--- title: "Mid-America Apartment: Business Model" description: "Mid-America Apartment Communities revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Mid-America Apartment Communities: Business Model & Revenue Engine ## Direct Answer Mid-America Apartment Communities reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Same Store is the largest, with $2.1 billion of revenue (94% of the total), followed by Non Same Store and Other at $132 million (6%). ## How Does Mid-America Apartment Communities Make Money? Same Store supplies 94% of revenue, so Mid-America Apartment Communities's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Non Same Store and Other grew fastest (+18.9%) and Same Store slowest (-0.1%), so the revenue mix tilts toward Non Same Store and Other while that gap lasts. | Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Same Store | $2.1 billion | $2.1 billion | 94.0% | -0.1% | | Non Same Store and Other | $132 million | $111 million | 6.0% | 18.9% | ![Bar chart of Mid-America Apartment Communities revenue by segment for fiscal 2025: Same Store 94.0%, Non Same Store and Other 6.0%.](https://www.getswoopr.com/images/charts/mid-america-apartment-communities-business-model-segment-mix.webp) *Mid-America Apartment Communities revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## What the Segment Figures Do Not Show The rows above add up to 100% of Mid-America Apartment Communities's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value Mid-America Apartment Communities reported in the segment note and revenue disclosures of its Form 10-K filed February 6, 2026 (accession 0001193125-26-041208), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are Mid-America Apartment Communities's business segments? In its fiscal 2025 Form 10-K, Mid-America Apartment Communities reports revenue for Same Store and Non Same Store and Other. ### Which part of Mid-America Apartment Communities brings in the most revenue? Same Store, with $2.1 billion of revenue in fiscal 2025, or 94% of the total. ### Where does Mid-America Apartment Communities report its segment results? In the segment note to the financial statements in its Form 10-K, most recently filed February 6, 2026, alongside management's discussion of each segment's results. ## References - [SEC EDGAR: MID AMERICA APARTMENT COMMUNITIES INC. Form 10-K filed February 6, 2026](https://www.sec.gov/Archives/edgar/data/912595/000119312526041208/maa-20251231.htm) - [SEC EDGAR: MID AMERICA APARTMENT COMMUNITIES INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=912595&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [Mid-America Apartment Communities company dossier](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/) - [Mid-America Apartment Communities financial metrics](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/metrics/) - [Mid-America Apartment Communities financial risk indicators](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/risks/) - [Mid-America Apartment Communities peer comparison](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/competitors/) - [Mid-America Apartment Communities business model and revenue mix](https://www.getswoopr.com/stocks/companies/mid-america-apartment-communities/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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