Mid-America Apartment Communities, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 1.78B | 2.02B | 2.15B | 2.19B | 2.21B | 0.8% | |
| Cost of Revenue | (1.26B) | (1.33B) | (1.40B) | (1.48B) | (1.51B) | 1.9% | |
Gross Profit | 517.75M | 687.71M | 747.48M | 713.27M | 703.07M | -1.4% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (52.88M) | (58.83M) | (58.58M) | (56.52M) | (54.81M) | -3.0% | |
| General & Administrative | (52.88M) | (58.83M) | (58.58M) | (56.52M) | (54.81M) | -3.0% | |
| Depreciation & Amortization | (534.41M) | (544.00M) | (565.86M) | (586.40M) | (622.63M) | 6.2% | |
Operating Income (EBIT) | 464.87M | 628.88M | 688.90M | 656.75M | 619.44M | -5.7% | |
| Non-Operating Items | |||||||
| Interest Income | — | — | — | — | — | — | |
| Interest Expense | (156.88M) | (154.75M) | (149.23M) | (168.54M) | (185.26M) | 9.9% | |
| Other Income/Expenses (Net) | 98.26M | 18.11M | -118.06M | -111.89M | -159.27M | 42.4% | |
Income Before Tax | 563.13M | 646.99M | 570.85M | 544.87M | 460.17M | -15.5% | |
| Income Tax Expense | (13.64M) | (6.21M) | (4.74M) | (5.24M) | (4.59M) | -12.3% | |
Net Income | 533.79M | 637.44M | 552.81M | 527.54M | 446.91M | -15.3% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $5 | $5 | $5 | $4 | $4 | -15.6% | |
| Weighted Avg Shares Outstanding | 114.72M | 115.34M | 116.52M | 116.78M | 116.98M | 0.2% | |
| Weighted Avg Shares Outstanding (Diluted) | 115.04M | 115.58M | 116.64M | 116.78M | 117.11M | 0.3% | |
EBITDA | 1.25B | 1.35B | 1.29B | 1.30B | 1.32B | 1.4% |
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MAA in the Real Estate
Large Cap