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Mid-America Apartment Communities MAA Same Store — Office Operations Expenses

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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 maa:OfficeOperationsExpenses.

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
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
Non-Same Store and Other

Item 1. Financial Statements.

FAQ

What is Mid-America Apartment Communities's same store — office operations expenses?
Mid-America Apartment Communities (MAA) reported same store — office operations expenses of $7.68M in Q1 2026.
How has Mid-America Apartment Communities's same store — office operations expenses changed year-over-year?
Mid-America Apartment Communities's same store — office operations expenses decreased by 6.2% year-over-year, from $8.19M to $7.68M.
What is the long-term trend for Mid-America Apartment Communities's same store — office operations expenses?
Over 3 years (2022 to 2025), Mid-America Apartment Communities's same store — office operations expenses has grown at a 7.8% compound annual growth rate (CAGR), from $27.34M to $34.21M.
What does same store — office operations expenses mean?
This captures the administrative costs associated with running the leasing and management offices at the stabilized properties. It includes office supplies, technology costs, communication services, and other general administrative overhead. It serves as a measure of the back-office efficiency of the property-level operations.

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