Mid-America Apartments, L.P.

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Financial Performance

Comprehensive financial statements, metrics, and performance analysis

Financial Performance Overview

12 mos ending Dec 31, 202412 mos ending Dec 31, 2025CAGR %YoY %Revenue (+)
$2191.01
2209.13
0.83%Selling, General & Administrative (-)
$56.52
54.81
-3.02%Depreciation & Amortization (-)
$585.62
622.29
6.26%Operating Expenses (-)
$1405.71
1460.10
3.87%Costs & Expenses (Total) (-)
$1647.81
1702.88
3.34%Operating Income/Loss (+)
$709.80
689.43
-2.87%Non-operating Income/Expense (+)
$3.61
-45.09
Interest Expense (-)
$168.54
185.26
9.92%Earnings before Tax (+)
$544.87
459.09
-15.74%Tax Expense (-)
$5.24
4.59
-12.31%Income/Loss (Continuing Operations) (+)
$539.63
454.49
-15.78%Profit/Loss (+)
$541.58
456.57
-15.70%Net Income/Loss (NCI) (-)
$14.03
9.66
-31.18%Net Income/Loss (+)
$527.54
446.91
-15.28%Preferred & Other Distributions (-)
$3.69
3.69
0.00%Net Income/Loss (Common) (+)
$523.86
443.22
-15.39%EPS (Basic)
$4.49
3.79
-15.59%EPS (Diluted)
$4.49
3.78
-15.81%Weighted Avg Shares (Basic)
116.90
116.90
-0.00%Cash
$43.02
60.26
40.08%Securities & Long-term Investments
$11400.41
11494.65
0.83%Property, Plant & Equipment (Net)
$470.28
426.76
-9.25%Other Assets
$14456.38
15199.62
5.14%Assets (Total)
$11812.37
11975.38
1.38%Accounts Payable
$683.75
730.37
6.82%Debt (Non-current)
$4980.96
5405.37
8.52%Other Liabilities
$
Liabilities (Total)
$5664.70
6135.74
8.32%AOCI
$-6.94
-5.30
Shareholder's Equity
$6125.43
5819.24
-5.00%Liabilities & Equity
$11812.37
11975.38
1.38%Net Income/Loss
$541.58
456.57
-15.70%Depreciation & Amortization
$592.44
629.53
6.26%Increase/Decrease in Working Capital
$
-46.62
Share-based Compensation
$15.79
16.84
6.65%Adjustments to Reconcile Net Income
$556.72
621.61
11.66%Net Cash (Operating)
$1098.29
1078.17
-1.83%Capital Expenditure
$639.13
642.12
0.47%Net Cash (Investing)
$-825.50
-690.22
Increase/Decrease in Debt
$446.65
423.42
-5.20%Increase/Decrease in Equity
$-9.09
-36.69
Interest Expenses
$164.88
190.26
15.39%Dividends Paid
$708.85
730.93
3.12%Net Cash (Financing)
$-271.12
-370.74
Increase/Decrease in Cash
$1.67
17.21
930.78%Cash (Beginning)
$55.09
56.76
3.03%Cash (Ending)
$56.76
73.97
30.33%NOPAT
$709.80
689.43
-2.87%Operating Margin %
32.40%
31.21%
NOPAT Margin %
32.40%
31.21%
Net Margin %
24.08%
20.23%
ROA
6.01%
5.76%
ROE
11.59%
11.85%
Equity Multiplier
1.93
2.06
Debt/Equity Ratio
0.81
0.93
Dividend Payout Ratio %
99.87%
106.02%
Total Payout
$436.17
534.47
22.54%Payout Ratio %
61.45%
77.52%