← 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($224.4m) |
($340.5m)
-51.75%
|
($231.0m)
+32.16%
|
$366.6m
+258.69%
|
$264.0m
-27.99%
|
$550.7m
+108.59%
|
$654.8m
+18.90%
|
$567.8m
-13.28%
|
$541.6m
-4.62%
|
$456.6m
-15.70%
|
$410.7m
-10.04%
|
|
| Depreciation and amortization | ($323.3m) | ($494.5m) | ($491.0m) | $497.8m | $511.7m | $534.4m | $544.0m | $565.9m | $586.4m | $623.0m | $641.5m | |
| Amortization of debt issuance costs, discounts and premiums | ($9.8m) | ($9.8m) | ($5.0m) | $5.8m | $5.0m | $5.7m | $6.1m | $5.9m | $6.0m | $6.6m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $544.0m | $565.9m | $586.4m | $623.0m | $641.5m | |
| Stock compensation expense | $11.5m | $10.6m | $12.4m | $13.7m | $14.3m | $16.7m | $18.8m | $15.7m | $15.8m | $16.8m | — | |
| Change In Working Capital | — | — | — | — | — | — | ($16.1m) | ($24.5m) | ($34.8m) | $9.3m | ($30.2m) | |
| Change in accrued expenses and other liabilities | — | — | — | — | — | — | — | $29.3m | $38.6m | $46.6m | — | |
| Distributions on common shares/units declared and accrued | — | — | — | — | — | $128.9m | $166.1m | $176.2m | $181.7m | $183.3m | — | |
| Accrued construction in progress | $31.5m | $7.9m | $8.6m | $9.3m | $19.6m | $15.1m | $16.5m | $23.3m | $32.9m | $25.9m | — | |
| Net change in other operating accounts and operating activities | — | ($47.6m) | $9.3m | ($9.4m) | $32.6m | $55.9m | ($16.1m) | $4.9m | $3.8m | $9.3m | — | |
| Purchases of real estate and other assets | ($339.2m) | ($136.1m) | ($129.5m) | ($105.1m) | ($57.0m) | ($46.0m) | ($271.4m) | ($223.5m) | ($301.1m) | ($133.4m) | — | |
| Net cash provided by operating activities | $484.0m |
$658.5m
+36.05%
|
$734.3m
+11.51%
|
$781.4m
+6.42%
|
$823.9m
+5.44%
|
$895.0m
+8.62%
|
$1.1b
+18.27%
|
$1.1b
+7.44%
|
$1.1b
-3.42%
|
$1.1b
-1.83%
|
$1.0b
-6.26%
|
|
| Capital Expenditure | — | — | — | — | — | — | ($296.2m) | ($341.2m) | ($322.4m) | ($360.2m) | ($366.1m) | |
| Gain on investments | — | — | — | — | — | ($51.7m) | $45.4m | ($4.4m) | ($7.8m) | ($7.5m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $27.3m | $945k | $20.2m | $3.7m | $14.7m | |
| Net cash used in investing activities | ($710.5m) | $10.6m | ($366.4m) | ($238.3m) | ($484.7m) | ($253.6m) | ($405.2m) | ($775.3m) | ($825.5m) | ($690.2m) | ($727.6m) | |
| Net proceeds from (payments of) commercial paper | — | — | — | $70.0m | $102.0m | ($172.0m) | $20.0m | $475.0m | ($245.0m) | $426.0m | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $1.1b | $397.4m | $697.9m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $1.1b | $397.4m | $697.9m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($126.4m) | ($353.9m) | ($400.0m) | ($400.0m) | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($106.4m) | $121.1m | $446.6m | $423.4m | $646.9m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($126.4m) | ($353.9m) | $691.6m | ($2.6m) | $297.9m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $20.0m | $475.0m | ($245.0m) | $426.0m | $349.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($126.4m) | ($353.9m) | ($400.0m) | ($400.0m) | $0 | |
| Short Term Debt Payments | — | — | — | — | — | ($172.0m) | $0 | — | — | — | — | |
| Conversion of OP Units to shares of common stock | $902k | $1.6m | $4.4m | $2.4m | $502k | $43.3m | $2.1m | $1.1m | $3.5m | $6.8m | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($539.6m) | ($651.7m) | ($686.9m) | ($709.0m) | ($711.7m) | |
