KPIs & Operating Metrics(New)
Growth Metrics

Mid America Apartment Communities (MAA) Operating Expenses (2009 - 2025)

Mid America Apartment Communities posted quarterly Operating Expenses of $205.7 million for Q4 2025, little changed year-on-year from $204.9 million in Q4 2024, and down 4.78% on a QoQ basis from $216.1 million in Q3 2025.

Mid America Apartment Communities (MAA) has 17 years of Operating Expenses data on file, last reported at $205.7 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses changed 0.39% year-over-year to $205.7 million; the trailing twelve-month figure through Dec 2025 stood at $837.8 million (up 2.16% YoY), and the FY2025 full-year result was $837.8 million, up 2.16% from the prior year.
  • Operating Expenses for Q4 2025 stood at $205.7 million, 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.
  • The 5-year median for Operating Expenses is $15.8 million (2022), against an average of $91.4 million.
  • The widest annual swing landed in 2023, when Operating Expenses slipped 10.9%; it then soared 1464.34% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $14.1 million in 2021, then climbed by 4.4% to $14.7 million in 2022, then gained by 3.44% to $15.2 million in 2023, then surged by 1243.91% to $204.9 million in 2024, then rose by 0.39% to $205.7 million in 2025.
  • The last three Operating Expenses figures came in at $205.7 million (Q4 2025), $216.1 million (Q3 2025), and $214.7 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Avalonbay Communities 25.91 Bn 26.13 Bn - 623.23 Mn
2 Equity Residential 25.13 Bn 25.27 Bn - -1.66 Bn
3 Invitation Homes 17.75 Bn 17.79 Bn 694.98 Mn 654.71 Mn
4 Sun Communities 15.66 Bn 15.77 Bn 491.20 Mn 484.40 Mn
5 Mid America Apartment Communities 15.34 Bn 15.42 Bn 537.05 Mn 205.74 Mn
6 American Homes 4 Rent 13.60 Bn 14.17 Bn - 384.36 Mn
7 Udr 12.44 Bn 12.44 Bn 416.43 Mn 353.46 Mn
8 Equity Lifestyle Properties 12.31 Bn 12.37 Bn 393.79 Mn 285.25 Mn
9 Camden Property Trust 11.27 Bn 11.34 Bn - 140.07 Mn
10 Millrose Properties 4.59 Bn 4.59 Bn - 28.85 Mn

Historic Data

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DateValue
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
Dec 31, 2020 11.68 Mn
Sep 30, 2020 11.36 Mn
Jun 30, 2020 10.56 Mn
Mar 31, 2020 13.26 Mn
Dec 31, 2019 10.89 Mn
Sep 30, 2019 10.23 Mn
Jun 30, 2019 10.60 Mn
Mar 31, 2019 272.17 Mn
Dec 31, 2018 804.52 Mn
Sep 30, 2018 97.70 Mn
Jun 30, 2018 271.66 Mn
Mar 31, 2018 89.15 Mn
Dec 31, 2017 88.50 Mn
Sep 30, 2017 96.58 Mn
Jun 30, 2017 91.81 Mn
Mar 31, 2017 87.30 Mn
Dec 31, 2016 -257.74 Mn
Sep 30, 2016 183.61 Mn
Jun 30, 2016 178.70 Mn
Mar 31, 2016 176.01 Mn
Dec 31, 2015 171.46 Mn
Sep 30, 2015 174.70 Mn
Jun 30, 2015 175.25 Mn
Mar 31, 2015 173.76 Mn
Dec 31, 2014 168.89 Mn
Sep 30, 2014 171.10 Mn
Jun 30, 2014 167.53 Mn
Mar 31, 2014 187.38 Mn
Dec 31, 2013 184.39 Mn
Sep 30, 2013 88.46 Mn
Jun 30, 2013 85.04 Mn
Mar 31, 2013 2.26 Mn
Dec 31, 2012 79.60 Mn
Sep 30, 2012 82.27 Mn
Jun 30, 2012 78.97 Mn
Mar 31, 2012 78.06 Mn
Dec 31, 2011 63.44 Mn
Sep 30, 2011 76.03 Mn
Jun 30, 2011 73.00 Mn
Mar 31, 2011 71.55 Mn
Dec 31, 2010 57.35 Mn
Sep 30, 2010 71.21 Mn
Jun 30, 2010 67.19 Mn
Mar 31, 2010 66.63 Mn
Dec 31, 2009 61.97 Mn
Sep 30, 2009 66.05 Mn
Jun 30, 2009 62.74 Mn