Source: Mid-America Apartment Communities's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2012
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$446.55M
$1.53B
$1.57B
$1.64B
$1.68B
$1.78B
$2.02B
$2.15B
$2.19B
$2.21B
Operating income
$115.88M
—
—
—
—
—
—
—
—
—
Interest expense
$52.25M
$154.75M
$173.59M
$179.85M
$167.56M
$156.88M
$154.75M
$149.23M
$168.54M
$185.26M
Pre-tax income
$60.23M
$341.79M
$231.80M
$368.66M
$265.84M
$563.13M
$646.99M
$570.85M
$544.87M
$459.09M
Income tax
—
$2.62M
$2.61M
$3.70M
$3.33M
$13.64M
-$6.21M
$4.74M
$5.24M
$4.59M
Net income
$98.74M
$328.38M
$222.90M
$353.81M
$254.96M
$533.79M
$637.44M
$552.81M
$527.54M
$446.91M
EBITDA
$236.19M
—
—
—
—
—
—
—
—
—
EPS (basic)
$2.56
$2.86
$1.93
$3.07
$2.20
$4.62
$5.49
$4.71
$4.49
$3.79
EPS (diluted)
$2.56
$2.86
$1.93
$3.07
$2.19
$4.61
$5.48
$4.71
$4.49
$3.78
Diluted shares
42.94M
113.69M
113.84M
114.11M
114.50M
115.04M
115.58M
116.64M
116.78M
117.15M
Operating margin
25.9%
—
—
—
—
—
—
—
—
—
Net margin
22.1%
21.5%
14.2%
21.6%
15.2%
30.0%
31.6%
25.7%
24.1%
20.2%
Balance sheet
fiscal years · USD
Fiscal year
FY2012
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$9.07M
$10.75M
$34.26M
$20.48M
$25.20M
$54.30M
$38.66M
$41.31M
$43.02M
$60.26M
Goodwill
$4.11M
—
—
—
—
—
—
—
—
—
Total assets
$2.75B
—
$11.32B
$11.23B
$11.19B
$11.29B
$11.24B
$11.48B
$11.81B
$11.98B
Total liabilities
$1.80B
—
$4.94B
$4.93B
$5.09B
$5.10B
$5.03B
$5.19B
$5.66B
$6.14B
Shareholders' equity
$914.05M
$6.57B
$6.15B
$6.07B
$5.87B
$5.97B
$6.01B
$6.09B
$5.94B
$5.66B
Cash flow
fiscal years · USD
Fiscal year
FY2012
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$191.82M
$660.80M
$734.29M
$781.42M
$823.95M
$894.97M
$1.06B
$1.14B
$1.10B
$1.08B
Capital expenditures
$25.16M
$343.89M
$254.72M
$190.20M
$225.51M
$279.63M
$296.18M
$341.22M
$322.37M
$360.24M
Free cash flow
$166.66M
$316.91M
$479.58M
$591.22M
$598.44M
$615.33M
$762.30M
$795.96M
$775.92M
$717.94M
Investing cash flow
-$303.29M
-$294.21M
-$366.35M
-$238.27M
-$484.73M
-$253.59M
-$405.24M
-$775.26M
-$825.50M
-$690.22M
Financing cash flow
$63.21M
-$399.52M
-$405.14M
-$524.28M
-$374.14M
-$546.40M
-$722.77M
-$367.90M
-$271.12M
-$370.74M
Dividends paid
$107.75M
$395.29M
$419.85M
$437.74M
$457.36M
$470.40M
$539.61M
$651.72M
$686.90M
$709.02M
Share buybacks
$1.99M
—
—
—
—
—
—
$0
$0
$27.23M
Stock-based compensation
$2.00M
$10.57M
$12.44M
$13.65M
$14.33M
$16.66M
$18.80M
$15.70M
$15.79M
$16.84M
Depreciation & amortization
$120.32M
$494.54M
$491.00M
$497.79M
$511.68M
$534.41M
$544.00M
$565.86M
$586.40M
$622.97M
Income statement
quarters · USD
Quarter ended
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Revenue
$535.15M
