Mid America Apartment Communities (MAA) Construction in Progress (2009 - 2025)
Mid America Apartment Communities (MAA) posted Construction in Progress of $426.8 million for Q4 2025, down 5.04% on a QoQ basis from $449.4 million in Q3 2025, and down 9.25% year-over-year from $470.3 million in Q4 2024.
Mid America Apartment Communities (MAA) Construction in Progress (2009 - 2025) Analysis & Trends
Mid America Apartment Communities' Construction in Progress history runs 17 years deep, the most recent figure standing at $426.8 million for Q4 2025.
- Quarterly Construction in Progress fell 9.25% year-over-year to $426.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $426.8 million (down 9.25% YoY) and the FY2025 annual result came in at $426.8 million, down 9.25% from the prior year.
- Construction in Progress was $426.8 million for Q4 2025 at Mid America Apartment Communities, down from $449.4 million in the prior quarter.
- Across five years, Construction in Progress topped out at $499.6 million in Q3 2024 and bottomed at $215.1 million in Q1 2022.
- A 5-year average of $364.3 million and a median of $382.7 million in 2023 frame the typical range for Construction in Progress.
- Annual changes were most pronounced in 2021 — Construction in Progress surged 86.25% — and 2022, when it dropped 27.33%.
- Mid America Apartment Communities' Construction in Progress stood at $248.0 million in 2021, then soared by 33.9% to $332.0 million in 2022, then grew by 16.07% to $385.4 million in 2023, then advanced by 22.02% to $470.3 million in 2024, then fell by 9.25% to $426.8 million in 2025.
- Business Quant data shows MAA's Construction in Progress at $426.8 million in Q4 2025, $449.4 million in Q3 2025, and $485.0 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | 1.58 Bn |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | 100.56 Mn |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 5.74 Mn |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 426.76 Mn |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | - |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 91.74 Mn |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | - |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | - |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | 457.99 Mn |
| 10 | Millrose Properties | 4.76 Bn | 4.76 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |