Quarterly ResultApr 30, 2026, 04:28 PM
MAA Q1 Revenue +0.8% to $553.7M; EPS $1.06, down 31.5%
AI Summary
MID AMERICA APARTMENT COMMUNITIES INC. (MAA) reported Q1 2026 rental and other property revenues of $553.7 million, a 0.8% increase year-over-year. However, net income available for common shareholders decreased by 31.7% to $123.4 million, resulting in basic EPS of $1.06, down 31.5% from $1.55 in Q1 2025. This decline was largely attributed to a significantly lower gain on sale of depreciable real estate assets compared to the prior year. The company also repurchased $72.8 million in common shares and acquired a noncontrolling interest for $11.0 million.
Key Highlights
- Q1 2026 Rental & other property revenues rose 0.8% to $553.7 million.
- Q1 2026 Net income available for common shareholders fell 31.7% to $123.4 million.
- Q1 2026 Basic EPS was $1.06, a 31.5% decrease from $1.55 in Q1 2025.
- Gain on sale of real estate assets decreased to $20.2 million from $71.9 million YoY.
- Repurchased $72.8 million of common shares during the quarter.
- Acquired a noncontrolling interest for $11.0 million.
- Net cash provided by operating activities was $149.6 million, down from $196.6 million.
- Unsecured notes payable, net, increased to $5.30 billion from $5.04 billion.
Price Impact
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