MID AMERICA APARTMENT COMMUNITIES INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.2B | $2.2B | $2.1B | $2.0B | $1.8B |
| Operating expenses | $837.8M | $820.1M | $768.1M | $723.7M | — |
| Interest expense | $185.3M | $168.5M | $149.2M | $154.7M | $156.9M |
| Pretax income | $459.1M | $544.9M | $570.8M | $647.0M | $563.1M |
| Income tax expense | $4.6M | $5.2M | $4.7M | -$6.2M | $13.6M |
| Net income | $446.9M | $527.5M | $552.8M | $637.4M | $533.8M |
| Balance Sheet | |||||
| Cash and equivalents | $60.3M | $43.0M | $41.3M | $38.7M | $54.3M |
| Total assets | $12.0B | $11.8B | $11.5B | $11.2B | $11.3B |
| Total liabilities | $6.1B | $5.7B | $5.2B | $5.0B | $5.1B |
| Stockholders' equity | $5.7B | $5.9B | $6.1B | $6.0B | $6.0B |
| Cash Flow Statement | |||||
| Cash from operations | $1.1B | $1.1B | $1.1B | $1.1B | $895.0M |
| Depreciation and amortization | $623.0M | $586.4M | $565.9M | $544.0M | $534.4M |
| Stock-based compensation | $16.8M | $15.8M | $15.7M | $18.8M | $16.7M |
| Dividends paid | $709.0M | $686.9M | $651.7M | $539.6M | $470.4M |
| Share repurchases | $27.2M | $0 | $0 | $14.0M | $9.0M |
Shares outstanding 116.4M · Free float 95.0%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.