Jun 2026 (Q2 FY26) — Jul 30, 2026
Mid-America Apartment Communities Q2 FY26 — Core FFO Beats, Strong Expense Control, and Accelerating Lease-Up Momentum
Read the full callMID America Apartment Communities earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 554 | +0.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. | ||
| Net profit | 124 | −31.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Price
1Y: $132.7 on 17 Oct 2025 → $115.8. High $142.19 (2 Jul 2026), low $114.21 (7 Oct 2026).
Overview
Call summaries
Mid-America Apartment Communities Q2 FY26 — Core FFO Beats, Strong Expense Control, and Accelerating Lease-Up Momentum
Read the full callEvery analysed call
Financials
Net profit, year on year: −32% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 546 | 551 | 550 | 549 | 550 | 554 | 556 | 554 |
| Interest | 41 | 43 | 44 | 45 | 45 | 46 | 49 | 51 |
| Profit before tax | 105 | 118 | 172 | 187 | 111 | 103 | 58 | 132 |
| Tax rate | 1.0% | 0.6% | 1.0% | 0.6% | 0.5% | 1.7% | 2.1% | 4.2% |
| Net profit | 102 | 115 | 167 | 182 | 108 | 100 | 58 | 124 |
| EPS ($ per share) | 0.86 | 0.98 | — | 1.55 | 0.92 | 0.84 | — | 1.06 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 4,942 | 4,927 | 5,091 | 5,101 | 5,031 | 5,185 | 5,665 | 6,136 |
| Total assets | 11,324 | 11,230 | 11,195 | 11,285 | 11,241 | 11,485 | 11,812 | 11,975 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 734 | 781 | 824 | 895 | 1,058 | 1,137 | 1,098 | 1,078 |
| Cash from investing | -366 | -238 | -485 | -254 | -405 | -775 | -825 | -690 |
| Cash from financing | -405 | -524 | -374 | -546 | -723 | -368 | -271 | -371 |
| Net cash flow | -37 | 19 | -35 | 95 | -70 | -6 | 2 | 17 |
| Capital expenditure | -255 | -190 | -226 | -280 | -296 | -341 | -322 | -360 |
| Free cash flow | 480 | 591 | 598 | 615 | 762 | 796 | 776 | 718 |
61 filings between Oct 31, 2025 and May 21, 2026.
Purchases
$316.1K
4 purchases by 3 insiders
Sales
$1.16M
14 sales by 6 insiders
93% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DelPriore Robert J. | — | $750.0K | Jan 2, 2026 |
| Carpenter Melanie | — | $150.4K | Apr 6, 2026 |
| Fairbanks Amber | — | $145.5K | Apr 6, 2026 |
| FISCHER TAMARA D | $141.4K | — | May 21, 2026 |
| Hill Adrian | $99.9K | — | Dec 12, 2025 |
| BOLTON H ERIC JR | $74.8K | — | Oct 31, 2025 |
| French James Barton | — | $45.8K | May 8, 2026 |
| Argo Timothy | — | $37.9K | Apr 6, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 21, 2026 | FISCHER TAMARA D Director | Purchase | 600 | $77.4K |
| May 21, 2026 | FISCHER TAMARA D Director | Purchase | 500 | $64.0K |
| May 19, 2026 | Caplan Deborah H Director | Award | 1,401 | $0 |
| May 19, 2026 | GRAF ALAN B JR Director | Award | 1,401 | $0 |
| May 8, 2026 | French James Barton EVP Investments | Sale | 350 | $45.8K |
| Apr 6, 2026 | Carpenter Melanie EVP & CHRO | Sale 10b5-1 plan | 731 | $91.2K |
| Apr 6, 2026 | Holder Aubrey Clay EVP, CFO | Sale 10b5-1 plan | 145 | $18.1K |
| Apr 6, 2026 | Fairbanks Amber EVP, Property Management | Sale 10b5-1 plan | 711 | $88.7K |
| Apr 6, 2026 | Argo Timothy EVP, Chief Strategy & Analysis | Sale 10b5-1 plan | 183 | $22.8K |
| Apr 1, 2026 | Fairbanks Amber EVP, Property Management | Tax withheld 10b5-1 plan | 284 | $34.8K |
| Apr 1, 2026 | Holder Aubrey Clay EVP, CFO | Tax withheld 10b5-1 plan | 237 | $29.0K |
| Apr 1, 2026 | Holder Aubrey Clay EVP, CFO | Award 10b5-1 plan | 3,643 | $0 |
