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Mid-America Apartment Communities MAA Same Store — Marketing Expense

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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 us-gaap:MarketingExpense.

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
Building repair and maintenance24,19623,871
Office operations7,6758,185
Insurance7,7548,442
Marketing6,8816,811
Total Same Store expenses188,284185,911
Non-Same Store and Other
Total Non-Same Store and Other expenses17,28815,442
Total property operating expenses, excluding depreciation and amortization$205,572$201,353

Item 1. Financial Statements.

FAQ

What is Mid-America Apartment Communities's same store — marketing expense?
Mid-America Apartment Communities (MAA) reported same store — marketing expense of $6.88M in Q1 2026.
How has Mid-America Apartment Communities's same store — marketing expense changed year-over-year?
Mid-America Apartment Communities's same store — marketing expense increased by 1.0% year-over-year, from $6.81M to $6.88M.
What is the long-term trend for Mid-America Apartment Communities's same store — marketing expense?
Over 3 years (2022 to 2025), Mid-America Apartment Communities's same store — marketing expense has grown at a 8.5% compound annual growth rate (CAGR), from $22.03M to $28.12M.
What does same store — marketing expense mean?
This metric tracks the costs incurred to attract and retain residents at the stabilized properties, including advertising, digital marketing, and leasing incentives. It is a discretionary expense used to drive occupancy and support rent growth. Investors monitor this to assess the cost of customer acquisition in competitive rental markets.

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