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
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 |
| 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 |