MAA Mid-America Apartment Communities margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 47

Gross margin

33%

Operating margin

26.9%

EBITDA margin

56.5%

Net margin

18.2%

Recent Mid-America Apartment Communities shows a gross margin of 33%, an operating margin of 26.9%, an EBITDA margin of 56.5%, and a net margin of 18.2%. All reported margins declined year over year, led by net margin with a decline of 7.8 percentage points.

MAA margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Mid-America Apartment Communities's margins averaged 35.64% gross, 29.73% operating, 58.93% EBITDA, and 23.65% net. All four current margins are below their three-year averages.

MAA margin expansion

Year-over-year margin changes in percentage points

Net margin led the decline, falling by 7.8 percentage points, while the other available margins also decreased.

Gross margin expansion

-1.7pp

Operating margin expansion

-2pp

EBITDA margin expansion

-5.2pp

Net margin expansion

-7.8pp

MAA Gross margin

Over the last 3 years, the average gross margin for Mid-America Apartment Communities was 35.64%. The latest gross margin for Mid-America Apartment Communities is 33%, 2.6 percentage points below its three-year average. Mid-America Apartment Communities's gross margin ranged from a low of 33% in Jun 2026 to a high of 38.2% in Sep 2023.

MAA Operating margin

Across the last 3 years, Mid-America Apartment Communities's operating margin averaged 29.73%. The current operating margin of 26.9% is 2.8 percentage points below its three-year average. Operating margin was highest at 32.3% in Sep 2023 and lowest at 26.9% in Jun 2026.

MAA EBITDA margin

In the last 3 years, Mid-America Apartment Communities had an average EBITDA margin of 58.93%. Against its three-year average, Mid-America Apartment Communities's EBITDA margin is currently 56.5%, 2.4 percentage points below its three-year average. Looking back over the last 3 years, Mid-America Apartment Communities's EBITDA margin reached 61.7% at its highest point in Jun 2025 and 55.2% at its lowest in Mar 2026.

MAA Net margin

Mid-America Apartment Communities recorded an average net margin of 23.65% across the last 3 years. Mid-America Apartment Communities currently reports a net margin of 18.2%, 5.5 percentage points below its three-year average. Net margin was highest at 27.5% in Sep 2023 and lowest at 17.6% in Mar 2026.

MAA margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 33%, MAA is below the Real Estate sector and the industry average. Compared to its Real Estate sector average of 63.1%, Mid-America Apartment Communities's gross margin is 48% lower.

MAA margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Mid-America Apartment Communities's gross margin?

The current gross margin for MAA is 33% as of Jun 30, 2026.

What is Mid-America Apartment Communities's operating margin?

For the period ending Jun 30, 2026, MAA recorded an operating margin of 26.9%.

What is Mid-America Apartment Communities's EBITDA margin?

As of Jun 30, 2026, MAA has an EBITDA margin of 56.5%.

What is Mid-America Apartment Communities's net margin?

As of Jun 30, 2026, MAA has a net margin of 18.2%.

What are the average margins of MAA?

Mid-America Apartment Communities's average margins over the last 3 years were 35.6% gross, 29.7% operating, 58.9% EBITDA, and 23.7% net.

What are the highest historical margins of MAA?

Mid-America Apartment Communities's highest recorded margins during the past 5 years were 38.4% gross in Jun 2023, 32.5% operating in Jun 2023, 71.2% EBITDA in Mar 2022, and 32.7% net in Mar 2022.

What are the lowest historical margins of MAA?

Mid-America Apartment Communities's lowest recorded margins during the past 5 years were 31.4% gross in Sep 2021, 25.5% operating in Sep 2021, 55.2% EBITDA in Mar 2026, and 17.6% net in Mar 2026.