Mid-America Apartment Communities' Near-Term Outlook Uninspiring, Truist Says

02:56 PM EDT, 09/17/2026 (MT Newswires) -- Mid-America Apartment Communities' (MAA) near-term outlook appears relatively uninspiring, but should be better than the past few years with upside more likely than downside at this point, Truist said in a Thursday research note. While the overall jobs growth trend has been weak and disappointing over the past several quarters, Truist said that apartment sector tailwinds include a slowing pace of new supply. Higher interest rates may also contribute to expensive for-sale housing and higher construction costs for rental and single-family units. Truist cut its 2026 FFO estimate to $8.56 per share from $8.58 and its 2027 estimate to $8.42 from $8.60. The investment firm cited the company's strong balance sheet and significant discount to net asset value as reasons for maintaining the rating. Truist cut its price target to $132 from $146 and maintained its buy rating. Price: 121.31, Change: -0.59, Percent Change: -0.48