Mid-America Apartment Communities, Inc. (MAA)

MAA Financials

MAA Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	2.214B	553.725M	555.556M	554.373M	549.902M	549.295M	549.832M	551.126M	546.435M
Cost of Goods Sold	1.337B	205.572M	355.193M	390.897M	385.686M	374.281M	373.364M	375.548M	368.019M
Gross Profit	876.208M	348.153M	200.363M	163.476M	164.216M	175.014M	176.468M	175.578M	178.416M
Gross Profit Margin	62.9%	62.9%	36.1%	29.5%	29.9%	31.9%	32.1%	31.9%	32.7%
Total Operating Expenses	269.059M	201.047M	42.674M	12.525M	12.813M	15.619M	14.072M	12.728M	12.671M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	78.365M	39.177M	13.850M	12.525M	12.813M	15.619M	14.072M	12.728M	12.671M
Operating Income (EBIT)	607.149M	147.106M	157.689M	150.951M	151.403M	159.395M	162.396M	162.850M	165.745M
Operating Margin	26.6%	26.6%	28.4%	27.2%	27.5%	29.0%	29.5%	29.5%	30.3%
Income Before Tax (EBT)	405.053M	131.866M	58.432M	103.810M	110.945M	186.979M	172.283M	118.446M	105.213M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	191.505M	51.409M	48.708M	46.277M	45.111M	45.161M	44.192M	42.726M	41.265M
Other Income/Expense	-202.096M	-15.240M	-99.257M	-47.141M	-40.458M	27.584M	9.887M	-44.404M	-60.532M
Net Income	389.595M	124.359M	57.571M	99.538M	108.127M	181.673M	166.646M	115.195M	101.953M
Income Tax Expense	9.078M	5.521M	1.191M	1.766M	600K	1.038M	1.755M	670K	1.020M
Net Profit Margin	22.5%	22.5%	10.4%	18.0%	19.7%	33.1%	30.3%	20.9%	18.7%
EBITDA	1.229B	345.315M	266.914M	306.737M	309.744M	384.660M	367.535M	308.079M	291.655M
EBITDA Margin	62.4%	62.4%	48.0%	55.3%	56.3%	70.0%	66.8%	55.9%	53.4%
Depreciation & Amortization	632.152M	162.040M	159.774M	156.650M	153.688M	152.520M	151.060M	146.907M	145.177M
EPS Basic	3.30	1.06	0.48	0.84	0.92	1.55	1.42	0.98	0.86
EPS Diluted	3.30	1.06	0.48	0.84	0.92	1.54	1.42	0.98	0.86
Shares Outstanding	116.451M	116.451M	116.985M	116.976M	116.976M	116.840M	116.828M	116.820M	116.783M
Diluted Shares Outstanding	116.451M	116.451M	117.114M	117.163M	117.163M	117.092M	116.892M	116.820M	116.783M

MAA Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	2.209B	2.191B	2.148B	2.020B	1.778B	1.678B	1.641B	1.571B
Cost of Goods Sold	1.506B	1.478B	1.401B	1.332B	1.260B	1.204B	1.165B	1.132B
Gross Profit	703.069M	713.267M	747.480M	687.711M	517.752M	474.371M	476.318M	439.366M
Gross Profit Margin	31.8%	32.6%	34.8%	34.0%	29.1%	28.3%	29.0%	28.0%
Total Operating Expenses	83.631M	56.516M	58.578M	58.833M	52.884M	46.858M	43.845M	38.855M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.22	0.15
Selling, General & Administrative	54.807M	56.516M	58.578M	58.833M	52.884M	46.858M	43.845M	38.855M
Operating Income (EBIT)	619.438M	656.751M	688.902M	628.878M	464.868M	427.513M	432.473M	400.511M
Operating Margin	28.0%	30.0%	32.1%	31.1%	26.1%	25.5%	26.4%	25.5%
Income Before Tax (EBT)	460.166M	544.865M	570.845M	646.989M	563.128M	265.841M	368.660M	231.801M
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	185.257M	168.544M	149.234M	154.747M	156.881M	167.562M	179.847M	173.594M
Other Income/Expense	-159.272M	-111.886M	-118.057M	18.111M	98.260M	-161.672M	-63.813M	-168.710M
Net Income	446.909M	527.543M	552.806M	637.436M	533.791M	254.624M	353.811M	222.899M
Income Tax Expense	4.595M	5.240M	4.744M	-6.208M	13.637M	3.327M	3.696M	2.611M
Net Profit Margin	20.2%	24.1%	25.7%	31.6%	30.0%	15.2%	21.6%	14.2%
EBITDA	1.319B	1.300B	1.286B	1.346B	1.254B	945.081M	1.046B	896.390M
EBITDA Margin	59.7%	59.3%	59.9%	66.6%	70.5%	56.3%	63.8%	57.0%
Depreciation & Amortization	622.632M	586.402M	565.857M	544.004M	534.415M	511.678M	497.790M	490.995M
EPS Basic	3.79	4.49	4.71	5.49	4.62	2.20	3.00	1.89
EPS Diluted	3.78	4.49	4.71	5.48	4.61	2.19	2.99	1.89
Shares Outstanding	116.985M	116.776M	116.521M	115.344M	114.717M	114.188M	117.944M	117.777M
Diluted Shares Outstanding	117.114M	116.776M	116.645M	115.583M	115.039M	114.500M	118.203M	117.975M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Mid-America Apartment Communities, Inc.

Mid-America Apartment Communities, known as MAA, is a prominent S&P 500 entity operating as a Real Estate Investment Trust (REIT). Its core objective is to generate outstanding, comprehensive investment returns for its shareholders. MAA achieves this by strategically acquiring, developing, redeveloping, owning, and managing high-quality apartment complexes. These properties are primarily located across the Southeast, Southwest, and Mid-Atlantic regions of the United States. As of December 31, 2020, the company held an interest in 102,772 apartment units, a figure that includes communities currently under development, spread throughout 16 states and the District of Columbia.

Germantown, TN

2,532 employees

www.maac.com

Real Estate / REIT - Residential

Sector: Real Estate
Industry: REIT - Residential
CEO: Adrian Bradley Hill

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