MAA — what changed in the latest 10-Q
A section-by-section comparison of MAA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +32 | −29 | ~37 | 42 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +8 | −2 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
For the three months ended September 30, 2026, net income available for MAA common shareholders was $83.1 million as compared to $98.6 million for the three months ended September 30, 2025. Results for the three months ended September 30, 2026 included legal (recoveries), costs and settlements, net …
On October 1, 2026, we completed the redemption of all outstanding shares of our MAA Series I preferred stock. The redemption removes a higher-cost component of our capital structure, eliminates approximately $3.7 million of annual preferred dividend obligations, and is expected to be modestly accre…
Capital remains available to investment-grade borrowers, such as us. However, overall borrowing costs remain at elevated levels relative to our existing fixed rate debt portfolio, and we expect this trend to continue. As of September 30, 2026, we had $1.2 billion of variable rate debt outstanding, c…
Comparison of the three months ended September 30, 2026 to the three months ended September 30, 2025
For the three months ended September 30, 2026, we achieved net income available for MAA common shareholders of $83.1 million, a 15.8% decrease as compared to the three months ended September 30, 2025, and total revenue growth of $5.8 million, representing a 1.0% increase in property revenues as comp…
Text removed vs the prior filing · source: 10-Q · 2026-07-30
For the three months ended June 30, 2026, net income available for MAA common shareholders was $120.8 million as compared to $107.2 million for the three months ended June 30, 2025. Results for the three months ended June 30, 2026 included $35.3 million of gain related to the sale of depreciable rea…
Capital remains available to investment-grade borrowers, such as us. However, overall borrowing costs remain at elevated levels relative to our existing fixed rate debt portfolio, and we expect this trend to continue. As of June 30, 2026, we had $764.0 million of variable rate debt outstanding, cons…
Comparison of the three months ended June 30, 2026 to the three months ended June 30, 2025
For the three months ended June 30, 2026, we achieved net income available for MAA common shareholders of $120.8 million, a 12.7% increase as compared to the three months ended June 30, 2025, and total revenue growth of $5.2 million, representing a 1.0% increase in property revenues as compared to t…
The following table reflects our property revenues by segment for the three months ended June 30, 2026 and 2025 (dollars in thousands):
Other information
Text added vs the prior filing · source: 10-Q · 2026-10-29
In accordance with the disclosure requirement set forth in Item 408(a) of Regulation S-K, the following table discloses any director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company who adopted any contract, instruction or written plan for the purchase or sale of the Co…
20% of net shares from vesting of restricted stock awards (gross vesting quantity: 4,249 shares) (1)
Lesser of 100% of net shares from vesting of restricted stock awards (gross vesting quantity: 6,669 shares) (1) or $500,000
10% of net shares from vesting of restricted stock awards (gross vesting quantity: 3,042 shares) (1)
100% of net shares from vesting of restricted stock awards (gross vesting quantity: 1,974 shares) (1)
Text removed vs the prior filing · source: 10-Q · 2026-07-30
During the quarter ended June 30, 2026, no director or officer of the Company adopted or terminated any “Rule 10b5-1 trading arrangement” as that term is defined in Item 408(a) of Regulation S-K.
During the quarter ended June 30, 2026, no director or officer of the Company adopted or terminated any “non-Rule 10b5-1 trading arrangement” as that term is defined in Item 408(a) of Regulation S-K.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice