Mid America Apartment Communities (MAA) Operating Expenses (2009 - 2026)
Mid America Apartment Communities' (MAA) quarterly Operating Expenses came in at $218.7 million in Q2 2026, up 1.89% on a YoY basis from $214.7 million in Q2 2025, and up 6.31% quarter-over-quarter from $205.7 million in Q4 2025.
Analysis
Mid America Apartment Communities (MAA) Operating Expenses (2009 - 2026) Analysis & Trends
Mid America Apartment Communities (MAA) has reported Operating Expenses for 18 consecutive years, with $218.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 1.89% year-over-year to $218.7 million; the trailing twelve-month figure through Jun 2026 stood at $855.2 million (up 2.72% YoY), and the FY2025 full-year result was $837.8 million, up 2.16% from the prior year.
- Operating Expenses climbed to $218.7 million in Q2 2026 per MAA's latest filing, from $205.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $218.7 million in Q2 2026 and bottomed at $12.2 million in Q3 2022.
- Historically, Operating Expenses has averaged $117.3 million across 5 years, with a median of $197.8 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses dropped 10.9% in 2023, then jumped 1464.34% in 2024.
- Over 5 years, Operating Expenses stood at $14.7 million in 2022, then advanced by 3.44% to $15.2 million in 2023, then soared by 1243.91% to $204.9 million in 2024, then gained by 0.39% to $205.7 million in 2025, then advanced by 6.31% to $218.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $218.7 million, $205.7 million, and $216.1 million for Q2 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.37 Bn | 24.37 Bn | - | 566.18 Mn |
| 2 | Invitation Homes | 16.34 Bn | 16.34 Bn | 705.34 Mn | 657.51 Mn |
| 3 | Mid America Apartment Communities | 14.46 Bn | 14.33 Bn | 537.17 Mn | 218.72 Mn |
| 4 | Sun Communities | 14.11 Bn | 14.11 Bn | 460.10 Mn | 434.40 Mn |
| 5 | Equity Lifestyle Properties | 11.69 Bn | 11.69 Bn | 375.97 Mn | 298.46 Mn |
| 6 | American Homes 4 Rent | 11.38 Bn | 11.38 Bn | - | 397.77 Mn |
| 7 | Udr | 11.36 Bn | 11.36 Bn | 412.43 Mn | 345.25 Mn |
| 8 | Camden Property Trust | 10.49 Bn | 10.49 Bn | - | 140.94 Mn |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | 636.04 Mn |
| 10 | Independence Realty Trust | 3.59 Bn | 3.59 Bn | - | 141.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 218.72 Mn |
| 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 |