Sales up 0.8%
The latest figures
All key numbers (34) From EDGAR
| EPS (ttm) | 3.30 | Sales (ttm) | 2.2B | Net income (ttm) | 389.6M | Sales growth | +0.8% | EPS growth | -15.8% | Sales Q/Q | +0.8% |
| Free cash flow | - | Gross margin | - | Oper. margin | - | Net margin | 17.6% | FCF margin | - | ROE | 7.0% |
| ROA | 3.2% | R&D / sales | - | Dividend | 6.08 | Debt/Eq | - | Curr. ratio | - | Cash | 71.5M |
| Op. cash flow (ttm) | 1.0B | Payout ratio | 160.7% | Tax rate | 1.0% | Stock pay / sales | 0.8% | Shares out. | 116.4M | Shares Y/Y | +0.3% |
| Book / share | 47.61 | Cash / share | 0.61 | Sales / share | 19.02 | Asset turnover | 0.18 | Sales 3Y CAGR | +3.0% | Sales 5Y CAGR | +5.7% |
| EPS 3Y CAGR | -11.6% | EPS 5Y CAGR | +11.5% | Employees | 2,507 | Sales / employee | 883K |
Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.
MAA against Real estate peers
Ten years, side by side → · All 30 →Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How
Every dot is one of the 30 companies, the better end on the right. Hover a dot for the company.
| Company | Revenue (ttm) | Sales growth | Gross margin | Net margin | ROE | FCF margin | Debt / equity |
|---|---|---|---|---|---|---|---|
| MAA Mid-America Apartment Communities | $2.2B | +0.8% | - | 17.6% | 7.0% | - | - |
| ARE Alexandria Real Estate Equities | $2.8B | -2.9% | - | -51.8% | -9.7% | - | 0.87 |
| KIM Kimco Realty | $2.2B | +5.1% | - | 27.8% | 5.9% | 53.1% | 0.75 |
| ESS Essex Property Trust | $1.9B | +6.4% | 70.1% | 21.5% | 7.8% | - | 1.20 |
| UDR UDR, Inc. | $1.7B | +2.4% | - | 40.8% | 22.3% | - | 1.84 |
| REG Regency Centers | $1.6B | +6.9% | - | 34.5% | 7.9% | - | 0.73 |
Profitability
1 of 3- !Net margin below the peer median17.6% vs 21.7%
- !Return on equity below 15%7.0%
- ✓A profit in every one of 10 years
Cash and shareholders
2 of 3- !Share count up over 5 years+2.3%
- ✓Dividend per share up over 5 years$4.03 → $6.08
- ✓Cash from operations above net income$1.1B vs $446.9M
Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.
Revenue and net income, FY2012 to FY2025
Revenue 2.2B Net income 446.9MFrom XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →
Where the $2.2B of revenue came from
by segment, year to Dec 31, 2025- Same Store $2.1B · 94%
- Non-Same Store and Other $130.5M · 6%
From the segment tables in the 10-K XBRL. Revenue by segment, product and region →
Income statement, balance sheet and cash flow
MAA's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.
Revenue by business segment
year to Dec 31, 2025| Revenue | Share | vs year before | |
|---|---|---|---|
| Same Store | 2.1B | 93.4% | -0.2% |
| Non-Same Store and Other | 130.5M | 5.9% | +19.7% |
10-K 0001193125-26-041208, segment and revenue notes (XBRL).
