Exhibit 99.2

     PORTFOLIO STATISTICS

    

TOTAL MULTIFAMILY PORTFOLIO AT DECEMBER 31, 2025 (1)

In apartment units


	Same Store		Stabilized Non-Same Store		Lease-up		Total Completed Communities		Development Units Delivered		Total
Atlanta, GA		11,434		340		—		11,774		—		11,774
Dallas, TX		9,755		362		386		10,503		—		10,503
Austin, TX		6,795		384		—		7,179		—		7,179
Charlotte, NC		5,995		352		—		6,347		316		6,663
Orlando, FL		5,907		310		—		6,217		—		6,217
Raleigh/Durham, NC		5,350		306		406		6,062		—		6,062
Tampa, FL		5,416		—		—		5,416		344		5,760
Houston, TX		4,859		316		—		5,175		—		5,175
Nashville, TN		4,375		—		—		4,375		—		4,375
Fort Worth, TX		3,687		—		—		3,687		—		3,687
Phoenix, AZ		2,968		323		317		3,608		—		3,608
Jacksonville, FL		3,496		—		—		3,496		—		3,496
Charleston, SC		3,168		—		—		3,168		—		3,168
Greenville, SC		2,354		—		—		2,354		—		2,354
Northern Virginia		1,888		—		—		1,888		—		1,888
Savannah, GA		1,837		—		—		1,837		—		1,837
Memphis, TN		1,193		618		—		1,811		—		1,811
Richmond, VA		1,732		—		—		1,732		—		1,732
San Antonio, TX		1,504		—		—		1,504		—		1,504
Denver, CO		1,118		352		—		1,470		—		1,470
Birmingham, AL		1,462		—		—		1,462		—		1,462
Fredericksburg, VA		1,435		—		—		1,435		—		1,435
Kansas City, MO-KS		1,110		318		—		1,428		—		1,428
Huntsville, AL		1,228		—		—		1,228		—		1,228
Other		6,502		496		—		6,998		—		6,998
Total Multifamily Units		96,568		4,477		1,109		102,154		660		102,814

(1)

Schedule excludes MAA's 35% ownership in a 269-unit joint venture property in Washington, D.C.

Supplemental Data S-1

     PORTFOLIO STATISTICS (CONTINUED)

    

TOTAL MULTIFAMILY COMMUNITY STATISTICS (1)

Dollars in thousands, except Average Effective Rent per Unit


	As of December 31, 2025								Average Effective		As of December 31, 2025
	Gross Real Assets		Percent to Total of Gross Real Assets			Physical Occupancy			Rent per Unit for the Three Months Ended December 31, 2025		Completed Units		Total Units, Including Development
Atlanta, GA	$	2,239,150		13.1	%		95.7	%	$	1,791		11,774
Dallas, TX		1,651,472		9.7	%		95.5	%		1,657		10,117
Charlotte, NC		1,282,600		7.5	%		95.8	%		1,644		6,347
Orlando, FL		1,140,603		6.7	%		96.2	%		1,976		6,217
Tampa, FL		1,046,946		6.1	%		96.3	%		2,091		5,416
Austin, TX		988,158		5.8	%		95.2	%		1,481		7,179
Raleigh/Durham, NC		834,254		4.9	%		95.6	%		1,521		5,656
Houston, TX		743,352		4.3	%		96.1	%		1,444		5,175
Phoenix, AZ		606,559		3.5	%		95.9	%		1,697		3,291
Northern Virginia		587,845		3.4	%		95.8	%		2,575		1,888
Nashville, TN		579,949		3.4	%		95.5	%		1,660		4,375
Charleston, SC		452,827		2.6	%		96.3	%		1,843		3,168
Denver, CO		426,341		2.5	%		95.7	%		1,970		1,470
Fort Worth, TX		413,684		2.4	%		95.8	%		1,580		3,687
Jacksonville, FL		334,323		2.0	%		95.1	%		1,469		3,496
Kansas City, MO-KS		296,528		1.7	%		96.1	%		1,707		1,428
Richmond, VA		269,652		1.6	%		96.3	%		1,717		1,732
Fredericksburg, VA		263,244		1.5	%		95.5	%		1,962		1,435
Greenville, SC		252,642		1.5	%		96.3	%		1,368		2,354
Savannah, GA		234,588		1.4	%		95.6	%		1,697		1,837
Birmingham, AL		178,039		1.0	%		95.4	%		1,440		1,462
San Antonio, TX		175,069		1.0	%		95.1	%		1,323		1,504
All Other Markets by State (individual markets <1% gross real assets)
Tennessee		216,879		1.3	%		95.7	%		1,314		2,754
Florida		201,354		1.2	%		96.3	%		1,854		1,806
Alabama		191,602		1.1	%		93.2	%		1,351		1,648
Virginia		175,433		1.0	%		95.7	%		1,852		1,039
Kentucky		109,686		0.6	%		95.8	%		1,318		1,308
Utah		94,565		0.6	%		89.8	%		1,615		400
Maryland		86,290		0.5	%		96.7	%		2,375		361
Nevada		77,138		0.5	%		96.5	%		1,600		721
Stabilized Communities	$	16,150,772		94.4	%		95.7	%	$	1,684		101,045
Charlotte, NC		212,448		1.2	%		10.2	%		1,949		316		541
Tampa, FL		192,360		1.1	%		53.5	%		2,934		344		495
Phoenix, AZ		182,272		1.1	%		85.5	%		1,709		317		942
Raleigh/Durham, NC		142,841		0.8	%		35.5	%		1,781		406		406
Dallas, TX		106,922		0.6	%		81.1	%		1,713		386		386
Richmond, VA		53,087		0.3	%		—			—		—		306
Denver, CO		51,656		0.3	%		—			—		—		219
Charleston, SC		24,257		0.2	%		—			—		—		336
Lease-up / Development Communities	$	965,843		5.6	%		48.9	%	$	2,007		1,769		3,631
Total Multifamily Communities	$	17,116,615		100.0	%		94.7	%	$	1,690		102,814		104,676

