Mid-America Apartment Communities, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.21B | $2.19B | $2.15B | $2.02B | $1.78B | $1.68B | $1.64B | $1.57B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $54.8M | $56.5M | $58.6M | $58.8M | $52.9M | $46.9M | $43.8M | $38.9M |
| Operating Income | $644.3M | $713.4M | $720.1M | $801.7M | $720.0M | $433.4M | $548.5M | $405.4M |
| Operating Margin | 29.2% | 32.6% | 33.5% | 39.7% | 40.5% | 25.8% | 33.4% | 25.8% |
| Interest Expense | $185.3M | $168.5M | $149.2M | $154.7M | $156.9M | $167.6M | $179.8M | $173.6M |
| Pretax Income | $459.1M | $544.9M | $570.8M | $647.0M | $563.1M | $265.8M | $368.7M | $231.8M |
| Income Tax Expense | $4.6M | $5.2M | $4.7M | $-6.2M | $13.6M | $3.3M | $3.7M | $2.6M |
| Net Income | $446.9M | $527.5M | $552.8M | $637.4M | $533.8M | $255.0M | $353.8M | $222.9M |
| Net Margin | 20.2% | 24.1% | 25.7% | 31.6% | 30.0% | 15.2% | 21.6% | 14.2% |
| EPS (Basic) | $3.79 | $4.49 | $4.71 | $5.49 | $4.62 | $2.20 | $3.07 | $1.93 |
| EPS (Diluted) | $3.78 | $4.49 | $4.71 | $5.48 | $4.61 | $2.19 | $3.07 | $1.93 |
| Shares Outstanding (Basic) | 117.0M | 116.8M | 116.5M | 115.3M | 114.7M | 114.2M | 113.9M | 113.6M |
| Shares Outstanding (Diluted) | 117.1M | 116.8M | 116.6M | 115.6M | 115.0M | 114.5M | 114.1M | 113.8M |
| Dividends Per Share | $6.08 | $5.93 | $5.67 | $4.99 | $4.16 | $4.03 | $3.88 | $3.73 |