Income statement
From EDGAR| FY2012 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 497.2M | 1.5B | 1.6B | 1.6B | 1.7B | 1.8B | 2.0B | 2.1B | 2.2B | 2.2B |
| SG&A | 13.8M | 40.2M | 38.9M | 43.8M | 46.9M | 52.9M | 58.8M | 58.6M | 56.5M | 54.8M |
| Operating income | 130.3M | - | - | - | - | - | - | - | - | - |
| Interest expense | 58.8M | 154.8M | 173.6M | 179.8M | 167.6M | 156.9M | 154.7M | 149.2M | 168.5M | 185.3M |
| Pretax income | 67.8M | 341.8M | 231.8M | 368.7M | 265.8M | 563.1M | 647.0M | 570.8M | 544.9M | 459.1M |
| Income tax | - | 2.6M | 2.6M | 3.7M | 3.3M | 13.6M | -6.2M | 4.7M | 5.2M | 4.6M |
| Net income | 105.2M | 328.4M | 222.9M | 353.8M | 255.0M | 533.8M | 637.4M | 552.8M | 527.5M | 446.9M |
| EPS (diluted) | 2.56 | 2.86 | 1.93 | 3.07 | 2.19 | 4.61 | 5.48 | 4.71 | 4.49 | 3.78 |
| Diluted shares | 42.9M | 113.7M | 113.8M | 114.1M | 114.5M | 115.0M | 115.6M | 116.6M | 116.8M | 117.1M |
| Depreciation & amortization | 132.2M | 494.5M | 491.0M | 497.8M | 511.7M | 534.4M | 544.0M | 565.9M | 586.4M | 623.0M |
| EBITDA | 262.5M | - | - | - | - | - | - | - | - | - |
| Operating margin | 26.2% | - | - | - | - | - | - | - | - | - |
| Net margin | 21.2% | 21.5% | 14.2% | 21.6% | 15.2% | 30.0% | 31.6% | 25.7% | 24.1% | 20.2% |
| Revenue growth | - | - | +2.8% | +4.4% | +2.3% | +6.0% | +13.6% | +6.4% | +2.0% | +0.8% |
| EPS growth | - | - | -32.5% | +59.1% | -28.7% | +111% | +18.9% | -14.1% | -4.7% | -15.8% |
Balance sheet
From EDGAR| FY2012 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash | 9.1M | 10.8M | 34.3M | 20.5M | 25.2M | 54.3M | 38.7M | 41.3M | 43.0M | 60.3M |
| Goodwill | 4.1M | - | - | - | - | - | - | - | - | - |
| Total assets | 2.8B | - | 11.3B | 11.2B | 11.2B | 11.3B | 11.2B | 11.5B | 11.8B | 12.0B |
| Total liabilities | 1.8B | - | 4.9B | 4.9B | 5.1B | 5.1B | 5.0B | 5.2B | 5.7B | 6.1B |
| Shareholders' equity | 914.1M | 6.6B | 6.1B | 6.1B | 5.9B | 6.0B | 6.0B | 6.1B | 5.9B | 5.7B |
Cash flow
From EDGAR| FY2012 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 211.0M | 660.8M | 734.3M | 781.4M | 823.9M | 895.0M | 1.1B | 1.1B | 1.1B | 1.1B |
| Stock-based pay (added back) | 2.2M | 10.6M | 12.4M | 13.7M | 14.3M | 16.7M | 18.8M | 15.7M | 15.8M | 16.8M |
| Dividends paid | 107.7M | 395.3M | 419.8M | 437.7M | 457.4M | 470.4M | 539.6M | 651.7M | 686.9M | 709.0M |
| Buybacks | 2.0M | - | - | - | - | - | - | 0 | 0 | 27.2M |
| Investing cash flow | -329.2M | -294.2M | -366.4M | -238.3M | -484.7M | -253.6M | -405.2M | -775.3M | -825.5M | -690.2M |
| Financing cash flow | 70.0M | -399.5M | -405.1M | -524.3M | -374.1M | -546.4M | -722.8M | -367.9M | -271.1M | -370.7M |
| Dividend per share | 2.67 | 3.53 | 3.73 | 3.88 | 4.03 | 4.16 | 4.99 | 5.67 | 5.92 | 6.08 |
Stock-based pay and leases
From EDGAR| FY2012 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based pay (expense) | 2.2M | 10.6M | 12.4M | 13.7M | 14.3M | 16.7M | 18.8M | 15.7M | 15.8M | 16.8M |
| Stock-based pay / revenue | 0.4% | 0.7% | 0.8% | 0.8% | 0.9% | 0.9% | 0.9% | 0.7% | 0.7% | 0.8% |
| Right-of-use assets | - | - | - | 53.8M | 49.4M | 47.0M | 44.6M | 42.5M | 40.5M | 38.0M |
| Operating lease liabilities | - | - | - | 33.1M | 31.7M | 30.3M | 28.7M | 27.3M | 26.1M | 24.3M |
From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.