Mid-America Apartment Communities, Inc. financials
Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T10:09:57Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 717.94M | 775.92M | 795.96M | 762.30M | 615.33M | 598.44M |
| Net Debt | 5.37B | 4.96B | 4.53B | 4.40B | 4.49B | 4.57B |
| Net Margin | 20.23% | 24.08% | 25.73% | 31.56% | 30.02% | 15.19% |
| Return on Equity (ROE) | 7.89% | 8.88% | 9.07% | 10.61% | 8.95% | 4.34% |
| Return on Assets (ROA) | 3.73% | 4.47% | 4.81% | 5.67% | 4.73% | 2.28% |
| Debt-to-Equity | 0.9588 | 0.8426 | 0.7495 | 0.74 | 0.7622 | 0.7825 |
| Effective Tax Rate | 1.00% | 0.96% | 0.83% | -0.96% | 2.42% | 1.25% |
| Cash Conversion Ratio | 2.4125 | 2.0819 | 2.0571 | 1.6605 | 1.6766 | 3.2317 |
| Accruals Ratio | -0.0527 | -0.0483 | -0.0509 | -0.0375 | -0.032 | -0.0508 |
| SBC % of Revenue | 0.76% | 0.72% | 0.73% | 0.93% | 0.94% | 0.85% |
| CapEx Coverage | 2.993 | 3.4069 | 3.3327 | 3.5738 | 3.2005 | 3.6538 |
| Free Cash Flow Per Share | $6.13 | $6.64 | $6.82 | $6.60 | $5.35 | $5.23 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 36.7487 | 34.4254 | 28.5478 | 28.6478 | 49.7701 | 57.8493 |
| P/FCF | 22.6666 | 23.2629 | 19.7046 | 23.8033 | 42.8948 | 24.2395 |
| FCF Yield | 4.41% | 4.30% | 5.08% | 4.20% | 2.33% | 4.13% |
| P/S | 7.3493 | 8.2458 | 7.3032 | 8.9755 | 14.8828 | 8.6354 |
| P/B | 2.867 | 3.0404 | 2.5747 | 3.019 | 4.4362 | 2.4678 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 2.21B | 2.19B | 2.15B | 2.02B | 1.78B | 1.68B |
| Operating Expenses | 837.81M | 820.09M | 768.14M | 723.69M | — | — |
| Income Tax Expense (Benefit) | 4.59M | 5.24M | 4.74M | -6.21M | 13.64M | 3.33M |
| Net Income (Loss) Attributable to Parent | 446.91M | 527.54M | 552.81M | 637.44M | 533.79M | 254.96M |
| Earnings Per Share, Basic | $3.79 | $4.49 | $4.71 | $5.49 | $4.62 | $2.20 |
| Weighted Average Number of Shares Outstanding, Basic | 116.95M | 116.78M | 116.52M | 115.34M | 114.72M | 114.19M |
| Earnings Per Share, Diluted | $3.78 | $4.49 | $4.71 | $5.48 | $4.61 | $2.19 |
| Weighted Average Number of Shares Outstanding, Diluted | 117.15M | 116.78M | 116.64M | 115.58M | 115.04M | 114.50M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 60.26M | 43.02M | 41.31M | 38.66M | 54.30M | 25.20M |
| Assets | 11.98B | 11.81B | 11.48B | 11.24B | 11.29B | 11.19B |
| Liabilities | 6.14B | 5.66B | 5.19B | 5.03B | 5.10B | 5.09B |
| Stockholders' Equity Attributable to Parent | 5.66B | 5.94B | 6.09B | 6.01B | 5.97B | 5.87B |
| Common Stock, Shares, Outstanding | 116.88M | 116.88M | 116.69M | 115.48M | 115.34M | 114.37M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.08B | 1.10B | 1.14B | 1.06B | 894.97M | 823.95M |
| Net Cash Provided by (Used in) Investing Activities | -690.22M | -825.50M | -775.26M | -405.24M | -253.59M | -484.73M |
| Payments for Repurchase of Common Stock | 27.23M | 0 | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -370.74M | -271.12M | -367.90M | -722.77M | -546.40M | -374.14M |
Derived Metrics
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 158.60M | 559.34M | 388.53M | 123.98M | 152.61M | 623.31M |
| Net Debt | 5.37B | 5.19B | 5.02B | 5.01B | 4.96B | 4.85B |
| Net Margin | 10.36% | 17.96% | 19.66% | 33.07% | 30.31% | 20.90% |
