Saturday 17 October 2026 Export MAA’s income statement to Excel — free account

Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 0.83% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 13.0%, free cash flow fell 3.86% and total debt rose 12.8%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for ten; insiders bought in the last twelve months.

116.52 0.25 +0.22%

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Market cap: $13.8B
P/E: 34.1×
Fwd P/E: 40.5×
Dividend yield: 5.25%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 0.24

Total sells 1.16

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	—	—	—	1	—	—	—	—	—
Sell	—	—	9	—	—	4	1	—	—	—	—	—

Insider Ownership 0.87%

Capital & Financial Ratios $m

Market Cap 13,830.00

Revenue 2,218.78

Net Income 410.71

Free Cash Flow 553.94

Net Debt 5,626.90

Current Ratio 0.09

Debt/Equity 1.02

P/E ratio 34.07

Fwd P/E 40.50

P/S ratio 6.10

P/B ratio 2.42

Past 5Y EPS Growth 11.53%

This Y EPS Growth (3.13%)

Next Y EPS Growth (14.38%)

Next Y revenue growth 0.90%

Next 5Y EPS Growth (2.88%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 41.95%

10-year low 10-year high

P/S against its own 10 years 0.59%

10-year low 10-year high

P/B against its own 10 years 45.34%

10-year low 10-year high

EV/Sales against its own 10 years 0.81%

10-year low 10-year high

EV/FCF against its own 10 years 47.81%

10-year low 10-year high

Dividends

Payout Ratio 1.79

Annual Dividend Rate 6.12

Annual Dividend Yield 5.25%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	6.12	1.53 1.53 1.53 1.53
2025	6.06	1.52 1.52 1.52 1.52
2024	5.88	1.47 1.47 1.47 1.47
2023	8.06	1.40 1.06 1.40 1.40 1.40 1.40
2022	4.68	1.09 1.09 1.25 1.25
2021	5.16	1.03 1.06 1.03 1.03 1.03
2020	4.00	1.00 1.00 1.00 1.00
2019	3.84	0.96 0.96 0.96 0.96
2018	3.69	0.92 0.92 0.92 0.92
2017	3.48	0.87 0.87 0.87 0.87
2016	3.28	0.82 0.82 0.82 0.82

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	55	57	74	65
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	55	57	74	65

	2023	2024	2025	Q'26
Payables	—	—	—	—
ST’ Debt	—	—	—	—
Other	—	—	—	—
	645	684	730	701

Compound Annual Growth %

	10y	5y	3y
Sales	7.80%	5.65%	3.03%
Cash Flow	8.80%	5.53%	0.62%
Earnings	2.92%	12.02%	(11.24%)
Book Value	6.30%	(0.90%)	(2.04%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	554	555	—	—	—
’25	549	550	554	556	2,209
’24	544	546	551	550	2,191
’23	529	535	542	542	2,148
’22	476	495	521	528	2,020
’21	425	437	453	464	1,778
’20	418	413	423	424	1,678

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	150	333	—	—	—
’25	197	353	266	262	1,078
’24	200	349	310	239	1,098
’23	218	336	318	265	1,137
’22	180	284	343	251	1,058
’21	148	249	281	217	895
’20	161	229	254	180	824

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	103	246	—	—	—
’25	205	256	75	130	666
’24	148	168	118	125	559
’23	133	237	231	(26)	575
’22	136	343	22	310	811
’21	100	282	201	280	862
’20	72	122	161	190	544

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.06	1.04	—	—	—
’25	1.54	0.92	0.84	0.48	3.78
’24	1.22	0.86	0.98	1.42	4.49
’23	1.16	1.24	0.94	1.37	4.71
’22	0.95	1.82	1.05	1.67	5.48
’21	0.40	1.88	0.73	1.60	4.61
’20	0.31	0.65	0.52	0.72	2.19