(1)

Schedule excludes MAA's 35% ownership in a 269-unit joint venture property in Washington, D.C. As of December 31, 2025, the gross investment in real estate for this community was $83.4 million and includes a mortgage note payable of $52.0 million. For the year ended December 31, 2025, this apartment community achieved NOI of $8.7 million.

Supplemental Data S-2

     COMPONENTS OF NET OPERATING INCOME

    

Dollars in thousands


	Three Months Ended								As of December 31, 2025
	December 31, 2025		December 31, 2024			Percent Change			Apartment Units		Gross Real Assets
Operating Revenues
Same Store Communities	$	518,521	$	518,796			-0.1	%		96,568	$	15,187,534
Non-Same Store Communities		22,901		22,582						4,477		963,238
Lease-up/Development Communities		6,278		1,998						1,769		965,843
Total Multifamily Portfolio	$	547,700	$	543,376						102,814	$	17,116,615
Commercial Property/Land		7,856		6,456						—		399,839
Total Operating Revenues	$	555,556	$	549,832						102,814	$	17,516,454

Property Operating Expenses
Same Store Communities	$	188,692	$	187,470			0.7	%
Non-Same Store Communities		9,644		10,438
Lease-up/Development Communities		4,326		1,729
Storm Costs		—		2,621
Total Multifamily Portfolio	$	202,662	$	202,258
Commercial Property/Land		3,074		2,675
Total Property Operating Expenses	$	205,736	$	204,933

Net Operating Income
Same Store Communities	$	329,829	$	331,326			-0.5	%
Non-Same Store Communities		13,257		12,144
Lease-up/Development Communities		1,952		269
Storm Costs		—		(2,621	)
Total Multifamily Portfolio	$	345,038	$	341,118
Commercial Property/Land		4,782		3,781
Total Net Operating Income	$	349,820	$	344,899			1.4	%

     COMPONENTS OF SAME STORE PORTFOLIO PROPERTY OPERATING EXPENSES

    

