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.
Revenue
$555.6M
Gross Profit
N/A
Operating Profit
$57.7M
Net Profit
$57.6M
Gross Margin
N/A
Operating Margin
10.4%
Net Margin
10.4%
YoY Growth
1.0%
EPS
$0.48
Mid-America Apartment Communities Q4 FY2025 Financial Summary
Mid-America Apartment Communities reported revenue of $555.6M (up 1.0% YoY) for Q4 FY2025, with a net profit of $57.6M (down 65.5% YoY) (10.4% margin).
Key Financial Metrics
| Total Revenue | $555.6M |
|---|---|
| Net Profit | $57.6M |
| Gross Margin | N/A |
| Operating Margin | 10.4% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Mid-America Apartment Communities Q4 FY2025 revenue of $555.6M breaks down across 2 segments, led by Same Store at $515.5M (92.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Same Store | $515.5M | 92.8% |
| Non Same Store And Other | $36.8M | 6.6% |
Mid-America Apartment Communities Revenue by Segment — Quarterly Trend
Mid-America Apartment Communities revenue by segment across the last 4 reported quarters, showing how each business line (such as Same Store and Non Same Store And Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Same Store | — | $515.5M | $517.3M | $514.8M |
| Non Same Store And Other | — | $36.8M | $33.2M | $30.2M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.2B |
| 2024 | $2.2B |
| 2023 | $2.1B |
| 2022 | $2.0B |
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 |