Mid America Apartment Communities (MAA) Operating Margin (2009 - 2025)
Mid America Apartment Communities posted quarterly Operating Margin of 59.64% for Q4 2025, up 11.0% year-on-year from 53.73% in Q4 2024, and up 3.27% on a QoQ basis from 57.75% in Q3 2025.
Mid America Apartment Communities (MAA) has 17 years of Operating Margin data on file, last reported at 59.64% in Q4 2025.
- For the quarter ending Q4 2025, Operating Margin rose 11.0% year-over-year to 59.64%; the trailing twelve-month figure through Dec 2025 stood at 58.69% (down 59.0% YoY), and the FY2025 full-year result was 58.69%, down 59.0% from the prior year.
- Operating Margin for Q4 2025 stood at 59.64%, up from 57.75% in the prior quarter.
- Across five years, Operating Margin topped out at 94.54% in Q3 2022 and bottomed at 57.75% in Q3 2025.
- The 5-year median for Operating Margin is 93.64% (2021), against an average of 79.96%.
- The widest annual swing landed in 2023, when Operating Margin surged 70 bps; it then tumbled 3602 bps in 2024.
- A 5-year view of Operating Margin shows it stood at 93.67% in 2021, then grew by 0 bps to 93.98% in 2022, then decreased by 0 bps to 93.97% in 2023, then slumped by 37 bps to 59.53% in 2024, then rose by 0 bps to 59.64% in 2025.
- The last three Operating Margin figures came in at 59.64% (Q4 2025), 57.75% (Q3 2025), and 57.78% (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - | - |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | - |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 5.48% |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | 1.34% |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | 59.64% |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | - |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | 53.96% |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | 28.26% |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - | - |
| 10 | Millrose Properties | 4.59 Bn | 4.59 Bn | - | 85.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 59.64% |
| Sep 30, 2025 | 57.75% |
| Jun 30, 2025 | 57.78% |
| Mar 31, 2025 | 59.60% |
| Dec 31, 2024 | 59.53% |
| Sep 30, 2024 | 58.48% |
| Jun 30, 2024 | 59.19% |
| Mar 31, 2024 | 59.94% |
| Dec 31, 2023 | 93.97% |
| Sep 30, 2023 | 94.50% |
| Jun 30, 2023 | 94.40% |
| Mar 31, 2023 | 93.60% |
| Dec 31, 2022 | 93.98% |
| Sep 30, 2022 | 94.54% |
| Jun 30, 2022 | 93.70% |
| Mar 31, 2022 | 93.10% |
| Dec 31, 2021 | 93.67% |
| Sep 30, 2021 | 94.14% |
| Jun 30, 2021 | 93.85% |
| Mar 31, 2021 | 93.90% |
| Dec 31, 2020 | 94.12% |
| Sep 30, 2020 | 94.32% |
| Jun 30, 2020 | 94.60% |
| Mar 31, 2020 | 93.33% |
| Dec 31, 2019 | 94.07% |
| Sep 30, 2019 | 94.20% |
| Jun 30, 2019 | 94.10% |
| Mar 31, 2019 | 28.71% |
| Dec 31, 2018 | -105.09% |
| Sep 30, 2018 | 24.74% |
| Jun 30, 2018 | 24.35% |
| Mar 31, 2018 | 24.37% |
| Dec 31, 2017 | 25.21% |
| Sep 30, 2017 | 24.62% |
| Jun 30, 2017 | 22.46% |
| Mar 31, 2017 | 20.49% |
| Dec 31, 2016 | 14.52% |
| Sep 30, 2016 | 27.02% |
| Jun 30, 2016 | 28.73% |
| Mar 31, 2016 | 28.78% |
| Dec 31, 2015 | 29.15% |
| Sep 30, 2015 | 27.92% |
| Jun 30, 2015 | 26.59% |
| Mar 31, 2015 | 26.84% |
| Dec 31, 2014 | 27.17% |
| Sep 30, 2014 | 25.66% |
| Jun 30, 2014 | 23.68% |
| Mar 31, 2014 | 16.10% |
| Dec 31, 2013 | 6.56% |
| Sep 30, 2013 | 23.93% |
| Jun 30, 2013 | 24.22% |
| Mar 31, 2013 | 28.80% |
| Dec 31, 2012 | 28.24% |
| Sep 30, 2012 | 24.95% |
| Jun 30, 2012 | 25.26% |
| Mar 31, 2012 | 25.55% |
| Dec 31, 2011 | 23.21% |
| Sep 30, 2011 | 22.40% |
| Jun 30, 2011 | 20.50% |
| Mar 31, 2011 | 22.22% |
| Dec 31, 2010 | 21.39% |
| Sep 30, 2010 | 20.97% |
| Jun 30, 2010 | 23.47% |
| Mar 31, 2010 | 24.39% |
| Dec 31, 2009 | 22.98% |
| Sep 30, 2009 | 22.89% |
| Jun 30, 2009 | 25.95% |