Scotiabank analyst Nicholas Yulico upgraded MAA (MAA) to Outperform from Sector Perform with a price target of $182, up from $173. The firm forecasts Sunbelt rent growth to improve in the second half and combined with MAA’s growing development NOI contribution, it models FFO per share growth improving from negative 0.8% in 2025 to positive 5.2% in 2026, the analyst tells investors. Based on the firm’s analysis of RealPage forecasts, it sees “light at the end of the tunnel for new supply impact in Sunbelt markets,” the analyst tells investors.
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