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Mid-America Apartment Communities MAA Same Store — Operating Expenses

Other segment segments

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$17.29M+12.0%

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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:OperatingExpenses.

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
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
Net Operating Income:

Item 1. Financial Statements.

FAQ

What is Mid-America Apartment Communities's same store — operating expenses?
Mid-America Apartment Communities (MAA) reported same store — operating expenses of $188.28M in Q1 2026.
How has Mid-America Apartment Communities's same store — operating expenses changed year-over-year?
Mid-America Apartment Communities's same store — operating expenses increased by 1.3% year-over-year, from $185.91M to $188.28M.
What is the long-term trend for Mid-America Apartment Communities's same store — operating expenses?
Over 3 years (2022 to 2025), Mid-America Apartment Communities's same store — operating expenses has grown at a 4.7% compound annual growth rate (CAGR), from $674.11M to $772.78M.
What does same store — operating expenses mean?
This metric represents the total costs incurred to operate and maintain the stabilized portfolio of properties within the same-store segment. It includes essential expenditures such as real estate taxes, personnel costs, utilities, repairs, and maintenance required to keep the assets functional and competitive. Monitoring these costs is critical for evaluating the operational efficiency and cost-control discipline of the property management team.

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