Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities, Inc.

MAA-PI
Mid-America Apartment Communities, Inc.US flagNew York Stock Exchange
51.10
USD
+0.20
- -
15.09BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
41.68
40.62
41.99
58.6
57.94
56.06
55.18
53.37
53.62
53.78
53.98
52.6
49.96
47
Tangible Book Value per Share
40.95
40.48
41.88
58.23
57.88
56.02
55.15
53.36
53.61
53.78
53.98
52.6
49.96
47
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
635
992
1,043
1,125
1,529
1,571
1,641
1,678
1,778
2,020
2,148
2,191
2,209
2,219
Operating Margin (%)
24.58
24.61
27.9
28.07
24.51
25.49
26.35
25.48
26.14
31.13
32.06
29.97
28.04
26.88
Depreciation Expense
190
302
295
323
495
491
498
512
534
544
566
586
623
642
Net Income, GAAP
115
148
332
212
328
223
354
255
534
637
553
528
447
403
Effective Tax Rate (%)
2.33
1.39
0.47
0.75
0.77
1.13
1
1.25
2.42
- -
0.83
0.96
1
2.14
Profit Margin (%)
18.14
14.91
31.87
18.86
21.48
14.19
21.56
15.19
30.02
31.56
25.73
24.08
20.23
18.17
Working Capital
-49
-173
-169
-331
-721
-902
-472
-665
-454
-497
-1,006
-792
-1,214
-1,300
LT Debt
3,473
3,513
3,428
4,500
4,092
3,988
4,385
4,391
4,517
4,424
4,073
4,757
4,754
5,028
Total Equity
3,119
3,058
3,166
6,652
6,584
6,382
6,304
6,104
6,184
6,210
6,299
6,148
5,840
5,602
Return on Invested Capital (%)
3.3
3.64
4.35
3.42
3.27
3.6
3.95
3.94
4.25
- -
6.26
5.83
5.4
5.2
Return on Capital (%)
4.08
3.96
6.55
3.59
4.13
3.51
4.79
3.84
6.27
- -
6.37
6.18
5.54
5.27
Return on Common Equity (%)
5.67
4.79
10.68
4.32
4.91
3.38
5.52
4.05
8.63
10.23
8.78
8.42
7.39
7.03

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
676
727
664
LT Borrowings
4,729
4,929
5,028
LT Finance Leases
24
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
117
116
116
Market Capitalization
6,253
6,233
6,303

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
120
112
65
Cash, Cash Equivalents & STI
60
72
52
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
1,335
1,357
1,365
Payables & Accruals
592
629
701
ST Debt
676
727
664
Deferred Revenue
66
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.74%
-0.85%
-5.01%
Free Cash Flow
9.29%
5.82%
-1.83%
Net Income, GAAP
11.29%
19.13%
-15.28%
Sales/Revenue/Turnover
8.2%
5.75%
0.83%
Total Cash Common Dividend
12.81%
9.39%
3.22%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
544
546
551
550
2,191
2025
549
550
554
556
2,209
2026
554
555
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Adrian Bradley Hill
Full Time Employees
2,507
Sector
Real Estate
Industry
REIT - Residential
Address
6815 Poplar Avenue Germantown TN United States of America 38138-3606
IPO Date
Dec 7, 2016
Website
maac.com
Business
Mid-America Apartment Communities, Inc. (MAA) operates as a self-administered real estate investment trust (REIT) focused on the ownership, selective development, redevelopment, acquisition, and management of high-quality multifamily apartment communities primarily in the Southeast, Southwest, and Mid-Atlantic regions of the United States; the company owns or has ownership interests in approximately 104,600 apartment units across nearly 300 communities in 16 states and the District of Columbia, offering residents amenity-rich properties with smart home technology, EV charging stations, 24-hour on-call services, and sustainable features such as LED lighting retrofits and green certifications in over 15% of its portfolio. Founded in 1977 and headquartered in Germantown, Tennessee, MAA maintains regional offices in Atlanta, Charlotte, Dallas, Jacksonville, Nashville, and other key markets to support its operations, which emphasize full-cycle investment performance through Same Store portfolio management, Non-Same Store activities including recent acquisitions and developments, and interior redevelopment programs that enhance effective rents by an average of $106 per unit. In recent developments, MAA completed multiple projects including the developments of MAA Milepost 35 in Denver, Colorado, and Novel Val Vista in Phoenix, Arizona in fourth-quarter 2024 while starting a 219-unit phase II expansion at Milepost 35; the company acquired a 386-unit community in Dallas, Texas for $106 million and a 3-acre land parcel in Raleigh, North Carolina for $5 million in late 2024, alongside dispositions of properties in Charlotte, North Carolina and Richmond, Virginia, and issued $350 million in unsecured notes due 2035; as of December 31, 2024, MAA had seven communities under development with $851.5 million in total expected costs and eight lease-up communities totaling 2,763 units at 69.7% occupancy, reflecting ongoing portfolio optimization amid improving supply-demand dynamics into 2025.