MAA · Mid America Apartment Communities Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $553.73M | - | $554.37M | $549.90M | $549.29M | - | $551.13M | $546.43M | $543.62M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $16.72M | - | $12.53M | $12.81M | $15.62M | - | $12.73M | $12.67M | $17.05M | - |
| Total Operating Expenses | $205.57M | - | $211.56M | $214.65M | $197.80M | - | - | - | - | - |
| D&A | $162.04M | - | $156.65M | $153.52M | $152.52M | - | $146.72M | $145.02M | $143.26M | - |
| Operating Income | $131.87M | - | $103.42M | $110.94M | $186.98M | - | $118.45M | $105.21M | $148.92M | - |
| Interest Expense | $51.41M | - | $46.28M | $45.11M | $45.16M | - | $42.73M | $41.27M | $40.36M | - |
| Income Tax | $5.52M | - | $1.77M | $600.0K | $1.04M | - | $670.0K | $1.02M | $1.79M | - |
| Net Income | $124.36M | - | $99.54M | $108.13M | $181.67M | - | $115.19M | $101.95M | $143.75M | - |
| EPS - Basic | $1.06 | - | $0.84 | $0.92 | $1.55 | - | $0.98 | $0.86 | $1.22 | - |
| EPS - Diluted | $1.06 | - | $0.84 | $0.92 | $1.54 | - | $0.98 | $0.86 | $1.22 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $71.53M | $60.26M | $32.25M | $54.48M | $55.78M | $43.02M | $50.23M | $62.83M | $54.60M | $41.31M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $11.99B | $11.98B | $11.93B | $11.84B | $11.81B | $11.81B | $11.76B | $11.56B | $11.47B | $11.48B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $6.29B | $6.14B | $5.91B | $5.75B | $5.65B | $5.66B | $5.60B | $5.36B | $5.19B | $5.19B |
| Stockholders' Equity | $5.54B | $5.66B | $5.82B | $5.89B | $5.95B | $5.94B | $5.95B | $6.00B | $6.07B | $6.09B |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $149.64M | - | - | - | $196.62M | - | - | - | $200.26M | - |
| Investing Cash Flow | ($122.56M) | - | - | - | ($61.41M) | - | - | - | ($93.01M) | - |
| Financing Cash Flow | ($16.20M) | - | - | - | ($122.52M) | - | - | - | ($94.26M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | 23.8% | - | 18.7% | 20.2% | 34.0% | - | 21.5% | 19.3% | 27.4% | - |
| EBITDA margin | 53.1% | - | 46.9% | 48.1% | 61.8% | - | 48.1% | 45.8% | 53.7% | - |
| Net margin | 22.5% | - | 18.0% | 19.7% | 33.1% | - | 20.9% | 18.7% | 26.4% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 3.0% | - | 2.3% | 2.3% | 2.8% | - | 2.3% | 2.3% | 3.1% | - |
| Effective tax rate | 4.3% | - | 1.7% | 0.6% | 0.6% | - | 0.6% | 1.0% | 1.2% | - |
| Return on assets | 1.0% | - | 0.8% | 0.9% | 1.5% | - | 1.0% | 0.9% | 1.3% | - |
| Return on equity | 2.2% | - | 1.7% | 1.8% | 3.1% | - | 1.9% | 1.7% | 2.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 2.6x | - | 2.2x | 2.5x | 4.1x | - | 2.8x | 2.5x | 3.7x | - |
| Equity multiplier | 2.16 | 2.11 | 2.05 | 2.01 | 1.99 | 1.99 | 1.98 | 1.93 | 1.89 | 1.88 |
| Liabilities / Assets | 0.52 | 0.51 | 0.50 | 0.49 | 0.48 | 0.48 | 0.48 | 0.46 | 0.45 | 0.45 |
| Efficiency | ||||||||||
| Asset turnover | 0.05 | - | 0.05 | 0.05 | 0.05 | - | 0.05 | 0.05 | 0.05 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 115.2x | - | 166.3x | 160.9x | 108.8x | - | 162.1x | 165.8x | 107.9x | - |
| P / B | 2.6x | - | 2.8x | 2.9x | 3.3x | - | 3.1x | 2.8x | 2.5x | - |
| P / S | 25.7x | - | 29.5x | 31.5x | 35.7x | - | 33.7x | 30.5x | 28.3x | - |
| EV / EBITDA | 48.3x | - | 62.8x | 65.4x | 57.6x | - | 69.8x | 66.3x | 52.4x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 0.8% | - | 0.6% | 0.6% | 1.0% | - | 1.7% | 2.1% | 2.8% | - |
| Revenue CAGR (3y) | 1.5% | - | 2.1% | 3.6% | 4.9% | - | 6.8% | 7.7% | 8.6% | - |
| Revenue CAGR (5y) | 5.4% | - | 5.5% | 5.9% | 5.6% | - | 5.8% | 7.0% | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -29.5% | - | -12.7% | 5.4% | 25.6% | - | 4.7% | -30.8% | 6.3% | - |
| Net income growth (YoY) | -31.5% | - | -13.6% | 6.1% | 26.4% | - | 4.0% | -30.0% | 5.8% | - |
| EPS growth (YoY) | -31.2% | - | -14.3% | 7.0% | 26.2% | - | 4.3% | -30.6% | 5.2% | - |
| EPS CAGR (3y) | -3.0% | - | -7.2% | -20.3% | 17.5% | - | 10.3% | -22.9% | 45.0% | - |
| EPS CAGR (5y) | 21.5% | - | 10.1% | 7.2% | 37.8% | - | 16.3% | 10.6% | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -6.9% | -4.7% | -2.2% | -1.9% | -2.0% | -2.5% | -2.7% | -2.6% | -1.8% | 1.5% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing MID AMERICA APARTMENT COMMUNITIES INC. against the 5 most active filers in the same SIC group.
Dividends
$6.09/share trailing 12 months · +2.0% YoY
| Ex-date | Per share |
|---|---|
| Apr 15, 2026 | $1.5300 |
| Jan 15, 2026 | $1.5300 |
| Oct 15, 2025 | $1.5150 |
| Jul 15, 2025 | $1.5150 |
| Apr 15, 2025 | $1.5150 |
| Jan 15, 2025 | $1.5150 |
| Oct 15, 2024 | $1.4700 |
| Jul 15, 2024 | $1.4700 |
| Apr 12, 2024 | $1.4700 |
| Jan 11, 2024 | $1.4700 |
| Oct 12, 2023 | $1.4000 |
| Jul 13, 2023 | $1.4000 |
| Apr 13, 2023 | $1.4000 |
| Jan 12, 2023 | $1.4000 |
| Oct 13, 2022 | $1.2500 |
| Jul 14, 2022 | $1.2500 |
| Apr 13, 2022 | $1.0880 |
| Jan 13, 2022 | $1.0880 |
| Oct 14, 2021 | $1.0250 |
| Jul 14, 2021 | $1.0250 |
| Apr 14, 2021 | $1.0250 |
| Jan 14, 2021 | $1.0250 |
| Oct 14, 2020 | $1.0000 |
| Jul 14, 2020 | $1.0000 |