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 Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 |
Rental Revenue | 2,225 | 2,209 | 2,191 | 2,148 | 2,020 | 1,778 |
| 2,225 | 2,209 | 2,191 | 2,148 | 2,020 | 1,778 | |
Revenue Growth (YoY | 0.96% | 0.83% | 1.98% | 6.37% | 13.60% | 5.96% |
Property Expenses | 929.41 | 912.59 | 892.13 | 835.93 | 789.16 | 726.9 |
Selling, General & Administrative | 59.11 | 54.81 | 56.52 | 58.58 | 58.83 | 52.88 |
Depreciation & Amortization | 650.94 | 622.3 | 585.62 | 565.06 | 543 | 533.43 |
Total Operating Expenses | 1,639 | 1,590 | 1,534 | 1,460 | 1,391 | 1,313 |
Operating Income | 585.09 | 619.44 | 656.75 | 688.9 | 628.88 | 464.87 |
Interest Expense | -207.87 | -185.26 | -168.54 | -149.23 | -154.75 | -156.88 |
Income (Loss) on Equity Investments | 22.55 | 8.58 | 15.05 | 3.03 | -33.82 | 1.21 |
Other Non-Operating Income | 1.05 | 2.69 | -9.04 | 24.14 | 2.69 | -17.81 |
EBT Excluding Unusual Items | 400.81 | 445.45 | 494.22 | 566.83 | 443 | 291.39 |
Gain (Loss) on Sale of Investments | -0.14 | 0.96 | -2.29 | 5.75 | -10 | 51.71 |
Gain (Loss) on Sale of Assets | 55.64 | 72.07 | 55 | -0.01 | 215.57 | 221.24 |
Total Insurance Settlements | 0.9 | 4.6 | 9.33 | - | - | - |
Total Legal Settlements | -52.04 | -61.91 | -9.44 | - | - | - |
Pretax Income | 402.47 | 461.16 | 546.82 | 572.58 | 648.57 | 564.34 |
Income Tax Expense | 7.99 | 4.6 | 5.24 | 4.74 | -6.21 | 13.64 |
Earnings From Continuing Operations | 394.48 | 456.57 | 541.58 | 567.83 | 654.78 | 550.7 |
Minority Interest in Earnings | -6.8 | -9.66 | -14.03 | -15.03 | -17.34 | -16.91 |
Net Income | 387.68 | 446.91 | 527.54 | 552.81 | 637.44 | 533.79 |
Preferred Dividends & Other Adjustments | 3.94 | 3.93 | 3.76 | 3.91 | 4.13 | 4.23 |
Net Income to Common | 383.74 | 442.98 | 523.78 | 548.89 | 633.31 | 529.56 |
Net Income Growth | -30.50% | -15.43% | -4.58% | -13.33% | 19.59% | 111.03% |
Basic Shares Outstanding | 116 | 117 | 117 | 117 | 115 | 115 |
Diluted Shares Outstanding | 116 | 117 | 117 | 117 | 116 | 115 |
Shares Change | -0.50% | 0.32% | 0.11% | 0.92% | 0.47% | 0.47% |
EPS (Basic) | 3.30 | 3.79 | 4.49 | 4.71 | 5.49 | 4.62 |
EPS (Diluted) | 3.30 | 3.78 | 4.49 | 4.71 | 5.48 | 4.61 |
EPS Growth | -30.07% | -15.65% | -4.72% | -14.14% | 18.99% | 109.98% |
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 |
Dividend Per Share | 6.105 | 6.060 | 5.880 | 5.600 | 4.680 | 4.100 |
Dividend Growth | 1.50% | 3.06% | 5.00% | 19.66% | 14.15% | 2.50% |
Operating Margin | 26.30% | 28.04% | 29.98% | 32.06% | 31.14% | 26.14% |
Profit Margin | 17.25% | 20.05% | 23.91% | 25.55% | 31.35% | 29.78% |
EBITDA | 1,237 | 1,242 | 1,243 | 1,255 | 1,173 | 999.28 |
EBITDA Margin | 55.59% | 56.24% | 56.74% | 58.40% | 58.07% | 56.20% |
D&A For Ebitda | 651.58 | 622.97 | 586.4 | 565.86 | 544 | 534.42 |
EBIT | 585.09 | 619.44 | 656.75 | 688.9 | 628.88 | 464.87 |
EBIT Margin | 26.30% | 28.04% | 29.98% | 32.06% | 31.14% | 26.14% |
Funds From Operations (FFO) | 981.04 | 998.25 | 1,052 | 1,124 | 972.78 | 853.42 |
FFO Per Share | 8.22 | 8.32 | 8.77 | 9.39 | 8.20 | - |
Adjusted Funds From Operations (AFFO) | 888.15 | 913.01 | 952.76 | 986.44 | 910.04 | 853.42 |
AFFO Per Share | 7.48 | 7.61 | 7.94 | 8.24 | 7.67 | - |
FFO Payout Ratio | 72.56% | 71.03% | 65.28% | 57.99% | 55.47% | 55.12% |
Effective Tax Rate | 1.99% | 1.00% | 0.96% | 0.83% | - | 2.42% |