Mid-America Apartment Communities (MAA) FY2024 results: revenue $2.2 billion, up 2.0% on the year
Mid-America Apartment Communities, Inc. (MAA) reported revenue of $2.2 billion for fiscal 2024, the year ended 31 December 2024, up 2.0% on the year before. Net income was $528 million, down 4.6%, and diluted earnings per share $4.49. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2025.
Revenue
$2.2 billion
+2.0% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$528 million
-4.6% on the year
FY2017FY2024
Diluted EPS
$4.49
-4.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,098
1,137
1,058
-3.4%
Capital expenditure
322
341
296
-5.5%
Free cash flow
776
796
762
-2.5%
Free cash flow margin
35.4%
37.0%
37.7%
Cash from investing
-825
-775
-405
Cash from financing
-271
-368
-723
Depreciation and amortisation
586
566
544
+3.6%
Share-based compensation
15.8
15.7
18.8
+0.6%
Buybacks
0.0
0.0
n/a
Dividends paid
687
652
540
+5.4%
Dividend per share
$5.92
$5.67
$4.99
+4.5%
Diluted shares, weighted
117m
117m
116m
+0.1%
Shares outstanding at period end
117m
117m
115m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,942
6,094
6,005
-2.5%
Non-controlling interest
183
186
185
-1.4%
Redeemable equity
22.2
19.2
20.7
+16.0%
Debt
4,981
4,540
4,415
+9.7%
Other liabilities
684
645
616
+6.0%
Total liabilities and equity
11,812
11,485
11,241
+2.9%
Cash and equivalents
43.0
41.3
38.7
+4.1%
Other assets
11,769
11,443
11,203
+2.9%
Total assets
11,812
11,485
11,241
+2.9%
10-K for the year ended 31 December 2024, filed 7 February 2025: the filing.