| Apr 1, 2026 | Fracchia Joseph EVP, Chief Tech & Innovation | Tax withheld | 272 | $33.3K |
| Apr 1, 2026 | Fracchia Joseph EVP, Chief Tech & Innovation | Award | 1,632 | $0 |
| Apr 1, 2026 | BOLTON H ERIC JR President and CEO | Award | 12,231 | $0 |
| Apr 1, 2026 | Hill Adrian EVP, Chief Investment Officer | Tax withheld | 1,612 | $197.6K |
| Apr 1, 2026 | Carpenter Melanie EVP & CHRO | Tax withheld 10b5-1 plan | 295 | $36.2K |
| Apr 1, 2026 | Carpenter Melanie EVP & CHRO | Award 10b5-1 plan | 1,439 | $0 |
| Apr 1, 2026 | Hill Adrian EVP, Chief Investment Officer | Award | 10,907 | $0 |
| Apr 1, 2026 | Argo Timothy EVP, Chief Strategy & Analysis | Tax withheld 10b5-1 plan | 298 | $36.5K |
| Apr 1, 2026 | BOLTON H ERIC JR President and CEO | Tax withheld | 5,705 | $699.1K |
| Apr 1, 2026 | Argo Timothy EVP, Chief Strategy & Analysis | Award 10b5-1 plan | 2,637 | $0 |
| Apr 1, 2026 | DelPriore Robert J. EVP, General Counsel | Tax withheld | 1,632 | $200.0K |
| Apr 1, 2026 | DelPriore Robert J. EVP, General Counsel | Award | 5,093 | $0 |
| Apr 1, 2026 | Fairbanks Amber EVP, Property Management | Award 10b5-1 plan | 1,947 | $0 |
| Jan 8, 2026 | Argo Timothy EVP, Chief Strategy & Analysis | Sale 10b5-1 plan | 53 | $7.2K |
| Jan 8, 2026 | Carpenter Melanie EVP & CHRO | Sale 10b5-1 plan | 145 | $19.6K |
| Jan 8, 2026 | Fairbanks Amber EVP, Property Management | Sale 10b5-1 plan | 185 | $25.0K |
| Jan 8, 2026 | Holder Aubrey Clay EVP, CFO | Sale 10b5-1 plan | 73 | $9.9K |
| Jan 6, 2026 | Fracchia Joseph EVP, Chief Tech & Innovation | Award | 789 | $0 |
| Jan 6, 2026 | Fracchia Joseph EVP, Chief Tech & Innovation | Tax withheld | 70 | $9.7K |
| Jan 6, 2026 | Argo Timothy EVP, Chief Strategy & Analysis | Tax withheld 10b5-1 plan | 113 | $15.6K |
| Jan 6, 2026 | Hill Adrian EVP, Chief Investment Officer | Tax withheld | 384 | $53.1K |
| Jan 6, 2026 | Holder Aubrey Clay EVP, CFO | Tax withheld 10b5-1 plan | 156 | $21.6K |
| Jan 6, 2026 | BOLTON H ERIC JR President and CEO | Tax withheld | 430 | $59.4K |
| Jan 6, 2026 | Carpenter Melanie EVP & CHRO | Tax withheld 10b5-1 plan | 62 | $8.6K |
| Jan 6, 2026 | DelPriore Robert J. EVP, General Counsel | Tax withheld | 179 | $24.7K |
| Jan 6, 2026 | Fairbanks Amber EVP, Property Management | Tax withheld 10b5-1 plan | 95 | $13.1K |
| Jan 6, 2026 | Holder Aubrey Clay EVP, CFO | Sale 10b5-1 plan | 51 | $7.0K |
| Jan 6, 2026 | Holder Aubrey Clay EVP, CFO | Award 10b5-1 plan | 2,288 | $0 |
| Jan 6, 2026 | Fairbanks Amber EVP, Property Management | Award 10b5-1 plan | 1,139 | $0 |
| Jan 6, 2026 | Hill Adrian EVP, Chief Investment Officer | Award | 7,165 | $0 |
| Jan 6, 2026 | Carpenter Melanie EVP & CHRO | Sale 10b5-1 plan | 290 | $39.6K |
| Jan 6, 2026 | Argo Timothy EVP, Chief Strategy & Analysis | Award 10b5-1 plan | 1,556 | $0 |
| Jan 6, 2026 | Carpenter Melanie EVP & CHRO | Award 10b5-1 plan | 709 | $0 |
| Jan 6, 2026 | DelPriore Robert J. EVP, General Counsel | Award | 2,462 | $0 |
| Jan 6, 2026 | BOLTON H ERIC JR President and CEO | Award | 3,256 | $0 |
| Jan 6, 2026 | Argo Timothy EVP, Chief Strategy & Analysis | Sale 10b5-1 plan | 58 | $7.9K |
| Jan 6, 2026 | Fairbanks Amber EVP, Property Management | Sale 10b5-1 plan | 233 | $31.8K |
| Jan 4, 2026 | Fracchia Joseph EVP, Chief Tech & Innovation | Tax withheld | 115 | $16.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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