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Friday 6 November 2026 Export MAA’s income statement to Excel — free account

Mid-America Apartment Communities, Inc.

MAA Real Estate Reit Residential

Mid-America Apartment Communities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 0.83% from fiscal 2024.

Revenue
+1.04%
EPS
−11.9%
Free cash flow
+81.7%
Total debt
+12.4%

Quarter to September 2026, against a year earlier

121.17 0.98 −0.80%
Market cap
$14.5B
P/E
36.5×
Fwd P/E
32.1×
Dividend yield
5.05%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
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Mid-America Apartment Communities, Inc. (MAA) Gross margin

Alert me on Gross margin

Mid-America Apartment Communities, Inc.'s gross margin over the twelve months to 30 September 2026 was 58.2%, down 0.5 percentage points from fiscal 2025 (58.7%). Over the past ten years it has ranged from 58.6% (fiscal 2015) to 61.1% (fiscal 2023); the current reading is higher than 18% of that period. That is in line with the Reit Residential industry median of 58.7% and below the Real Estate sector median of 62.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 58.7% (0.59)
FY2024 59.3% (1.81)
FY2023 61.1% 0.16
FY2022 60.9% 1.81
FY2021 59.1% 0.41
FY2020 58.7% (0.59)
FY2019 59.3% 0.17
FY2018 59.1% (0.30)
FY2017 59.4% 0.08
FY2016 59.4% 0.74

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 57.1% (0.30)
Jun 2026 57.4% (1.45)
Mar 2026 58.8% (0.82)
Dec 2025 59.6% 1.89
43 more quarters

Against its own ten years

Low 58.6% High 61.1%
Ten-year median 59.3%
Current reading's percentile 5

Gross margin against peers

Company Gross margin
ESS Essex Property Trust, Inc. compare 67.8%
CPT Camden Property Trust compare 64.0%
UDR United Dominion Realty Trust, Inc. compare 62.5%
SUI Sun Communities, Inc. compare 58.5%
MAA Mid-America Apartment Communities, Inc. 58.2%
INVH Invitation Home compare 55.7%
ELS Equity Lifestyle Properties, Inc. compare 53.7%
JAN Janus Living, Inc. compare 27.6%
AMH American Homes 4 Rent compare 0.00%
Reit Residential industry median 58.7%
Real Estate sector median 62.8%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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