The Filings Report

Mid-America Apartment Communities, Inc.

MAANYSECIK 912595Real Estate / REITsfiscal year ends December52 quarters since 2009

Revenue, Q1 FY2026
$554M
+0.8% on Q1 FY2025
Net income
$124M
−31.5% on Q1 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$1.06
−31.2% on Q1 FY2025
Revenue, TTM
$2.2B
trailing four quarters
Net margin, TTM
17.6%
net income $390M
Free cash flow, TTM
—
Cash and equivalents
$72M
long-term debt —, Mar 31, 2026
Shares, 12-month change
−0.6%
116M shares, Mar 31, 2026
Buybacks, TTM
—
no yield
Dividends, TTM
$711M
5.2% of market value
Market value
$13.8B
at the close, buybacks

Latest quarter Q1 FY2026, filed April 30, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q1 FY2026, the quarter ended March 31, 2026, Mid-America Apartment Communities, Inc. reported revenue of $554M, +0.8% on Q1 FY2025, and net income of $124M (−31.5%). Diluted earnings per share were $1.06.

The last 16 quarters

Q2 FY2022 to Q1 FY2026, through the filing of April 30, 2026.

Revenue and net incomeRevenueNet income
$0$200M$400M$600MQ2'22, Revenue: $495MQ2'22, Net income: $211MQ2'22Q3'22, Revenue: $521MQ3'22, Net income: $122MQ3'22Q4'22, Revenue: $528MQ4'22, Net income: $194MQ4'22Q1'23, Revenue: $529MQ1'23, Net income: $136MQ1'23Q2'23, Revenue: $535MQ2'23, Net income: $146MQ2'23Q3'23, Revenue: $542MQ3'23, Net income: $111MQ3'23Q4'23, Revenue: $542MQ4'23, Net income: $160MQ4'23Q1'24, Revenue: $544MQ1'24, Net income: $144MQ1'24Q2'24, Revenue: $546MQ2'24, Net income: $102MQ2'24Q3'24, Revenue: $551MQ3'24, Net income: $115MQ3'24Q4'24, Revenue: $550MQ4'24, Net income: $167MQ4'24Q1'25, Revenue: $549MQ1'25, Net income: $182MQ1'25Q2'25, Revenue: $550MQ2'25, Net income: $108MQ2'25Q3'25, Revenue: $554MQ3'25, Net income: $100MQ3'25Q4'25, Revenue: $556MQ4'25, Net income: $58MQ4'25Q1'26, Revenue: $554MQ1'26, Net income: $124MQ1'26$0$200M$400M$600MQ2'22, Revenue: $495MQ2'22, Net income: $211MQ3'22, Revenue: $521MQ3'22, Net income: $122MQ3'22Q4'22, Revenue: $528MQ4'22, Net income: $194MQ1'23, Revenue: $529MQ1'23, Net income: $136MQ1'23Q2'23, Revenue: $535MQ2'23, Net income: $146MQ3'23, Revenue: $542MQ3'23, Net income: $111MQ3'23Q4'23, Revenue: $542MQ4'23, Net income: $160MQ1'24, Revenue: $544MQ1'24, Net income: $144MQ1'24Q2'24, Revenue: $546MQ2'24, Net income: $102MQ3'24, Revenue: $551MQ3'24, Net income: $115MQ3'24Q4'24, Revenue: $550MQ4'24, Net income: $167MQ1'25, Revenue: $549MQ1'25, Net income: $182MQ1'25Q2'25, Revenue: $550MQ2'25, Net income: $108MQ3'25, Revenue: $554MQ3'25, Net income: $100MQ3'25Q4'25, Revenue: $556MQ4'25, Net income: $58MQ1'26, Revenue: $554MQ1'26, Net income: $124MQ1'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$50M$100M$150M$200MQ2'22, Cash and equivalents: $61MQ2'22Q3'22, Cash and equivalents: $39MQ3'22Q4'22, Cash and equivalents: $39MQ4'22Q1'23, Cash and equivalents: $142MQ1'23Q2'23, Cash and equivalents: $150MQ2'23Q3'23, Cash and equivalents: $162MQ3'23Q4'23, Cash and equivalents: $41MQ4'23Q1'24, Cash and equivalents: $55MQ1'24Q2'24, Cash and equivalents: $63MQ2'24Q3'24, Cash and equivalents: $50MQ3'24Q4'24, Cash and equivalents: $43MQ4'24Q1'25, Cash and equivalents: $56MQ1'25Q2'25, Cash and equivalents: $54MQ2'25Q3'25, Cash and equivalents: $32MQ3'25Q4'25, Cash and equivalents: $60MQ4'25Q1'26, Cash and equivalents: $72MQ1'26$0$50M$100M$150M$200MQ2'22, Cash and equivalents: $61MQ3'22, Cash and equivalents: $39MQ3'22Q4'22, Cash and equivalents: $39MQ1'23, Cash and equivalents: $142MQ1'23Q2'23, Cash and equivalents: $150MQ3'23, Cash and equivalents: $162MQ3'23Q4'23, Cash and equivalents: $41MQ1'24, Cash and equivalents: $55MQ1'24Q2'24, Cash and equivalents: $63MQ3'24, Cash and equivalents: $50MQ3'24Q4'24, Cash and equivalents: $43MQ1'25, Cash and equivalents: $56MQ1'25Q2'25, Cash and equivalents: $54MQ3'25, Cash and equivalents: $32MQ3'25Q4'25, Cash and equivalents: $60MQ1'26, Cash and equivalents: $72MQ1'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q1 FY2026 filed April 30, 2026.

