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Mid-America Apartment Communities MAA Same Store — Real Estate Tax 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:RealEstateTaxExpense.

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
Total rental and other property revenues$553,725$549,295
Expenses:
Same Store
Real estate taxes$64,935$63,188
Personnel41,85841,561
Utilities34,98533,853
Building repair and maintenance24,19623,871
Office operations7,6758,185

Item 1. Financial Statements.

FAQ

What is Mid-America Apartment Communities's same store — real estate tax expense?
Mid-America Apartment Communities (MAA) reported same store — real estate tax expense of $64.94M in Q1 2026.
How has Mid-America Apartment Communities's same store — real estate tax expense changed year-over-year?
Mid-America Apartment Communities's same store — real estate tax expense increased by 2.8% year-over-year, from $63.19M to $64.94M.
What is the long-term trend for Mid-America Apartment Communities's same store — real estate tax expense?
Over 3 years (2022 to 2025), Mid-America Apartment Communities's same store — real estate tax expense has grown at a 2.9% compound annual growth rate (CAGR), from $244.48M to $266.44M.
What does same store — real estate tax expense mean?
This represents the property-level real estate taxes incurred by the stabilized portfolio. These taxes are typically assessed by local jurisdictions and are a significant component of operating expenses for real estate owners. Changes in this metric reflect shifts in local tax assessments or changes in property valuations.

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