Mid-America Apartment Communities Income Statement
MAA / Real Estate|14 years of annual SEC 10-K data (FY2008-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 14 fiscal years. All figures from audited SEC 10-K filings.
Mid-America Apartment Communities reported $2.2B in revenue and $447M in net income for FY2025. Revenue has grown at a 11.1% compound annual rate over the past 17 years.
Based on SEC 10-K filings.
Key Data Points
- Strong profit margin: 25.2%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B | $2.2B | $2.1B | $2.0B | $1.8B | $1.7B | $1.6B | $1.6B | $1.5B | $116.3M | $101.7M | $380.1M | $374.4M | $370.0M |
| SG&A Expense | $54.8M | $56.5M | $58.6M | $58.8M | $52.9M | $46.9M | $43.8M | $38.9M | $40.2M | $13.8M | $18.1M | $12.4M | $11.3M | $11.8M |
| Operating Income | - | - | - | - | - | - | - | - | - | $30.0M | $22.6M | $85.3M | $92.2M | $95.9M |
| Interest Expense | $185.3M | $168.5M | $149.2M | $154.7M | $156.9M | $167.6M | $179.8M | $173.6M | $154.8M | $14.1M | $13.7M | $54.6M | $57.0M | $62.0M |
| Income Tax | $4.6M | $5.2M | $4.7M | -$6.2M | $13.6M | $3.3M | $3.7M | $2.6M | $2.6M | - | - | - | - | - |
| Net Income | $446.9M | $527.5M | $552.8M | $637.4M | $533.8M | $255.0M | $353.8M | $222.9M | $328.4M | $30.9M | $48.8M | $29.8M | $37.2M | $30.2M |
| EPS (Basic) | $4.71 | $5.49 | $4.62 | $2.20 | $3.07 | $1.93 | $2.86 | $1.93 | $2.86 | $0.57 | $0.85 | $0.64 | $0.85 | $0.64 |
| EPS (Diluted) | $4.71 | $5.48 | $4.61 | $2.19 | $3.07 | $1.93 | $2.86 | $1.93 | $2.86 | $0.56 | $0.85 | $0.64 | $0.85 | $0.64 |
| Shares Outstanding | 116.9M | 116.7M | 115.5M | 115.3M | 114.4M | 114.2M | 113.8M | 113.8M | 113.7M | 39.0M | 34.9M | 29.1M | 28.4M | 27.1M |
| Operating Margin | - | - | - | - | - | - | - | - | - | 25.8% | 22.2% | 22.4% | 24.6% | 25.9% |
| Profit Margin | 20.2% | 24.1% | 25.7% | 31.6% | 30.0% | 15.2% | 21.6% | 14.2% | 21.5% | 26.5% | 48.0% | 7.8% | 9.9% | 8.2% |