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Mid-America Apartment Communities MAA Same Store — Building Repair And Maintenance Expenses

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$10.27M+4.0%

Other financials

Income statement

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Revenue$553.7M+0.8%
Net income$124.4M-31.5%
EPS (diluted)$1.06-31.2%

Balance sheet

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Cash & equivalents$71.5M+28.2%
Total debt$23.8M-7.2%
Total equity$5.5B-6.9%
Total assets$12.0B+1.5%

Cash flow

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Operating cash flow$149.6M-23.9%
CapEx$58.4M-19.6%
Free cash flow$91.3M-26.4%

Valuation

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Market cap$15.61B-5.2%
Enterprise value$15.56B-5.3%
P/E40.1×+11.3×
P/S7.1×-0.4×

Profitability

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Net margin17.6%-8.1pp
FCF margin31%-3.3pp

Returns & leverage

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Return on equity6.8%-2.6pp
Debt / equity0.0×

Where this comes from

Reported directly by Mid-America Apartment Communities in its filing.

Tagged under the XBRL concept maa:BuildingRepairAndMaintenanceExpenses.

The source filing: Mid-America Apartment Communities’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-197331
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Real estate taxes$64,935$63,188
Personnel41,85841,561
Utilities34,98533,853
Building repair and maintenance24,19623,871
Office operations7,6758,185
Insurance7,7548,442
Marketing6,8816,811
Total Same Store expenses188,284185,911

Item 1. Financial Statements.

FAQ

What is Mid-America Apartment Communities's same store — building repair and maintenance expenses?
Mid-America Apartment Communities (MAA) reported same store — building repair and maintenance expenses of $24.2M in Q1 2026.
How has Mid-America Apartment Communities's same store — building repair and maintenance expenses changed year-over-year?
Mid-America Apartment Communities's same store — building repair and maintenance expenses increased by 1.4% year-over-year, from $23.87M to $24.2M.
What is the long-term trend for Mid-America Apartment Communities's same store — building repair and maintenance expenses?
Over 3 years (2022 to 2025), Mid-America Apartment Communities's same store — building repair and maintenance expenses has grown at a 5.8% compound annual growth rate (CAGR), from $85.35M to $101M.
What does same store — building repair and maintenance expenses mean?
This metric tracks the costs associated with routine repairs, preventative maintenance, and upkeep of the physical structures within the stabilized portfolio. It excludes major capital expenditures but covers the day-to-day costs to keep units and common areas in good condition. High spending here is often necessary to maintain asset quality and resident satisfaction.

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