| Return on Equity (ROE) | 1.02% | 1.71% | 1.84% | 3.05% | 2.80% | 1.94% |
| Return on Assets (ROA) | 0.48% | 0.83% | 0.91% | 1.54% | 1.41% | 0.98% |
| Debt-to-Equity | 0.9588 | 0.8975 | 0.8612 | 0.8518 | 0.8426 | 0.8241 |
| Effective Tax Rate | 2.06% | 1.71% | 0.54% | 0.56% | 1.02% | 0.57% |
| Cash Conversion Ratio | 4.5452 | 8.2029 | 5.0872 | 1.0823 | 1.4349 | 7.4584 |
| Accruals Ratio | -0.017 | -0.0601 | -0.0373 | -0.0013 | -0.0061 | -0.0633 |
| SBC % of Revenue | 0.85% | 2.19% | 1.59% | 0.96% | 0.62% | 2.25% |
| CapEx Coverage | 2.5387 | 3.175 | 3.4051 | 2.7069 | 2.764 | 3.6428 |
| Free Cash Flow Per Share | $1.35 | $4.77 | $3.32 | $1.06 | $1.31 | $5.34 |
Valuation Metrics
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 36.7487 | 29.6038 | 30.4547 | 34.9125 | 34.5022 | 35.8691 |
| EV / EBITDA | 61.0328 | 60.8768 | 63.1281 | 69.5076 | 65.0605 | 66.1729 |
| P/S | 7.3493 | 7.4248 | 7.8757 | 8.9193 | 8.2458 | 8.506 |
| P/B | 2.867 | 2.8118 | 2.9412 | 3.2931 | 3.0404 | 3.1221 |
Income Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Revenues | 555.56M | 554.37M | 549.90M | 549.29M | 549.83M | 551.13M |
| Operating Expenses | 205.74M | 216.06M | 214.65M | 201.35M | 204.93M | 211.56M |
| Income Tax Expense (Benefit) | 1.19M | 1.77M | 600.00K | 1.04M | 1.75M | 670.00K |
| Net Income (Loss) Attributable to Parent | 57.57M | 99.54M | 108.13M | 181.67M | 166.65M | 115.19M |
| Earnings Per Share, Basic | $0.49 | $0.84 | $0.92 | $1.55 | $1.42 | $0.98 |
| Weighted Average Number of Shares Outstanding, Basic | 116.95M | 117.01M | 116.98M | 116.84M | 116.78M | 116.82M |
| Earnings Per Share, Diluted | $0.48 | $0.84 | $0.92 | $1.54 | $1.42 | $0.98 |
| Weighted Average Number of Shares Outstanding, Diluted | 117.15M | 117.16M | 117.16M | 117.09M | 116.78M | 116.82M |
Balance Sheet
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 60.26M | 32.25M | 54.48M | 55.78M | 43.02M | 50.23M |
| Assets | 11.98B | 11.93B | 11.84B | 11.81B | 11.81B | 11.76B |
| Liabilities | 6.14B | 5.91B | 5.75B | 5.65B | 5.66B | 5.60B |
| Stockholders' Equity Attributable to Parent | 5.66B | 5.82B | 5.89B | 5.95B | 5.94B | 5.95B |
| Common Stock, Shares, Outstanding | 116.88M | 117.08M | 117.07M | 116.92M | 116.88M | 116.88M |
Cash Flow Statement
| Concept | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 261.67M | 816.50M | 550.07M | 196.62M | 239.13M | 859.16M |
| Net Cash Provided by (Used in) Investing Activities | -197.53M | -492.69M | -238.32M | -61.41M | -173.91M | -651.59M |
| Net Cash Provided by (Used in) Financing Activities | -36.10M | -334.64M | -300.39M | -122.52M | -72.52M | -198.61M |
Raw XBRL tagging for a single filing
Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.
Most recent filing shown by default.
Diff any two filings with deltas and added / removed tags.
Immaterial rows are USD line items under
1% of the period's revenue — the noise floor below which a
single tag rarely moves the investment thesis. Revenue is
read from the filer's top-line concept
(Revenues / RevenueFromContractWithCustomerExcludingAssessedTax,
with a fallback chain). Non-USD rows, rows without a
numeric value, and every row on a filing with no
identifiable revenue anchor stay visible. Flip the switch
off to see every tag the filer reported for the period.
