Mid-America Apartment Communities (NYSE: MAA) financial statements
The consolidated income statement, balance sheet and cash flow statement of Mid-America Apartment Communities for its last 10 fiscal years, as filed with the regulator, in millions of US dollars. At the end of fiscal 2025 it had $11,975m in total assets and $5,663m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2,209m | $2,191m | $2,148m | $2,020m | $1,778m | $1,678m | $1,641m | $1,571m | $497.2m | $430.8m |
| Operating profit | $644.3m | $713.4m | $720.1m | $801.7m | $720.0m | $433.4m | $548.5m | $405.4m | $130.3m | $95.2m |
| Finance costs | $185.3m | $168.5m | $149.2m | $154.7m | $156.9m | $167.6m | $179.8m | $173.6m | $58.8m | $58.6m |
| Profit before tax | $459.1m | $544.9m | $570.8m | $647.0m | $563.1m | $265.8m | $368.7m | $231.8m | $67.8m | $35.4m |
| Income tax | $4.6m | $5.2m | $4.7m | $6.2m | $13.6m | $3.3m | $3.7m | $2.6m | — | — |
| Net profit | $446.9m | $527.5m | $552.8m | $637.4m | $533.8m | $255.0m | $353.8m | $222.9m | $105.2m | $48.8m |
| Earnings per share | $3.79 | $4.49 | $4.71 | $5.49 | $4.62 | $2.20 | $3.07 | $1.93 | $2.56 | $1.32 |
| Diluted earnings per share | $3.78 | $4.49 | $4.71 | $5.48 | $4.61 | $2.19 | $3.07 | $1.93 | $2.56 | $1.31 |
| Depreciation and amortisation | $623.0m | $586.4m | $565.9m | $544.0m | $534.4m | $511.7m | $497.8m | $491.0m | $132.2m | $119.3m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $11,975m | $11,812m | $11,485m | $11,241m | $11,285m | $11,195m | $11,230m | $11,324m | $2,751m | $2,530m |
| Goodwill | — | — | — | — | — | — | — | — | $4.1m | $4.1m |
| Cash | $60.3m | $43.0m | $41.3m | $38.7m | $54.3m | $25.2m | $20.5m | $34.3m | $8.9m | $57.2m |
| Total liabilities | $6,136m | $5,665m | $5,185m | $5,031m | $5,101m | $5,091m | $4,927m | $4,942m | $1,801m | $1,783m |
| Equity | $5,663m | $5,942m | $6,094m | $6,005m | $5,965m | $5,872m | $6,069m | $6,150m | $914.1m | $718.3m |
| Equity including minorities | $5,819m | $6,125m | $6,280m | $6,190m | $6,154m | $6,088m | $6,289m | $6,372m | $945.1m | $743.5m |
| Minority interests | $156.4m | $183.3m | $185.9m | $184.7m | $188.7m | $216.8m | $220.9m | $222.3m | $14.8m | $13.4m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1,078m | $1,098m | $1,137m | $1,058m | $895.0m | $823.9m | $781.4m | $734.3m | $211.0m | $172.3m |
| Investing cash flow | −$690.2m | −$825.5m | −$775.3m | −$405.2m | −$253.6m | −$484.7m | −$238.3m | −$366.4m | −$329.2m | −$442.2m |
| Financing cash flow | −$370.7m | −$271.1m | −$367.9m | −$722.8m | −$546.4m | −$374.1m | −$524.3m | −$405.1m | $70.0m | $281.2m |
| Dividends paid | −$709.0m | −$686.9m | −$651.7m | −$539.6m | −$470.4m | −$457.4m | −$437.7m | −$419.8m | −$107.7m | −$92.0m |
Where each figure comes from
From the annual report (Form 10-K) that Mid-America Apartment Communities files with the SEC. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2012 · 2011. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the Mid-America Apartment Communities page.
Dividend per share of Mid-America Apartment Communities by fiscal year, with the filing behind every figure: Mid-America Apartment Communities dividend history.
Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.