Financials Mid-America Apartment Communities, Inc. NYSE

Stocks

MAA.PRI

US59522J8898

Residential REITs

Delayed NYSE 09:45:00 2026-08-19 EDT			5-day change	1st Jan Change
53.85 ^USD	+0.34%		+0.65%	+0.65%

08-12	Jefferies Adjusts PT on Mid-America Apartment Communities to $152 From $141, Maintains Hold Rating	MT
08-12	Morgan Stanley Adjusts PT on Mid-America Apartment Communities to $147 From $155, Keeps Overweight Rating	MT

Projected Income Statement: Mid-America Apartment Communities, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,778	2,020	2,148	2,191	2,209	2,228	2,291	2,386
Change	-	13.6%	6.37%	1.98%	0.83%	0.87%	2.79%	4.16%
EBITDA ¹	1,013	1,178	1,262	1,247	1,247	1,256	1,275	1,201
Change	-	16.29%	7.13%	-1.15%	-0.03%	0.74%	1.5%	-5.83%
EBIT ¹	464.9	628.9	688.9	656.8	619.4	589	602.6	647.7
Change	-	35.28%	9.54%	-4.67%	-5.68%	-4.92%	2.32%	7.47%
Interest Paid ¹	-156.9	-154.7	-149.2	-168.5	-185.3	-215.4	-237.4	-250.8
Earnings before Tax (EBT) ¹	563.1	647	570.8	544.9	459.1	429	370.5	380.3
Change	-	14.89%	-11.77%	-4.55%	-15.74%	-6.56%	-13.64%	2.64%
Net income ¹	530.1	633.7	549.1	523.9	443.2	435.5	365.1	383.6
Change	-	19.55%	-13.35%	-4.6%	-15.39%	-1.73%	-16.18%	5.06%
Announcement Date	2/2/22	2/1/23	2/7/24	2/5/25	2/4/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	452.6	463.6	476.1	495	520.8	528	529	535.1	542	542.2	543.6	546.4	551.1	549.8	549.3	549.9	554.4	555.6	553.7	555.1	559	561.6	565.4	570.4	578.3	581.3	580.6	586.6
Change	-	2.43%	2.7%	3.98%	5.2%	1.38%	0.2%	1.16%	1.29%	0.04%	0.25%	0.52%	0.86%	-0.23%	-0.1%	0.11%	0.81%	0.21%	-0.33%	0.25%	0.69%	0.47%	0.67%	0.88%	1.39%	0.51%	-0.11%	1.03%
EBITDA ¹	256.2	275	274.7	278.6	301.6	316.5	313.5	313.8	315.2	319.3	309.8	311.6	310.8	314.9	312.8	305.9	308.5	319.7	309.9	304.1	307.9	318.4	315.1	312.6	317.4	329.1	321.2	322.9
Change	-	7.34%	-0.12%	1.43%	8.23%	4.94%	-0.95%	0.1%	0.48%	1.27%	-2.97%	0.59%	-0.25%	1.31%	-0.68%	-2.2%	0.86%	3.61%	-3.06%	-1.85%	1.25%	3.4%	-1.05%	-0.78%	1.54%	3.68%	-2.41%	0.54%
EBIT ¹	118.6	131.7	140.1	148	164	176.8	173.9	171.9	166.3	176.9	165.8	165.7	162.8	162.4	159.4	151.4	151	157.7	147.1	140.8	143.3	154.3	149	145.5	149.6	161.5	160.4	152
Change	-	10.98%	6.39%	5.68%	10.83%	7.77%	-1.64%	-1.16%	-3.24%	6.35%	-6.28%	-0.01%	-1.75%	-0.28%	-1.85%	-5.01%	-0.3%	4.46%	-6.71%	-4.32%	1.78%	7.68%	-3.42%	-2.31%	2.81%	7.93%	-0.68%	-5.26%
Charge d'intérêts ¹	-39.23	-39.11	-39.12	-38.9	-38.64	-38.08	-37.28	-36.72	-36.65	-38.58	-40.36	-41.26	-42.73	-44.19	-45.16	-45.11	-46.28	-48.71	-51.41	-53.13	-54.27	-56.12	-57.02	-59.13	-60.63	-61.27	-	-
Earnings before Tax (EBT) ¹	89.59	198.4	111.8	213.1	124.1	198	140.1	152.1	113.1	165.5	148.9	105.2	118.4	172.3	187	110.9	103.4	57.74	131.9	125	90.69	100.8	94.97	88.5	91.52	103.2	100	90.61
Change	-	121.46%	-43.67%	90.68%	-41.76%	59.56%	-29.24%	8.57%	-25.67%	46.36%	-10.02%	-29.35%	12.58%	45.45%	8.53%	-40.66%	-6.78%	-44.17%	128.37%	-5.22%	-27.43%	11.12%	-5.76%	-6.82%	3.42%	12.76%	-3.11%	-9.39%
Net income ¹	83.56	184.7	109.9	209.8	121.4	192.7	135	144.8	109.8	159.6	142.8	101	114.3	165.7	180.8	107.2	98.62	56.65	123.4	120.8	86.5	97.17	88.33	84.97	88.17	98.4	95.6	99.29
Change	-	121.07%	-40.52%	90.92%	-42.14%	58.75%	-29.95%	7.24%	-24.15%	45.3%	-10.48%	-29.26%	13.11%	45.02%	9.07%	-40.69%	-8.01%	-42.56%	117.9%	-2.11%	-28.41%	12.35%	-9.11%	-3.8%	3.76%	11.6%	-2.84%	3.86%
Announcement Date	10/27/21	2/2/22	4/27/22	7/27/22	10/26/22	2/1/23	4/26/23	7/26/23	10/25/23	2/7/24	5/1/24	7/31/24	10/30/24	2/5/25	4/30/25	7/30/25	10/29/25	2/4/26	4/29/26	7/29/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Mid-America Apartment Communities, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	4,462	4,376	4,499	4,938	5,345	5,743	5,940	6,183
Change	-	-1.93%	2.81%	9.76%	8.24%	7.44%	3.43%	4.09%
Announcement Date	2/2/22	2/1/23	2/7/24	2/5/25	2/4/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Mid-America Apartment Communities, Inc.

