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
DateValue
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