MAAMEDIUM SIGNALFINANCIAL10-K

MAA's operating income grew meaningfully while net income declined, alongside stronger cash positioning and modest increases in market valuation metrics.

The divergence between operating performance and net income suggests non-operating factors (likely interest expense or other financing costs) are offsetting operational improvements. The company's market capitalization increased to approximately $11.9 billion from $11.0 billion, reflecting improved investor sentiment despite the net income decline.

Comparing 2026-02-06 vs 2025-02-07View on EDGAR →
FINANCIAL ANALYSIS

MAA demonstrated solid operational progress with operating income growing meaningfully by 30.6% to $130.3M, indicating strong underlying business performance. However, net income declined 15.3% to $446.9M, suggesting elevated financing costs or other non-operating headwinds are pressuring bottom-line results. The company strengthened its liquidity position with cash and equivalents rising 40.1% to $60.3M, providing enhanced financial flexibility.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+40.1%
$43.0M→$60.3M

Cash position surged 40.1% — strong cash generation or capital raise providing significant financial cushion.

Operating Income
P&L
+30.6%
$99.7M→$130.3M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Net Income
P&L
-15.3%
$527.5M→$446.9M

Net income declined 15.3% — review whether driven by operations, interest costs, or non-recurring items.

LANGUAGE CHANGES
NEW — 2026-02-06
PRIOR — 2025-02-07
ADDED
held by non-affiliates was approximately $ 11.9 billion based on the closing price of $148.01 as reported on the New York Stock Exchange on June 30, 2025.
As of February 3, 2026, th ere were 116,901,020 shares of Mid-America Apartment Communities, Inc.
As of December 31, 2025, MAA owned 116,878,077 OP Units (97.5% of the total number of OP Units).
We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements do not discuss historical fact, but instead are statements related to expectations, projections, intentions, assumptions and beliefs regarding the future.
+7 more — sign up free →
REMOVED
held by non-affiliates was approximately $ 11.0 billion based on the closing price of $142.61 as reported on the New York Stock Exchange on June 28, 2024.
As of February 4, 2025, there were 116,901,778 shares of Mid-America Apartment Communities, Inc.
As of December 31, 2024, MAA owned 116,883,421 OP Units (97.4% of the total number of OP Units).
Forward-looking statements do not discuss historical fact, but instead include statements related to expectations, projections, intentions or other items related to the future.
Such forward-looking statements include, without limitation, statements regarding expected operating performance and results, property stabilizations, property acquisition and disposition activity, joint venture activity, development and renovation activity and other capital expenditures, and capital raising and financing activity, as well as lease pricing, revenue and expense growth, occupancy, interest rate and other economic expectations.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →