Mid-America Apartment Communities, Inc. (MAA)
NYSE: MAA · Real-Time Price · USD
120.16
-1.53 (-1.26%)
Nov 6, 2026, 12:03 PM EST - Market open
MAA Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 387.68 | 446.91 | 527.54 | 552.81 | 637.44 | 533.79 |
Depreciation & Amortization | 651.58 | 622.97 | 586.4 | 565.86 | 544 | 534.42 |
Other Amortization | 7.09 | 6.56 | 6.04 | 5.91 | 6.06 | 5.65 |
Gain (Loss) on Sale of Assets | -55.64 | -72.07 | -55 | 0.01 | -215.57 | -221.24 |
Gain (Loss) on Sale of Investments | -22.14 | -7.46 | -7.81 | -4.45 | 45.36 | -51.71 |
Stock-Based Compensation | 17.85 | 16.84 | 15.79 | 15.7 | 18.8 | 16.67 |
Change in Other Net Operating Assets | 5.42 | 55.87 | 3.79 | 4.86 | -16.06 | 55.93 |
Other Operating Activities | 9.47 | 8.55 | 21.55 | -3.5 | 38.45 | 21.47 |
Operating Cash Flow | 1,001 | 1,078 | 1,098 | 1,137 | 1,058 | 894.97 |
Operating Cash Flow Growth | -5.15% | -1.83% | -3.42% | 7.44% | 18.27% | 8.62% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Acquisition of Real Estate Assets | -745.02 | -765.72 | -937.33 | -762.83 | -739.73 | -557.31 |
Sale of Real Estate Assets | 80.11 | 81.35 | 84.21 | 2.95 | 320.49 | 293.07 |
Net Sale / Acq. of Real Estate Assets | -664.92 | -684.36 | -853.12 | -759.88 | -419.24 | -264.23 |
Investment in Marketable & Equity Securities | -3.39 | -9.51 | 7.43 | -16.32 | -13.31 | -4.17 |
Other Investing Activities | 2.42 | 3.66 | 20.2 | 0.95 | 27.31 | 14.82 |
Investing Cash Flow | -665.89 | -690.22 | -825.5 | -775.26 | -405.24 | -253.59 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 426 | - | 475 | 20 | - |
Long-Term Debt Issued | - | 397.42 | 1,092 | - | - | 594.42 |
Total Debt Issued | 1,345 | 823.42 | 1,092 | 475 | 20 | 594.42 |
Short-Term Debt Repaid | - | - | -245 | - | - | -172 |
Long-Term Debt Repaid | - | -400 | -400 | -353.86 | -126.4 | -467.15 |
Total Debt Repaid | -700 | -400 | -645 | -353.86 | -126.4 | -639.15 |
Net Debt Issued (Repaid) | 644.89 | 423.42 | 446.65 | 121.14 | -106.4 | -44.73 |
Issuance of Common Stock | 45 | 1.45 | 1.23 | 205.07 | 1.08 | 0.65 |
Repurchase of Common Stock | -200.03 | -27.24 | - | - | - | - |
Common Dividends Paid | -711.82 | -709.02 | -686.9 | -651.72 | -539.61 | -470.4 |
Preferred Dividends Paid | -3.69 | -3.69 | -3.69 | -3.69 | -3.69 | -3.69 |
Total Dividends Paid | -715.5 | -712.71 | -690.59 | -655.41 | -543.29 | -474.09 |
Other Financing Activities | -70.29 | -55.66 | -28.41 | -38.71 | -74.16 | -28.22 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 39.49 | 17.21 | 1.67 | -5.98 | -69.53 | 94.98 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Levered Free Cash Flow | 928.55 | 926.45 | 964.17 | 945.53 | 973.2 | 745.46 |
Unlevered Free Cash Flow | 1,051 | 1,036 | 1,063 | 1,033 | 1,064 | 837.86 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 215.6 | 190.26 | 164.88 | 157.57 | 157.5 | 158.63 |
Cash Income Tax Paid | 3.39 | 0.3 | 3.34 | 4 | 3.49 | 2.54 |
Change in Working Capital | 5.42 | 55.87 | 3.79 | 4.86 | -16.06 | 55.93 |