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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $2.21B | $2.19B | $2.15B | $2.02B | $1.78B | $1.68B |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $54.81M | $56.52M | $58.58M | $58.83M | $52.88M | $46.86M |
| Total Operating Expenses | $837.81M | $820.09M | - | - | - | - |
| D&A | $622.97M | $586.40M | $565.86M | $544.00M | $534.41M | $511.68M |
| Operating Income | $459.09M | $544.87M | $570.85M | $646.99M | $563.13M | $265.84M |
| Interest Expense | $185.26M | $168.54M | $149.23M | $154.75M | $156.88M | $167.56M |
| Income Tax | $4.59M | $5.24M | $4.74M | ($6.21M) | $13.64M | $3.33M |
| Net Income | $446.91M | $527.54M | $552.81M | $637.44M | $533.79M | $254.96M |
| EPS - Basic | $3.79 | $4.49 | $4.71 | $5.49 | $4.62 | $2.20 |
| EPS - Diluted | $3.78 | $4.49 | $4.71 | $5.48 | $4.61 | $2.19 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $60.26M | $43.02M | $41.31M | $38.66M | $54.30M | $25.20M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $11.98B | $11.81B | $11.48B | $11.24B | $11.29B | $11.19B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $6.14B | $5.66B | $5.19B | $5.03B | $5.10B | $5.09B |
| Stockholders' Equity | $5.66B | $5.94B | $6.09B | $6.01B | $5.97B | $5.87B |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.08B | $1.10B | $1.14B | $1.06B | $894.97M | $823.95M |
| Investing Cash Flow | ($690.22M) | ($825.50M) | ($775.26M) | ($405.24M) | ($253.59M) | ($484.73M) |
| Financing Cash Flow | ($370.74M) | ($271.12M) | ($367.90M) | ($722.77M) | ($546.40M) | ($374.14M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 20.8% | 24.9% | 26.6% | 32.0% | 31.7% | 15.8% |
| EBITDA margin | 49.0% | 51.6% | 52.9% | 59.0% | 61.7% | 46.3% |
| Net margin | 20.2% | 24.1% | 25.7% | 31.6% | 30.0% | 15.2% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 2.5% | 2.6% | 2.7% | 2.9% | 3.0% | 2.8% |
| Effective tax rate | 1.0% | 1.0% | 0.9% | -1.0% | 2.5% | 1.3% |
| Return on assets | 3.7% | 4.5% | 4.8% | 5.7% | 4.7% | 2.3% |
| Return on equity | 7.9% | 8.9% | 9.1% | 10.6% | 8.9% | 4.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 2.5x | 3.2x | 3.8x | 4.2x | 3.6x | 1.6x |
| Equity multiplier | 2.11 | 1.99 | 1.88 | 1.87 | 1.89 | 1.91 |
| Liabilities / Assets | 0.51 | 0.48 | 0.45 | 0.45 | 0.45 | 0.45 |
| Efficiency | ||||||
| Asset turnover | 0.18 | 0.19 | 0.19 | 0.18 | 0.16 | 0.15 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 36.7x | 34.4x | 28.5x | 28.6x | 49.8x | 57.8x |
| P / B | 2.9x | 3.0x | 2.6x | 3.0x | 4.4x | 2.5x |
| P / S | 7.4x | 8.2x | 7.3x | 9.0x | 14.8x | 8.6x |
| EV / EBITDA | 15.0x | 15.9x | 13.8x | 15.2x | 24.0x | 18.6x |
| Growth | ||||||
| Revenue growth (YoY) | 0.8% | 2.0% | 6.4% | 13.6% | 6.0% | 9.7% |
| Revenue CAGR (3y) | 3.0% | 7.2% | 8.6% | 9.7% | - | - |
| Revenue CAGR (5y) | 5.7% | 7.5% | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -15.7% | -4.6% | -11.8% | 14.9% | 111.8% | 14.7% |
| Net income growth (YoY) | -15.3% | -4.6% | -13.3% | 19.4% | 109.4% | -22.4% |
| EPS growth (YoY) | -15.8% | -4.7% | -14.1% | 18.9% | 110.5% | -28.7% |
| EPS CAGR (3y) | -11.6% | -0.9% | 29.1% | 21.3% | - | - |
| EPS CAGR (5y) | 11.5% | 7.9% | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -4.7% | -2.5% | 1.5% | 0.7% | 1.6% | -3.2% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
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 |