Mid-America Apartment Communities, Inc. (MAA)

MAA Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	2,219	2,209	2,191	2,148	2,020	1,778
Revenue Growth	0.85%	0.83%	1.98%	6.37%	13.60%	5.96%
Net Income Net Income Growth	399.29	442.98	523.78	548.89	633.31	529.56
Earnings Per Share EPS Growth	3.42	3.78	4.49	4.71	5.48	4.61
EPS Growth	-29.52%	-15.65%	-4.72%	-14.14%	18.99%	109.98%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Same Store Total Same Store Growth	2,074	2,077	2,080	2,075	1,907	1,695
Total Non-Same Store & Other Total Non-Same Store & Other Growth	144.98	131.96	110.99	73.37	112.86	82.85
Revenue (Total) Revenue (Total) Growth	2,219	2,209	2,191	2,148	2,020	1,778

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	51.84	60.26	43.02	41.31	38.66	54.3
Total Debt Total Debt Growth	5,715	5,430	5,007	4,568	4,444	4,547
Net Cash (Debt) Net Cash Growth	-5,663	-5,369	-4,964	-4,526	-4,405	-4,493
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-48.49	-45.83	-42.51	-38.80	-38.11	-39.05

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	1,011	1,078	1,098	1,137	1,058	894.97
Free Cash Flow Free Cash Flow Growth	1,011	1,078	1,098	1,137	1,058	894.97
Free Cash Flow Growth	-8.02%	-1.83%	-3.42%	7.44%	18.27%	8.62%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	26.88%	28.04%	29.98%	32.06%	31.14%	26.14%
Pretax Margin	18.91%	20.88%	24.96%	26.65%	32.11%	31.74%
Profit Margin	18.00%	20.05%	23.91%	25.55%	31.35%	29.78%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	6.120	6.060	5.880	5.600	4.680	4.100
Dividend Per Share Growth	1.50%	3.06%	5.00%	19.66%	14.15%	2.50%
Dividend Yield	5.14%	4.52%	4.11%	4.69%	3.48%	2.15%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 23, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	34.83	36.71	34.49	28.58	28.63	49.89
PS Ratio	6.39	7.36	8.25	7.30	8.98	14.86

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Sep 21, 2026

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