Dollars in thousands


	Three Months Ended							Year Ended
	December 31, 2025		December 31, 2024		Percent Change			December 31, 2025		December 31, 2024		Percent Change
Property Taxes	$	68,381	$	68,127		0.4	%	$	266,588	$	268,746		(0.8	)%
Personnel		41,575		40,334		3.1	%		171,123		163,923		4.4	%
Utilities		34,796		33,861		2.8	%		139,489		134,181		4.0	%
Building Repair and Maintenance		22,653		22,547		0.5	%		99,574		97,045		2.6	%
Office Operations		8,015		8,921		(10.2	)%		35,594		34,560		3.0	%
Insurance		7,752		8,294		(6.5	)%		32,471		32,858		(1.2	)%
Marketing		5,520		5,386		2.5	%		28,059		26,528		5.8	%
Total Property Operating Expenses	$	188,692	$	187,470		0.7	%	$	772,898	$	757,841		2.0	%

Supplemental Data S-3

     MULTIFAMILY SAME STORE PORTFOLIO NOI CONTRIBUTION PERCENTAGE

    


						Average Physical Occupancy
			Percent of			Three Months Ended						Year Ended
	Apartment Units		Same Store NOI			December 31, 2025			December 31, 2024			December 31, 2025			December 31, 2024
Atlanta, GA		11,434		12.0	%		95.5	%		95.3	%		95.3	%		94.6	%
Dallas, TX		9,755		9.3	%		95.5	%		95.2	%		95.3	%		95.3	%
Orlando, FL		5,907		7.5	%		95.9	%		95.6	%		95.8	%		95.8	%
Tampa, FL		5,416		7.1	%		95.8	%		96.3	%		96.0	%		96.0	%
Charlotte, NC		5,995		6.5	%		96.1	%		95.9	%		95.8	%		95.6	%
Raleigh/Durham, NC		5,350		5.3	%		95.6	%		95.7	%		95.6	%		95.8	%
Austin, TX		6,795		5.2	%		95.4	%		95.2	%		95.1	%		95.0	%
Nashville, TN		4,375		4.8	%		95.8	%		95.8	%		95.6	%		95.9	%
Charleston, SC		3,168		3.9	%		96.2	%		95.7	%		96.0	%		96.1	%
Houston, TX		4,859		3.8	%		96.0	%		95.5	%		95.8	%		95.5	%
Phoenix, AZ		2,968		3.5	%		96.1	%		95.7	%		95.8	%		95.3	%
Fort Worth, TX		3,687		3.4	%		95.6	%		95.4	%		95.5	%		95.3	%
Northern Virginia		1,888		3.3	%		96.1	%		96.2	%		96.2	%		96.6	%
Jacksonville, FL		3,496		2.9	%		95.2	%		95.7	%		95.6	%		95.7	%
Greenville, SC		2,354		2.1	%		96.2	%		95.9	%		95.9	%		95.8	%
Richmond, VA		1,732		2.0	%		96.1	%		96.1	%		96.3	%		96.4	%
Savannah, GA		1,837		2.0	%		95.2	%		95.9	%		95.2	%		95.8	%
Fredericksburg, VA		1,435		1.9	%		96.0	%		96.1	%		96.5	%		96.6	%
Denver, CO		1,118		1.4	%		95.8	%		94.3	%		95.4	%		95.3	%
Birmingham, AL		1,462		1.3	%		95.3	%		95.5	%		95.8	%		95.6	%
San Antonio, TX		1,504		1.1	%		95.3	%		95.7	%		95.2	%		95.6	%
Kansas City, MO-KS		1,110		1.1	%		96.2	%		95.5	%		95.6	%		95.8	%
Memphis, TN		1,193		1.1	%		95.8	%		94.9	%		94.9	%		95.8	%
Huntsville, AL		1,228		0.9	%		92.2	%		95.7	%		93.4	%		95.2	%
Other		6,502		6.6	%		95.8	%		95.3	%		95.8	%		95.7	%
Total Same Store		96,568		100.0	%		95.7	%		95.6	%		95.6	%		95.5	%

Supplemental Data S-4

     MULTIFAMILY SAME STORE PORTFOLIO QUARTER OVER QUARTER COMPARISONS

    

