Nov 2, 5:29 PM ET
Mid-America Apartment Communities' operating partnership priced a $350 million offering of 5.350% senior unsecured notes due December 15, 2031, at 99.584% of principal. Net proceeds are intended to repay amounts under its revolving credit facility and commercial paper program and for general corporate purposes, with closing expected November 12, 2026. The filing reports no earnings or guidance changes.
- Offering size: $350,000,000 aggregate principal amount of 5.350% senior unsecured notes due December 15, 2031
- Issue price: 99.584% of principal amount
- Expected closing: November 12, 2026, subject to customary closing conditions
- Use of proceeds: repay revolving credit facility and commercial paper borrowings, plus general corporate purposes
Read the filing on SEC.gov ↗
Oct 28, 4:15 PM ET
Mid-America Apartment Communities (MAA) reported third-quarter 2026 results, with diluted earnings per share of $0.72 versus $0.84 a year earlier and diluted Core FFO per share of $2.10 versus $2.16. The company lowered its full-year 2026 guidance, with the earnings per share midpoint falling to $3.67 from $4.08 and the Core FFO midpoint to $8.49 from $8.53, citing higher interest rates and new resident pricing improving about a quarter later than expected.
- Q3 2026 diluted EPS $0.72 vs. $0.84 in Q3 2025; nine-month diluted EPS $2.82 vs. $3.30
- Full-year 2026 diluted EPS guidance updated to $3.61 to $3.73 from $3.96 to $4.20; Core FFO per share updated to $8.43 to $8.55 from $8.41 to $8.65
- Same Store NOI declined 1.8% in Q3 2026 and 1.4% for the nine months; Same Store effective blended lease rate growth was 0.4%
- October 2026 new resident lease pricing improved from September, the first year-over-year improvement in new resident lease pricing this year, per the company
Read the filing on SEC.gov ↗
Jul 29, 4:15 PM ET
Mid-America Apartment Communities reported second-quarter 2026 results with diluted earnings per share of $1.04, up from $0.92 a year earlier, while Core FFO per share fell to $2.08 from $2.15. The company lowered its full-year 2026 diluted earnings per share guidance to $3.96 to $4.20 from $4.18 to $4.50, and kept the Core FFO per share midpoint at $8.53.
- Q2 2026 diluted EPS was $1.04 versus $0.92 in Q2 2025; Core FFO per diluted share was $2.08 versus $2.15.
- Full-year 2026 diluted EPS guidance was lowered to $3.96 to $4.20 (midpoint $4.08) from $4.18 to $4.50 (midpoint $4.34).
- Full-year 2026 Core FFO guidance range narrowed to $8.41 to $8.65 from $8.37 to $8.69; the midpoint is unchanged at $8.53.
- Same Store NOI growth guidance midpoint was revised to -0.90% from -0.70%, and the Same Store property revenue growth midpoint to 0.10% from 0.55%.
Read the filing on SEC.gov ↗
Jun 25, 4:15 PM ET
Mid-America Apartments, L.P., the operating partnership of Mid-America Apartment Communities, signed a term loan agreement on June 22, 2026, providing up to $350 million in unsecured delayed draw borrowing. Proceeds are intended for general corporate purposes, including repaying other debt, and the loan matures November 15, 2030.
- Unsecured delayed draw term loan of up to $350 million, available until December 21, 2026, with an uncommitted accordion to $550 million
- Variable rate of SOFR plus 0.675% to 1.55%, or base rate plus 0.00% to 0.550%, based on credit rating; 0.15% annual commitment fee starting September 15, 2026
- Covenants mirror those of the existing unsecured revolving credit facility; a change of control of MAA or MAALP would be an event of default
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
