← MID AMERICA APARTMENT COMMUNITIES INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $33.5m | $10.8m | $34.3m | $20.5m | $25.2m | $54.3m | $38.7m | $41.3m | $43.0m | $60.3m | |
| Other assets | $134.5m | $135.8m | $120.4m | $172.8m | $192.1m | $255.7m | $193.9m | $245.5m | $232.4m | $245.7m | |
| Land | $1.8b | $1.8b | $1.9b | $1.9b | $1.9b | $2.0b | $2.0b | $2.0b | $2.1b | $2.1b | |
| Buildings and improvements and other | $10.9b | $11.3b | $11.7b | $11.8b | $12.1b | $12.5b | $12.8b | $13.5b | $14.2b | $14.9b | |
| Development and capital improvements in progress | $231.2m | $116.8m | $59.5m | $116.4m | $283.5m | $248.0m | $332.0m | $385.4m | $470.3m | $426.8m | |
| Real Estate Investment Property, at Cost | $12.9b | $13.2b | $13.6b | $13.9b | $14.3b | $14.7b | $15.2b | $15.9b | $16.7b | $17.4b | |
| Less: Accumulated depreciation | ($18.7m) | ($2.1b) | ($2.5b) | ($3.0b) | ($3.4b) | ($3.8b) | ($4.3b) | ($4.9b) | ($5.3b) | ($5.9b) | |
| Real Estate Investment Property, Net | $11.2b | $11.2b | $11.0b | $10.9b | $10.9b | $10.8b | $10.9b | $11.1b | $11.4b | $11.5b | |
| Undeveloped land | $71.5m | $57.3m | $58.3m | $34.5m | $61.0m | $24.0m | $64.3m | $73.9m | $73.4m | $73.4m | |
| Investment in real estate joint venture | $44.5m | $45.0m | $44.2m | $43.7m | $43.3m | $42.8m | $42.3m | $42.0m | $41.6m | $41.3m | |
| Real estate assets, net | $11.3b | $11.3b | $11.2b | $11.0b | $11.0b | $10.9b | $11.0b | $11.2b | $11.5b | $11.6b | |
| Restricted cash | $88.3m | $78.1m | $17.4m | $50.1m | $10.4m | $76.3m | $22.4m | $13.8m | $13.7m | $13.7m | |
| Assets held for sale | — | — | — | — | — | — | — | $0 | $7.8m | $46.4m | |
| Unsecured notes payable, net | $3.2b | $3.5b | $4.1b | $3.8b | $4.1b | $4.2b | $4.1b | $4.2b | $4.6b | $5.0b | |
| Secured notes payable, net | $1.3b | $976.3m | $475.0m | $626.4m | $485.3m | $365.3m | $364.0m | $360.1m | $360.3m | $360.4m | |
| Due to general partner | — | — | $19k | $19k | $19.0m | $19k | $19k | — | — | — | |
| Accumulated distributions in excess of net income | ($707.5m) | ($784.5m) | ($989.3m) | ($1.1b) | ($1.3b) | ($1.3b) | ($1.2b) | ($1.3b) | ($1.5b) | ($1.7b) | |
| Preferred Units, Preferred Partners' Capital Accounts | — | — | $66.8m | $66.8m | $66.8m | $66.8m | $66.8m | $66.8m | $66.8m | $66.8m | |
| General Partners' Capital Account | — | — | $6.1b | $6.0b | $5.8b | $5.9b | $5.9b | $6.0b | $5.9b | $5.6b | |
| Limited Partners' Capital Account | — | — | $220.0m | $214.6m | $206.9m | $165.1m | $163.6m | $163.1m | $155.4m | $408.7m | |
| Total MAA shareholders’ equity | $6.4b | $6.3b | $6.1b | $6.1b | $5.9b | $6.0b | $6.0b | $6.1b | $5.9b | $5.7b | |
| Total Company’s shareholders’ equity | — | — | $6.4b | $6.3b | $6.1b | $6.1b | $6.2b | $6.3b | $6.1b | $5.8b | |
| Total equity | $6.6b | $6.6b | $6.4b | $6.3b | $6.1b | $6.2b | $6.2b | $6.3b | $6.1b | $5.8b | |
| Total assets | $11.6b | $11.5b | $11.3b | $11.2b | $11.2b | $11.3b | $11.2b | $11.5b | $11.8b | $12.0b | |
| Accrued expenses and other liabilities | $414.2m | $405.6m | $413.9m | $472.3m | $528.3m | $584.4m | $615.8m | $645.2m | $683.7m | $730.4m | |
| Total liabilities | $5.0b | $4.9b | $4.9b | $4.9b | $5.1b | $5.1b | $5.0b | $5.2b | $5.7b | $6.1b | |
| Redeemable common stock | $10.1m | $10.4m | $9.4m | $14.1m | $15.4m | $30.2m | $20.7m | $19.2m | $22.2m | $20.4m | |
| Preferred stock, value, outstanding | $9k | $9k | $9k | $9k | $9k | $9k | $9k | $9k | $9k | $9k | |
| Common stock, value, outstanding | $1.1m | $1.1m | $1.1m | $1.1m | $1.1m | $1.2m | $1.2m | $1.2m | $1.2m | $1.2m | |
| Additional paid-in capital | $7.1b | $7.1b | $7.1b | $7.2b | $7.2b | $7.2b | $7.2b | $7.4b | $7.4b | $7.4b | |
| Accumulated other comprehensive loss | $1.1m | $2.2m | ($212k) | ($13.2m) | ($12.1m) | ($11.1m) | ($10.1m) | ($8.8m) | ($6.9m) | ($5.3m) | |
| Noncontrolling interests - Operating Partnership units | — | — | $220.0m | $214.6m | $206.9m | $165.1m | $163.6m | $163.1m | $155.4m | $141.5m | |
| Noncontrolling interests - consolidated real estate entities | $2.3m | $2.3m | $2.3m | $6.2m | $9.8m | $23.6m | $21.1m | $22.8m | $27.9m | $14.9m | |
| Total liabilities and equity | $11.6b | $11.5b | $11.3b | $11.2b | $11.2b | $11.3b | $11.2b | $11.5b | $11.8b | $12.0b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.