Mid America Apartment Communities (MAA) Construction in Progress (2009 - 2026)
Mid America Apartment Communities' (MAA) quarterly Construction in Progress came in at $406.8 million in Q2 2026, down 16.11% on a YoY basis from $485.0 million in Q2 2025, and down 4.67% quarter-over-quarter from $426.8 million in Q4 2025.
Analysis
Mid America Apartment Communities (MAA) Construction in Progress (2009 - 2026) Analysis & Trends
Mid America Apartment Communities (MAA) has reported Construction in Progress for 18 consecutive years, with $406.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Construction in Progress fell 16.11% year-over-year to $406.8 million; the trailing twelve-month figure through Jun 2026 stood at $406.8 million (down 16.11% YoY), and the FY2025 full-year result was $426.8 million, down 9.25% from the prior year.
- Construction in Progress declined to $406.8 million in Q2 2026 per MAA's latest filing, from $426.8 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.
- Historically, Construction in Progress has averaged $389.2 million across 5 years, with a median of $391.4 million in 2023.
- The sharpest annual moves came in 2022 and 2023: Construction in Progress decreased 27.33% in 2022, then soared 82.02% in 2023.
- Over 5 years, Construction in Progress stood at $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, then decreased by 4.67% to $406.8 million in 2026.
- According to Business Quant data, Construction in Progress over the past three periods registered $406.8 million, $426.8 million, and $449.4 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Construction in Progress (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.41 Bn | 24.41 Bn | - | 58.31 Mn |
| 2 | Invitation Homes | 16.74 Bn | 16.74 Bn | 705.34 Mn | 5.99 Mn |
| 3 | Mid America Apartment Communities | 14.81 Bn | 14.68 Bn | 537.17 Mn | 406.83 Mn |
| 4 | Sun Communities | 14.23 Bn | 14.23 Bn | 460.10 Mn | - |
| 5 | Equity Lifestyle Properties | 11.85 Bn | 11.85 Bn | 375.97 Mn | - |
| 6 | American Homes 4 Rent | 11.66 Bn | 11.66 Bn | - | - |
| 7 | Udr | 11.47 Bn | 11.47 Bn | 412.43 Mn | 147.62 Mn |
| 8 | Camden Property Trust | 10.68 Bn | 10.68 Bn | - | 500.12 Mn |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | 1.67 Bn |
| 10 | Independence Realty Trust | 3.59 Bn | 3.59 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 406.83 Mn |
| 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 |