Mid-America Apartment Communities, Inc. (MAA) Financial Statements (2024 and earlier)

Company Profile

Business Address 6815 POPLAR AVENUE
GERMANTOWN, TN 38138
State of Incorp. TN
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments150,155142,41138,65938,99660,56860,371
Cash and cash equivalents150,155142,41138,65938,99660,56860,371
Asset, held-for-sale, not part of disposal group    66,514  
Total current assets:150,155142,41138,659105,51060,56860,371
Noncurrent Assets
Operating lease, right-of-use asset43,50044,00044,60045,30045,90046,500
Property, plant and equipment2,403,3212,399,9622,340,3992,288,8882,239,3512,193,716
Long-term investments and receivables42,34742,33342,29042,44242,47642,732
Long-term investments42,34742,33342,29042,44242,47642,732
Total noncurrent assets:2,489,1682,486,2952,427,2892,376,6302,327,7272,282,948
Other undisclosed assets8,751,8478,723,6058,775,2178,856,0878,892,1068,855,756
TOTAL ASSETS:11,391,17011,352,31111,241,16511,338,22711,280,40111,199,075
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities5,020,1074,961,7255,030,7465,166,3275,089,8825,068,856
Total liabilities:5,020,1074,961,7255,030,7465,166,3275,089,8825,068,856
Temporary equity, carrying amount20,99119,59020,67120,14522,40326,857
Equity
Equity, attributable to parent, including:6,162,1176,183,3676,005,0895,967,7455,983,2745,919,947
Additional paid in capital7,405,5727,408,3077,202,8347,196,5047,191,9207,198,474
Accumulated other comprehensive loss(9,514)(9,791)(10,052)(10,321)(10,591)(10,860)
Other undisclosed equity, attributable to parent(1,233,941)(1,215,149)(1,187,693)(1,218,438)(1,198,055)(1,267,667)
Equity, attributable to noncontrolling interest187,955187,629184,659184,010184,842183,415
Total equity:6,350,0726,370,9966,189,7486,151,7556,168,1166,103,362
TOTAL LIABILITIES AND EQUITY:11,391,17011,352,31111,241,16511,338,22711,280,40111,199,075

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues535,146529,033527,965520,783495,040476,078
Gross profit:535,146529,033527,965520,783495,040476,078
Operating expenses(168,946)(172,337)(87,214)(165,330)(33,389)(166,599)
Operating income:366,200356,696440,751355,453461,651309,479
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
16,9923,467(23,465)(1,718)(28,325)10,795
Interest and debt expense(36,723)(37,281)(38,084)(38,637)(38,905)(39,121)
Other undisclosed loss from continuing operations before equity method investments, income taxes(194,333)(182,749)(181,174)(190,992)(181,322)(169,397)
Income from continuing operations before equity method investments, income taxes:152,136140,133198,028124,106213,099111,756
Income from equity method investments382385450341409379
Income from continuing operations before income taxes:152,518140,518198,478124,447213,508112,135
Income tax expense (benefit)(2,861)(944)4581,2563,0521,442
Income from continuing operations:149,657139,574198,936125,703216,560113,577
Income before gain (loss) on sale of properties:125,703216,560113,577
Net income:149,657139,574198,936125,703216,560113,577
Net loss attributable to noncontrolling interest(3,969)(3,664)(5,315)(3,392)(5,858)(2,775)
Net income attributable to parent:145,688135,910193,621122,311210,702110,802
Preferred stock dividends and other adjustments(922)(922)(922)(922)(922)(922)
Net income available to common stockholders, diluted:144,766134,988192,699121,389209,780109,880

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:149,657139,574198,936125,703216,560113,577
Other undisclosed comprehensive income278278279279277279
Comprehensive income:149,935139,852199,215125,982216,837113,856
Comprehensive loss, net of tax, attributable to noncontrolling interest(3,970)(3,681)(5,325)(3,401)(5,866)(2,782)
Comprehensive income, net of tax, attributable to parent:145,965136,171193,890122,581210,971111,074

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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