Mid America Apartment Communities Inc. (MAA) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Mid America Apartment Communities reported revenue of $2.21B, up 0.8% from $2.19B the year before. Net income was $446.9M (a 20.2% net margin), or $3.78 per diluted share. Operating activities generated $1.08B of cash. At fiscal year end, Mid America Apartment Communities held $11.98B in total assets against $6.14B in total liabilities, including $60.3M of cash and equivalents.
Open the full interactive Mid America Apartment Communities financials → Quarterly statements, key ratios, valuation history and price charts.
Mid America Apartment Communities Key Stats
| Share Price | $116.45 |
|---|---|
| Market Cap | $13.52B |
| P/E Ratio | 30.8 |
| Revenue YoY Growth | +0.8% |
| 52-Week Range | $114.21 – $140.56 |
| Shares Outstanding | 116.1 million (basic, 2026 Q2) |
Mid America Apartment Communities Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.68B | $1.78B | $2.02B | $2.15B | $2.19B | $2.21B |
| Pre-Tax Income | $265.8M | $563.1M | $647.0M | $570.8M | $544.9M | $459.1M |
| Income Tax | $3.3M | $13.6M | -$6.2M | $4.7M | $5.2M | $4.6M |
| Net Income | $255.0M | $533.8M | $637.4M | $552.8M | $527.5M | $446.9M |
| Diluted EPS | $2.19 | $4.61 | $5.48 | $4.71 | $4.49 | $3.78 |
Mid America Apartment Communities Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $554.4M | $555.6M | $553.7M | $555.1M |
| Net Income | $99.5M | $57.6M | $124.4M | $121.8M |
| Diluted EPS | $0.84 | $0.49 | $1.06 | $1.04 |
Mid America Apartment Communities Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $25.2M | $54.3M | $38.7M | $41.3M | $43.0M | $60.3M |
| Total Assets | $11.19B | $11.29B | $11.24B | $11.48B | $11.81B | $11.98B |
| Total Long-Term Debt | $4.56B | $4.52B | $4.41B | $4.54B | $4.98B | $5.41B |
| Total Liabilities | $5.09B | $5.10B | $5.03B | $5.19B | $5.66B | $6.14B |
| Shareholders' Equity | $5.87B | $5.97B | $6.01B | $6.09B | $5.94B | $5.66B |
Mid America Apartment Communities Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $823.9M | $895.0M | $1.06B | $1.14B | $1.10B | $1.08B |
| Cash From Investing | -$484.7M | -$253.6M | -$405.2M | -$775.3M | -$825.5M | -$690.2M |
| Cash From Financing | -$374.1M | -$546.4M | -$722.8M | -$367.9M | -$271.1M | -$370.7M |
Figures from Mid America Apartment Communities' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mid America Apartment Communities financials page for every line item.
Mid America Apartment Communities Company Profile
| Ticker | MAA |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Germantown, Tennessee |
| Incorporated in | Tennessee |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000912595 |
Frequently Asked Questions
What was Mid America Apartment Communities' revenue in fiscal 2025?
Mid America Apartment Communities (MAA) reported revenue of $2.21B for fiscal 2025.
What is Mid America Apartment Communities' annual revenue history?
Mid America Apartment Communities' annual revenue by fiscal year: 2020: $1.68B; 2021: $1.78B; 2022: $2.02B; 2023: $2.15B; 2024: $2.19B; 2025: $2.21B.
What was Mid America Apartment Communities' net income in fiscal 2025?
Mid America Apartment Communities reported net income of $446.9M for fiscal 2025.
What was Mid America Apartment Communities' earnings per share (EPS) in fiscal 2025?
Mid America Apartment Communities' diluted EPS was $3.78 for fiscal 2025 (adjusted for any later stock splits).
What was Mid America Apartment Communities' revenue last quarter?
In its most recent reported quarter (2026 Q2), Mid America Apartment Communities reported revenue of $555.1M.
How much debt does Mid America Apartment Communities have?
Mid America Apartment Communities reported $5.41B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mid America Apartment Communities are outstanding?
Mid America Apartment Communities reported a weighted average of 116.1 million basic shares outstanding in 2026 Q2.
What is Mid America Apartment Communities' market cap?
Based on its latest closing price, Mid America Apartment Communities (MAA) has a market capitalization of about $13.52B.
When does Mid America Apartment Communities' fiscal year end?
Mid America Apartment Communities' fiscal year end, as registered with the SEC, is December 31.
Where is Mid America Apartment Communities headquartered?
Mid America Apartment Communities lists its business address in Germantown, Tennessee in its SEC filings.