Mid-America Apartment CommunitiesMAAEarnings & Financial Report
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
MAA Q1 FY2026 Key Financial Metrics
Revenue
$553.7M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
N/A
Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
YoY Growth
438.7%
EPS
$4.34
Mid-America Apartment Communities Q1 FY2026 Financial Summary
Mid-America Apartment Communities reported revenue of $553.7M (up 438.7% YoY) for Q1 FY2026, with a net profit of N/A (N/A margin).
Key Financial Metrics
| Total Revenue | $553.7M |
|---|---|
| Net Profit | N/A |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Mid-America Apartment Communities Q1 FY2026 revenue of $553.7M breaks down across 4 segments, led by Same Store Communities at $517.0M (93.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Same Store Communities | $517.0M | 93.4% |
| Non-Same Store Communities | $22.1M | 4.0% |
| Lease-up/Development Communities | $7.7M | 1.4% |
| Commercial Property/Land | $7.0M | 1.3% |
Mid-America Apartment Communities Annual Revenue by Year
Mid-America Apartment Communities annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.2B).
Mid-America Apartment Communities Quarterly Revenue & Net Profit History
Mid-America Apartment Communities results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $553.7M | +438.7% | N/A | N/A |
| Q4 FY2025 | $555.6M | +1.0% | $57.6M | 10.4% |
| Q3 FY2025 | $554.4M | +0.6% | $99.5M | 18.0% |
| Q2 FY2025 | $549.9M | +0.6% | $108.1M | 19.7% |
| Q1 FY2025 | $549.3M | +1.0% | $181.7M | 33.1% |
| Q4 FY2024 | $549.8M | +1.4% | $166.6M | 30.3% |
| Q3 FY2024 | $551.1M | +1.7% | $115.2M | 20.9% |
| Q2 FY2024 | $546.4M | +2.1% | $102.0M | 18.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $546.4M | $551.1M | $549.8M | $549.3M | $549.9M | $554.4M | $555.6M | $553.7M |
| YoY Growth | 2.1% | 1.7% | 1.4% | 1.0% | 0.6% | 0.6% | 1.0% | 438.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $11.56B | $11.76B | $11.81B | $11.81B | $11.84B | $11.93B | $11.98B | N/A |
| Liabilities | $5.36B | $5.60B | $5.66B | $5.65B | $5.75B | $5.91B | $6.14B | N/A |
| Equity | $6.00B | $5.95B | $5.94B | $5.95B | $5.89B | $5.82B | $5.66B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $349.4M | $309.5M | $239.1M | $196.6M | $353.4M | $266.4M | $261.7M |