Mid-America Apartment Communities financials
$118.43+0.08%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.21B | $2.19B | $2.15B | $2.02B | $1.78B | $1.68B | $1.64B | $1.57B | $1.53B | $1.13B |
| Gross profit | $1.69B | $1.69B | $1.69B | $2.02B | $1.78B | $1.68B | $1.64B | $1.57B | $1.53B | $844.8M |
| Gross margin | 76.5% | 77.1% | 78.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 75.1% |
| Operating income | $619.4M | $656.8M | $688.9M | $628.9M | $464.9M | $427.5M | $432.5M | $391.4M | $354.8M | $275.1M |
| Net income | $443.2M | $523.9M | $549.1M | $633.7M | $530.1M | $251.3M | $350.1M | $219.2M | $324.7M | $211.9M |
| Net margin | 20.1% | 23.9% | 25.6% | 31.4% | 29.8% | 15.0% | 21.3% | 14.0% | 21.2% | 18.8% |
| Diluted EPS | $3.78 | $4.49 | $4.71 | $5.48 | $4.62 | $2.19 | $3.07 | $1.93 | $2.86 | $2.69 |
| EBITDA | $1.24B | $1.24B | $1.25B | $1.17B | $999.3M | $939.2M | $930.3M | $891.5M | $869.3M | $598.4M |
| Operating cash flow | $1.08B | $1.10B | $1.14B | $886.4M | $895.0M | $823.9M | $781.4M | $734.3M | $660.8M | $485.0M |
| Free cash flow | $584.5M | $474.8M | $572.5M | $318.8M | $569.3M | $541.5M | $486.1M | $350.1M | $180.8M | -$38.2M |
| Diluted shares | 117.1M | 116.8M | 116.6M | 115.3M | 115.0M | 114.5M | 114.1M | 113.8M | 113.7M | 78.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $60.3M | $43.0M | $41.3M | $38.7M | $54.3M | $25.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $5.41B | $4.98B | $4.54B | $4.41B | $4.52B | $4.56B |
| Total assets | $11.98B | $11.81B | $11.48B | $11.24B | $11.29B | $11.19B |
| Total liabilities | $6.14B | $5.66B | $5.19B | $5.03B | $5.10B | $5.09B |
| Shareholders' equity | $5.82B | $6.13B | $6.28B | $6.19B | $6.15B | $6.09B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology