MID AMERICA APARTMENT COMMUNITIES INC.
For the period ended Dec 31, 2025. Filed Feb 6, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 6, 2026
MAA$118.86-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations for the
Consolidated Statem ents of Operations
(Dollars in thousands, except per unit data)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenues: | |||
| Rental and other property revenues | $2,209,126 | $2,191,015 | $2,148,468 |
| Expenses: | |||
| Operating expenses, excluding real estate taxes and insurance | 518,860 | 502,735 | 461,540 |
| Real estate taxes and insurance | 318,947 | 317,357 | 306,601 |
| Depreciation and amortization | 622,295 | 585,616 | 565,063 |
| Total property operating expenses | 1,460,102 | 1,405,708 | 1,333,204 |
| Property management expenses | 74,779 | 72,040 | 67,784 |
| General and administrative expenses | 54,807 | 56,516 | 58,578 |
| Interest expense | 185,257 | 168,544 | 149,234 |
| (Gain) loss on sale of depreciable real estate assets | (72,066) | (55,003) | 62 |
| Gain on sale of non-depreciable real estate assets | — | — | (54) |
| Other non-operating expense (income) | 47,161 | (1,655) | (31,185) |
| Income before income tax expense | 459,086 | 544,865 | 570,845 |
| Income tax expense | (4,595) | (5,240) | (4,744) |
| Income from continuing operations before real estate joint venture activity | 454,491 | 539,625 | 566,101 |
| Income from real estate joint venture | 2,075 | 1,951 | 1,730 |
| Net income | 456,566 | 541,576 | 567,831 |
| Net (loss) income attributable to noncontrolling interests | (1,727) | — | 62 |
| Net income available for MAALP unitholders | 458,293 | 541,576 | 567,769 |
| Distributions to MAALP preferred unitholders | 3,688 | 3,688 | 3,688 |
| Net income available for MAALP common unitholders | $454,605 | $537,888 | $564,081 |
| Earnings per common unit - basic: | |||
| Net income available for MAALP common unitholders | $3.79 | $4.49 | $4.71 |
| Earnings per common unit - diluted: | |||
| Net income available for MAALP common unitholders | $3.78 | $4.49 | $4.71 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.