Mid-America Apartment Communities (NYSE:MAA) Announces Q4 2026 Earnings Guidance

Key Points

• Mid-America Apartment Communities issued Q4 2026 EPS guidance of $2.12–$2.24, compared with the $2.20 analyst consensus. Full-year 2026 guidance is $8.43–$8.55 per share, with the midpoint slightly below the $8.51 consensus.
• The company’s latest quarterly EPS of $0.72 missed estimates of $2.10, although revenue of $560.1 million exceeded expectations and rose 1% year over year. Same-store net operating income declined 1.8%, indicating ongoing property-level pressure.
• MAA announced a quarterly dividend of $1.53, equivalent to $6.12 annually and a 5.2% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $137.82.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) updated its fourth quarter 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.120-2.240 for the period, compared to the consensus EPS estimate of 2.200. Mid-America Apartment Communities also updated its FY 2026 guidance to 8.430-8.550 EPS.

Mid-America Apartment Communities Stock Performance

NYSE MAA opened at $117.98 on Friday. The stock has a fifty day simple moving average of $121.69 and a 200-day simple moving average of $129.26. Mid-America Apartment Communities has a twelve month low of $113.95 and a twelve month high of $144.41. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.02. The stock has a market cap of $13.69 billion, a PE ratio of 35.75 and a beta of 0.75.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $2.10 by ($1.38). The company had revenue of $560.13 million for the quarter, compared to analysts' expectations of $558.07 million. Mid-America Apartment Communities had a return on equity of 6.80% and a net margin of 17.43%. The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.16 EPS. Equities analysts anticipate that Mid-America Apartment Communities will post 8.51 earnings per share for the current year.

Mid-America Apartment Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be issued a $1.53 dividend. The ex-dividend date is Thursday, October 15th. This represents a $6.12 annualized dividend and a dividend yield of 5.2%. Mid-America Apartment Communities's dividend payout ratio is presently 185.45%.

Analysts Set New Price Targets

Several analysts recently commented on MAA shares. Morgan Stanley reduced their price target on shares of Mid-America Apartment Communities from $155.00 to $147.00 and set an "overweight" rating for the company in a research report on Wednesday, August 12th. Weiss Ratings downgraded Mid-America Apartment Communities from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, October 8th. UBS Group lowered their target price on Mid-America Apartment Communities from $129.00 to $123.00 and set a "neutral" rating on the stock in a report on Wednesday, October 14th. Cantor Fitzgerald restated a "neutral" rating on shares of Mid-America Apartment Communities in a research report on Thursday, August 27th. Finally, Wells Fargo & Company decreased their price objective on shares of Mid-America Apartment Communities from $146.00 to $131.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Mid-America Apartment Communities has a consensus rating of "Hold" and an average target price of $137.82.

More Mid-America Apartment Communities News

Here are the key news stories impacting Mid-America Apartment Communities this week:

• Positive Sentiment: Third-quarter core FFO was $2.10 per share, matching consensus, while revenue of $560.1 million exceeded estimates of approximately $558.1 million. Results benefited from higher occupancy, stronger renewal rates and contributions from newer communities. Mid-America's Q3 FFO Meets Estimates, Revenues Beat as Occupancy Gains
• Positive Sentiment: October lease pricing improved after weaker same-store performance during the quarter, suggesting rental-market conditions may be beginning to stabilize. Limited new apartment supply and lower tenant move-outs could support demand and pricing into 2027. MAA same-store NOI slips 1.8% but October lease pricing turns up
• Neutral Sentiment: Management’s updated fourth-quarter FFO guidance is $2.12-$2.24 per share, versus consensus of $2.20. Full-year 2026 EPS guidance of $8.43-$8.55 has a midpoint of $8.49, slightly below the $8.51 consensus, indicating a broadly stable but not strongly raised outlook.
• Neutral Sentiment: Analyst commentary describes the apartment REIT’s operating recovery as gradual, with a potentially better setup for 2027 if tightening rental supply translates into stronger rent growth. Mid-America Apartment: Inflection Is Slow But Occurring
• Negative Sentiment: Reported third-quarter EPS was $0.72, well below the $2.10 consensus and down from $2.16 a year earlier. Same-store net operating income also declined 1.8%, highlighting continued pressure on property-level profitability despite improving occupancy and leasing indicators.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc NYSE: MAA is a real estate investment trust that owns, operates and develops multifamily apartment communities. Its portfolio is focused primarily on conventional apartment housing, with properties offering a range of floor plans and amenities designed for individual renters, couples and families.

MAA concentrates its operations in high-growth markets across the Sun Belt, including communities in the Southeast, Southwest and Mid-Atlantic regions of the United States.

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