The earnings call highlighted strong absorption trends and development pipeline progress, alongside stable occupancy and collection rates. However, challenges remain with significant supply pressures in key markets like Austin and Phoenix, slower new lease pricing recovery, and delayed lease-up stabilization. The muted acquisition market also reflects ongoing caution in capital markets.

Company Guidance

During the MAA Second Quarter 2025 Earnings Conference Call, the management team provided guidance indicating a positive outlook despite ongoing economic uncertainties and market challenges. The second quarter core Funds From Operations (FFO) results exceeded expectations, with a reported $2.15 per diluted share, surpassing the midpoint of guidance by $0.02. The company observed a sequential improvement in lease rates, with blended lease pricing increasing by 0.5%, a 100 basis point improvement from the first quarter. Absorption outpaced new deliveries for four consecutive quarters. The company maintained a stable occupancy rate of 95.4% and strong collection rates with net delinquency at just 0.3% of billed rents. MAA revised its 2025 guidance, lowering the midpoint of effective rent growth to negative 0.25% while maintaining average physical occupancy guidance at 95.6%. The company reaffirmed the midpoint of its full-year core FFO guidance at $8.77 per share, maintaining a strong balance sheet with a debt-to-EBITDA ratio of 4x. Looking ahead, MAA is focused on leveraging its diversified portfolio and capitalizing on high-growth markets, with expectations of continued recovery and improving lease environments in the coming quarters.

Strong Absorption Trends

Absorption across markets reached the highest level in over 25 years, with absorption outpacing new deliveries for 4 consecutive quarters.

Development Pipeline Progress

Construction started on a 336-unit project in Charleston, SC, expected to yield 6.1%, bringing the active pipeline to 2,648 units valued at nearly $1 billion.

Stable Occupancy and Collection Rates

Maintained stable average physical occupancy of 95.4% and strong collections with net delinquency at just 0.3% of billed rents.

Improved Core FFO

Reported core FFO for the quarter was $2.15 per diluted share, $0.02 ahead of the midpoint of the guidance.

Positive Leasing Trends

July pricing trends are better than Q2, with new lease rates showing the best lease-over-lease basis so far this year.

Mid-America Apartment (MAA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MAA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.89 / -	0.95	―	―	―
Jul 30, 2025	2025 (Q2)	0.87 / 0.96	0.833	14.77% (+0.12)	―
Apr 30, 2025	2025 (Q1)	0.89 / 1.59	1.22	30.49% (+0.37)	―
Feb 05, 2025	2024 (Q4)	1.01 / 1.46	1.37	6.64% (+0.09)	―
Oct 30, 2024	2024 (Q3)	1.01 / 0.95	0.94	1.06% (+0.01)	―
Jul 31, 2024	2024 (Q2)	1.01 / 0.83	1.24	-32.82% (-0.41)	―
May 01, 2024	2024 (Q1)	1.03 / 1.22	1.16	5.17% (+0.06)	―
Feb 07, 2024	2023 (Q4)	1.07 / 1.37	1.62	-15.43% (-0.25)	―
Oct 25, 2023	2023 (Q3)	1.16 / 0.94	1.016	-7.48% (-0.08)	―
Jul 26, 2023	2023 (Q2)	1.19 / 1.24	1.765	-29.75% (-0.52)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MAA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$148.79	$142.43	-4.27%
Apr 30, 2025	$158.05	$160.45	+1.52%
Feb 05, 2025	$153.81	$155.76	+1.27%
Oct 30, 2024	$147.69	$146.91	-0.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mid-america Apartment Communities (MAA) report earnings?

Mid-america Apartment Communities (MAA) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Mid-america Apartment Communities (MAA) earnings time?

Mid-america Apartment Communities (MAA) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is MAA EPS forecast?

MAA EPS forecast for the fiscal quarter 2025 (Q3) is 0.89.

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