MidAmerica Apartment Communities Inc (MAA-PI)

Name: MidAmerica Apartment Communities Inc Financial Statements
Creator: Quarter Results

Real Estate | REIT Residential

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$549M

Net Income

$182M

Operating Margin

29.0%

Free Cash Flow

$718M

Debt / Assets

51.2%

Values are in USD and rounded to the nearest whole number unless noted.

Swipe horizontally to view all columns.

Income statement quarterly history for MidAmerica Apartment Communities Inc (MAA-PI).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	549,295,000	549,832,000	551,126,000	546,435,000
Cost of Revenue	374,281,000	373,364,000	375,548,000	368,019,000
Gross Profit	175,014,000	176,468,000	175,578,000	178,416,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	15,619,000	14,072,000	12,728,000	12,671,000
Operating Expenses	15,619,000	14,072,000	12,728,000	12,671,000
Operating Income	159,395,000	162,396,000	162,850,000	165,745,000
Interest Expense	45,161,000	44,192,000	42,726,000	41,265,000
Income Before Tax	186,979,000	172,283,000	118,446,000	105,213,000
Income Tax Expense	1,038,000	1,755,000	670,000	1,020,000
Net Income	181,673,000	166,646,000	115,195,000	101,953,000
Per Share
EPS	1.55	1.50	0.98	0.86
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for MidAmerica Apartment Communities Inc (MAA-PI).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	2,209,126,000	2,191,015,000	2,148,468,000	2,019,866,000	1,778,082,000
Cost of Revenue	1,506,057,000	1,477,748,000	1,400,988,000	1,266,692,000	1,204,598,000
Gross Profit	703,069,000	713,267,000	747,480,000	753,174,000	573,484,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	54,807,000	56,516,000	58,578,000	124,296,000	108,616,000
Operating Expenses	83,631,000	56,516,000	58,578,000	124,296,000	108,616,000
Operating Income	619,438,000	656,751,000	688,902,000	42,161,000	464,868,000
Interest Expense	185,257,000	168,544,000	149,234,000	154,747,000	156,881,000
Income Before Tax	460,166,000	544,865,000	570,845,000	646,989,000	563,128,000
Income Tax Expense	4,595,000	5,240,000	4,744,000	-6,208,000	13,637,000
Net Income	446,909,000	527,543,000	552,806,000	637,436,000	533,791,000
Per Share
EPS	3.79	4.74	4.71	5.49	2.52
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for MidAmerica Apartment Communities Inc (MAA-PI).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	60,258,000	43,018,000	41,314,000	38,659,000
Short Term Investments	46,401,000	0	0	0
Net Receivables	0	0	0	0
Inventory	0	0	0	0
Total Current Assets	120,376,000	64,525,000	55,091,000	61,071,000
Property Plant Equipment	0	0	42,500,000	44,600,000
Goodwill and Intangibles	0	1,000,000	0	0
Total Assets	11,975,383,000	11,812,369,000	11,484,503,000	11,241,165,000
Liabilities
Account Payables	0	124,813,000	94,461,000	101,990,000
Short Term Debt	0	250,000,000	495,000,000	20,000,000
Total Current Liabilities	730,366,000	856,739,000	566,275,000	615,843,000
Long Term Debt	5,405,372,000	4,757,048,000	4,567,569,000	4,414,903,000
Total Liabilities	6,135,738,000	5,664,705,000	5,185,381,000	5,030,746,000
Shareholders Equity
Retained Earnings	-1,734,986,000	-1,469,557,000	-1,298,263,000	-1,188,854,000
Total Shareholders Equity	5,683,253,000	5,964,361,000	6,113,238,000	6,025,760,000