Mid-America Apartment Communities, Inc. income statement, quarterly
Millions of dollarsQ1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 6, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 7, 2025Q3 FY2024ended Sep 30, 2024filed Oct 31, 2024Q2 FY2024ended Jun 30, 2024filed Aug 1, 2024YoYQ1 FY2026vs Q1 FY2025
Revenue554556554550549550551546+0.8%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative1714131316141313+7.0%
Operating income—————————
Other income (expense)16(51)(1)51(1)(2)(19)+1819.1%
Pretax income13258103111187172118105−29.5%
Income tax61211211+431.9%
Net income12458100108182167115102−31.5%
Diluted EPS ($)1.06—0.840.921.54—0.980.86−31.2%
Diluted shares (millions)117—117117117—117117—

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q1 FY2026 filed April 30, 2026.

Mid-America Apartment Communities, Inc. balance sheet, quarterly
Millions of dollarsQ1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 6, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 7, 2025Q3 FY2024ended Sep 30, 2024filed Oct 31, 2024Q2 FY2024ended Jun 30, 2024filed Aug 1, 2024YoYQ1 FY2026vs Q1 FY2025
Cash and equivalents7260325456435063+28.2%
Short-term investments—————————
Total current assets—————————
Total assets11,99511,97511,92711,83611,81211,81211,75611,563+1.5%
Total current liabilities—————————
Long-term debt—————————
Total liabilities6,2866,1365,9125,7455,6545,6655,6025,357+11.2%
Stockholders’ equity5,5415,6635,8185,8915,9505,9425,9496,004−6.9%
Shares outstanding (millions)116117117117117117117117—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q1 FY2026 filed April 30, 2026.

Mid-America Apartment Communities, Inc. cash flow statement, quarterly
Millions of dollarsQ1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 6, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 7, 2025Q3 FY2024ended Sep 30, 2024filed Oct 31, 2024Q2 FY2024ended Jun 30, 2024filed Aug 1, 2024YoYQ1 FY2026vs Q1 FY2025
Operating cash flow150262266353197239310349−23.9%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization162160157154153151147145+6.2%
Share repurchases73———0————
Dividends paid179177177177177172172172+1.0%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 6, 2026.

