8-K Announcements
6Apr 29, 2026·SEC
Feb 27, 2026·SEC
Feb 27, 2026·SEC
Mid-America Apartment Communities, Inc. (MAA) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Mid-America Apartment Communities, Inc. (MAA) stock price & volume — 10-year historical chart
Mid-America Apartment Communities, Inc. (MAA) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Mid-America Apartment Communities, Inc. (MAA) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $1.09vs $0.83+31.5% | $554Mvs $556M-0.4% |
| Q1 2026 | Feb 4, 2026 | $2.23vs $2.22+0.5% | $556Mvs $556M-0.1% |
| Q4 2025 | Oct 29, 2025 | $2.16vs $2.17-0.5% | $554Mvs $557M-0.4% |
| Q3 2025 | Jul 30, 2025 | $2.15vs $2.14+0.5% | $550Mvs $558M-1.5% |
Mid-America Apartment Communities, Inc. (MAA) competitors in Diversified apartment REITs — business model, growth, and fundamentals comparison
Mid-America Apartment Communities, Inc. (MAA) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Mid-America Apartment Communities, Inc. (MAA) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.53B | 1.57B | 1.64B | 1.68B | 1.78B | 2.02B | 2.15B | 2.19B | 2.21B | 2.21B |
| Revenue Growth % | 35.87% | 2.77% | 4.43% | 2.25% | 5.97% | 13.6% | 6.37% | 1.98% | 0.83% | 0.77% |
| Property Operating Expenses | 1.11B | 1.13B | 1.16B | 1.2B | 1.26B | 1.33B | 1.4B | 1.48B | 1.51B | 1.21B |
| Net Operating Income (NOI) | 414.96M▲ 0% | 439.37M▲ 5.9% | 476.32M▲ 8.4% | 474.37M▼ 0.4% | 517.75M▲ 9.1% | 687.71M▲ 32.8% | 747.48M▲ 8.7% | 713.27M▼ 4.6% | 703.07M▼ 1.4% | 1B▲ 0% |
| NOI Margin % | 27.14% | 27.96% | 29.03% | 28.27% | 29.12% | 34.05% | 34.79% | 32.55% | 31.83% | 45.35% |
| Operating Expenses | 60.18M | 38.85M | 43.84M | 46.86M | 52.88M | 58.83M | 58.58M | 56.52M | 83.63M | 117.67M |
| G&A Expenses | 40.19M | 38.85M | 43.84M | 46.86M | 52.88M | 58.83M | 58.58M | 56.52M | 54.81M | 55.9M |
| EBITDA | 849.32M | 891.51M | 930.26M | 939.19M | 999.28M | 1.17B | 1.25B | 1.24B | 1.24B | 1.24B |
| EBITDA Margin % | 55.55% | 56.74% | 56.69% | 55.97% | 56.2% | 58.07% | 58.4% | 56.74% | 56.22% | 55.98% |
| Depreciation & Amortization | 494.54M | 491M | 497.79M | 511.68M | 534.41M | 544M | 565.86M | 586.4M | 622.63M | 631.98M |
| D&A / Revenue % | 32.34% | 31.25% | 30.33% | 30.49% | 30.06% | 26.93% | 26.34% | 26.76% | 28.18% | 28.55% |
| Operating Income | 354.78M▲ 0% | 400.51M▲ 12.9% | 432.47M▲ 8.0% | 427.51M▼ 1.1% | 464.87M▲ 8.7% | 628.88M▲ 35.3% | 688.9M▲ 9.5% | 656.75M▼ 4.7% | 619.44M▼ 5.7% | 607.15M▲ 0% |
| Operating Margin % | 23.2% | 25.49% | 26.35% | 25.48% | 26.14% | 31.13% | 32.06% | 29.97% | 28.04% | 27.43% |
| Interest Expense | 154.75M | 173.59M | 179.85M | 167.56M | 156.88M | 154.75M | 149.23M | 168.54M | 185.26M | 4M |
| Interest Coverage | 3.21x | 2.34x | 3.05x | 2.59x | 4.59x | 5.18x | 4.83x | 4.23x | 3.76x | - |
| Non-Operating Income | -141.76M | -4.88M | -116.03M | -5.89M | -255.14M | -172.86M | -31.18M | -56.66M | -76.53M | -40.22M |
| Pretax Income | 341.79M▲ 0% | 231.8M▼ 32.2% | 368.66M▲ 59.0% | 265.84M▼ 27.9% | 563.13M▲ 111.8% | 646.99M▲ 14.9% | 570.85M▼ 11.8% | 544.87M▼ 4.6% | 460.17M▼ 15.5% | 405.05M▲ 0% |
| Pretax Margin % | 22.35% | 14.75% | 22.47% | 15.84% | 31.67% | 32.03% | 26.57% | 24.87% | 20.83% | 18.3% |
| Income Tax | 2.62M | 2.61M | 3.7M | 3.33M | 13.64M | -6.21M | 4.74M | 5.24M | 4.59M | -1.96M |
| Effective Tax Rate % | 0.77% | 1.13% | 1% | 1.25% | 2.42% | -0.96% | 0.83% | 0.96% | 1% | -0.48% |
| Net Income | 328.38M▲ 0% | 222.9M▼ 32.1% | 353.81M▲ 58.7% | 254.62M▼ 28.0% | 533.79M▲ 109.6% | 637.44M▲ 19.4% | 552.81M▼ 13.3% | 527.54M▼ 4.6% | 446.91M▼ 15.3% | 402.62M▲ 0% |
| Net Margin % | 21.48% | 14.19% | 21.56% | 15.17% | 30.02% | 31.56% | 25.73% | 24.08% | 20.23% | 18.19% |
| Net Income Growth % | 54.73% | -32.12% | 58.73% | -28.03% | 109.64% | 19.42% | -13.28% | -4.57% | -15.28% | -28.8% |
| Funds From Operations (FFO) | 822.92M▲ 0% | 713.89M▼ 13.2% | 851.6M▲ 19.3% | 766.3M▼ 10.0% | 1.07B▲ 39.4% | 1.18B▲ 10.6% | 1.12B▼ 5.3% | 1.11B▼ 0.4% | 1.07B▼ 4.0% | 1.03B▲ 0% |
| FFO Margin % | 53.82% | 45.43% | 51.89% | 45.67% | 60.08% | 58.49% | 52.07% | 50.84% | 48.41% | 46.74% |
| FFO Growth % | 53.67% | -13.25% | 19.29% | -10.02% | 39.4% | 10.6% | -5.31% | -0.42% | -3.99% | -38.36% |
| FFO per Share | 7.24 | 6.05 | 7.20 | 6.69 | 9.29 | 10.22 | 9.59 | 9.54 | 9.13 | 8.86 |
| FFO Payout Ratio % | 48.04% | 58.81% | 51.4% | 59.68% | 44.04% | 45.67% | 58.26% | 61.66% | 66.29% | 51.41% |
| EPS (Diluted) | 2.86▲ 0% | 1.89▼ 33.9% | 2.99▲ 58.2% | 2.19▼ 26.8% | 4.61▲ 110.5% | 5.48▲ 18.9% | 4.71▼ 14.1% | 4.49▼ 4.7% | 3.78▼ 15.8% | 3.45▲ 0% |
| EPS Growth % | 6.32% | -33.92% | 58.2% | -26.76% | 110.5% | 18.87% | -14.05% | -4.67% | -15.81% | -31.25% |
| EPS (Basic) | 2.86 | 1.89 | 3.00 | 2.20 | 4.62 | 5.49 | 4.71 | 4.49 | 3.79 | - |
| Diluted Shares Outstanding | 113.69M | 117.97M | 118.2M | 114.5M | 115.04M | 115.58M | 116.64M | 116.78M | 117.11M | 116.74M |
Mid-America Apartment Communities, Inc. (MAA) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 11.49B | 11.32B | 11.23B | 11.19B | 11.29B | 11.24B | 11.48B | 11.81B | 11.98B | 11.99B |
| Asset Growth % | -0.97% | -1.46% | -0.82% | -0.32% | 0.81% | -0.39% | 2.16% | 2.85% | 1.38% | 6.73% |
| Real Estate & Other Assets | 11.35B | 11.22B | 11.11B | 11.11B | 11.11B | 11.14B | 11.39B | 11.71B | 11.49B | 289.44M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 94.19M | 51.67M | 70.54M | 35.62M | 130.6M | 61.07M | 55.09M | 64.53M | 120.38M | 84.86M |
