Mid America Apartment Communities Publishes Q3 2026 Earnings Call Transcript
- Mid America Apartment Communities cut its 2026 Core FFO guidance midpoint by $0.04 to $8.49 per diluted share; revised range: $8.43-$8.55.
- The October 29 earnings call included Brad Hill, Tim Argo, Clay Holder, Rob DelPriore and Andrew Schaeffer.
- Third-quarter Core FFO met guidance at $2.10 per diluted share, with lower expenses offsetting weaker revenue.
- Full-year same-store revenue growth guidance fell to -0.25%; the same-store net operating income growth outlook declined to -1.25%.
- Management expects year-over-year improvement in new-lease pricing in the fourth quarter, one quarter later than previously anticipated.
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