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% |
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.