MAA

Mid-America Apartment Communities

Real Estate

Multi-Family Residential REITs

Memphis, Tennessee

Last filing: Feb 6, 2026 (FY2025)

Balance Sheet 6 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
BS_Assets_Cash	$0	$43.0M	$41.3M	$38.7M	$54.3M
BS_Liab_LongTermDebt	$0	$0	$0	$0	$0
BS_Equity_PreferredStock	$0	$9.0K	$9.0K	$9.0K	$9.0K
BS_Equity_CommonStock	$0	$1.2M	$1.2M	$1.2M	$1.2M
BS_Equity_APIC	$18.3M	$7.4B	$7.4B	$7.2B	$7.2B
BS_Equity_TreasuryStock	$132	—	—	—	—

Income Statement 15 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
IS_Revenue_Total	$2.2B	$2.2B	$2.1B	$2.0B	$1.8B
IS_Expense_SGA	$54.8M	$56.5M	$58.6M	$58.8M	$52.9M
IS_Expense_DA	$623.0M	$586.4M	$565.9M	$544.0M	$534.4M
IS_Expense_SBC	$16.8M	$15.8M	$15.7M	$18.8M	$16.7M
IS_Expense_TotalOpex	$837.8M	$820.1M	$768.1M	$723.7M	—
IS_InterestExpense	$185.3M	$168.5M	$149.2M	$154.7M	$156.9M
IS_OtherNonopIncExp	$-47.2M	$1.7M	$31.2M	$-42.7M	$33.9M
IS_PreTaxIncome	$459.1M	$544.9M	$570.8M	$647.0M	$563.1M
IS_TaxExpense	$4.6M	$5.2M	$4.7M	$-6.2M	$13.6M
IS_NetIncome	$446.9M	$527.5M	$552.8M	$637.4M	$533.8M
IS_ComprehensiveIncome	$448.5M	$529.4M	$554.1M	$638.5M	$534.8M
IS_EPS_Basic	$4	$4	$5	$5	$5
IS_EPS_Diluted	$4	$4	$5	$5	$5
IS_Shares_Basic	$117.0M	$116.8M	$116.5M	$115.3M	$114.7M
IS_Shares_Diluted	$117.1M	$116.8M	$116.6M	$115.6M	$115.0M

Cash Flow Statement 16 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
CF_Ops_NetIncome	$446.9M	$527.5M	$552.8M	$637.4M	$533.8M
CF_Ops_DA	$622.3M	$585.6M	$565.1M	$543.0M	$533.4M
CF_Ops_SBC	$16.8M	$15.8M	$15.7M	$18.8M	$16.7M
CF_Ops_DeferredTax	$4.6M	$5.2M	$4.7M	$-6.2M	$13.6M
CF_Ops_WorkingCapital	$0	$0	$0	$0	$0
CF_Ops_Other	$9.3M	$-34.8M	$-24.5M	$-16.1M	$55.9M
CF_Ops_NetCash	$1.1B	$1.1B	$1.1B	$1.1B	$895.0M
CF_Inv_Capex	$360.2M	$322.4M	$341.2M	$296.2M	$279.6M
CF_Inv_NetCash	$-690.2M	$-825.5M	$-775.3M	$-405.2M	$-253.6M
CF_Fin_DebtRepayment	$400.0M	$400.0M	$353.9M	$126.4M	$467.2M
CF_Fin_ShareRepurchases	$27.2M	$0	$0	$14.0M	$9.0M
CF_Fin_Dividends	$709.0M	$686.9M	$651.7M	$539.6M	$470.4M
CF_Fin_StockIssuance	$1.5M	$1.2M	$205.1M	$1.1M	$645.0K
CF_Fin_Other	$255.0K	$166.0K	$-5.3M	$-10.6M	$-6.8M
CF_Fin_NetCash	$-370.7M	$-271.1M	$-367.9M	$-722.8M	$-546.4M
CF_Net_Change	$17.2M	$1.7M	$-6.0M	$-69.5M	$95.0M

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