| Cash & Equivalents | 10.75M | 34.26M | 20.48M | 25.2M | 54.3M | 38.66M | 41.31M | 43.02M | 60.26M | 84.86M |
| Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 83.44M | 17.41M | 50.06M | 10.42M | 76.3M | 22.41M | 13.78M | 21.51M | 13.72M | 0 |
| Intangible Assets | 11.2M | 3.9M | 2.6M | 1.3M | 900K | 0 | 1.6M | 1M | 0 | 0 |
| Total Liabilities | 4.91B | 4.94B | 4.93B | 5.09B | 5.1B | 5.03B | 5.19B | 5.66B | 6.14B | 6.29B |
| Total Debt | 4.5B | 4.53B | 4.45B | 4.56B | 4.52B | 4.44B | 4.57B | 5.01B | 5.41B | 5.66B |
| Net Debt | 4.49B | 4.49B | 4.43B | 4.54B | 4.46B | 4.4B | 4.53B | 4.96B | 5.35B | 5.57B |
| Long-Term Debt | 4.09B | 3.99B | 4.38B | 4.39B | 4.52B | 4.39B | 4.05B | 4.73B | 5.41B | 5.66B |
| Short-Term Borrowings | 410M | 540M | 70M | 172M | 0 | 20M | 495M | 250M | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 28.67M | 27.34M | 26.09M | 0 | 23.7M |
| Total Current Liabilities | 815.56M | 953.85M | 542.26M | 700.27M | 584.4M | 558.01M | 1.06B | 856.74M | 730.37M | 0 |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 101.99M | 94.46M | 124.81M | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 65.13M | 65.18M | 64.63M | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 | 0 | 0 | 49.16M | 51.54M | 50.92M | 0 | 629.49M |
| Total Equity | 6.58B▲ 0% | 6.38B▼ 3.1% | 6.3B▼ 1.2% | 6.1B▼ 3.2% | 6.18B▲ 1.3% | 6.21B▲ 0.4% | 6.3B▲ 1.4% | 6.15B▼ 2.4% | 5.84B▼ 5.0% | 5.71B▲ 0% |
| Equity Growth % | -1.02% | -3.08% | -1.22% | -3.17% | 1.32% | 0.43% | 1.43% | -2.4% | -5.01% | -16.44% |
| Shareholders Equity | 6.35B | 6.16B | 6.08B | 5.89B | 6B | 6.03B | 6.11B | 5.96B | 5.68B | 5.56B |
| Minority Interest | 233.98M | 222.35M | 220.89M | 216.78M | 188.73M | 184.66M | 185.88M | 183.3M | 156.39M | 149.67M |
| Common Stock | 11.54M | 10.55M | 15.27M | 16.54M | 31.34M | 21.82M | 20.34M | 23.4M | 1.17M | 19.35M |
| Additional Paid-in Capital | 7.12B | 7.14B | 7.17B | 7.18B | 7.23B | 7.2B | 7.4B | 7.42B | 7.4B | 7.33B |
| Retained Earnings | -784.5M | -989.26M | -1.09B | -1.29B | -1.26B | -1.19B | -1.3B | -1.47B | -1.73B | -1.79B |
| Preferred Stock | 9K | 9K | 9K | 9K | 9K | 9K | 9K | 9K | 9K | 9K |
| Return on Assets (ROA) | 2.84% | 1.95% | 3.14% | 2.27% | 4.75% | 5.66% | 4.87% | 4.53% | 3.76% | 3.37% |
| Return on Equity (ROE) | 4.96% | 3.44% | 5.58% | 4.1% | 8.69% | 10.29% | 8.84% | 8.48% | 7.46% | 6.81% |
| Debt / Assets | 39.18% | 39.99% | 39.67% | 40.76% | 40.02% | 39.53% | 39.77% | 42.39% | 45.14% | 47.16% |
| Debt / Equity | 0.68x | 0.71x | 0.71x | 0.75x | 0.73x | 0.72x | 0.73x | 0.81x | 0.93x | 0.93x |
