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
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