Mid America Apartment Communities (MAA-PI) Construction in Progress (2009 - 2025)

Mid America Apartment Communities (MAA-PI) reported Construction in Progress of $426.8 million for Q4 2025, down 9.25% on a YoY basis from $470.3 million in Q4 2024, and down 5.04% quarter-over-quarter from $449.4 million in Q3 2025.

Mid America Apartment Communities (MAA-PI) Construction in Progress (2009 - 2025) Analysis & Trends

Mid America Apartment Communities has reported Construction in Progress for 17 years, with the latest figure at $426.8 million in Q4 2025.

  • For the quarter ending Q4 2025, Construction in Progress fell 9.25% year-over-year to $426.8 million; the trailing twelve-month figure through Dec 2025 stood at $426.8 million (down 9.25% YoY), and the FY2025 full-year result was $426.8 million, down 9.25% from the prior year.
  • Construction in Progress for Q4 2025 stood at $426.8 million, down from $449.4 million in the prior quarter.
  • The five-year high for Construction in Progress was $499.6 million in Q3 2024, with the low at $215.1 million in Q1 2022.
  • Historically, Construction in Progress has averaged $364.3 million across 5 years, with a median of $382.7 million in 2023.
  • Annual changes were most pronounced in 2021 — Construction in Progress surged 86.25% — and 2022, when it retreated 27.33%.
  • Mid America Apartment Communities' Construction in Progress stood at $248.0 million in 2021, then jumped by 33.9% to $332.0 million in 2022, then advanced by 16.07% to $385.4 million in 2023, then rose by 22.02% to $470.3 million in 2024, then dropped by 9.25% to $426.8 million in 2025.
  • The last three Construction in Progress figures came in at $426.8 million (Q4 2025), $449.4 million (Q3 2025), and $485.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Construction in Progress (Qtr)
1 Avalonbay Communities 26.07 Bn 26.30 Bn - 1.58 Bn
2 Equity Residential 25.74 Bn 25.88 Bn - 100.56 Mn
3 Invitation Homes 18.06 Bn 18.09 Bn 694.98 Mn 5.74 Mn
4 Mid America Apartment Communities 16.23 Bn 16.31 Bn 537.05 Mn 426.76 Mn
5 Sun Communities 15.28 Bn 15.39 Bn 491.20 Mn -
6 American Homes 4 Rent 14.08 Bn 14.65 Bn - -
7 Udr 12.84 Bn 12.84 Bn 416.43 Mn 91.74 Mn
8 Equity Lifestyle Properties 12.25 Bn 12.31 Bn 393.79 Mn -
9 Camden Property Trust 12.08 Bn 12.15 Bn - 457.99 Mn
10 Mid America Apartment Communities - - 537.05 Mn 426.76 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 426.76 Mn
Sep 30, 2025 449.39 Mn
Jun 30, 2025 484.96 Mn
Mar 31, 2025 485.25 Mn
Dec 31, 2024 470.28 Mn
Sep 30, 2024 499.62 Mn
Jun 30, 2024 391.37 Mn
Mar 31, 2024 380.09 Mn
Dec 31, 2023 385.41 Mn
Sep 30, 2023 338.86 Mn
Jun 30, 2023 394.80 Mn
Mar 31, 2023 391.44 Mn
Dec 31, 2022 332.04 Mn
Sep 30, 2022 297.42 Mn
Jun 30, 2022 267.69 Mn
Mar 31, 2022 215.06 Mn
Dec 31, 2021 247.97 Mn
Sep 30, 2021 236.34 Mn
Jun 30, 2021 295.65 Mn
Mar 31, 2021 295.93 Mn