The real estate investment trust reported Core FFO of $2.08 per diluted share for the quarter ending June 30, 2026. Same Store effective blended lease rate growth reached 0.7%, marking a 20-basis-point improvement year-over-year and a significant 100-basis-point jump sequentially. Resident turnover remained historically low at 39.6%, with only 10.9% of move-outs attributed to residents purchasing single-family homes.

MAA continues to expand its footprint through active development. During the second quarter, the company finalized the lease-up of MAA Cathedral Arts in Dallas and completed construction of MAA Plaza Midwood in Charlotte. Additionally, the firm broke ground on a new project in Kansas City. To support its capital structure, the company secured a $350 million delayed draw term loan and repurchased $50 million of its common stock. Following these results, management updated its full-year 2026 earnings guidance, projecting Core FFO per share to settle at a midpoint of $8.53.