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
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