Mid-Amer Apt Cmntys Inc Financials
Mid-Amer Apt Cmntys Inc (MAA) reported $2.2B in revenue for fiscal year 2025, up 0.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Stable property cash flow is being offset by rising financing and non-cash asset charges, pressuring reported earnings despite steady revenue.
Over the last two valid years, operating cash flow slipped only5.2% while net income fell19.2% . That gap tracks with higher interest expense and depreciation, implying the assets still convert rent into cash even as financing and non-cash charges take a larger share of reported profit.
Debt to equity moved from 0.9x to 1.1x over the last two years, showing asset growth is leaning more on liabilities than on retained equity. At the same time, return on assets eased to
In the latest year, the company paid
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mid-Amer Apt Cmntys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Mid-Amer Apt Cmntys Inc, and counted as zero in the overall score.
Not available for Mid-Amer Apt Cmntys Inc, and counted as zero in the overall score.
Mid-Amer Apt Cmntys Inc passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Mid-Amer Apt Cmntys Inc generates $2.41 in operating cash flow ($1.1B OCF vs $446.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Mid-Amer Apt Cmntys Inc generated $2.2B in revenue in fiscal year 2025. This represents an increase of 0.8% from the prior year.
Mid-Amer Apt Cmntys Inc reported $446.9M in net income in fiscal year 2025. This represents a decrease of 15.3% from the prior year.
Mid-Amer Apt Cmntys Inc earned $3.78 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 15.8% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Mid-Amer Apt Cmntys Inc held $60.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Mid-Amer Apt Cmntys Inc paid $6.08 per share in dividends in fiscal year 2025. This represents an increase of 2.5% from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Mid-Amer Apt Cmntys Inc's net profit margin was 20.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 3.8 percentage points from the prior year.
Mid-Amer Apt Cmntys Inc's ROE was 7.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.0 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Mid-Amer Apt Cmntys Inc spent $27.2M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
MAA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY12 | FY11 | FY10 | FY09 | FY08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B+0.8% | $2.2B+2.0% | $2.1B+6.4% | $2.0B+13.6% | $1.8B+6.0% | $1.7B+2.3% | $1.6B+4.4% | $1.6B+2.8% | $1.5B | $446.5M+15.8% | $385.6M+14.5% | $336.9M-10.0% | $374.4M+1.2% | $370.0M |
| SG&A Expenses | $55.9M | $54.8M-3.0% | $56.5M-3.5% | $58.6M-0.4% | $58.8M+11.2% | $52.9M+12.9% | $46.9M+6.9% | $43.8M+12.8% | $38.9M-3.3% | $40.2M | $11.5M-20.8% | $14.5M+29.5% | $11.2M-1.2% | $11.3M-4.4% | $11.8M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $115.9M+37.3% | $84.4M+15.5% | $73.1M-20.8% | $92.2M-3.8% | $95.9M |
| Interest Expense | $191.5M | $185.3M+9.9% | $168.5M+12.9% | $149.2M-3.6% | $154.7M-1.4% | $156.9M-6.4% | $167.6M-6.8% | $179.8M+3.6% | $173.6M+12.2% | $154.8M | $52.2M+2.0% | $51.2M-4.8% | $53.8M-5.6% | $57.0M-8.1% | $62.0M |
| Income Tax | $9.1M | $4.6M-12.3% | $5.2M+10.5% | $4.7M+176.4% | -$6.2M-145.5% | $13.6M+309.9% | $3.3M-10.0% | $3.7M+41.6% | $2.6M-0.3% | $2.6M | N/A | N/A | N/A | N/A | N/A |
| Net Income | $389.6M | $446.9M-15.3% | $527.5M-4.6% | $552.8M-13.3% | $637.4M+19.4% | $533.8M+109.4% | $255.0M-27.9% | $353.8M+58.7% | $222.9M-32.1% | $328.4M | $98.7M+112.3% | $46.5M+145.1% | $19.0M-49.0% | $37.2M+23.0% | $30.2M |
| EPS (Diluted) | — | $3.78-15.8% | $4.49-4.7% | $4.71-14.1% | $5.48+18.9% | $4.61+110.5% | $2.19-28.7% | $3.07+59.1% | $1.93-32.5% | $2.86 | $2.56+95.4% | $1.31+133.9% | $0.56-34.1% | $0.85+32.8% | $0.64 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2013, FY2014, FY2015, FY2016.
