Mid-America Apartment Communities MAA
- Employees
- 2,507
- Headquarters
- Germantown, TN
- CEO
- Adrian Hill
- Next results
- around Feb 3, 2027
What changed
2 new risk paragraphs. 10-K filed Feb 6, 2026 against Feb 7, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
9 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 9 checks found nothing to note
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Cash from operations $1.1B vs net income $446.9M (FY ending Dec 31, 2025)
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Same auditor in both 10-Ks: Ernst & Young LLP
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No statement of substantial doubt about going concern
6 more checks with nothing to note
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Valuation of Embedded Derivative
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
2 paragraphs in Risk Factors that were not in the 10-K filed Feb 7, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
A failure to keep pace with developments in technology could impair our operations or competitive position. Our business continues and will continue to demand the use of sophisticated systems, software and technology, including artificial intelligence. These systems, software and technologies must be refined, updated and replaced on a…
New risk paragraphs, against peers
Latest 10-K of each, Real estate companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $2.0B | $2.1B | $2.2B | $2.2B |
| Net income | $637.4M | $552.8M | $527.5M | $446.9M |
| Operating cash flow | $1.1B | $1.1B | $1.1B | $1.1B |
Revenue, FY2012 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$2.2B ▲ 0.8% in FY2025$446.9M ▼ 15.3% in FY2025
Recent filings
4 filings in the last 30 days · SEC EDGAR
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BuyNov 3, 2026Hill Adrian (EVP, Chief Investment Officer) bought $100K open-market purchase on Oct 30, 2026
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8-KNov 2, 2026Regulation FD disclosure, Other events 8-K items 7.01, 8.01
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10-QOct 29, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 28, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
About the company
Mid-America Apartment Communities, Germantown, TN · from the 10-K filed Feb 6, 2026
MAA, an S&P 500 company, is a multifamily-focused, self-administered and self-managed real estate investment trust, or REIT. We own, operate, acquire and selectively develop apartment communities primarily located in the Southeast, Southwest and Mid-Atlantic regions of the U.S. As of December 31, 2025, we maintained full or partial ownership of apartment communities, including communities currently in development, across 16 states and the District of Columbia, summarized as follows:
- Headquarters
- Germantown, TN
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 28, 2026
- Incorporated in
- TN
Employees, at the top of the page: "As of December 31, 2025, we employed 2,507 associates" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 6, 2026 (open at SEC), compared with the 10-K filed Feb 7, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/MAA/export.csv") into a cell.