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Mid-America Apartment Communities MAA Exchange Offer (Note 12)

Exchange Offer (Note 12) at other companies

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$3.35M+50.9%

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$15.42B-27.1%
Enterprise value$15.37B-27.3%
P/E39.6×+2.2×
P/S-2.7×

Profitability

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Net margin17.6%-8.1pp

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:ConversionOfStockAmountConverted1.

The official record: Mid-America Apartment Communities’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mid-America Apartment Communities's exchange offer (note 12)?
Mid-America Apartment Communities (MAA) reported exchange offer (note 12) of $457K in Q1 2026.
How has Mid-America Apartment Communities's exchange offer (note 12) changed year-over-year?
Mid-America Apartment Communities's exchange offer (note 12) decreased by 39.8% year-over-year, from $759K to $457K.
What is the long-term trend for Mid-America Apartment Communities's exchange offer (note 12)?
Over 4 years (2021 to 2025), Mid-America Apartment Communities's exchange offer (note 12) has grown at a -37.1% compound annual growth rate (CAGR), from $43.29M to $6.76M.
What does exchange offer (note 12) mean?
The value of financial instruments converted into common stock.
How do you interpret exchange offer (note 12)?
High conversion activity may signal investor confidence or the maturity of convertible instruments.
How does exchange offer (note 12) compare across companies?
Common in REITs with UPREIT structures or convertible debt instruments.