| Net Debt / EBITDA | 5.29x | 5.04x | 4.77x | 4.83x | 4.47x | 3.76x | 3.61x | 3.99x | 4.30x | 4.30x |
| Book Value per Share | 57.92 | 54.09 | 53.33 | 53.31 | 53.76 | 53.73 | 54.00 | 52.64 | 49.86 | 48.90 |
Mid-America Apartment Communities, Inc. (MAA) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 660.8M | 734.29M | 781.42M | 823.95M | 894.97M | 1.06B | 1.14B | 1.1B | 1.08B | 1.08B |
| Operating CF Growth % | 36.25% | 11.12% | 6.42% | 5.44% | 8.62% | 18.27% | 7.44% | -3.42% | -1.83% | -102.3% |
| Operating CF / Revenue % | 43.22% | 46.73% | 47.62% | 49.1% | 50.33% | 52.4% | 52.93% | 50.13% | 48.81% | 48.71% |
| Net Income | 340.54M | 231.02M | 366.62M | 264.01M | 550.7M | 654.78M | 567.83M | 541.58M | 456.57M | 402.62M |
| Depreciation & Amortization | 494.54M | 491M | 497.79M | 511.68M | 534.41M | 544M | 565.86M | 586.4M | 622.97M | 632.49M |
| Stock-Based Compensation | 10.57M | 12.44M | 13.65M | 14.33M | 16.66M | 18.8M | 15.7M | 15.79M | 16.84M | 17.4M |
| Other Non-Cash Items | -137.22M | -6.91M | -109.03M | -4.24M | -262.74M | -143.04M | -17.06M | -49.26M | -27.45M | -295.82M |
| Working Capital Changes | -49.92M | 9.31M | 12.38M | 38.17M | 55.92M | -16.06M | 4.86M | 3.79M | 9.25M | 132.75M |
| Cash from Investing | -294.21M | -366.35M | -238.27M | -484.73M | -253.59M | -405.24M | -775.26M | -825.5M | -690.22M | -751.37M |
| Acquisitions (Net) | -1.5M | -2.9M | -5.39M | -5.35M | -4.67M | -13.85M | -16.64M | -2.87M | -9.85M | -6.17M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 307.89M | 0 | 0 | 9.97M | 0 | 0 |
| Other Investing | 51.18M | -108.73M | -42.68M | -253.88M | -45.53M | -95.21M | -417.4M | -510.23M | -320.13M | -457.59M |
| Cash from Financing | -399.52M | -405.14M | -524.28M | -374.14M | -546.4M | -722.77M | -367.9M | -271.12M | -370.74M | -264.42M |
| Dividends Paid | -398.98M | -423.54M | -441.43M | -461.04M | -474.09M | -543.29M | -655.4M | -690.59M | -712.71M | -714.46M |
| Common Dividends | -395.29M | -419.85M | -437.74M | -457.36M | -470.4M | -539.61M | -651.72M | -686.9M | -709.02M | -531.92M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 3M |
| Share Repurchases | -4.78M | -2.92M | 0 | 0 | 0 | 0 | 0 | 0 | -27.23M | -100.02M |
| Other Financing | -21.24M | -20.28M | -14.52M | -21.59M | -28.22M | -74.16M | -38.71M | -28.41M | -55.66M | 123.69M |
| Net Change in Cash | -32.93M▲ 0% | -37.19M▼ 12.9% | 18.87M▲ 150.7% | -34.93M▼ 285.1% | 94.98M▲ 372.0% | -69.53M▼ 173.2% | -5.98M▲ 91.4% | 1.67M▲ 127.9% | 17.21M▲ 930.8% | 15.41M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 121.8M | 88.87M | 51.67M | 70.54M | 35.62M | 130.6M | 61.07M | 55.09M | 56.76M | 73.97M |
