← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating expenses, excluding real estate taxes and insurance | — | — | $371.1m | $377.5m | $388.0m | $404.3m | $435.1m | $461.5m | $502.7m | $518.9m | |
| Total property operating expenses | $746.3m | $1.1b | $1.1b | $1.1b | $1.2b | $1.2b | $1.3b | $1.3b | $1.4b | $1.5b | |
| Rental and other property revenues | $1.1b | $1.5b | $1.6b | $1.6b | $1.7b | $1.8b | $2.0b | $2.1b | $2.2b | $2.2b | |
| Real estate taxes and insurance | $142.8m | $212.5m | $223.5m | $235.4m | $252.5m | $266.9m | $288.6m | $306.6m | $317.4m | $318.9m | |
| Depreciation and amortization | $323.0m | $493.7m | $489.8m | $496.8m | $510.8m | $533.4m | $543.0m | $565.1m | $585.6m | $622.3m | |
| (Gain) loss on sale of depreciable real estate assets | $80.4m | $127.4m | $39k | ($81.0m) | ($9k) | ($220.4m) | ($214.8m) | $62k | ($55.0m) | ($72.1m) | |
| Gain on sale of non-depreciable real estate assets | $2.2m | $21k | ($4.5m) | ($12.0m) | ($1.0m) | ($811k) | ($809k) | ($54k) | $0 | $0 | |
| Income from continuing operations before real estate joint venture activity | $224.2m | $339.2m | $229.2m | $365.0m | $262.5m | $549.5m | $653.2m | $566.1m | $539.6m | $454.5m | |
| Income from real estate joint venture | $241k | $1.4m | $1.8m | $1.7m | $1.5m | $1.2m | $1.6m | $1.7m | $2.0m | $2.1m | |
| Net (loss) income attributable to noncontrolling interests | $12.2m | $12.2m | $8.1m | $12.8m | $9.1m | $16.9m | $17.3m | $15.0m | $14.0m | $9.7m | |
| Dividends to MAA Series I preferred shareholders | $307k | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | $3.7m | |
| Net income | $224.4m | $340.5m | $231.0m | $366.6m | $264.0m | $550.7m | $654.8m | $567.8m | $527.5m | $446.9m | |
| Net income available for MAA common shareholders | $211.9m | $324.7m | $219.2m | $3 | $2 | $5 | $5 | $5 | $4 | $4 | |
| Net income available for MAALP common unitholders | — | $336.8m | $227.3m | $362.8m | $260.3m | — | — | — | — | — | |
| Property management expenses | $34.1m | $43.6m | $47.6m | $55.0m | $52.3m | $55.7m | $65.5m | $67.8m | $72.0m | $74.8m | |
| General and administrative expenses | $29.0m | $40.2m | $34.8m | $46.1m | $46.9m | $52.9m | $58.8m | $58.6m | $56.5m | $54.8m | |
| Interest expense | ($129.9m) | ($154.8m) | ($173.6m) | $179.8m | $167.6m | $156.9m | $154.7m | $149.2m | $168.5m | $185.3m | |
| Other non-operating expense (income) | ($1.8m) | $14.4m | ($5.4m) | ($25.3m) | ($4.9m) | ($33.9m) | $42.7m | ($31.2m) | ($1.7m) | $47.2m | |
| Income before income tax expense | $225.9m | $341.8m | $231.8m | $368.7m | $265.8m | $563.1m | $647.0m | $570.8m | $544.9m | $459.1m | |
| Income tax expense | ($1.7m) | ($2.6m) | ($2.6m) | ($3.7m) | ($3.3m) | ($13.6m) | $6.2m | ($4.7m) | ($5.2m) | ($4.6m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.