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	82.91	92.50	85.16	92.19	82.00	122.15	141.13	115.56	121.51	125.75	Analyst estimates 2026–2028 Powerpack
	High	110.01	110.95	104.98	140.15	148.88	231.63	230.71	176.36	167.39	173.38
People
People	Employees	2,528	2,464	2,552	2,513	2,530	2,429	2,387	2,427	2,532	2,507
	Revenue/emp, $m	0.45	0.62	0.62	0.65	0.66	0.73	0.85	0.89	0.87	0.88
Income, $m
Income, $m	Revenue	1,125	1,529	1,571	1,641	1,678	1,778	2,020	2,148	2,191	2,209
	Gross margin, %	59.35	59.43	59.13	59.30	58.71	59.12	60.93	61.09	59.28	58.69
	EBT	226	342	232	369	266	563	647	571	545	459
	EBT margin, %	20.07	22.35	14.75	22.47	15.84	31.67	32.03	26.57	24.87	20.78
	Net income	224	341	231	367	264	551	655	568	542	457
	Depreciation	313	485	486	504	517	540	550	572	592	630
Per share, $
Per share, $	Revenue	14.34	13.48	13.83	14.41	14.69	15.50	17.51	18.44	18.76	18.89
	Earnings	2.70	2.86	1.93	3.07	2.20	4.62	5.49	4.71	4.49	3.79
	Cash flow	6.18	5.83	6.46	6.86	7.22	7.80	9.18	9.76	9.41	9.22
	Capex	(2.89)	(2.58)	(3.21)	(1.06)	(2.45)	(0.28)	(2.14)	(4.82)	(4.62)	(3.53)
	Free cash flow	3.29	3.25	3.26	5.81	4.76	7.52	7.03	4.94	4.79	5.69
	Book value	84.61	57.97	56.07	55.24	53.32	53.64	53.66	53.90	52.45	49.76
	Shares, m	79	113	114	114	114	115	115	117	117	117
Valuation, ×
Valuation, ×	P/E	35.52	34.83	49.59	43.09	57.59	49.77	28.31	28.84	34.50	36.65
	P/S	6.79	7.39	6.92	9.15	8.62	14.80	8.88	7.37	8.24	7.35
	P/B	1.15	1.72	1.71	2.39	2.38	4.28	2.90	2.52	2.95	2.79
	EV/Sales	10.68	10.27	9.77	11.82	11.32	17.27	11.03	9.45	10.49	9.77
	EV/FCF	46.54	42.68	41.48	29.35	34.91	35.61	27.46	35.30	41.09	32.41
Cash, $m
Cash, $m	Operating cash flow	485	661	734	781	824	895	1,058	1,137	1,098	1,078
	Capex	(227)	(293)	(364)	(120)	(280)	(33)	(247)	(562)	(539)	(412)
	Free cash flow	258	368	370	661	544	862	811	575	559	666
Balance, $m
Balance, $m	Working capital	(331)	(317)	(362)	(402)	(493)	(454)	(555)	(590)	(627)	(656)
	Total debt	4,500	4,502	4,528	4,455	4,563	4,517	4,415	4,540	4,981	5,405
	Net debt	4,378	4,413	4,477	4,384	4,527	4,386	4,354	4,485	4,924	5,331
	Shareholders’ equity	6,642	6,574	6,372	6,289	6,088	6,154	6,190	6,280	6,125	5,819
Returns, %
Returns, %	ROA	2.30	2.81	1.92	3.10	2.24	4.72	5.63	4.83	4.50	3.73
	ROIC	1.56	2.02	2.31	2.53	2.52	2.76	3.73	4.00	3.71	3.47
	ROE	4.32	4.91	3.39	5.53	4.06	8.66	10.27	8.81	8.45	7.42

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
VMRK Vivmark Residential	$47.3B	26.5×	49.7×	+2.11% (above 0%: growing)	−41.18% (below 0%: shrinking)	+298.73% (above 0%: growing)	61.38%	25.75%	Compare
ESS Essex Property Trust, Inc.	$17.9B	41.9×	47.4×	+4.09% (above 0%: growing)	−71.80% (below 0%: shrinking)	+21.02% (above 0%: growing)	68.42%	22.36%	Compare
UDR United Dominion Realty Trust, Inc.	$17.9B	21.7×	46.5×	0.00%	+90.91% (above 0%: growing)	−27.77% (below 0%: shrinking)	62.41%	27.23%	Compare
INVH Invitation Home	$15.8B	24.8×	39.7×	+9.71% (above 0%: growing)	+60.87% (above 0%: growing)	+41.97% (above 0%: growing)	55.10%	24.62%	Compare
SUI Sun Communities, Inc.	$14.1B	— (loss-making)	54.0×	+8.02% (above 0%: growing)	n/m	−12.76% (below 0%: shrinking)	55.40%	12.25%	Compare
MAA Mid-America Apartment Communities, Inc.	$13.8B	34.1×	40.5×	+0.95% (above 0%: growing)	+13.04% (above 0%: growing)	−3.86% (below 0%: shrinking)	57.37%	25.36%
CPT Camden Property Trust	$13.3B	32.7×	102×	−0.90% (below 0%: shrinking)	−75.68% (below 0%: shrinking)	−1,195.62% (below 0%: shrinking)	64.13%	12.20%	Compare
ELS Equity Lifestyle Properties, Inc.	$12.1B	29.4×	30.8×	+5.56% (above 0%: growing)	+19.05% (above 0%: growing)	+14.74% (above 0%: growing)	51.52%	32.00%	Compare
AMH American Homes 4 Rent	$11.1B	24.8×	44.5×	+2.75% (above 0%: growing)	+10.71% (above 0%: growing)	+24.76% (above 0%: growing)	58.35%	25.92%	Compare
Median of peers	$15.0B	26.5×	47.0×	+3.42%	+10.71%	+17.88%	59.87%	25.19%

All 19 Reit Residential stocks →

Mid-America Apartment Communities, Inc. (MAA) key facts

Concern: Net income was $456.6 million, or $3.79 per share (basic), a net margin of 20.1%.
Strength: Mid-America Apartment Communities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 0.83% from fiscal 2024.
Mid-America Apartment Communities, Inc. (MAA) is a Reit Residential company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, MAA traded at $116.52, a market capitalization of $13.8 billion.
At that price the stock trades at 34.1× trailing-twelve-month earnings and 6.1× sales; its P/E is higher than 42% of its own readings over the past ten years.
Mid-America Apartment Communities, Inc. pays an annual dividend of $6.12 per share, a yield of 5.25%, with a payout ratio of 179.0%.
Return on equity was 7.42% and debt-to-equity 1.02.
Its Piotroski F-score is 4 out of 9 for fiscal 2025.