-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：MAA公佈2026年第一季核心FFO為2.13美元，與市場預期一致，但低於2025年第一季的2.20美元，總營收與上年持平，為5.537億美元。同店淨營業收入較去年同期下降1.3%，支出成長超過營收成長速度，但綜合租賃率較上季改善，從2025年第四季的-1.7%降至-0.3%。該信託在陽光地帶的業務持續面臨新的供應壓力，但市場消化速度超過供應速度。 MAA近期面臨一些不利因素，預計每股核心FFO為8.37美元至8.69美元（中位數為8.53美元）。管理階層維持對2026年全年同店淨營業收入成長的預期，預期為-1.7%至+0.3%，反映出短期內持續存在的不利因素，但預期環比將有所改善。在建案總計1,788個單元，預計成本為6.225億美元，同時資產負債表狀況依然穩健，淨負債與EBITDA比率為4.5倍，流動資金為8.392億美元。鑑於該信託基金已連續129個季度派發股息，且核心FFO派息率為71.8%，我們認為4.7%的股息殖利率仍具有吸引力。
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