MAA房产信托 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from ______ to ______Commission File Number: 001-12762 (Mid-America Apartment Communities, Inc.)Commission File Number: 333-190028-01 (Mid-America Apartments, L.P.) MID-AMERICA APARTMENT COMMUNITIES, INC.MID-AMERICA APARTMENTS, L.P.(Exact name of registrant as specified in its charter) Tennessee(Mid-America Apartment Communities, Inc.)62-1543819Tennessee(Mid-America Apartments, L.P.)62-1543816(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 6815 Poplar Ave., Suite 500, Germantown, TN 38138(Address of principal executive offices) (Zip Code)(901) 682-6600(Registrant’s telephone number, including area code)N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (orfor such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES☒NO☐YES☒NO☐ Mid-America Apartment Communities, Inc.Mid-America Apartments, L.P. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of thischapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Mid-America Apartment Communities, Inc.YES☒NO☐Mid-America Apartments, L.P.YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See thedefinitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountingstandards provided pursuant to Section 13(a) of the Exchange Act. Mid-America Apartment Communities, Inc.☐Mid-America Apartments, L.P.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Mid-America Apartment Communities, Inc.YES☐NO☒Mid-America Apartments, L.P.YES☐NO☒ Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: Number of Shares Outstanding atApril 27, 2026116,384,802 Mid-America Apartment Communities, Inc.ClassCommon Stock, $0.01 par value MID-AMERICA APARTMENT COMMUNITIES, INC.MID-AMERICA APARTMENTS, L.P. TABLE OF CONTENTS PagePART I – FINANCIAL INFORMATIONItem 1.Financial Statements.5Mid-America Apartment Communities, Inc.Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025.5Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and2025.6Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31,2026 and 2025.7Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and2025.8Mid-America Apartments, L.P.Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025.9Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and2025.10Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31,2026 and 2025.11Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and2025.12Notes to Condensed Consolidated Financial Statements.13Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.27Item 3.Quantitative and Qualitative Disclosures About Market Risk.37Item 4.Controls and Procedures.37 PART II – OTHER INFORMATIONItem 1.Legal Proceedings.38Item 1A.Risk Factors.38Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.39Item 3.Defaults Upon Senior Securities.39Item 4.Mine Safety Disclosures.39Item 5.Other Information.39Item 6.Exhibits.40Signatures.41 Explanatory Note This quarterly report combines the Quarterly Reports on Form 10-Q for the quarter ended March 31, 2026 of Mid-AmericaApartment Communities, Inc., a Tennessee corporation, and Mid-America Apartments, L.P., a Tennessee limited partnership, ofwhich Mid-America Apartment Communities, Inc. is the sole general partner. Mid-America Apartment Communities, Inc. and its97.5% owned subsidiary, Mid-America Apartments, L.P., are both require