MAA
Mid-America Apartment Communities Inc
NYSE: MAA · REAL ESTATE · REIT - RESIDENTIAL
$129.71
-0.51% today
Updated 2026-04-29
Market cap
$15.47B
P/E ratio
39.43
P/S ratio
7.00x
EPS (TTM)
$3.29
Dividend yield
4.65%
52W range
$119 – $162
Volume
0.9M
Mid-America Apartment Communities Inc (MAA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $326.00M | $352.96M | $369.85M | $378.54M | $402.23M | $448.99M | $497.17M | $634.73M | $989.30M | $1.04B | $1.13B | $1.53B | $1.57B | $1.64B | $1.68B | $1.78B | $2.02B | $2.15B | $2.19B | $2.21B |
| Revenue growth (YoY) | — | +8.3% | +4.8% | +2.4% | +6.3% | +11.6% | +10.7% | +27.7% | +55.9% | +5.4% | +7.9% | +35.9% | +2.8% | +4.4% | +2.3% | +6.0% | +13.6% | +6.4% | +2.0% | +0.8% |
| Cost of revenue | $75.83M | $227.07M | $155.31M | $159.71M | $280.01M | $299.55M | $336.64M | $463.69M | $727.25M | $726.15M | $780.41M | $1.11B | $1.13B | $1.16B | $1.20B | $1.26B | $1.33B | $1.40B | $1.48B | $1.51B |
| Gross profit | $326.00M | $120.27M | $214.70M | $218.84M | $100.13M | $110.24M | $139.25M | $171.79M | $265.08M | $316.62M | $344.94M | $414.96M | $439.37M | $476.32M | $474.37M | $517.75M | $687.71M | $747.48M | $713.27M | $703.07M |
| Gross margin | 100.0% | 34.1% | 58.1% | 57.8% | 24.9% | 24.6% | 28.0% | 27.1% | 26.8% | 30.4% | 30.7% | 27.1% | 28.0% | 29.0% | 28.3% | 29.1% | 34.0% | 34.8% | 32.6% | 31.8% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $11.89M | $10.81M | $28.73M | $28.73M | $12.35M | $18.12M | $13.76M | $15.57M | $20.91M | $25.72M | $29.04M | $40.19M | $38.85M | $43.84M | $46.86M | $52.88M | $58.83M | $58.58M | $56.52M | $54.81M |
| Operating income | $87.33M | $91.55M | $95.90M | $93.33M | $85.27M | $88.80M | $123.90M | $117.33M | $230.23M | $290.91M | $272.15M | $354.78M | $400.51M | $432.47M | $427.51M | $464.87M | $628.88M | $688.90M | $656.75M | $619.44M |
| Operating margin | 26.8% | 25.9% | 25.9% | 24.7% | 21.2% | 19.8% | 24.9% | 18.5% | 23.3% | 27.9% | 24.2% | 23.2% | 25.5% | 26.4% | 25.5% | 26.1% | 31.1% | 32.1% | 30.0% | 28.0% |
| EBITDA | $194.27M | $180.26M | $189.08M | $192.67M | $191.30M | $205.73M | $252.36M | $306.90M | $572.68M | $769.66M | $679.09M | $991.08M | $896.39M | $1.05B | $945.08M | $1.25B | $1.35B | $1.29B | $1.30B | $1.32B |
| EBITDA margin | 59.6% | 51.1% | 51.1% | 50.9% | 47.6% | 45.8% | 50.8% | 48.4% | 57.9% | 73.8% | 60.3% | 64.8% | 57.0% | 63.8% | 56.3% | 70.5% | 66.6% | 59.9% | 59.3% | 59.7% |
| EBIT | $112.85M | $91.55M | $95.90M | $94.28M | $84.61M | $86.41M | $120.17M | $117.22M | $270.94M | $474.76M | $355.81M | $496.54M | $405.39M | $548.51M | $433.40M | $720.01M | $801.74M | $720.08M | $713.41M | $695.97M |
| Interest expense | $20.95M | $39.95M | $62.01M | $57.09M | $56.00M | $58.61M | $58.75M | $78.98M | $123.95M | $122.34M | $129.95M | $154.75M | $173.59M | $179.85M | $167.56M | $156.88M | $154.75M | $149.23M | $168.54M | $185.26M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $20.95M | $39.95M | $30.25M | $37.21M | $29.76M | $48.82M | $105.22M | $115.28M | $147.98M | $332.29M | $212.22M | $328.38M | $222.90M | $353.81M | $254.62M | $533.79M | $637.44M | $552.81M | $527.54M | $446.91M |
| Net income growth (YoY) | — | +90.7% | -24.3% | +23.0% | -20.0% | +64.0% | +115.5% | +9.6% | +28.4% | +124.5% | -36.1% | +54.7% | -32.1% | +58.7% | -28.0% | +109.6% | +19.4% | -13.3% | -4.6% | -15.3% |
| Profit margin | 6.4% | 11.3% | 8.2% | 9.8% | 7.4% | 10.9% | 21.2% | 18.2% | 15.0% | 31.9% | 18.9% | 21.5% | 14.2% | 21.6% | 15.2% | 30.0% | 31.6% | 25.7% | 24.1% | 20.2% |