How does Mid-America Apartment Communities (MAA) make money?

Mid-America Apartment Communities (MAA) generates revenue primarily from Same Store, which accounted for 93.8% of total revenue in TTM through Q2 2026. The company reported $1.11B in revenue and converted 37.8% of it into net profit, equivalent to roughly $420M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Mid-America Apartment Communities (MAA)?

Mid-America Apartment Communities (MAA) reported a gross profit margin of 18.4% in TTM through Q2 2026, equivalent to $204M in gross profit on $1.11B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Mid-America Apartment Communities (MAA)?

Mid-America Apartment Communities (MAA) reported an operating profit margin of 26.2% in TTM through Q2 2026, equivalent to $291M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Mid-America Apartment Communities (MAA)?

Mid-America Apartment Communities (MAA) reported a net profit margin of 37.8% in TTM through Q2 2026, equivalent to $420M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Mid-America Apartment Communities (MAA) profitable?

Yes. Mid-America Apartment Communities (MAA) reported $420M in net income for TTM through Q2 2026, with a net profit margin of 37.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Mid-America Apartment Communities (MAA) spend on capital expenditures?

Mid-America Apartment Communities (MAA) spent $421M on capital expenditures (CapEx) during TTM through Q2 2026, roughly 38.0% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Mid-America Apartment Communities (MAA) generate?

Mid-America Apartment Communities (MAA) generated $610M in free cash flow during TTM through Q2 2026, a free-cash-flow margin of 55.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What are the main business segments of Mid-America Apartment Communities (MAA)?

Mid-America Apartment Communities (MAA) reports revenue across 2 reportable product segments, led by Same Store at 93.8% of total revenue in TTM through Q2 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How Mid-America Apartment Communities Makes Money: 2026 Visual Revenue Map

Mid-America Apartment Communities (MAA) Income Statement Flow — TTM through Q2 2026

Calculated from the four most recent reported quarters, ending June 30, 2026 (reported July 29, 2026).

Mid-America Apartment Communities discloses geographic revenue only in annual filings. to view the full breakdown.

Mid-America Apartment Communities (MAA) Revenue by Product Segment — TTM through Q2 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Mid-America Apartment Communities (MAA), TTM through Q2 2026.
Segment	Revenue (USD)	% of total
Same Store	$1.04B	93.8%
Non Same Store And Other	$69.1M	6.2%
Total	$1.11B	100%

Same Store$1.04B
Non Same Store And Other$69.1M
Total$1.11B

Revenue Breakdown — TTM through Q2 2026

In TTM through Q2 2026, Mid-America Apartment Communities (MAA) reports revenue across 2 reportable product segments; the largest segment was Same Store at 93.8%, followed by Non Same Store And Other (6.2%).

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Mid-America Apartment Communities (MAA) Key Financials

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Operating Margin26.2%

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Employees2.5K

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