{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-051311","form_type":"8-K","ticker":null,"cik":"0001581776","company_name":"Mid-America Apartments, L.P.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.067551+00:00","generated_at":"2026-06-03T02:50:50.256563+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"medium","headline":"MAA Q1 same-store NOI falls 0.7% YoY as expenses rise 5.4%","bullets":["Same-store NOI $334.6M, down 0.7% YoY; total portfolio NOI $345.8M, down 0.1%.","Same-store revenue up 1.4% to $519.6M, but operating expenses increased 5.4% led by insurance (+15.8%) and office operations (+20.7%).","Average effective rent per unit up 1.5% to $1,690; physical occupancy slipped to 95.3% from 95.5%.","Total debt $4.62B at 3.6% effective rate, 94.9% fixed rate; unencumbered assets cover unsecured debt at 358%.","Active development pipeline of 1,970 units with $201.7M remaining spend; 1,015 units in lease-up."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-051311","json":"https://secwatch.observer/filing/0000950170-24-051311.json","markdown":"https://secwatch.observer/filing/0000950170-24-051311.md","text":"https://secwatch.observer/filing/0000950170-24-051311.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1581776/000095017024051311/0000950170-24-051311-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/912595/000095017024051311/maa-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:50:50.256563+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8c701674765feda3bad51b66c2c4e888e1c659c2","claim":"Mid-America Apartments, L.P. reported financial results for as of March 31, 2024 and for the three months then ended.","evidence_excerpt":"On May 1, 2024, Mid-America Apartment Communities, Inc. (“MAA”) issued a press release announcing its consolidated results of operations and financial condition as of March 31, 2024 and for the three months then ended","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1581776/000095017024051311/0000950170-24-051311-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"as of March 31, 2024 and for the three months then ended"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}