$542.04M
$542.25M
$543.62M
$546.43M
$551.13M
$549.83M
$549.29M
$549.90M
$554.37M
$555.56M
$553.73M
Interest expense
$36.72M
$36.65M
$38.58M
$40.36M
$41.27M
$42.73M
$44.19M
$45.16M
$45.11M
$46.28M
$48.71M
$51.41M
Pre-tax income
$152.14M
$113.08M
$165.50M
$148.92M
$105.21M
$118.45M
$172.28M
$186.98M
$110.94M
$103.42M
$57.74M
$131.87M
Income tax
$2.86M
-$209.00K
$1.15M
$1.79M
$1.02M
$670.00K
$1.75M
$1.04M
$600.00K
$1.77M
$1.19M
$5.52M
Net income
$145.69M
$110.73M
$160.48M
$143.75M
$101.95M
$115.19M
$166.65M
$181.67M
$108.13M
$99.54M
$57.57M
$124.36M
EPS (basic)
$1.24
$0.94
$1.37
$1.22
$0.86
$0.98
$1.42
$1.55
$0.92
$0.84
$0.49
$1.06
EPS (diluted)
$1.24
$0.94
$1.37
$1.22
$0.86
$0.98
$1.42
$1.54
$0.92
$0.84
$0.48
$1.06
Diluted shares
116.72M
116.71M
32.00K
116.78M
116.78M
116.82M
18.00K
117.09M
117.16M
117.16M
-12.00K
116.74M
Net margin
27.2%
20.4%
29.6%
26.4%
18.7%
20.9%
30.3%
33.1%
19.7%
18.0%
10.4%
22.5%
Balance sheet
quarters · USD
Quarter ended
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Cash & equivalents
$150.16M
$161.90M
$41.31M
$54.60M
$62.83M
$50.23M
$43.02M
$55.78M
$54.48M
$32.25M
$60.26M
$71.53M
Total assets
$11.39B
$11.38B
$11.48B
$11.47B
$11.56B
$11.76B
$11.81B
$11.81B
$11.84B
$11.93B
$11.98B
$11.99B
Total liabilities
$5.02B
$5.06B
$5.19B
$5.19B
$5.36B
$5.60B
$5.66B
$5.65B
$5.75B
$5.91B
$6.14B
$6.29B
Shareholders' equity
$6.16B
$6.12B
$6.09B
$6.07B
$6.00B
$5.95B
$5.94B
$5.95B
$5.89B
$5.82B
$5.66B
$5.54B
Cash flow
quarters · USD
Quarter ended
Jun 2023
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Operating cash flow
$335.77M
$318.17M
$264.93M
$200.26M
$349.37M
$309.54M
$239.13M
$196.62M
$353.45M
$266.44M
$261.67M
$149.64M
Capital expenditures
$98.72M
$86.73M
$80.16M
$52.10M
$89.67M
$94.08M
$86.52M
$72.64M
$88.91M
$95.62M
$103.08M
$58.37M
Free cash flow
$237.05M
$231.45M
$184.78M
$148.16M
$259.70M
$215.46M
$152.61M
$123.98M
$264.54M
$170.81M
$158.60M
$91.28M
Investing cash flow
-$154.44M
-$135.72M
-$346.72M
-$93.01M
-$236.82M
-$321.76M
-$173.91M
-$61.41M
-$176.92M
-$254.37M
-$197.53M
-$122.56M
Financing cash flow
-$173.63M
-$170.84M
-$38.46M
-$94.26M
-$104.13M
-$217.00K
-$72.52M
-$122.52M
-$177.87M
-$34.25M
-$36.10M
-$16.20M
Dividends paid
$163.32M
$163.35M
$163.36M
$171.57M
$171.73M
$171.78M
$171.81M
$177.11M
$177.18M
$177.36M
$177.38M
$178.85M
Share buybacks
—
—
—
—
—
—
—
$0
—
—
—
$72.78M
Stock-based compensation
$3.17M
$3.54M
$3.40M
$5.87M
$3.40M
$3.12M
$3.39M
$5.26M
$3.47M
$3.42M
$4.70M
$5.82M
Depreciation & amortization
$139.18M
$146.86M
$141.06M
$143.26M
$145.18M
$146.91M
$151.06M
$152.52M
$153.69M
$156.82M
$159.94M
$162.04M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.