tradmap

MAA Financials Mid-America Apartment Communities

14 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 5.7% per year over the past 5 years.
  • Net income has grown faster than revenue (11.9% vs 5.7% per year).

Shareholder returns

  • Dividends have been paid for 14 consecutive years, consuming 158.7% of earnings.
  • The dividend has grown 9.2% per year over the past 5 years.
Revenue & net income
$0 $1B $2B 2008 2010 2012 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
0% 16% 32% 2008 2010 2012 2018 2020 2022 2024
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $1 $1 2008 2010 2012 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $30M $60M 2008 2010 2012 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$825M $156M $1B $0 2008 2010 2012 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $2.2B $447M 0.0% 0.0% $60M
2024 $2.2B $528M 0.0% 0.0% $43M
2023 $2.1B $553M 0.0% 0.0% $41M
2022 $2.0B $637M 0.0% 0.0% $39M
2021 $1.8B $534M 0.0% 0.0% $54M
2020 $1.7B $255M 0.0% 0.0% $25M
2019 $1.6B $354M 0.0% 0.0% $20M
2018 $1.6B $223M 0.0% 0.0% $34M
2017 $1.5B $328M 0.0% 0.0% $11M
2012 $447M $99M 0.0% 29.2% $9M
2011 $386M $47M 0.0% 24.7% $57M
2010 $402M $30M 0.0% 22.5% $46M
2009 $379M $37M 0.0% 24.7% $14M
2008 $370M $30M 0.0% 25.9% $9M

Valuation over time

How the market has priced MAA against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 18.6 37.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 4.5 8.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 2.5 5.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is MAA growing its revenue and profit?

Over the past 5 years, Mid-America Apartment Communities's revenue has grown 5.7% per year, and net income grown 11.9% per year. These are computed facts, not advice.

How much debt does MAA have?

As of FY2025, Mid-America Apartment Communities reported — of total debt against $60M of cash.

What is MAA's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 20.2%.

What is MAA's P/E ratio?

As of Jun '26, Mid-America Apartment Communities traded at a price-to-earnings ratio of about 36.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.