Filing Flows › Mid America Apartment Communities (MAA) › Q2 2025
Mid America Apartment Communities (MAA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Mid America Apartment Communities (MAA) reported revenue of $550M for the second quarter 2025 (Q2 2025), +0.6% from a year earlier and +0.1% from the quarter before. Operating margin was 20.3%, net earnings $108M (19.7% of revenue).
Mid America Apartment Communities, Q2 2025: revenue $550M (+0.6% year over year), operating margin 20.3%, net earnings $108M, operating cash flow $353M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $550M | +0.1% | +0.6% |
| Operating profit | $111M | -40% | +5% |
| Net earnings | $108M | -40% | +6% |
| Operating cash flow | $353M | +80% | +1% |
| Free cash flow | $265M | +113% | +2% |
What changed
Revenue was $549.9M in Q2 2025, up 1% year over year and roughly flat from the previous quarter. Same Store was the largest line at 94% of revenue. Non Same Store and Other added $4.9M year over year (up 19%), 142% of the total change.
Operating profit was $111.5M, a 20.3% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 167% reached operating profit, above the 19% margin then. Total costs fell 1% while revenue rose 1%. Net earnings were $108.1M, up 6% year over year. The effective tax rate was 0.5%.
Operating cash flow was $353.4M (up 1% year over year), 319% of net income including minority interests. Non-cash charges added back $153.7M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $85.4M. Capital expenditures of $88.9M left free cash flow of $264.5M.
Questions
What was Mid America Apartment Communities' revenue in the second quarter 2025?
Mid America Apartment Communities (MAA) reported revenue of $550M for the second quarter 2025 (Q2 2025), +0.6% from a year earlier and +0.1% from the quarter before.
Was Mid America Apartment Communities profitable in the second quarter 2025?
Operating profit was $111M (20.3% of revenue) and net earnings $108M.
Source: Mid America Apartment Communities 10-Q on SEC EDGAR.