Mid-America Apartment Communities (MAA) Q3 FFO and Revenues Miss Estimates

Core Insights - Mid-America Apartment Communities (MAA) reported quarterly funds from operations (FFO) of $2.16 per share, missing the Zacks Consensus Estimate of $2.17 per share, and down from $2.21 per share a year ago, representing an FFO surprise of -0.46% [1] - The company posted revenues of $554.37 million for the quarter ended September 2025, which was 0.3% below the Zacks Consensus Estimate and slightly above the year-ago revenues of $551.13 million [2] - The stock has underperformed, losing about 15.4% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Financial Performance - Over the last four quarters, MAA has surpassed consensus FFO estimates two times [2] - The current consensus FFO estimate for the coming quarter is $2.24 on revenues of $561.26 million, and for the current fiscal year, it is $8.75 on revenues of $2.22 billion [7] Market Outlook - The estimate revisions trend for MAA was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The outlook for the REIT and Equity Trust - Residential industry is currently in the bottom 41% of Zacks industries, which may impact MAA's stock performance [8]