Fiscal Period: December	2022	2023	2024	2026	2027	2028
CAPEX ¹	271.4	223.5	937.3	471.8	328.5	335.1
Change	-	-17.68%	319.48%	-	-30.37%	1.99%
Free Cash Flow (FCF) ¹	787.1	913.7	-	-	-	-
Change	-	16.1%	-	-	-	-
Announcement Date	2/1/23	2/7/24	2/5/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Mid-America Apartment Communities, Inc.

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	56.96%	58.31%	58.73%	56.92%	56.44%	56.37%	55.66%	50.32%
EBIT Margin (%)	26.14%	31.13%	32.06%	29.97%	28.04%	26.43%	26.31%	27.15%
EBT Margin (%)	31.67%	32.03%	26.57%	24.87%	20.78%	19.25%	16.17%	15.94%
Net margin (%)	29.81%	31.38%	25.56%	23.91%	20.06%	19.55%	15.94%	16.08%
FCF margin (%)	-	38.97%	42.53%	-	-	-	-	-
FCF / Net Income (%)	-	124.19%	166.4%	-	-	-	-	-
Profitability
ROA	-	-	4.83%	4.5%	3.73%	3.58%	3.09%	3.33%
ROE	8.58%	10.59%	9.08%	8.7%	8.47%	7.31%	7.27%	7.49%
Financial Health
Leverage (Debt/EBITDA)	4.41x	3.72x	3.57x	3.96x	4.29x	4.57x	4.66x	5.15x
Debt / Free cash flow	-	5.56x	4.92x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	13.44%	10.4%	42.78%	-	21.17%	14.34%	14.04%
CAPEX / EBITDA (%)	-	23.05%	17.71%	75.16%	-	37.56%	25.77%	27.91%
CAPEX / FCF (%)	-	34.49%	24.45%	-	-	-	-	-
Items per share
Cash flow per share ¹	-	8.923	9.749	9.158	-	7.849	8.788	8.953
Change	-	-	9.25%	-6.06%	-	-	11.96%	1.88%
Dividend per Share ¹	4.162	4.675	5.67	5.925	6.075	6.139	6.268	5.943
Change	-	12.31%	21.28%	4.5%	2.53%	1.05%	2.1%	-5.18%
Book Value Per Share ¹	-	52	50.85	49.54	47.26	44.2	40.47	37.03
Change	-	-	-2.21%	-2.59%	-4.59%	-6.47%	-8.43%	-8.5%
EPS ¹	4.61	5.48	4.71	4.49	3.78	3.667	3.126	3.515
Change	-	18.87%	-14.05%	-4.67%	-15.81%	-2.99%	-14.76%	12.47%
Nbr of stocks (in thousands)	115,138	115,477	116,688	116,880	117,082	116,022	116,022	116,022
Announcement Date	2/2/22	2/1/23	2/7/24	2/5/25	2/4/26	-	-	-