UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 For the transition period from ______ to ______ Commission File Number: 001-12762 (Mid-America Apartment Communities, Inc.) Commission File Number: 333-190028-01 (Mid-America Apartments, L.P.) MID-AMERICA APARTMENT COMMUNITIES, INC. MID-AMERICA APARTMENTS, L.P. (Exact name of registrant as specified in i ...

Key Takeaways MAA reported Q2 core FFO of $2.15, beating estimates but down 3.15% from the prior year.Same-store NOI fell 2.6% as average effective rent per unit declined year over year.2025 NOI guidance midpoint remains at -1.15% despite trimmed revenue and expense projections.Mid-America Apartment Communities (MAA) , commonly known as MAA, reported second-quarter 2025 core funds from operations (FFO) per share of $2.15, which surpassed the Zacks Consensus Estimate of $2.14. However, the reported figure fe ...

Mid-America Apartment Communities (MAA) Q2 2025 Earnings Call July 31, 2025 10:00 AM ET Company ParticipantsAndrew Schaeffer - SVP, Treasurer & Director - Capital MarketsA. Bradley Hill - President, CEO & DirectorTimothy Argo - Executive VP, Chief Strategy & Analysis OfficerA. Clay Holder - EVP & CFOCooper Clark - VP - Equity ResearchR. Nick Kerr - Equity Research Senior AssociateNicholas Yulico - Managing DirectorAdam Kramer - VP - Equity ResearchJana Galan - DirectorRich Hightower - MD - U.S. REIT Researc ...

Mid-America Apartment Communities (MAA) Q2 2025 Earnings Call July 31, 2025 10:00 AM ET Speaker0Good morning, ladies and gentlemen, and welcome to the MAA Second Quarter twenty twenty five Earnings Conference Call. During the presentation, all participants will be in a listen only mode. Afterwards, the company will conduct a question and answer session. As a reminder, this conference call is being recorded today, 07/31/2025. As a reminder, in consideration of time, we have a two question limit.I will now tu ...

Mid-America Apartment Communities (MAA) reported $549.9 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 0.6%. EPS of $2.15 for the same period compares to $0.86 a year ago.The reported revenue represents a surprise of -0.41% over the Zacks Consensus Estimate of $552.15 million. With the consensus EPS estimate being $2.14, the EPS surprise was +0.47%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Mid-America Apartment Communities (MAA) came out with quarterly funds from operations (FFO) of $2.15 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to FFO of $2.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +0.47%. A quarter ago, it was expected that this real estate investment trust would post FFO of $2.16 per share when it actually produced FFO of $2.2, delivering a surprise of +1.85%.Over ...

Exhibit 99.2 PORTFOLIO STATISTICS TOTAL MULTIFAMILY PORTFOLIO AT JUNE 30, 2025 (1) In apartment units | | | Stabilized | | Total | Development | | | --- | --- | --- | --- | --- | --- | --- | | | Same | Non-Same | | Completed | Units | | | | Store | Store | Lease-up | Communities | Delivered | Total | | Atlanta, GA | 11,434 | — | 340 | 11,774 | — | 11,774 | | Dallas, TX | 9,755 | 362 | 386 | 10,503 | — | 10,503 | | Austin, TX | 6,795 | 384 | — | 7,179 | — | 7,179 | | Charlotte, NC | 5,995 | 352 | — | 6,347 | ...

Core Insights - Mid-America Apartment Communities (MAA) is a real estate investment trust (REIT) focused on owning, operating, and acquiring apartment communities in the Southeast, Southwest, and Mid-Atlantic regions of the U.S. [1] - MAA is expected to report its second-quarter 2025 results on July 30, after market close [1] Financial Performance - In the last reported quarter, MAA achieved core FFO per share of $2.20, exceeding the Zacks Consensus Estimate of $2.16, driven by healthy demand and increased occupancy [2] - Over the past four quarters, MAA surpassed the Zacks Consensus Estimate three times, with an average beat of 0.92% [2] U.S. Apartment Market Overview - The U.S. apartment market showed resilience in Q2, absorbing over 227,000 units, surpassing the peak leasing surge of 2021 and early 2022 [3] - National occupancy rose to 95.6% in June, an increase of 140 basis points year over year, despite muted rent growth of just 0.19% [4] Supply and Demand Dynamics - More than 535,000 units were completed in the past year, with approximately 108,000 delivered in Q2, indicating a historically elevated supply [5] - Tech-driven markets like San Francisco and New York gained momentum, while tourism-dependent cities like Las Vegas and Orlando showed signs of weakness [6] Factors Impacting MAA - MAA's exposure to the Sunbelt region likely benefited from strong rental demand, supported by a pro-business environment and lower urban density [7] - Elevated new supply in several Sunbelt markets may have limited MAA's ability to increase rents or occupancy [8] Projections for MAA - MAA expects Q2 core FFO per share to range between $2.05 and $2.21, with a consensus estimate of $2.15 [10] - The Zacks Consensus Estimate for quarterly revenues is $552.21 million, reflecting a 1.06% increase year over year [13] - Same-store property net operating income is projected to decline by 0.6% year over year, with average physical occupancy expected to rise to 95.8% [13] Market Sentiment - MAA's activities have not instilled confidence among analysts, leading to a downward revision of the consensus estimate for core FFO per share to $2.15, indicating a year-over-year decline of 3.15% [14] - MAA currently holds a Zacks Rank of 4 (Sell) and an Earnings ESP of -0.32%, suggesting limited potential for a positive surprise in FFO per share [15]

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Core Points - MAA is set to release its second quarter 2025 results on July 30, 2025, after market close [1] - A conference call will be held on July 31, 2025, at 9:00 a.m. Central Time to discuss performance and answer questions [1] - The conference call can be accessed via specific domestic and international numbers, with a Conference ID provided [2] - A live webcast of the conference call will be available on the company's website, along with an audio archive post-call [3] Company Overview - MAA is an S&P 500 company and a self-administered real estate investment trust (REIT) [4] - The company focuses on delivering strong, full-cycle investment performance through the ownership, management, acquisition, development, and redevelopment of apartment communities [4] - MAA primarily operates in the Southeast, Southwest, and Mid-Atlantic regions of the United States [4]