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% YoY from $214.7 million in Q2 2025, and up 6.31% on a QoQ basis from $205.7 million in Q4 2025.
Mid America Apartment Communities (MAA) Operating Expenses (2009 - 2026) Analysis & Trends
Mid America Apartment Communities (MAA) has 18 years of Operating Expenses data on file, last reported at $218.7 million in Q2 2026.
- Quarterly Operating Expenses rose 1.89% year-over-year to $218.7 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $855.2 million (up 2.72% YoY) and the FY2025 annual result came in at $837.8 million, up 2.16% from the prior year.
- Operating Expenses rose to $218.7 million in Q2 2026, from $205.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $218.7 million in Q2 2026 to a low of $12.2 million in Q3 2022.
- A 5-year average of $117.3 million and a median of $197.8 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses slipped 10.9% — and 2024, when it soared 1464.34%.
- Tracing MAA's Operating Expenses over 5 years: stood at $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, then rose by 6.31% to $218.7 million in 2026.
- The last three Operating Expenses figures came in at $218.7 million (Q2 2026), $205.7 million (Q4 2025), and $216.1 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 636.04 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 566.18 Mn |
| 3 | Invitation Homes | 17.81 Bn | 17.81 Bn | 705.34 Mn | 657.51 Mn |
| 4 | Mid America Apartment Communities | 15.25 Bn | 15.12 Bn | 537.17 Mn | 218.72 Mn |
| 5 | Sun Communities | 14.88 Bn | 14.88 Bn | 460.10 Mn | 434.40 Mn |
| 6 | Equity Lifestyle Properties | 12.64 Bn | 12.64 Bn | 375.97 Mn | 298.46 Mn |
| 7 | American Homes 4 Rent | 12.38 Bn | 12.38 Bn | - | 397.77 Mn |
| 8 | Udr | 12.15 Bn | 12.15 Bn | 412.43 Mn | 345.25 Mn |
| 9 | Camden Property Trust | 10.98 Bn | 10.98 Bn | - | 140.94 Mn |
| 10 | Millrose Properties | 5.05 Bn | 5.05 Bn | - | 29.22 Mn |
Historic Data
Download 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 |