Mid-America Apartment Communities, Inc. (MAA) Presents at BofA NY Global Real Estate Conference 2026 Transcript

Mid-America Apartment Communities, Inc. ( MAA ) BofA NY Global Real Estate Conference 2026 September 16, 2026 3:00 PM EDT

Company Participants Brad Hill - CEO, President & Director A. Holder - Executive VP & CFO Andrew Schaeffer - Senior VP, Treasurer & Director of Capital Markets

Conference Call Participants Jana Galan - BofA Securities, Research Division

Presentation Jana Galan BofA Securities, Research Division Good afternoon. Welcome to Bank of America's 2026 Global Real Estate Conference. I'm Jana Galan, BofA's residential REIT analyst, and we're thrilled to have with us MAA's President and CEO, Brad Hill; CFO, Clay Holder; and Treasurer, Andrew Schaeffer. I'll turn it over to Brad for opening remarks, and then we can jump into Q&A.

Brad Hill CEO, President & Director Yes. Well, thank you. I appreciate everyone being here. I appreciate the time. It's been a great conference. We enjoy the building. It's been well received. So what I thought I'd do is just give a few opening comments and just jump right into questions. For those of you who aren't as familiar with MAA and our story, just a quick update or background. MAA is a $22 billion S&P 500 multifamily REIT. We have about 105,000 apartment units, predominantly across the Sunbelt region of the U.S. We are located in 16 different states and our exclusive focus really is on multifamily in what we call high-growth, high-demand region of the country. Generally, that overlaps quite well with the Sunbelt markets throughout the Southeast. If you look at our markets, what's characterized them historically has been significant outperformance on demand metrics, whether you're looking at household formation, population growth, migration trends, job growth, wage growth, our markets have consistently outperformed other regions of the country on all of those demand factors, and that continues to be the case today. Certainly, our markets, particularly if you look at the last