Mid America Apartment Communities (MAA-PI) Operating Expenses (2009 - 2025)
Mid America Apartment Communities (MAA-PI) reported Operating Expenses of $205.7 million for Q4 2025, little changed on a YoY basis from $204.9 million in Q4 2024, and down 4.78% quarter-over-quarter from $216.1 million in Q3 2025.
Mid America Apartment Communities (MAA-PI) Operating Expenses (2009 - 2025) Analysis & Trends
Mid America Apartment Communities has reported Operating Expenses for 17 years, with the latest figure at $205.7 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses changed 0.39% year-over-year to $205.7 million; the trailing twelve-month figure through Dec 2025 stood at $837.8 million (up 2.16% YoY), and the FY2025 full-year result was $837.8 million, up 2.16% from the prior year.
- Operating Expenses for Q4 2025 stood at $205.7 million, down from $216.1 million in the prior quarter.
- The five-year high for Operating Expenses was $216.1 million in Q3 2025, with the low at $12.2 million in Q3 2022.
- Historically, Operating Expenses has averaged $91.4 million across 5 years, with a median of $15.8 million in 2022.
- Annual changes were most pronounced in 2023 — Operating Expenses slipped 10.9% — and 2024, when it soared 1464.34%.
- Mid America Apartment Communities' Operating Expenses stood at $14.1 million in 2021, then advanced by 4.4% to $14.7 million in 2022, then rose by 3.44% to $15.2 million in 2023, then jumped by 1243.91% to $204.9 million in 2024, then increased by 0.39% to $205.7 million in 2025.
- The last three Operating Expenses figures came in at $205.7 million (Q4 2025), $216.1 million (Q3 2025), and $214.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.07 Bn | 26.30 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.74 Bn | 25.88 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 18.06 Bn | 18.09 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Mid America Apartment Communities | 16.23 Bn | 16.31 Bn | 537.05 Mn | 205.74 Mn |
| 5 | Sun Communities | 15.28 Bn | 15.39 Bn | 491.20 Mn | 484.40 Mn |
| 6 | American Homes 4 Rent | 14.08 Bn | 14.65 Bn | - | 384.36 Mn |
| 7 | Udr | 12.84 Bn | 12.84 Bn | 416.43 Mn | 353.46 Mn |
| 8 | Equity Lifestyle Properties | 12.25 Bn | 12.31 Bn | 393.79 Mn | 285.25 Mn |
| 9 | Camden Property Trust | 12.08 Bn | 12.15 Bn | - | 140.07 Mn |
| 10 | Mid America Apartment Communities | - | - | 537.05 Mn | 205.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 205.74 Mn |
| Sep 30, 2025 | 216.06 Mn |
| Jun 30, 2025 | 214.65 Mn |
| Mar 31, 2025 | 201.35 Mn |
| Dec 31, 2024 | 204.93 Mn |
| Sep 30, 2024 | 211.56 Mn |
| Jun 30, 2024 | 205.80 Mn |
| Mar 31, 2024 | 197.80 Mn |
| Dec 31, 2023 | 15.25 Mn |
| Sep 30, 2023 | 13.52 Mn |
| Jun 30, 2023 | 13.88 Mn |
| Mar 31, 2023 | 15.92 Mn |
| Dec 31, 2022 | 14.74 Mn |
| Sep 30, 2022 | 12.19 Mn |
| Jun 30, 2022 | 15.58 Mn |
| Mar 31, 2022 | 16.32 Mn |
| Dec 31, 2021 | 14.12 Mn |
| Sep 30, 2021 | 12.67 Mn |
| Jun 30, 2021 | 13.11 Mn |
| Mar 31, 2021 | 12.98 Mn |