Operating Income for Mid-America Apartment Communities (MAA)
According to Mid-America Apartment Communities's latest reported financial statements, the company's current operating income (TTM) is $619.44M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$619.44M
YoY change
-5.7%
5Y CAGR
+7.7%
Peak year (2023)
$688.90M
Cumulative operating income
$7.10B
Operating Income history chart for Mid-America Apartment Communities (MAA) from 1994 to 2025
Operating Income history table for Mid-America Apartment Communities (MAA) from 1994 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $619.44M | -5.7% | ||
| 2024 | $656.75M | -4.7% | ||
| 2023 | $688.90M | +9.5% | ||
| 2022 | $628.88M | +35.3% | ||
| 2021 | $464.87M | +8.7% | ||
| 2020 | $427.51M | -1.1% | ||
| 2019 | $432.47M | +8.0% | ||
| 2018 | $400.51M | +12.9% | ||
| 2017 | $354.78M | +30.4% | ||
| 2016 | $272.15M | -6.4% | ||
| 2015 | $290.91M | +26.4% | ||
| 2014 | $230.23M | +96.2% | ||
| 2013 | $117.33M | -5.3% | ||
| 2012 | $123.90M | +39.5% | ||
| 2011 | $88.80M | +4.1% | ||
| 2010 | $85.27M | -8.6% | ||
| 2009 | $93.33M | -2.7% | ||
| 2008 | $95.90M | +4.8% | ||
| 2007 | $91.55M | +4.8% | ||
| 2006 | $87.33M | +14.2% | ||
| 2005 | $76.46M | +14.5% | ||
| 2004 | $66.79M | +6.0% | ||
| 2003 | $63.03M | -6.0% | ||
| 2002 | $67.02M | -8.4% | ||
| 2001 | $73.18M | +2.0% | ||
| 2000 | $71.77M | -3.3% | ||
| 1999 | $74.20M | -1.5% | ||
| 1998 | $75.30M | +46.3% | ||
| 1997 | $51.48M | +236.8% | ||
| 1996 | $15.29M | -89.1% | ||
| 1995 | $140.30M | +88.1% | ||
| 1994 | $74.60M | — |
Operating Income values are taken from Mid-America Apartment Communities's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual operating income for Mid-America Apartment Communities (MAA) came in at $619.44M – declined 5.7% year-over-year.
Over 2020–2025 (5 years), Mid-America Apartment Communities operating income expanded at a +7.7% compound annual rate, with the latest reading among the more recent periods of the dataset.
Mid-America Apartment Communities operating income peaked at $688.90M in 2023; the latest annual figure is $619.44M in 2025 (10.1% below peak).
The highest annual operating income of $688.90M was reported in 2023. The lowest in the available history was $15.29M in 1996.
Mid-America Apartment Communities (MAA) sits 8th of 8 Real Estate peers we track on this metric, against a peer median of $2.05B.
Mid-America Apartment Communities Operating Income by Year
Mid-America Apartment Communities Operating Income 2025: $619.44M
Mid-America Apartment Communities operating income in 2025 was $619.44M, declined 5.7% below 2024.
Mid-America Apartment Communities Operating Income 2024: $656.75M
Mid-America Apartment Communities operating income in 2024 was $656.75M, edged down 4.7% below 2023.
Mid-America Apartment Communities Operating Income 2023: $688.90M
Mid-America Apartment Communities operating income in 2023 was $688.90M, grew 9.5% from 2022. This figure represents the highest annual value in the available history.
Mid-America Apartment Communities Operating Income 2022: $628.88M
Mid-America Apartment Communities operating income in 2022 was $628.88M, surged 35.3% from 2021.
Mid-America Apartment Communities Operating Income 2021: $464.87M
Mid-America Apartment Communities operating income in 2021 was $464.87M.
See more financial history for Mid-America Apartment Communities (MAA).
Sector peers — Operating Income
Companies in the same sector as Mid-America Apartment Communities, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| American Tower Corporation (AMT) | $4.88B | Real Estate |
| Prologis, Inc. (PLD) | $3.54B | Real Estate |
| Simon Property Group, Inc. (SPG) | $3.18B | Real Estate |
| Public Storage (PSA) | $2.25B | Real Estate |
| Equinix, Inc. (EQIX) | $1.85B | Real Estate |
| Realty Income Corporation (O) | $1.63B | Real Estate |
| Digital Realty Trust, Inc. (DLR) | $658.49M | Real Estate |
| Welltower Inc. (WELL) | $355.17M | Real Estate |
Frequently asked questions
What is Mid-America Apartment Communities's operating income?
- Latest reported operating income for Mid-America Apartment Communities (MAA) is $619.44M (period ending December 31, 2025).
How has Mid-America Apartment Communities operating income changed year-over-year?
- Mid-America Apartment Communities (MAA) operating income changed -5.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Mid-America Apartment Communities operating income?
- Mid-America Apartment Communities (MAA) operating income compound annual growth rate is +7.7% over the most recent 5 years available.
When did Mid-America Apartment Communities operating income hit its highest annual value?
- Mid-America Apartment Communities operating income reached its highest annual value of $688.90M in 2023.
What was Mid-America Apartment Communities operating income in 2024?
- Mid-America Apartment Communities (MAA) operating income in 2024 was $656.75M.
What was Mid-America Apartment Communities operating income in 2025?
- Mid-America Apartment Communities (MAA) operating income in 2025 was $619.44M.
Metrics overview
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