MAA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY12 | FY11 | FY10 | FY09 | FY08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $12.0B+1.4% | $11.8B+2.9% | $11.5B+2.2% | $11.2B-0.4% | $11.3B+0.8% | $11.2B-0.3% | $11.2B-0.8% | $11.3B | N/A | $2.8B+18.5% | $2.3B+6.7% | $2.2B+9.5% | $2.0B | N/A |
| Cash & Equivalents | $60.3M+40.1% | $43.0M+4.1% | $41.3M+6.9% | $38.7M-28.8% | $54.3M+115.5% | $25.2M+23.1% | $20.5M-40.2% | $34.3M+218.7% | $10.8M | $9.1M-84.2% | $57.3M+25.2% | $45.8M+235.0% | $13.7M+45.0% | $9.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $4.1M0.0% | $4.1M0.0% | $4.1M0.0% | $4.1M | N/A |
| Total Liabilities | $6.1B+8.3% | $5.7B+9.2% | $5.2B+3.1% | $5.0B-1.4% | $5.1B+0.2% | $5.1B+3.3% | $4.9B-0.3% | $4.9B | N/A | $1.8B+1.5% | $1.8B+8.8% | $1.6B+6.6% | $1.5B | N/A |
| Total Equity | $5.7B-4.7% | $5.9B-2.5% | $6.1B+1.5% | $6.0B+0.7% | $6.0B+1.6% | $5.9B-3.2% | $6.1B-1.3% | $6.1B-6.5% | $6.6B | $914.1M+27.2% | $718.3M+38.5% | $518.5M+20.4% | $430.6M-2.7% | $442.6M |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt, Retained Earnings.
No annual filing on record for: FY2013, FY2014, FY2015, FY2016.
MAA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY12 | FY11 | FY10 | FY09 | FY08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.0B | $1.1B-1.8% | $1.1B-3.4% | $1.1B+7.4% | $1.1B+18.3% | $895.0M+8.6% | $823.9M+5.4% | $781.4M+6.4% | $734.3M+11.1% | $660.8M | $191.8M+26.1% | $152.1M+30.1% | $116.9M-16.6% | $140.3M+0.4% | $139.8M |
| Investing Cash Flow | -$751.4M | -$690.2M+16.4% | -$825.5M-6.5% | -$775.3M-91.3% | -$405.2M-59.8% | -$253.6M+47.7% | -$484.7M-103.4% | -$238.3M+35.0% | -$366.4M-24.5% | -$294.2M | -$303.3M+22.8% | -$392.9M-55.4% | -$252.8M-64.2% | -$154.0M+37.1% | -$244.9M |
| Financing Cash Flow | -$264.4M | -$370.7M-36.7% | -$271.1M+26.3% | -$367.9M+49.1% | -$722.8M-32.3% | -$546.4M-46.0% | -$374.1M+28.6% | -$524.3M-29.4% | -$405.1M-1.4% | -$399.5M | $63.2M-74.9% | $252.2M+50.1% | $168.0M+829.7% | $18.1M-81.4% | $97.3M |
| Dividends Paid | $710.8M | $709.0M+3.2% | $686.9M+5.4% | $651.7M+20.8% | $539.6M+14.7% | $470.4M+2.9% | $457.4M+4.5% | $437.7M+4.3% | $419.8M+6.2% | $395.3M | $107.7M+17.1% | $92.0M+19.3% | $77.1M+11.0% | $69.5M+5.6% | $65.8M |
| Share Buybacks | N/A | $27.2M | $0 | $0 | N/A | N/A | N/A | N/A | N/A | N/A | $2.0M-21.9% | $2.5M+116.9% | $1.2M+21.9% | $964K+42.0% | $679K |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2013, FY2014, FY2015, FY2016.
