MAA · Mid America Apartment Communities Inc. · Financials
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $2.22B | $2.21B | $2.19B | $2.15B | $2.02B | $1.78B | $1.68B | $1.64B | $1.57B | $1.53B | $497.17M | $430.81M | $380.14M | $374.37M | $370.01M | |
| $499.32M | — | — | — | — | — | — | — | — | — | $456.2M | $393.14M | $348.52M | $353.13M | $352.41M | |
| $58.24M | $54.81M | $56.52M | $58.58M | $58.83M | $52.88M | $46.86M | $43.85M | $38.86M | $40.19M | $13.76M | $18.12M | $12.35M | $11.32M | $11.84M | |
| $641.52M | $622.97M | $586.4M | $565.86M | $544M | $534.42M | $511.68M | $497.79M | $491M | $494.54M | $132.2M | $119.33M | $106.69M | $98.39M | $93.18M | |
| $846.09M | $837.81M | $820.09M | $768.14M | $723.69M | — | — | — | — | — | — | — | — | — | — | |
| $140.95M | — | — | — | — | — | — | — | — | — | $130.28M | $95.22M | $85.27M | $92.24M | $95.9M | |
| — | — | — | — | — | — | — | — | — | — | 26.2% | 22.1% | 22.43% | 24.64% | 25.92% | |
| $280.34M | — | — | — | — | — | — | — | — | — | $262.47M | $214.55M | $191.96M | $190.63M | $189.08M | |
| $199.53M | $185.26M | $168.54M | $149.23M | $154.75M | $156.88M | $167.56M | $179.85M | $173.59M | $154.75M | $58.75M | $57.42M | $54.63M | $56.99M | $62.01M | |
| -$34.61M | -$47.16M | $1.66M | $31.19M | -$42.71M | $33.9M | $4.86M | $23M | $9.5M | $14.35M | $430K | $802K | $903K | $385K | $509K | |
| $1.64M | $2.08M | $1.95M | $1.73M | $1.58M | $1.21M | $1.5M | $1.65M | $1.83M | $1.37M | -$223K | -$593K | -$1.15M | -$816K | -$844K | |
| $418.01M | $459.09M | $544.87M | $570.85M | $646.99M | $563.13M | $265.84M | $368.66M | $231.8M | $341.79M | $67.79M | $35.41M | $29.98M | $33.16M | $31.72M | |
| $8.93M | $4.6M | $5.24M | $4.74M | -$6.21M | $13.64M | $3.33M | $3.7M | $2.61M | $2.62M | — | — | — | — | — | |
| $403.22M | $446.91M | $527.54M | $552.81M | $637.44M | $533.79M | $254.96M | $353.81M | $222.9M | $328.38M | $105.22M | $48.82M | $29.76M | $37.21M | $30.25M | |
| — | 20.23% | 24.08% | 25.73% | 31.56% | 30.02% | 15.19% | 21.56% | 14.19% | 21.48% | 21.16% | 11.33% | 7.83% | 9.94% | 8.18% | |
| $7.5M | $9.66M | $14.03M | $15.03M | $17.34M | $16.91M | $9.05M | $12.81M | $8.12M | $12.16M | $4.6M | $2.41M | $1.11M | $2.01M | $1.82M | |
| $399.53M | $443.22M | $523.86M | $549.12M | $633.75M | $530.1M | $251.27M | $350.12M | $219.21M | $324.69M | $105.22M | $48.82M | $18.06M | $24.35M | $17.38M | |
| $404.77M | $448.55M | $529.37M | $554.09M | $638.52M | $534.79M | $256.01M | $340.85M | $220.3M | $329.39M | $115.02M | $61.82M | $28.35M | $62.66M | -$28.73M | |
| USD/shares | $3.42 | $3.79 | $4.49 | $4.71 | $5.49 | $4.62 | $2.20 | $3.07 | $1.93 | $2.86 | $2.56 | $1.32 | $0.57 | $0.85 | $0.64 |
| USD/shares | $3.42 | $3.78 | $4.49 | $4.71 | $5.48 | $4.61 | $2.19 | $3.07 | $1.93 | $2.86 | $2.56 | $1.31 | $0.56 | $0.85 | $0.64 |
| shares | — | 116.95M | 116.78M | 116.52M | 115.34M | 114.72M | 114.19M | 113.85M | 113.64M | 113.41M | 41.04M | 37M | 31.86M | 28.34M | 26.94M |
| shares | — | 117.15M | 116.78M | 116.65M | 115.58M | 115.04M | 114.5M | 114.11M | 113.84M | 113.69M | 42.94M | 39.09M | 31.98M | 28.42M | 27.08M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $34.59M in buybacks, $5.18B in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported total debt history
| As of | Reported label | Amount | Source |
|---|---|---|---|
| 2025-12-31 | outstanding borrowings | USD 5,400,000,000 |
10-K filed 2026-02-06
As of December 31, 2025, we had outstanding borrowings of $5.4 billion. Our indebtedness contains financial covenants as to interest coverage ratios, maximum secured debt, maintenance of unencumbered asset value, and total debt to gross assets, among others, and cross default provisions with other material debt. Our ability to comply with these financial covenants may be affected by changes in our operating and financial performance, changes in general business and economic conditions, adverse regulatory developments or other events adversely impacting us. In the event that an event of default occurs, our lenders may declare borrowings under the respective loan agreements to be due and payable immediately, which could have a material adverse effect on our financial condition and our ability to make payments on our debt and to make distributions. |
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Notes payable, including current maturities | 2026-06-30 | USD 5,691,901,000 | 10-Q filed 2026-07-30 |
| Secured debt, including current maturities | 2026-06-30 | USD 360,456,000 | 10-Q filed 2026-07-30 |
| Unsecured debt, including current maturities | 2026-06-30 | USD 5,331,445,000 | 10-Q filed 2026-07-30 |
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 11 similar-size REIT - Residential companies (of 21 listed).
P/FFO and P/AFFO use the company-stated “FFO per Share - diluted” and “Core AFFO attributable to common shareholders and unitholders”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Valuation over time computed as of each quarter's filing date
P/FFO and P/AFFO use the company-stated “FFO per Share - diluted” and “Core AFFO attributable to common shareholders and unitholders”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Same Store | $2,077,162,000 | $2,080,027,000 | $2,075,096,000 | $1,907,003,000 | $1,695,234,000 | $1,613,369,000 | $1,538,275,000 | $1,467,460,000 |
| Non Same Store and Other | $131,964,000 | $110,988,000 | $73,372,000 | $112,863,000 | $82,848,000 | $64,615,000 | $102,742,000 | $103,886,000 |