Income statement

Mid-America Apartment Communities, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 6, 2026FY2024ended Dec 31, 2024filed Feb 7, 2025FY2023ended Dec 31, 2023filed Feb 9, 2024FY2022ended Dec 31, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 17, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Aug 1, 2019FY2017ended Dec 31, 2017filed Feb 20, 2020FY2013ended Dec 31, 2013filed Feb 21, 2014FY2012ended Dec 31, 2012filed Feb 22, 2013FY2011ended Dec 31, 2011filed Feb 24, 2012FY2010ended Dec 31, 2010filed Feb 24, 2011FY2009ended Dec 31, 2009filed Aug 5, 2010FY2008ended Dec 31, 2008filed Aug 5, 2010
Revenue2,2092,1912,1482,0201,7781,6781,6411,5711,529—497431402379370
Cost of revenue———————————————
Gross profit———————————————
Research and development———————————————
Selling, general and administrative555759595347443940—1418121112
Operating income——————————13095919396
Other income (expense)(47)231(43)345231014—01101
Pretax income459545571647563266369232342—6835323432
Income tax555(6)143433——————
Net income447528553637534255354223328—10549303730
Diluted EPS ($)3.784.494.715.484.612.193.071.932.86—2.561.310.560.850.64
Diluted shares (millions)117117117116115115114114114—4339322827

Balance sheet

Mid-America Apartment Communities, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 6, 2026FY2024ended Dec 31, 2024filed Feb 7, 2025FY2023ended Dec 31, 2023filed Feb 9, 2024FY2022ended Dec 31, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 17, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Aug 1, 2019FY2017ended Dec 31, 2017filed Feb 20, 2020FY2013ended Dec 31, 2013filed Feb 21, 2014FY2012ended Dec 31, 2012filed Feb 22, 2013FY2011ended Dec 31, 2011filed Feb 24, 2012FY2010ended Dec 31, 2010filed Feb 24, 2011FY2009ended Dec 31, 2009filed Aug 5, 2010FY2008ended Dec 31, 2008filed Aug 5, 2010
Cash and equivalents604341395425203411—95746149
Short-term investments———————————————
Total current assets———————————————
Total assets11,97511,81211,48511,24111,28511,19511,23011,324—6,8422,7512,5302,1761,987—
Total current liabilities———————————————
Long-term debt———————————————
Total liabilities6,1365,6655,1855,0315,1015,0914,9274,942——1,8011,7831,6321,531—
Stockholders’ equity5,6635,9426,0946,0055,9655,8726,0696,150——914718519431—
Shares outstanding (millions)11711711711711511411411411475423936——

Cash flow statement

Mid-America Apartment Communities, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 6, 2026FY2024ended Dec 31, 2024filed Feb 7, 2025FY2023ended Dec 31, 2023filed Feb 9, 2024FY2022ended Dec 31, 2022filed Feb 14, 2023FY2021ended Dec 31, 2021filed Feb 17, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 20, 2020FY2018ended Dec 31, 2018filed Aug 1, 2019FY2017ended Dec 31, 2017filed Feb 20, 2020FY2013ended Dec 31, 2013filed Feb 21, 2014FY2012ended Dec 31, 2012filed Feb 22, 2013FY2011ended Dec 31, 2011filed Feb 24, 2012FY2010ended Dec 31, 2010filed Feb 24, 2011FY2009ended Dec 31, 2009filed Aug 5, 2010FY2008ended Dec 31, 2008filed Aug 5, 2010
Operating cash flow1,0781,0981,1371,058895824781734661—211172134140140
Capital expenditures———————————————
Free cash flow (CFO − capex)———————————————
Depreciation and amortization623586566544534512498491495—1321191079893
Share repurchases2700———————23111
Dividends paid709687652540470457438420395—10892777066

