MID America Apartment Communities Inc. MAA
What this company does
Written from the business description in MID-AMERICA APARTMENT COMMUNITIES, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 6 February 2026. Every sentence was checked against that document before publication.
Revenue compounded at +5.7% a year over five years — but profit grew faster: net income at +11.9%, earnings per share at +11.5%.
The share count rose from 0.11B to 0.12B over the period.
Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.
Each USD of equity produced 8 cents of profit this year.
EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue $B | 2.2 | 2.2 | 2.1 | 2.0 | 1.8 | 1.7 | 1.6 | 1.6 | 1.5 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 |
| Operating income $B | · | · | · | · | · | · | · | · | · | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| EBITDA $B | · | · | · | · | · | · | · | · | · | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 |
| Income tax $B | 0.0 | 0.0 | 0.0 | −0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | · | · | · |
| Net income $B | 0.4 | 0.5 | 0.6 | 0.6 | 0.5 | 0.3 | 0.4 | 0.2 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Free cash flow $B | · | · | · | · | · | · | · | · | · | 0.1 | 0.1 | 0.1 | 0.1 | −0.0 |
| EPS, diluted $ | 3.78 | 4.49 | 4.71 | 5.48 | 4.61 | 2.19 | 3.07 | 1.93 | 2.86 | 2.56 | 1.31 | 0.56 | 0.85 | 0.64 |
| Dividend / sh $ | 6.08 | 5.92 | 5.67 | 4.99 | 4.16 | 4.03 | 3.88 | 3.73 | 3.53 | 2.67 | 2.54 | 2.47 | 2.46 | 2.46 |
| Payout % | 159 | 130 | 118 | 85 | 88 | 179 | 124 | 188 | 120 | 102 | 189 | 259 | 187 | 218 |
| ROE % | 7.7 | 8.8 | 9.1 | 10.7 | 9.0 | 4.3 | 5.8 | 3.6 | · | 12.9 | 7.9 | 6.3 | 8.6 | · |
| Shares out B | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.04 | 0.04 | 0.03 | 0.03 | · |
Slide the table for earlier years · "·" marks a figure not available in our data for that year.
Reconciled in 18 of 19 fiscal years. 19 checks could not be computed.