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Secured Debt at other companies

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$469.35M+5.5%
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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$15.66B-3.4%
Enterprise value$15.61B-3.5%
P/E40.2×+11.8×
P/S7.1×-0.3×

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:SecuredDebt.

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
Line itemMarch 31, 2026December 31, 2025
Liabilities and equity
Liabilities:
Unsecured notes payable, net$5,296,096$5,044,979
Secured notes payable, net360,424360,393
Accrued expenses and other liabilities629,486730,366
Total liabilities6,286,0066,135,738
Redeemable common stock (1)18,18620,402
Shareholders’ equity:

Item 1. Financial Statements.

FAQ

What is Mid-America Apartment Communities's secured debt?
Mid-America Apartment Communities (MAA) reported secured debt of $360.42M in Q1 2026.
How has Mid-America Apartment Communities's secured debt changed year-over-year?
Mid-America Apartment Communities's secured debt increased by 0.0% year-over-year, from $360.3M to $360.42M.
What is the long-term trend for Mid-America Apartment Communities's secured debt?
Over 5 years (2020 to 2025), Mid-America Apartment Communities's secured debt has grown at a -5.8% compound annual growth rate (CAGR), from $485.34M to $360.39M.
What does secured debt mean?
Secured debt consists of long-term obligations for which specific real estate assets have been pledged as collateral. If the company defaults, lenders have a direct claim on the associated properties. This metric is essential for understanding the company's risk profile and the extent to which its property portfolio is encumbered.

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