MID-AMERICA APARTMENT COMMUNITIES, INC. financials

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MAA CIK 0000912595

Source: EDGAR filings · Built 2026-06-02T03:30:02Z

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 2025FY 2024FY 2023FY 2022FY 2021FY 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 0.96× 0.84× 0.75× 0.74× 0.76× 0.78×
Effective Tax Rate 1.00% 0.96% 0.83% -0.96% 2.42% 1.25%
Cash Conversion Ratio 2.41× 2.08× 2.06× 1.66× 1.68× 3.23×
Accruals Ratio -0.05× -0.05× -0.05× -0.04× -0.03× -0.05×
SBC % of Revenue 0.76% 0.72% 0.73% 0.93% 0.94% 0.85%
CapEx Coverage 2.99× 3.41× 3.33× 3.57× 3.20× 3.65×
Free Cash Flow Per Share $6.13 $6.64 $6.82 $6.60 $5.35 $5.23

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 36.75× 34.43× 28.55× 28.65× 49.77× 57.85×
P/FCF 22.67× 23.26× 19.70× 23.80× 42.89× 24.24×
FCF Yield 4.41% 4.30% 5.08% 4.20% 2.33% 4.13%
P/S 7.35× 8.25× 7.30× 8.98× 14.88× 8.64×
P/B 2.87× 3.04× 2.57× 3.02× 4.44× 2.47×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 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 2025FY 2024FY 2023FY 2022FY 2021FY 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 2025FY 2024FY 2023FY 2022FY 2021FY 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

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.

Compare filings side-by-side

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.

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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.

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