| Common Stock Issuance | — | — | — | — | — | — | $1.1m | $205.1m | $1.2m | $1.5m | $1.5m | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($27.2m) | ($150.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $1.1m | $205.1m | $1.2m | $1.5m | $1.5m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | $0 | ($27.2m) | ($150.0m) | |
| Dividends paid on common shares | ($247.7m) | ($395.3m) | ($419.8m) | ($437.7m) | ($457.4m) | ($470.4m) | ($539.6m) | ($651.7m) | ($686.9m) | ($709.0m) | ($715.4m) | |
| Dividends paid on preferred shares | — | ($3.7m) | ($3.7m) | ($3.7m) | ($3.7m) | ($3.7m) | ($3.7m) | ($3.7m) | ($3.7m) | ($3.7m) | ($715.4m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($543.3m) | ($655.4m) | ($690.6m) | ($712.7m) | ($715.4m) | |
| Dividends Received CFI | — | — | — | — | — | — | $538k | $312k | $327k | $337k | $103k | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($3.7m) | ($3.7m) | ($3.7m) | ($3.7m) | ($3.7m) | |
| Net change in other financing activities | — | ($4.5m) | ($1.5m) | $15.7m | ($1.1m) | ($6.1m) | ($9.6m) | ($5.3m) | $166k | $255k | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($74.2m) | ($38.7m) | ($28.4m) | ($55.7m) | ($69.1m) | |
| Net cash used in financing activities | $222.4m |
($397.9m)
-278.88%
|
($405.1m)
-1.83%
|
($524.3m)
-29.41%
|
($374.1m)
+28.64%
|
($546.4m)
-46.04%
|
($722.8m)
-32.28%
|
($367.9m)
+49.10%
|
($271.1m)
+26.31%
|
($370.7m)
-36.74%
|
($286.1m)
+22.82%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | $58.2m | ($32.9m) | ($37.2m) | $18.9m | ($34.9m) | $95.0m | ($69.5m) | ($6.0m) | $1.7m | $17.2m | — | |
| Cash, cash equivalents and restricted cash, beginning of period | $121.8m | $88.9m | $51.7m | $70.5m | $35.6m | $130.6m | $61.1m | $55.1m | $56.8m | $74.0m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $130.6m | $61.1m | $55.1m | $56.8m | $68.1m | |
| Restricted cash | ($315k) | $78.1m | $17.4m | $50.1m | $10.4m | $76.3m | $22.4m | $13.8m | $13.7m | $13.7m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| (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 | — | |
| Gain on consolidation of third-party development | — | — | — | — | — | — | $0 | $0 | ($11.2m) | $0 | — | |
| (Gain) loss on embedded derivative in preferred shares | — | — | $2.6m | ($17.9m) | ($2.6m) | $4.6m | $21.1m | ($18.5m) | $18.8m | ($1.1m) | — | |
| Capital improvements and other | ($80.4m) | ($343.9m) | $254.7m | ($303.1m) | ($426.9m) | ($279.6m) | ($296.2m) | ($341.2m) | ($322.4m) | ($360.2m) | — | |
| Development costs | — | — | — | ($112.9m) | ($201.4m) | ($231.6m) | ($172.1m) | ($198.2m) | ($313.9m) | ($272.0m) | — | |
| Distributions from real estate joint venture | $1.8m | $0 | $775k | $507k | $349k | $497k | $538k | $312k | $327k | $337k | — | |
| Contributions to affiliates | — | ($1.5m) | ($2.9m) | ($5.4m) | ($5.3m) | ($4.7m) | ($13.8m) | ($16.6m) | ($2.9m) | ($9.8m) | — | |
| Proceeds from real estate asset dispositions | — | — | — | — | $2.6m | $293.1m | $320.5m | $2.9m | $84.2m | $81.4m | — | |
| Proceeds from sale of markable equity securities | — | — | — | — | — | — | $0 | $0 | $10.0m | $0 | — | |
| Net proceeds from insurance recoveries | — | — | — | — | — | $14.8m | $27.3m | $945k | $20.2m | $3.7m | — | |
