Mid-America Apartment Communities, Inc. (MAA)

MAA Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Property, Plant & Equipment	11,620	11,533	11,441	11,111	10,924	10,879
Total Real Estate Assets	11,693	11,606	11,514	11,184	10,989	10,903
Cash & Equivalents	25.69	60.26	43.02	41.31	38.66	54.3
Investment In Debt and Equity Securities	2.2	3.9	3.3	18.6	8	-
Other Intangible Assets	-	0.3	1	1.6	-	-
Restricted Cash	59.73	13.72	13.74	13.78	22.41	76.3
Other Current Assets	-	60.7	20.96	31.9	13.4	34.5
Other Long-Term Assets	261.78	230.5	216.08	192.88	170.18	217.01
Total Assets	12,043	11,975	11,812	11,485	11,241	11,285

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Current Portion of Long-Term Debt	-	299.52	-	-	-	-
Current Portion of Leases	0.78	3.1	-	-	-	-
Long-Term Debt	5,089	4,430	4,731	4,045	4,415	4,517
Long-Term Leases	22.11	21.18	26.09	27.34	28.67	30.25
Accrued Expenses	731.65	274.97	213.73	207.13	188.31	197.75
Current Unearned Revenue	-	66.14	64.63	65.18	65.13	59.94
Other Current Liabilities	4.4	364.98	379.3	345.51	333.73	296.46
Other Long-Term Liabilities	16.25	20.4	22.23	19.17	20.67	30.19
Total Liabilities	6,614	6,156	5,687	5,205	5,051	5,131

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Preferred Stock, Redeemable	-	0.01	0.01	0.01	0.01	0.01
Common Stock	1.16	1.17	1.17	1.17	1.15	1.15
Additional Paid-In Capital	7,225	7,402	7,417	7,400	7,203	7,231
Distributions in Excess of Earnings	-1,938	-1,735	-1,470	-1,298	-1,189	-1,256
Comprehensive Income & Other	-4.18	-5.3	-6.94	-8.76	-10.05	-11.13
Total Common Equity	5,284	5,663	5,942	6,094	6,005	5,965
Minority Interest	143.88	156.39	183.3	185.88	184.66	188.73
Shareholders' Equity	5,428	5,819	6,125	6,280	6,190	6,154
Total Liabilities & Equity	12,043	11,975	11,812	11,485	11,241	11,285

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	5,862	5,430	5,007	4,568	4,444	4,547
Net Cash (Debt)	-5,836	-5,369	-4,964	-4,526	-4,405	-4,493
Net Cash (Debt) Growth	-	-	-	-	-	-
Net Cash Per Share	-50.10	-45.83	-42.51	-38.80	-38.11	-39.05
Filing Date Shares Outstanding	115.99	116.9	116.9	116.72	116.6	115.34
Total Common Shares Outstanding	115.99	116.88	116.88	116.69	115.48	115.34
Book Value Per Share	45.56	48.45	50.84	52.22	52.00	51.72
Tangible Book Value	5,284	5,663	5,941	6,092	6,005	5,965
Tangible Book Value Per Share	45.56	48.45	50.83	52.21	52.00	51.72
Land	2,187	2,129	2,097	2,031	2,008	1,978
Buildings	15,389	14,853	14,161	13,516	12,842	12,454
Construction In Progress	418.23	426.76	470.28	385.41	332.04	247.97

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 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.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

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