Dollars in thousands, except Average Effective Rent per Unit


			Revenues							Expenses							NOI							Average Effective Rent per Unit
	Units		Q4 2025		Q4 2024		% Chg			Q4 2025		Q4 2024		% Chg			Q4 2025		Q4 2024		% Chg			Q4 2025		Q4 2024		% Chg
Atlanta, GA		11,434	$	64,566	$	64,825		(0.4	)%	$	25,023	$	26,912		(7.0	)%	$	39,543	$	37,913		4.3	%	$	1,788	$	1,798		(0.5	)%
Dallas, TX		9,755		51,244		51,148		0.2	%		20,757		20,914		(0.8	)%		30,487		30,234		0.8	%		1,665		1,662		0.2	%
Orlando, FL		5,907		36,975		36,912		0.2	%		12,203		12,575		(3.0	)%		24,772		24,337		1.8	%		1,980		1,990		(0.5	)%
Tampa, FL		5,416		35,892		35,800		0.3	%		12,625		11,885		6.2	%		23,267		23,915		(2.7	)%		2,091		2,086		0.2	%
Charlotte, NC		5,995		31,169		31,299		(0.4	)%		9,771		9,316		4.9	%		21,398		21,983		(2.7	)%		1,639		1,648		(0.6	)%
Raleigh/Durham, NC		5,350		26,145		26,409		(1.0	)%		8,584		7,750		10.8	%		17,561		18,659		(5.9	)%		1,515		1,533		(1.2	)%
Austin, TX		6,795		33,031		34,291		(3.7	)%		15,784		14,657		7.7	%		17,247		19,634		(12.2	)%		1,497		1,569		(4.6	)%
Nashville, TN		4,375		23,125		23,420		(1.3	)%		7,446		7,229		3.0	%		15,679		16,191		(3.2	)%		1,660		1,680		(1.2	)%
Charleston, SC		3,168		18,485		18,047		2.4	%		5,754		5,571		3.3	%		12,731		12,476		2.0	%		1,843		1,817		1.4	%
Houston, TX		4,859		22,797		22,450		1.5	%		10,255		10,453		(1.9	)%		12,542		11,997		4.5	%		1,454		1,445		0.6	%
Phoenix, AZ		2,968		16,066		16,124		(0.4	)%		4,387		4,422		(0.8	)%		11,679		11,702		(0.2	)%		1,691		1,721		(1.7	)%
Fort Worth, TX		3,687		19,310		19,189		0.6	%		8,173		8,023		1.9	%		11,137		11,166		(0.3	)%		1,580		1,580		0.0	%
Northern Virginia		1,888		15,131		14,770		2.4	%		4,410		4,505		(2.1	)%		10,721		10,265		4.4	%		2,575		2,501		3.0	%
Jacksonville, FL		3,496		15,671		15,922		(1.6	)%		6,025		5,859		2.8	%		9,646		10,063		(4.1	)%		1,469		1,493		(1.7	)%
Greenville, SC		2,354		10,673		10,370		2.9	%		3,631		3,703		(1.9	)%		7,042		6,667		5.6	%		1,368		1,335		2.5	%
Richmond, VA		1,732		9,407		9,025		4.2	%		2,813		2,776		1.3	%		6,594		6,249		5.5	%		1,717		1,672		2.7	%
Savannah, GA		1,837		10,051		10,221		(1.7	)%		3,577		3,525		1.5	%		6,474		6,696		(3.3	)%		1,697		1,708		(0.7	)%
Fredericksburg, VA		1,435		8,924		8,643		3.3	%		2,564		2,513		2.0	%		6,360		6,130		3.8	%		1,962		1,891		3.8	%
Denver, CO		1,118		6,709		6,912		(2.9	)%		1,994		2,176		(8.4	)%		4,715		4,736		(0.4	)%		1,918		1,968		(2.6	)%
Birmingham, AL		1,462		6,935		6,836		1.4	%		2,689		2,650		1.5	%		4,246		4,186		1.4	%		1,440		1,406		2.4	%
San Antonio, TX		1,504		6,307		6,543		(3.6	)%		2,538		2,826		(10.2	)%		3,769		3,717		1.4	%		1,323		1,363		(2.9	)%
Kansas City, MO-KS		1,110		5,936		5,764		3.0	%		2,186		2,025		8.0	%		3,750		3,739		0.3	%		1,679		1,644		2.1	%
Memphis, TN		1,193		5,353		5,523		(3.1	)%		1,883		1,944		(3.1	)%		3,470		3,579		(3.0	)%		1,416		1,448		(2.2	)%
Huntsville, AL		1,228		5,065		5,339		(5.1	)%

MID AMERICA APARTMENT COMMUNITIES INC. 8-K