Skip to main content
logo
Mid-America Apartment Communities, Inc. (MAA)
NYSE: MAA · Real-Time Price · USD
135.64
+2.18 (1.63%)
At close: Jul 28, 2026, 4:00 PM EDT
135.64
0.00 (0.00%)
After-hours: Jul 28, 2026, 4:20 PM EDT

MAA Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
396.77456.57541.58567.83654.78550.7
Depreciation & Amortization
632.49622.97586.4565.86544534.42
Stock-Based Compensation
19.3118.7516.8415.79616.67
Other Adjustments
-31.45-64.94-86.021.6-140.37-262.74
Changes in Accrued Expenses
-46.6238.5929.31--
Changes in Other Operating Activities
9.99.25-34.8-24.45-10.0655.93
Operating Cash Flow
1,0311,0781,0981,1371,058894.97
Operating Cash Flow Growth
-5.80%-1.83%-3.42%7.44%18.27%8.62%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-789.47-765.72-937.33-762.83-739.73-557.31
Sale of Property, Plant & Equipment
41.0381.3584.212.95320.49293.07
Purchases of Investments
-6.93-9.85-2.87-16.64-13.85-4.67
Proceeds from Sale of Investments
--9.98---
Other Investing Activities
-3.9920.521.2627.8515.32
Investing Cash Flow
-751.37-690.22-825.5-775.26-405.24-253.59

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
417.3426-24547520-172
Net Short-Term Debt Issued (Repaid)
417.3426-24547520-172
Long-Term Debt Issued
-397.421,092--594.42
Long-Term Debt Repaid
--400-400-353.86-126.4-467.15
Net Long-Term Debt Issued (Repaid)
--2.58691.65-353.86-126.4127.27
Issuance of Common Stock
1.461.451.23205.071.080.65
Repurchase of Common Stock
--27.24----
Net Common Stock Issued (Repurchased)
1.46-25.781.23205.071.080.65
Common Dividends Paid
-710.77-709.02-686.9-651.72-539.61-470.4
Preferred Share Dividends Paid
-3.69-3.69-3.69-3.69-3.69-3.69
Other Financing Activities
-15.98-55.66-28.41-38.71-74.16-28.22
Financing Cash Flow
-264.42-370.74-271.12-367.91-722.77-546.4

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
15.4117.211.67-5.98-69.5394.98

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
241.74312.46160.96374.36318.75337.66
Free Cash Flow Growth
108.22%94.12%-57.00%17.45%-5.60%-0.70%
FCF Margin
10.92%14.14%7.35%17.42%15.78%18.99%
Free Cash Flow Per Share
2.052.671.383.212.762.94
Levered Free Cash Flow
659.82783.45627.05481.83325.26522.1
Unlevered Free Cash Flow
446.43526.36303.29491.06429.13486.65
SEC Filings: 10-K · 10-Q