TTM
$291M
YoY change
-5.7%
5Y CAGR
+7.7%
Peak year (FY2023)
$689M
Cumulative operating income
$7.08B
Operating Income history chart for Mid-America Apartment Communities (MAA) from 2016 to 2025
Latest: $619M
Operating Income growth chart for Mid-America Apartment Communities (MAA) from 2016 to 2025
Latest: -5.7%
Operating Income history table for Mid-America Apartment Communities (MAA) from 1994 to 2025
| FY2025 | $619M | -5.7% | -$37.3M | ||
| FY2024 | $657M | -4.7% | -$32.2M | ||
| FY2023 | $689M | +9.5% | +$60M | ||
| FY2022 | $629M | +35.3% | +$164M | ||
| FY2021 | $465M | +8.7% | +$37.4M | ||
| FY2020 | $428M | -1.1% | -$4.96M | ||
| FY2019 | $432M | +8.0% | +$32M | ||
| FY2018 | $401M | +12.9% | +$45.7M | ||
| FY2017 | $355M | +30.4% | +$82.6M | ||
| FY2016 | $272M | -6.4% | -$18.8M | ||
| FY2015 | $291M | +26.4% | +$60.7M | ||
| FY2014 | $230M | +96.2% | +$113M | ||
| FY2013 | $117M | -5.3% | -$6.58M | ||
| FY2012 | $124M | +39.5% | +$35.1M | ||
| FY2011 | $88.8M | +4.1% | +$3.53M | ||
| FY2010 | $85.3M | -8.6% | -$8.07M | ||
| FY2009 | $93.3M | -2.7% | -$2.57M | ||
| FY2008 | $95.9M | +4.8% | +$4.35M | ||
| FY2007 | $91.5M | +4.8% | +$4.22M | ||
| FY2006 | $87.3M | +14.2% | +$10.9M | ||
| FY2005 | $76.5M | +14.5% | +$9.68M | ||
| FY2004 | $66.8M | +6.0% | +$3.76M | ||
| FY2003 | $63M | -6.0% | -$3.99M | ||
| FY2002 | $67M | -8.4% | -$6.16M | ||
| FY2001 | $73.2M | +2.0% | +$1.41M | ||
| FY2000 | $71.8M | -3.3% | -$2.43M | ||
| FY1999 | $74.2M | -1.5% | -$1.1M | ||
| FY1998 | $75.3M | +46.3% | +$23.8M | ||
| FY1997 | $51.5M | +236.8% | +$36.2M | ||
| FY1996 | $15.3M | -89.1% | -$125M | ||
| FY1995 | $140M | +88.1% | +$65.7M | ||
| FY1994 | $74.6M | — | — |
- FY2025$619M-5.7%
- FY2024$657M-4.7%
- FY2023$689M+9.5%
- FY2022$629M+35.3%
- FY2021$465M+8.7%
- FY2020$428M-1.1%
- FY2019$432M+8.0%
- FY2018$401M+12.9%
- FY2017$355M+30.4%
- FY2016$272M-6.4%
- FY2015$291M+26.4%
- FY2014$230M+96.2%
- FY2013$117M-5.3%
- FY2012$124M+39.5%
- FY2011$88.8M+4.1%
- FY2010$85.3M-8.6%
- FY2009$93.3M-2.7%
- FY2008$95.9M+4.8%
- FY2007$91.5M+4.8%
- FY2006$87.3M+14.2%
- FY2005$76.5M+14.5%
- FY2004$66.8M+6.0%
- FY2003$63M-6.0%
- FY2002$67M-8.4%
- FY2001$73.2M+2.0%
- FY2000$71.8M-3.3%
- FY1999$74.2M-1.5%
- FY1998$75.3M+46.3%
- FY1997$51.5M+236.8%
- FY1996$15.3M-89.1%
- FY1995$140M+88.1%
- FY1994$74.6M—
Operating Income values are taken from Mid-America Apartment Communities's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Mid-America Apartment Communities (MAA)
According to Mid-America Apartment Communities's latest reported financial statements, the company's current operating income (TTM) is $291M. 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 .
2025's annual operating income for Mid-America Apartment Communities (MAA) came in at $619M – 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 mixed annual results across the window.
Mid-America Apartment Communities operating income peaked at $689M in 2023; the latest annual figure is $619M in 2025 (10.1% below peak).
The highest annual operating income of $689M was reported in 2023. The lowest in the available history was $15.3M in 1996.
Mid-America Apartment Communities Operating Income by Year
Mid-America Apartment Communities Operating Income 2025: $619M
Mid-America Apartment Communities operating income in 2025 was $619M, declined 5.7% below 2024.
Mid-America Apartment Communities Operating Income 2024: $657M
2024's operating income for Mid-America Apartment Communities came in at $657M, edged down 4.7% below 2023.
Mid-America Apartment Communities Operating Income 2023: $689M
Mid-America Apartment Communities posted operating income of $689M in 2023, grew 9.5% from 2022. This figure represents the highest annual value in the available history.
Mid-America Apartment Communities Operating Income 2022: $629M
In 2022, Mid-America Apartment Communities reported operating income of $629M, surged 35.3% from 2021.
Mid-America Apartment Communities Operating Income 2021: $465M
Mid-America Apartment Communities operating income in 2021 was $465M.
See more financial history for Mid-America Apartment Communities (MAA).
Sector peers by Operating Income
Real Estate peers of Mid-America Apartment Communities (MAA), ranked by their latest operating income
| $4.88B | |
| $3.54B | |
| $3.18B | |
| $2.25B | |
| $1.85B | |
| $1.63B | |
| $658M | |
| $355M |
- $4.88B
- $3.54B
- $2.25B
- $1.85B
- $1.63B
- $355M
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