Mid-America Apartment Communities, Inc. (MAA) Earnings History
Growth Compounder32 years of earnings data (1994–2025) · Consistent double-digit EPS growth over 5 years
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Mid-America Apartment Communities, Inc. (MAA) Earnings Overview
As of June 21, 2026, Mid-America Apartment Communities, Inc. (MAA) reported trailing twelve-month net income of $403M, reflecting -15.8% year-over-year growth. The company earned $3.45 per diluted share over the past four quarters, with a net profit margin of 20.2%.
Looking at the long-term picture, MAA's 5-year EPS compound annual growth rate (CAGR) stands at +11.5%, showing solid earnings momentum. The company achieved its highest annual net income of $637M in fiscal 2022.
Mid-America Apartment Communities, Inc. maintains industry-leading profitability with a gross margin of 31.8%, operating margin of 28.0%, and net margin of 20.2%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EQR ($954M net income, 36.1% margin), AVB ($1.05B net income, 34.6% margin), CPT ($388M net income, 24.4% margin), MAA has room to improve margins relative to the peer group. Compare MAA vs EQR →
MAA Earnings vs Peers
Earnings metrics vs comparable public companies
MAA Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $447M | -15.3% | $619M | $3.78 | 20.2% | 28.0% |
| 2024 | $528M | -4.6% | $657M | $4.49 | 24.1% | 30.0% |
| 2023 | $553M | -13.3% | $689M | $4.71 | 25.7% | 32.1% |
| 2022 | $637M | +19.4% | $629M | $5.48 | 31.6% | 31.1% |
| 2021 | $534M | +109.6% | $465M | $4.61 | 30.0% | 26.1% |
| 2020 | $255M | -28.0% | $428M | $2.19 | 15.2% | 25.5% |
| 2019 | $354M | +58.7% | $432M | $2.99 | 21.6% | 26.4% |
| 2018 | $223M | -32.1% | $401M | $1.89 | 14.2% | 25.5% |
| 2017 | $328M | +54.7% | $355M | $2.86 | 21.5% | 23.2% |
| 2016 | $212M | -36.1% | $272M | $2.69 | 18.9% | 24.2% |
| 2015 | $332M | +124.5% | $291M | $4.41 | 31.9% | 27.9% |
| 2014 | $148M | +28.4% | $230M | $1.97 | 15.0% | 23.3% |
| 2013 | $115M | +9.6% | $117M | $2.25 | 18.2% | 18.5% |
| 2012 | $105M | +115.5% | $124M | $2.56 | 21.2% | 24.9% |
| 2011 | $49M | +64.0% | $89M | $1.31 | 10.9% | 19.8% |
| 2010 | $30M | -20.0% | $85M | $0.56 | 7.4% | 21.2% |
| 2009 | $37M | +23.0% | $93M | $0.85 | 9.8% | 24.7% |
| 2008 | $30M | -24.3% | $96M | $0.64 | 8.2% | 25.9% |
| 2007 | $40M | +90.7% | $92M | $1.01 | 11.3% | 25.9% |
| 2006 | $21M | +6.1% | $87M | $0.29 | 6.4% | 26.8% |
| 2005 | $20M | -21.6% | $76M | $0.25 | 6.6% | 25.7% |
| 2004 | $25M | +24.7% | $67M | $0.50 | 9.4% | 24.9% |
| 2003 | $20M | +25.2% | $63M | $-0.07 | 8.4% | 26.2% |
| 2002 | $16M | -43.8% | $67M | $-0.11 | 6.9% | 28.7% |
| 2001 | $29M | -3.7% | $73M | $0.72 | 12.6% | 32.1% |
| 2000 | $30M | -11.1% | $72M | $0.78 | 13.3% | 31.9% |
| 1999 | $34M | +25.2% | $74M | $0.93 | 14.8% | 32.8% |
| 1998 | $27M | +138.9% | $75M | $0.82 | 12.4% | 34.9% |
| 1997 | $11M | -21.5% | $51M | $0.43 | 8.1% | 37.0% |
| 1996 | $14M | +45.5% | $15M | $1.21 | 12.7% | 13.7% |
| 1995 | $10M | +40.0% | $140M | $1.00 | 10.3% | 148.0% |
| 1994 | $7M | - | $75M | $1.01 | 13.6% | 145.4% |
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MAA — Frequently Asked Questions
Quick answers to the most common questions about buying MAA stock.
What is MAA earnings per share (EPS)?
MAA trailing twelve-month (TTM) diluted EPS is $3.45, reflecting -15.8% year-over-year growth. The 5-year EPS CAGR is +11.5%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is Mid-America Apartment Communities, Inc.'s net income?
Mid-America Apartment Communities, Inc. (MAA) trailing twelve-month net income is $403M as of 2025. Earnings declined -15.8% year-over-year. Mid-America Apartment Communities, Inc. has been profitable for 32 consecutive years.
Is MAA profitable?
Yes, MAA is profitable with a TTM net income of $403M and a net profit margin of +20.2%. Mid-America Apartment Communities, Inc. has generated profits for 32 consecutive years.
What is MAA's earnings growth rate?
MAA compound annual EPS growth rates (CAGR): 1-Year: -15.8%, 3-Year: -11.6%, 5-Year: +11.5%, 10-Year: -1.5%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are MAA's profit margins?
Mid-America Apartment Communities, Inc. net profit margin is +20.2%, operating margin is +28.0%, and gross margin is +31.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +7.5%.
Is MAA growing earnings?
MAA earnings are declining — EPS fell -15.8% year-over-year. TTM net income dropped to $403M. This contrasts with the 5-year CAGR of +11.5%.
What was MAA's best earnings year?
Mid-America Apartment Communities, Inc.'s highest annual net income on record is $637M, achieved in fiscal year 2022. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were MAA's earnings last quarter?
MAA's most recent reported quarter was Q1 2026. Net income was $137M with diluted EPS of $1.06. For a full breakdown of all quarters, see the quarterly earnings table on this page.