Filing Flows › Mid America Apartment Communities (MAA) › How it makes money
How Mid America Apartment Communities (MAA) makes money
Mid America Apartment Communities (MAA) made $554M of revenue in the first quarter 2026 (Q1 2026), +0.8% from a year earlier. Same Store brought in $517M (93%); Non Same Store and Other brought in $36.7M (7%). Of every dollar of revenue, 24¢ was left as operating profit, 22¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q1 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Same Store | $517M | 93.4% | -0.3% | -0.4% |
| Non Same Store and Other | $36.7M | 6.6% | -0.8% | +21% |
Where each dollar of revenue goes
| Line | Q1 2026 | % of revenue |
|---|---|---|
| Revenue | $554M | 100.0% |
| Operating profit | $132M | 23.8% |
| Income tax | $5.5M | 1.0% |
| Net earnings | $124M | 22.5% |
| Operating cash flow | $150M | 27.0% |
| Free cash flow | $91.3M | 16.5% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 2026 | $554M | +0.8% |
| Q4 2025 | $556M | +1% |
| Q3 2025 | $554M | +0.6% |
| Q2 2025 | $550M | +0.6% |
| Q1 2025 | $549M | +1% |
| Q4 2024 | $550M | +1% |
From Mid America Apartment Communities' 10-Q filed Apr 30, 2026 (on EDGAR).
Questions
How does Mid America Apartment Communities make money?
Mid America Apartment Communities (MAA) made $554M of revenue in the first quarter 2026 (Q1 2026), +0.8% from a year earlier. Same Store brought in $517M (93%); Non Same Store and Other brought in $36.7M (7%). Of every dollar of revenue, 24¢ was left as operating profit, 22¢ was left as net earnings.
What is Mid America Apartment Communities' biggest business?
Same Store: $517M in the first quarter 2026, 93% of revenue, -0.4% from a year earlier.
What is Mid America Apartment Communities' profit margin?
Net earnings were $124M, 22.5% of revenue, in the first quarter 2026; the operating margin was 23.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.