Insider activity

Form 4 filings by officers, directors and 10% owners, November 3, 2024 to November 3, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$100K
1 purchases by 1 insider; officers and directors $100K
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$341K
4 purchases by 2 insiders; officers and directors $341K
Sold, twelve months
$1M
14 sales by 6 insiders; officers and directors $1M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Oct 30, 2026Hill AdrianEVP, Chief Investment Officer, Directoropen-market buy844$118.35$100K65,277Nov 3, 2026
May 21, 2026Fischer Tamara DDirectoropen-market buy500$128.00$64K500May 21, 2026
May 21, 2026Fischer Tamara DDirectoropen-market buy600$129.00$77K1,100May 21, 2026
May 19, 2026Graf Alan B JRDirectoraward1,401$0.00—14,961May 20, 2026
May 19, 2026Caplan Deborah HDirectoraward1,401$0.00—5,371May 20, 2026
May 8, 2026French James BartonEVP Investmentsopen-market sale350$130.98$46K8,158May 8, 2026
Apr 6, 2026Argo TimothyEVP, Chief Strategy & Analysisopen-market sale10b5-1183$124.73$23K21,382Apr 6, 2026
Apr 6, 2026Carpenter MelanieEVP & CHROopen-market sale10b5-1731$124.78$91K21,243Apr 6, 2026
Apr 6, 2026Fairbanks AmberEVP, Property Managementopen-market sale10b5-1711$124.73$89K4,471Apr 6, 2026
Apr 6, 2026Holder Aubrey ClayEVP, CFOopen-market sale10b5-1145$124.73$18K13,679Apr 6, 2026
Apr 1, 2026Argo TimothyEVP, Chief Strategy & Analysisaward2,637$0.00—21,863Apr 6, 2026
Apr 1, 2026Argo TimothyEVP, Chief Strategy & Analysistax withholding298$122.55$37K21,565Apr 6, 2026
Apr 1, 2026Bolton H Eric JRPresident and CEO, Directoraward12,231$0.00—334,173Apr 6, 2026
Apr 1, 2026Bolton H Eric JRPresident and CEO, Directortax withholding5,705$122.55$699K328,468Apr 6, 2026
Apr 1, 2026Carpenter MelanieEVP & CHROaward1,439$0.00—22,269Apr 6, 2026
Apr 1, 2026Carpenter MelanieEVP & CHROtax withholding295$122.55$36K21,974Apr 6, 2026
Apr 1, 2026DelPriore Robert J.EVP, General Counselaward5,093$0.00—55,984Apr 6, 2026
Apr 1, 2026DelPriore Robert J.EVP, General Counseltax withholding1,632$122.55$200K54,352Apr 6, 2026
Apr 1, 2026Fairbanks AmberEVP, Property Managementaward1,947$0.00—5,466Apr 6, 2026
Apr 1, 2026Fairbanks AmberEVP, Property Managementtax withholding284$122.55$35K5,182Apr 6, 2026
Apr 1, 2026Fracchia JosephEVP, Chief Tech & Innovationaward1,632$0.00—13,291Apr 6, 2026
Apr 1, 2026Fracchia JosephEVP, Chief Tech & Innovationtax withholding272$122.55$33K13,019Apr 6, 2026
Apr 1, 2026Hill AdrianEVP, Chief Investment Officer, Directoraward10,907$0.00—66,045Apr 6, 2026
Apr 1, 2026Hill AdrianEVP, Chief Investment Officer, Directortax withholding1,612$122.55$198K64,433Apr 6, 2026
Apr 1, 2026Holder Aubrey ClayEVP, CFOaward3,643$0.00—14,061Apr 6, 2026

Full insider history for Mid-America Apartment Communities, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
MID-AMERICA APARTMENT COMMUNITIES, INC., CIK 912595 on EDGAR
Extract generated
November 4, 2026
Withheld
4 line-years whose four quarters do not sum to the filed year: depreciation amortization FY2011, revenue FY2011, depreciation amortization FY2012, revenue FY2012
Repaired
none
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): NonoperatingIncomeExpense, OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: not filed
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: not filed
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAndAmortization, DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 4, 2026.

JSON file
/data/financials/MAA.json