| Cash at End | 88.87M | 51.67M | 70.54M | 35.62M | 130.6M | 61.07M | 55.09M | 56.76M | 73.97M | 84.86M |
| Free Cash Flow | 316.91M▲ 0% | 479.58M▲ 51.3% | 591.22M▲ 23.3% | 598.44M▲ 1.2% | 383.69M▼ 35.9% | 762.3M▲ 98.7% | 795.96M▲ 4.4% | 775.92M▼ 2.5% | 717.94M▼ 7.5% | 595.98M▲ 0% |
| FCF Growth % | 5.28% | 51.33% | 23.28% | 1.22% | -35.89% | 98.68% | 4.42% | -2.52% | -7.47% | -20.72% |
| FCF / Revenue % | 20.73% | 30.52% | 36.03% | 35.66% | 21.58% | 37.74% | 37.05% | 35.41% | 32.5% | 26.92% |
Mid-America Apartment Communities, Inc. (MAA) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 7.24 | 6.05 | 7.2 | 6.69 | 9.29 | 10.22 | 9.59 | 9.54 | 9.13 | 8.86 |
| FFO Payout Ratio | 48.04% | 58.81% | 51.4% | 59.68% | 44.04% | 45.67% | 58.26% | 61.66% | 66.29% | 51.41% |
| NOI Margin | 27.14% | 27.96% | 29.03% | 28.27% | 29.12% | 34.05% | 34.79% | 32.55% | 31.83% | 45.35% |
| Net Debt / EBITDA | 5.29x | 5.04x | 4.77x | 4.83x | 4.47x | 3.76x | 3.61x | 3.99x | 4.30x | 4.30x |
| Debt / Assets | 39.18% | 39.99% | 39.67% | 40.76% | 40.02% | 39.53% | 39.77% | 42.39% | 45.14% | 47.16% |
| Interest Coverage | 3.21x | 2.34x | 3.05x | 2.59x | 4.59x | 5.18x | 4.83x | 4.23x | 3.76x | - |
| Book Value / Share | 57.92 | 54.09 | 53.33 | 53.31 | 53.76 | 53.73 | 54 | 52.64 | 49.86 | 48.9 |
| Revenue Growth | 35.87% | 2.77% | 4.43% | 2.25% | 5.97% | 13.6% | 6.37% | 1.98% | 0.83% | 0.77% |
Mid-America Apartment Communities, Inc. (MAA) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 29, 2026·SEC
Feb 27, 2026·SEC
Feb 27, 2026·SEC
Mid-America Apartment Communities, Inc. (MAA) stock FAQ — growth, dividends, profitability & financials explained
Mid-America Apartment Communities, Inc. (MAA) reported $2.21B in revenue for fiscal year 2025. This represents a 1878% increase from $111.9M in 1996.
Mid-America Apartment Communities, Inc. (MAA) grew revenue by 0.8% over the past year. Growth has been modest.
Yes, Mid-America Apartment Communities, Inc. (MAA) is profitable, generating $402.6M in net income for fiscal year 2025 (20.2% net margin).
Yes, Mid-America Apartment Communities, Inc. (MAA) pays a dividend with a yield of 4.65%. This makes it attractive for income-focused investors.
Mid-America Apartment Communities, Inc. (MAA) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.
Mid-America Apartment Communities, Inc. (MAA) generated Funds From Operations (FFO) of $1.03B in the trailing twelve months. FFO is the primary profitability metric for REITs.
Mid-America Apartment Communities, Inc. (MAA) offers a 4.65% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.
Mid-America Apartment Communities, Inc. (MAA) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates