Mid-America Apartment Communities, Inc. (MAA) Financial Statements
Mid-America Apartment Communities financial statements at a glance
Mid-America Apartment Communities reported revenue of $2.19 billion for fiscal year 2024 (ended December 31, 2024), up 2.0% from fiscal year 2023. Net income was $527.54 million, a net margin of 24.1%.
At the end of fiscal year 2024 it had total assets of $11.81 billion, total liabilities of $5.85 billion and shareholders' equity of $5.96 billion, with total debt of $4.98 billion.
Its operations brought in $1.10 billion of cash.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 3 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2024.
Mid-America Apartment Communities, Inc.
Income Statement
Annual • USD
Mid-America Apartment Communities key figures by fiscal year
| FY2024 | FY2023 | FY2022 | |
|---|---|---|---|
| Revenue | $2.2B | $2.1B | $2.0B |
| Gross profit | $1.3B | $1.3B | $1.2B |
| Operating income | $667.9M | $692.4M | $649.7M |
| Net income | $527.5M | $552.8M | $637.4M |
| Total assets | $11.8B | $11.5B | $11.2B |
| Total liabilities | $5.8B | $5.4B | $5.2B |
| Shareholders' equity | $6.0B | $6.1B | $6.0B |
| Total debt | $5.0B | $4.5B | $4.4B |
| Operating cash flow | $1.1B | $1.1B | $1.1B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2022.
Questions and answers
What was Mid-America Apartment Communities's revenue in fiscal year 2024?
$2.19 billion, up 2.0% from $2.15 billion in fiscal year 2023.
How much profit does Mid-America Apartment Communities make?
Mid-America Apartment Communities reported net income of $527.54 million for fiscal year 2024 (24.1% of revenue); operating income was $667.88 million.
How much cash and debt does Mid-America Apartment Communities have?
At the end of fiscal year 2024: total debt of $4.98 billion.