Balance sheet annual history for MidAmerica Apartment Communities Inc (MAA-PI).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	60,258,000	43,018,000	41,314,000	38,659,000	54,302,000
Short Term Investments	46,401,000	0	0	0	42,827,000
Net Receivables	0	0	0	0	0
Inventory	0	0	0	0	0
Total Current Assets	120,376,000	64,525,000	55,091,000	61,071,000	130,598,000
Property Plant Equipment	0	0	42,500,000	44,600,000	0
Goodwill and Intangibles	0	1,000,000	0	0	900,000
Total Assets	11,975,383,000	11,812,369,000	11,484,503,000	11,241,165,000	11,285,182,000
Liabilities
Account Payables	0	124,813,000	94,461,000	101,990,000	0
Short Term Debt	0	250,000,000	495,000,000	20,000,000	4,516,690,000
Total Current Liabilities	730,366,000	856,739,000	566,275,000	615,843,000	584,400,000
Long Term Debt	5,405,372,000	4,757,048,000	4,567,569,000	4,414,903,000	4,516,690,000
Total Liabilities	6,135,738,000	5,664,705,000	5,185,381,000	5,030,746,000	5,101,090,000
Shareholders Equity
Retained Earnings	-1,734,986,000	-1,469,557,000	-1,298,263,000	-1,188,854,000	-1,255,807,000
Total Shareholders Equity	5,683,253,000	5,964,361,000	6,113,238,000	6,025,760,000	5,995,362,000

Cash flow quarterly history for MidAmerica Apartment Communities Inc (MAA-PI).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2023-03-31
Operating Activities
Net Income	456,566,000	541,576,000	567,831,000	680,773,000
Depreciation & Amortization	622,969,000	586,402,000	565,857,000	547,761,000
Stock Based Compensation	16,839,000	15,789,000	15,699,000	0
Change in Working Capital	9,253,000	3,789,000	4,860,000	0
Operating Cash Flow	1,078,175,000	1,098,292,000	1,137,187,000	1,224,712,000
Investing Activities
Capital Expenditure	-360,238,000	-322,372,000	-539,376,000	0
Investments	-360,238,000	-322,372,000	-539,376,000	0
Investing Cash Flow	-690,218,000	-825,499,000	-775,262,000	0
Financing Activities
Debt Repayment	423,416,000	446,646,000	-121,139,000	0
Common Stock Issued/Repurchased	-25,783,000	1,230,000	205,070,000	0
Dividends Paid	-712,712,000	-690,588,000	-655,405,000	0
Financing Cash Flow	-370,743,000	-271,123,000	-367,905,000	0
Summary
Free Cash Flow	717,937,000	775,920,000	597,811,000	1,224,712,000
Net Change in Cash	17,214,000	1,670,000	-5,980,000	1,224,712,000

Cash flow annual history for MidAmerica Apartment Communities Inc (MAA-PI).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2023-03-31	2022-12-31
Operating Activities
Net Income	456,566,000	541,576,000	567,831,000	680,773,000	654,776,000
Depreciation & Amortization	622,969,000	586,402,000	565,857,000	547,761,000	544,004,000
Stock Based Compensation	16,839,000	15,789,000	15,699,000	0	18,798,000
Change in Working Capital	9,253,000	3,789,000	4,860,000	0	-16,056,000
Operating Cash Flow	1,078,175,000	1,098,292,000	1,137,187,000	1,224,712,000	1,058,479,000
Investing Activities
Capital Expenditure	-360,238,000	-322,372,000	-539,376,000	0	-296,176,000
Investments	-360,238,000	-322,372,000	-539,376,000	0	-296,176,000
Investing Cash Flow	-690,218,000	-825,499,000	-775,262,000	0	-405,236,000
Financing Activities
Debt Repayment	423,416,000	446,646,000	-121,139,000	0	-126,401,000
Common Stock Issued/Repurchased	-25,783,000	1,230,000	205,070,000	0	0
Dividends Paid	-712,712,000	-690,588,000	-655,405,000	0	-543,293,000
Financing Cash Flow	-370,743,000	-271,123,000	-367,905,000	0	-722,770,000
Summary
Free Cash Flow	717,937,000	775,920,000	597,811,000	1,224,712,000	762,303,000
Net Change in Cash	17,214,000	1,670,000	-5,980,000	1,224,712,000	-69,527,000