Mid-America Apartment's Q4 EPS declines

Reuters02-05
Mid-America Apartment's Q4 EPS declines

Overview

  • Diluted EPS for Q4 declines significantly yr/yr

  • Real estate investment trust's Q4 Core FFO per share remains flat yr/yr

  • Company repurchased 0.2 mln shares for $27 mln during Q4

Outlook

  • MAA expects 2026 EPS between $4.11 and $4.47

  • Company forecasts 2026 Core FFO per Share between $8.35 and $8.71

  • MAA sees 2026 Same Store NOI growth between -1.70% and 0.30%

Result Drivers

  • OCCUPANCY AND PRICING - MAA noted improving occupancy and blended pricing trends, supporting a positive leasing outlook, per CEO Brad Hill

  • LEASE-UP AND DEVELOPMENT - MAA completed lease-up of MAA Vale in Raleigh and began construction in Phoenix, indicating active development

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 EPS

$0.48

Q4 Core FFO Per Share

$2.23

Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy", 13 "hold" and 2 "sell" or "strong sell"

  • The average consensus recommendation for the residential reits peer group is "buy."

  • Wall Street's median 12-month price target for Mid-America Apartment Communities Inc is $145.00, about 9.7% above its February 3 closing price of $132.20

  • The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 33 three months ago

Press Release: ID:nPnbCccKma

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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