Income Statement
27 concepts 3 units| Label | Value | Period |
|---|---|---|
| Weighted Average Number of Shares Outstanding, Basic | 116.95M | 2025-01-01 → 2025-12-31 |
| Weighted Average Number of Shares Outstanding, Diluted | 117.15M | 2025-01-01 → 2025-12-31 |
| Weighted Average Number Diluted Shares Outstanding Adjustment | 195,000 | 2025-01-01 → 2025-12-31 |
| Label | Value | Period |
|---|---|---|
| Earnings Per Share, Basic | $3.79 | 2025-01-01 → 2025-12-31 |
| Earnings Per Share, Diluted | $3.78 | 2025-01-01 → 2025-12-31 |
| Common Stock, Dividends, Per Share, Declared | $6.08 | 2025-01-01 → 2025-12-31 |
| Common Stock, Dividends, Per Share, Cash Paid | $6.06 | 2025-01-01 → 2025-12-31 |
Comprehensive Income
5 concepts 1 unit| Label | Value | Period |
|---|---|---|
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | -1.69M | 2025-01-01 → 2025-12-31 |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax | 1.69M | 2025-01-01 → 2025-12-31 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | 448.55M | 2025-01-01 → 2025-12-31 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | 9.71M | 2025-01-01 → 2025-12-31 |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | 458.25M | 2025-01-01 → 2025-12-31 |
Balance Sheet
46 concepts 3 units| Label | Value | Period |
|---|---|---|
| Temporary Equity, Shares Outstanding | 146,875 | as of 2025-12-31 |
| Preferred Stock, Shares Authorized | 20.00M | as of 2025-12-31 |
| Preferred Stock, Shares Issued | 867,846 | as of 2025-12-31 |
| Preferred Stock, Shares Outstanding | 867,846 | as of 2025-12-31 |
| Common Stock, Shares Authorized | 145.00M | as of 2025-12-31 |
| Common Stock, Shares, Issued | 116.88M | as of 2025-12-31 |
| Common Stock, Shares, Outstanding | 116.88M | as of 2025-12-31 |
| General Partners' Capital Account, Units Outstanding | 116.88M | as of 2025-12-31 |
| Limited Partners' Capital Account, Units Outstanding | 2.94M | as of 2025-12-31 |
| Label | Value | Period |
|---|---|---|
| Preferred Stock, Par or Stated Value Per Share | $0.01 | as of 2025-12-31 |
| Preferred Stock, Liquidation Preference Per Share | $50.00 | as of 2025-12-31 |
| Common Stock, Par or Stated Value Per Share | $0.01 | as of 2025-12-31 |
Cash Flow Statement
30 concepts 1 unitStockholders' Equity
1 concepts 1 unit| Label | Value | Period |
|---|---|---|
| Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders | 18.06M | 2025-01-01 → 2025-12-31 |
Notes
58 concepts 7 units| Label | Value | Period |
|---|---|---|
| Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 2025-01-01 → 2025-12-31 |
| Stock Repurchased During Period, Shares | 200,000 | 2025-01-01 → 2025-12-31 |
| Employee Stock Ownership Plan (ESOP), Shares in ESOP | 117,914 | as of 2025-12-31 |
| Label | Value | Period |
|---|---|---|
| Preferred Stock, Dividend Rate, Per-Dollar-Amount | $4.25 | 2025-01-01 → 2025-12-31 |
| Preferred Stock, Redemption Price Per Share | $50.00 | as of 2025-12-31 |
| Treasury Stock Acquired, Average Cost Per Share | $131.61 | 2025-01-01 → 2025-12-31 |
| Label | Value | Period |
|---|---|---|
| Preferred Stock, Dividend Rate, Percentage | 0.085 | 2025-01-01 → 2025-12-31 |
| Operating Lease, Weighted Average Discount Rate, Percent | 0.046 | as of 2025-12-31 |
| Debt Instrument, Interest Rate, Effective Percentage | 0.038 | as of 2025-12-31 |
| Label | Value | Period |
|---|---|---|
| Number of Real Estate Properties | 293 | as of 2025-12-31 |
| Label | Value | Period |
|---|---|---|
| Number of Reportable Segments | 2 | 2025-01-01 → 2025-12-31 |
| Label | Value | Period |
|---|---|---|
| Number of States in which Entity Operates | 16 | as of 2025-12-31 |
Other
2 concepts 1 unit| Label | Value | Period |
|---|---|---|
| Stock Issued During Period, Value, Stock Options Exercised | 38.00K | 2025-01-01 → 2025-12-31 |
| Stock Repurchased and Retired During Period, Value | 30.34M | 2025-01-01 → 2025-12-31 |
Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (MAA CIK 0000912595),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.