Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Borrowing costs, not tenants, set this quarter's earnings
Interest rose 18.0% while revenue rose 1.0%, and the filing names it as the main drag on Core FFO.
For investorsCan rents outrun the rising cost of debt?
For foundersThe retention playbook behind a full portfolio
The stabilized portfolio, 92.7% of revenue, shrank slightly, so growth now depends on new communities leasing up.
Depreciation is the largest charge but a non-cash one, so net income is an incomplete gauge of what the buildings earn.
Turnover fell to 39.6% and occupancy held at 95.3% while new apartments competed for the same renters.
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Business Lens describes Mid-America Apartment Communities from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