| Proceeds from notes payable | $300.0m | $597.5m | $869.6m | $1.1b | $447.6m | $594.4m | $0 | $0 | $1.1b | $397.4m | — | |
| Principal payments on notes payable | ($146.0m) | ($413.6m) | ($878.6m) | ($657.6m) | ($441.1m) | ($467.2m) | ($126.4m) | ($353.9m) | ($400.0m) | ($400.0m) | — | |
| Payment of deferred financing costs | ($2.4m) | ($5.4m) | ($6.1m) | ($14.3m) | ($4.2m) | ($5.9m) | ($5.5m) | ($2k) | ($10.3m) | ($10.9m) | — | |
| Repurchase of common shares | ($2.0m) | ($4.8m) | ($2.9m) | — | — | — | — | $0 | $0 | ($27.2m) | — | |
| Distributions to noncontrolling interests | ($13.8m) | ($14.7m) | ($15.1m) | ($15.9m) | ($16.2m) | ($15.5m) | ($14.9m) | ($17.7m) | ($18.3m) | ($18.2m) | — | |
| Proceeds from issuances of common shares | $291k | $1.6m | $585k | — | — | $645k | $1.1m | $205.1m | $1.2m | $1.5m | — | |
| Acquisition of noncontrolling interests | — | — | — | — | $0 | $0 | ($43.1m) | ($15.8m) | $0 | ($26.8m) | — | |
| Cash and cash equivalents | $33.5m | $10.8m | $34.3m | $20.5m | $25.2m | $54.3m | $38.7m | $41.3m | $43.0m | $60.3m | $68.1m | |
| Interest paid | $144.8m | $166.8m | $184.8m | $169.7m | $165.1m | $158.6m | $157.5m | $157.6m | $164.9m | $190.3m | $177.8m | |
| Income taxes paid | $1.6m | $2.4m | $2.5m | $2.5m | $2.5m | $2.5m | $3.5m | $4.0m | $3.3m | $300k | — | |
| Interest capitalized | $2.1m | $7.2m | $2.0m | $2.9m | $6.9m | $9.7m | $8.7m | $12.4m | $17.4m | $18.9m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($722.8m) | ($367.9m) | ($271.1m) | ($370.7m) | ($286.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($405.2m) | ($775.3m) | ($825.5m) | ($690.2m) | ($727.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($69.5m) | ($6.0m) | $1.7m | $17.2m | — | |
| Changes In Cash | — | — | — | — | — | — | ($69.5m) | ($6.0m) | $1.7m | $17.2m | ($3.1m) | |
| End Cash Position | — | — | — | — | — | — | $61.1m | $55.1m | $56.8m | $74.0m | $65.0m | |
| Financing Cash Flow | — | — | — | — | — | — | ($722.8m) |
($367.9m)
+49.10%
|
($271.1m)
+26.31%
|
($370.7m)
-36.74%
|
($286.1m)
+22.82%
|
|
| Free Cash Flow | — | — | — | — | — | — | $762.3m | $796.0m | $775.9m | $717.9m | $644.6m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($149.1m) | $6.3m | ($5.5m) | ($34.0m) | ($35.9m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($405.2m) | ($775.3m) | ($825.5m) | ($690.2m) | ($727.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($13.8m) | ($16.6m) | ($2.9m) | ($9.8m) | ($3.7m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($123.1m) | ($418.7m) | ($530.8m) | ($324.1m) | ($358.4m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $0 | $10.0m | $0 | $3.2m | |
| Operating Gains Losses | — | — | — | — | — | — | ($149.1m) | $6.3m | ($5.5m) | ($34.0m) | ($35.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | $6.1m | $5.9m | ($5.2m) | $6.6m | — | |
| Purchase Of Business | — | — | — | — | — | — | ($13.8m) | ($16.6m) | ($2.9m) | ($9.8m) | ($3.7m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($443.6m) | ($421.6m) | ($615.0m) | ($405.5m) | ($438.5m) | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $0 | $10.0m | $0 | $3.2m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $320.5m | $2.9m | $84.2m | $81.4m | $3.2m | |
| Stock Based Compensation | — | — | — | — | — | — | $18.8m | $15.7m | $15.8m | $16.8m | $17.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.