Mid America Apartment Communities (MAA) Operating Expenses (2009 - 2025)
Mid America Apartment Communities (MAA) posted Operating Expenses of $205.7 million for Q4 2025, down 4.78% on a QoQ basis from $216.1 million in Q3 2025, and little changed year-over-year from $204.9 million in Q4 2024.
Mid America Apartment Communities (MAA) Operating Expenses (2009 - 2025) Analysis & Trends
Mid America Apartment Communities' Operating Expenses history runs 17 years deep, the most recent figure standing at $205.7 million for Q4 2025.
- Quarterly Operating Expenses changed 0.39% year-over-year to $205.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $837.8 million (up 2.16% YoY) and the FY2025 annual result came in at $837.8 million, up 2.16% from the prior year.
- Operating Expenses was $205.7 million for Q4 2025 at Mid America Apartment Communities, down from $216.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $216.1 million in Q3 2025 and bottomed at $12.2 million in Q3 2022.
- A 5-year average of $91.4 million and a median of $15.8 million in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses fell 10.9% — and 2024, when it soared 1464.34%.
- Mid America Apartment Communities' Operating Expenses stood at $14.1 million in 2021, then grew by 4.4% to $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.
- Business Quant data shows MAA's Operating Expenses at $205.7 million in Q4 2025, $216.1 million in Q3 2025, and $214.7 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | 623.23 Mn |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | -1.66 Bn |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 654.71 Mn |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 205.74 Mn |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 484.40 Mn |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 353.46 Mn |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 285.25 Mn |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | 401.95 Mn |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | 140.07 Mn |
| 10 | Millrose Properties | 4.76 Bn | 4.76 Bn | - | 28.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 12.98 Mn |