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Mid-America Apartment Communities MAA Real Estate — Liabilities

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Other financials

Income statement

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Revenue$553.7M+0.8%
Net income$124.4M-31.5%
EPS (diluted)$1.06-31.2%

Balance sheet

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Cash & equivalents$71.5M+28.2%
Total debt$23.8M-7.2%
Total equity$5.5B-6.9%
Total assets$12.0B+1.5%

Cash flow

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Operating cash flow$149.6M-23.9%
CapEx$58.4M-19.6%
Free cash flow$91.3M-26.4%

Valuation

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Market cap$15.61B-5.2%
Enterprise value$15.56B-5.3%
P/E40.1×+11.3×
P/S7.1×-0.4×

Profitability

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Net margin17.6%-8.1pp
FCF margin31%-3.3pp

Returns & leverage

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Return on equity6.8%-2.6pp
Debt / equity0.0×

Where this comes from

Reported directly by Mid-America Apartment Communities in its filing.

Tagged under the XBRL concept us-gaap:Liabilities.

The source filing: Mid-America Apartment Communities’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:15 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-197331

The noncontrolling interests relating to the Company’s consolidated real estate entities are owned by private real estate companies that are generally responsible for the development, construction and lease-up of the apartment communities that are owned through the consolidated real estate entities with a noncontrolling interest. The entities were determined to be VIEs with the Company designated as the primary beneficiary. As a result, the accounts of the entities are consolidated by the Company. As of March 31, 2026, the consolidated assets of the Company’s consolidated real estate entities with a noncontrolling interest were $379.2 million, and consolidated liabilities were $15.1 million, after intercompany eliminations. As of December 31, 2025, the consolidated assets of the Company’s consolidated real estate entities with a noncontrolling interest were $386.4 million, and consolidated liabilities were $16.7 million, after intercompany eliminations. During the three months ended March 31, 2026, the Company paid $11.0 million to acquire the noncontrolling interest of a consolidated real estate entity.

Item 1. Financial Statements.

FAQ

What is Mid-America Apartment Communities's real estate — liabilities?
Mid-America Apartment Communities (MAA) reported real estate — liabilities of $15.1M in Q1 2026.
How has Mid-America Apartment Communities's real estate — liabilities changed year-over-year?
Mid-America Apartment Communities's real estate — liabilities decreased by 27.4% year-over-year, from $20.8M to $15.1M.
What is the long-term trend for Mid-America Apartment Communities's real estate — liabilities?
Over 4 years (2021 to 2025), Mid-America Apartment Communities's real estate — liabilities has grown at a 11.9% compound annual growth rate (CAGR), from $55.9M to $87.7M.
What does real estate — liabilities mean?
This metric aggregates all financial obligations directly attributable to the real estate segment, including mortgage debt, accounts payable, and accrued expenses related to property operations. It reflects the leverage profile and short-term financial commitments required to maintain and operate the portfolio. Monitoring this helps assess the segment's financial risk and its ability to service debt from property-level cash flows.

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