Mid-America Apartment Communities (MAA): financials, SEC filings and peers
Mid-America Apartment Communities (MAA) is a multi-family residential reits company in the Real Estate sector of the S&P 500, headquartered in Memphis, Tennessee.
It was founded in 1977 and joined the S&P 500 on December 2, 2016.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Real Estate Investment Trusts”.
Mid-America Apartment Communities at a glance
- Revenue (12 months)
- $2.2B
- Revenue growth
- +0.8%
- Operating margin
- 26.9%
- Net income (12 months)
- $390M
- Free cash flow (12 months)
- —
- Cash
- $72M
- Debt
- —
- Diluted EPS (12 months)
- $3.30
Twelve months to March 31, 2026, from the 10-Q filed April 30, 2026.
Latest twelve months
Over the twelve months to March 31, 2026, Mid-America Apartment Communities reported revenue of $2.2 billion, about the same as a year earlier (+0.8%).
Its operating margin was 26.9%, down 7.5 percentage points from a year earlier: for every $100 of sales, about $27 was left as operating profit.
Net income was $390 million (17.6% of revenue), 31.1% lower than a year earlier.
At the end of the period it held $72 million in cash and not reported in debt, a net cash position of $72 million.
Five-year trend
- Revenue went from $1.7 billion in fiscal 2020 to $2.2 billion in fiscal 2025, about 5.7% a year.
- Revenue has grown for 5 fiscal years in a row.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.8B | $2.0B | $2.1B | $2.2B | $2.2B |
| Revenue growth | 6.0% | 13.6% | 6.4% | 2.0% | 0.8% |
| Operating margin | — | — | — | — | — |
| Net income | $534M | $637M | $553M | $528M | $447M |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | $4.61 | $5.48 | $4.71 | $4.49 | $3.78 |
Fiscal years as reported in Mid-America Apartment Communities’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 9, 2026 — Regulation FD disclosure
- 8-K filed August 28, 2026 — Regulation FD disclosure
- 8-K filed August 4, 2026 — Regulation FD disclosure
- 10-Q filed July 30, 2026 — quarterly report
- 8-K filed July 30, 2026 — Regulation FD disclosure
- 8-K filed July 29, 2026 — Earnings results
- 8-K filed June 25, 2026 — Material agreement
- 8-K filed June 1, 2026 — Regulation FD disclosure
Companies like Mid-America Apartment Communities
Other S&P 500 companies in Multi-Family Residential REITs:
- CPTCamden Property TrustHouston, Texas
- ESSEssex Property TrustSan Mateo, California
- UDRUDR, Inc.Highlands Ranch, Colorado
- VMRKVivmark ResidentialChicago, Illinois
More from Real Estate
Questions about Mid-America Apartment Communities
Is Mid-America Apartment Communities's revenue growing?
Yes. Revenue for the twelve months to March 31, 2026 was $2.2 billion, up 0.8% from a year earlier, according to its SEC filings.
Is Mid-America Apartment Communities profitable?
Yes. It earned $390 million in net income over the twelve months to March 31, 2026, a net margin of 17.6%.
When did Mid-America Apartment Communities last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 30, 2026.
Which companies are similar to Mid-America Apartment Communities?
In the S&P 500, Mid-America Apartment Communities is grouped in Multi-Family Residential REITs within the Real Estate sector. Camden Property Trust (CPT), Essex Property Trust (ESS), UDR, Inc. (UDR), Vivmark Residential (VMRK) are in the same group.
Understand the numbers
Source: Mid-America Apartment Communities’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.