2026, which eliminates approximately $3.7 million in annual preferred dividend obligations. As of September 30, 2026, variable rate debt was $1.2 billion, and the company did not report any additional variable rate borrowings.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.
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.
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