MAA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY12 | FY11 | FY10 | FY09 | FY08 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 25.9%+4.1pp | 21.9%+0.2pp | 21.7%-2.9pp | 24.6%-1.3pp | 25.9% |
| Net Margin | 20.2%-3.8pp | 24.1%-1.6pp | 25.7%-5.8pp | 31.6%+1.5pp | 30.0%+14.8pp | 15.2%-6.4pp | 21.6%+7.4pp | 14.2%-7.3pp | 21.5% | 22.1%+10.0pp | 12.1%+6.4pp | 5.6%-4.3pp | 9.9%+1.8pp | 8.2% |
| Return on Equity | 7.9%-1.0pp | 8.9%-0.2pp | 9.1%-1.5pp | 10.6%+1.7pp | 8.9%+4.6pp | 4.3%-1.5pp | 5.8%+2.2pp | 3.6%-1.4pp | 5.0% | 10.8%+4.3pp | 6.5%+2.8pp | 3.7%-5.0pp | 8.6%+1.8pp | 6.8% |
| Return on Assets | 3.7%-0.7pp | 4.5%-0.3pp | 4.8%-0.9pp | 5.7%+0.9pp | 4.7%+2.5pp | 2.3%-0.9pp | 3.1%+1.2pp | 2.0% | N/A | 3.6%+1.6pp | 2.0%+1.1pp | 0.9%-1.0pp | 1.9% | N/A |
| Debt-to-Equity | 1.08+0.1x | 0.95+0.1x | 0.850.0x | 0.840.0x | 0.860.0x | 0.87+0.1x | 0.810.0x | 0.80 | N/A | 1.97-0.5x | 2.47-0.7x | 3.15-0.4x | 3.56 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio, FCF Margin.
No annual filing on record for: FY2013, FY2014, FY2015, FY2016.
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Where Mid-Amer Apt Cmntys Inc Ranks
Frequently Asked Questions
What is Mid-Amer Apt Cmntys Inc's annual revenue?
Mid-Amer Apt Cmntys Inc (MAA) reported $2.2B in total revenue for fiscal year 2025. This represents a 0.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mid-Amer Apt Cmntys Inc's revenue growing?
Mid-Amer Apt Cmntys Inc (MAA) revenue grew by 0.8% year-over-year, from $2.2B to $2.2B in fiscal year 2025.
Is Mid-Amer Apt Cmntys Inc profitable?
Yes, Mid-Amer Apt Cmntys Inc (MAA) reported a net income of $446.9M in fiscal year 2025, with a net profit margin of 20.2%.
What is Mid-Amer Apt Cmntys Inc's net profit margin?
Mid-Amer Apt Cmntys Inc (MAA) had a net profit margin of 20.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Mid-Amer Apt Cmntys Inc pay dividends?
Yes, Mid-Amer Apt Cmntys Inc (MAA) paid $6.08 per share in dividends during fiscal year 2025.
What is Mid-Amer Apt Cmntys Inc's return on equity (ROE)?
Mid-Amer Apt Cmntys Inc (MAA) has a return on equity of 7.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Mid-Amer Apt Cmntys Inc's operating cash flow?
Mid-Amer Apt Cmntys Inc (MAA) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mid-Amer Apt Cmntys Inc's total assets?
Mid-Amer Apt Cmntys Inc (MAA) had $12.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Mid-Amer Apt Cmntys Inc's debt-to-equity ratio?
Mid-Amer Apt Cmntys Inc (MAA) had a debt-to-equity ratio of 1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mid-Amer Apt Cmntys Inc's return on assets (ROA)?
Mid-Amer Apt Cmntys Inc (MAA) had a return on assets of 3.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Mid-Amer Apt Cmntys Inc's Piotroski F-Score?
Mid-Amer Apt Cmntys Inc (MAA) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mid-Amer Apt Cmntys Inc's earnings high quality?
Mid-Amer Apt Cmntys Inc (MAA) has an earnings quality ratio of 2.41x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Mid-Amer Apt Cmntys Inc?
Mid-Amer Apt Cmntys Inc (MAA) scores 39 out of 100 on our Financial Health Score, indicating weak standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.