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Mid-America Apartment Communities MAA Same Store — Utilities Operating 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:UtilitiesOperatingExpense.

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
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
Insurance7,7548,442
Marketing6,8816,811

Item 1. Financial Statements.

FAQ

What is Mid-America Apartment Communities's same store — utilities operating expense?
Mid-America Apartment Communities (MAA) reported same store — utilities operating expense of $34.99M in Q1 2026.
How has Mid-America Apartment Communities's same store — utilities operating expense changed year-over-year?
Mid-America Apartment Communities's same store — utilities operating expense increased by 3.3% year-over-year, from $33.85M to $34.99M.
What is the long-term trend for Mid-America Apartment Communities's same store — utilities operating expense?
Over 3 years (2022 to 2025), Mid-America Apartment Communities's same store — utilities operating expense has grown at a 4.4% compound annual growth rate (CAGR), from $122.56M to $139.43M.
What does same store — utilities operating expense mean?
This represents the costs incurred for water, sewer, electricity, gas, and other utility services provided to the stabilized apartment communities. It reflects both consumption levels and the underlying utility rates in the markets where the properties are located. Effective management of these costs is crucial for maintaining property-level operating margins.

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