Mid-America Apartment Communities, Inc. (MAA) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MAA Revenue Growth
Revenue Breakdown (FY 2025)
MAA's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
MAA Revenue Analysis (2014–2025)
As of May 8, 2026, Mid-America Apartment Communities, Inc. (MAA) generated trailing twelve-month (TTM) revenue of $2.21 billion, reflecting modest growth of +0.8% year-over-year. The most recent quarter (Q1 2026) recorded $553.7 million in revenue, down 0.3% sequentially.
Looking at the longer-term picture, MAA's 5-year compound annual growth rate (CAGR) stands at +5.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.21 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows MAA's business is primarily driven by Same Store (94%), and Non Same Store And Other (6%). With over half of revenue concentrated in Same Store, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including EQR (+3.7% YoY), AVB (+4.3% YoY), and CPT (-23.7% YoY), MAA has underperformed the peer group in terms of revenue growth. Compare MAA vs EQR →
MAA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MAACurrent | $2.2B | +0.8% | +5.7% | 28.0% | |
 EQR | $3.1B | +3.7% | +3.8% | 36.3% | |
 AVB | $3.0B | +4.3% | +5.7% | 30.1% | |
 CPT | $1.6B | -23.7% | +8.6% | 18.4% | |
 UDR | $1.7B | +2.1% | +6.6% | 18.8% | |
 ESS | $1.9B | +3.8% | +4.9% | 43.9% |
MAA Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.21B | +0.8% | $703.1M | 31.8% | $619.4M | 28.0% |
| 2024 | $2.19B | +2.0% | $713.3M | 32.6% | $656.8M | 30.0% |
| 2023 | $2.15B | +6.4% | $747.5M | 34.8% | $688.9M | 32.1% |
| 2022 | $2.02B | +13.6% | $687.7M | 34.0% | $628.9M | 31.1% |
| 2021 | $1.78B | +6.0% | $517.8M | 29.1% | $464.9M | 26.1% |
| 2020 | $1.68B | +2.3% | $474.4M | 28.3% | $427.5M | 25.5% |
| 2019 | $1.64B | +4.4% | $476.3M | 29.0% | $432.5M | 26.4% |
| 2018 | $1.57B | +2.8% | $439.4M | 28.0% | $400.5M | 25.5% |
| 2017 | $1.53B | +35.9% | $415.0M | 27.1% | $354.8M | 23.2% |
| 2016 | $1.13B | +7.9% | $344.9M | 30.7% | $272.1M | 24.2% |
Full MAA Stock Analysis
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Start ComparisonMAA — Frequently Asked Questions
Quick answers to the most common questions about buying MAA stock.
Is MAA's revenue growth accelerating or slowing?
MAA revenue growth slowed to +0.8%, below the 5-year CAGR of +5.7%. TTM revenue is $2.2B. The deceleration marks a shift from historical growth rates.
What is MAA's long-term revenue growth rate?
Mid-America Apartment Communities, Inc.'s 5-year revenue CAGR of +5.7% reflects the variable expansion pattern. Current YoY growth of +0.8% is near this long-term average.
How is MAA's revenue distributed by segment?
MAA reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.