Mid-America Apartment Communities, Inc. (MAA) — Financial statements
Income statement, balance sheet, and cash flow for Mid-America Apartment Communities, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,209↑0.8% | 2,191↑2.0% | 2,148↑6.4% | 2,020↑13.6% | 1,778 | |
| Cost of Revenue | 1,506↑1.9% | 1,478↑5.5% | 1,401↑5.2% | 1,332↑5.7% | 1,260 | |
| Gross Profit | 703↓1.4% | 713↓4.6% | 747↑8.7% | 688↑32.8% | 518 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 55↓3.0% | 57↓3.5% | 59↓0.4% | 59↑11.2% | 53 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 55↓3.0% | 57↓3.5% | 59↓0.4% | 59↑11.2% | 53 | |
| Other Expenses | 29 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 84↑48.0% | 57↓3.5% | 59↓0.4% | 59↑11.2% | 53 | |
| Total Costs & Expenses | 1,590↑3.6% | 1,534↑5.1% | 1,460↑4.9% | 1,391↑5.9% | 1,313 | |
| Operating Results | ||||||
| Operating Income | 619↓5.7% | 657↓4.7% | 689↑9.5% | 629↑35.3% | 465 | |
| Depreciation & Amortization | 623↑6.2% | 586↑3.6% | 566↑4.0% | 544↑1.8% | 534 | |
| EBITDA | 1,319↑1.4% | 1,300↑1.1% | 1,286↓4.4% | 1,346↑7.3% | 1,254 | |
| EBIT | 696↓2.4% | 713↓0.9% | 720↓10.2% | 802↑11.4% | 720 | |
| Interest & Other Income | ||||||
| Net Interest Income | -185↓9.9% | -169↓12.9% | -149↑3.6% | -155↑1.4% | -157 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 185↑9.9% | 169↑12.9% | 149↓3.6% | 155↓1.4% | 157 | |
| Non-Operating Income | -77↓35.1% | -57↓81.7% | -31↑82.0% | -173↑32.3% | -255 | |
| Other Income / Expenses | -159↓42.4% | -112↑5.2% | -118↓751.9% | 18↓81.6% | 98 | |
| Income Before Tax | 460↓15.5% | 545↓4.6% | 571↓11.8% | 647↑14.9% | 563 | |
| Income Tax Expense | 5↓12.3% | 5↑10.5% | 5↑176.4% | -6↓145.5% | 14 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 456↓15.6% | 540↓4.7% | 566↓13.3% | 653↑18.9% | 549 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 447↓15.3% | 528↓4.6% | 553↓13.3% | 637↑19.4% | 534 | |
| Bottom-Line Net Income | 444↓15.2% | 524↓4.6% | 549↓13.4% | 634↑19.6% | 530 | |
| EPS (Basic) | 3.79↓15.6% | 4.49↓4.7% | 4.71↓14.2% | 5.49↑18.8% | 4.62 | |
| EPS (Diluted) | 3.78↓15.8% | 4.49↓4.7% | 4.71↓14.1% | 5.48↑18.9% | 4.61 | |
| Weighted Average Shares | 117↑0.2% | 117↑0.2% | 117↑1.0% | 115↑0.5% | 115 | |
| Weighted Average Diluted Shares | 117↑0.3% | 117↑0.1% | 117↑0.9% | 116↑0.5% | 115 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.