For the quarter ending 2026-03-31, MAA had $10,890K increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 126,611 | 57,241 | 102,044 | 110,875 |
| Depreciation and amortization | 162,040 | 159,942 | 156,819 | 298,865 |
| Gain on sale of depreciable real estate assets | 20,164 | 224 | 0 | -92 |
| Gain on sale of non-depreciable real estate assets | - | 0 | - | - |
| Gain on consolidation of third-party development | - | 0 | 0 | - |
| Loss on embedded derivative in preferred shares | -1,574 | -2,181 | 2,009 | -7,593 |
| Stock compensation expense | 5,822 | 4,696 | 3,416 | 6,870 |
| Amortization of debt issuance costs, discounts and premiums | 1,758 | 1,698 | 1,624 | 3,152 |
| Gain on investments | 21,894 | 1,687 | 5,357 | -1,255 |
| Change in accrued expenses and other liabilities | -100,880 | 46,618 | - | - |
| Net change in other operating accounts and operating activities | -5,223 | -8,793 | 9,899 | 169,455 |
| Net cash provided by operating activities | 149,644 | 261,672 | 266,436 | 353,449 |
| Purchases of real estate and other assets | 28,984 | 28,567 | 96,190 | 8,690 |
| Capital improvements and other | 58,369 | 103,075 | 95,622 | 88,905 |
| Development costs | 75,256 | 64,735 | 61,937 | 79,136 |
| Distributions from real estate joint venture | - | 337 | 0 | 0 |
| Contributions to affiliates | 750 | 1,675 | 750 | 3,750 |
| Proceeds from sale of markable equity securities | - | 0 | 0 | 0 |
| Proceeds from real estate asset dispositions | 40,801 | 225 | 0 | 0 |
| Net proceeds from insurance recoveries | - | -35 | 128 | 3,564 |
| Net cash used in investing activities | -122,558 | -197,525 | -254,371 | -176,917 |
| Net proceeds from (payments of) commercial paper | - | 213,000 | 148,000 | 86,000 |
| Net proceeds from commercial paper | 51,300 | - | - | - |
| Proceeds from notes payable | 200,474 | 397,416 | 0 | 0 |
| Principal payments on notes payable | - | 400,000 | 0 | 0 |
| Payment of deferred financing costs | 1,882 | 10,911 | 0 | 0 |
| Repurchase of common shares | 72,780 | 27,235 | - | - |
| Distributions to noncontrolling interests | 4,506 | 4,456 | 4,469 | 9,207 |
| Dividends paid on common shares | 178,854 | 177,379 | 177,361 | 348,911 |
| Dividends paid on preferred shares | 922 | 922 | 922 | 1,844 |
| Proceeds from issuances of common shares | 378 | 363 | 360 | 667 |
| Acquisition of noncontrolling interest | 11,034 | 26,786 | - | - |
| Net change in other financing activities | 1,630 | 806 | 143 | -488 |
| Net cash used in financing activities | -16,196 | -36,104 | -34,249 | -177,870 |
| Net increase in cash, cash equivalents and restricted cash | 10,890 | 28,043 | -22,184 | -1,338 |
| Cash, cash equivalents and restricted cash, beginning of period | 73,975 | 45,932 | 68,116 | 69,454 |
| Cash, cash equivalents and restricted cash, end of period | 84,865 | 73,975 | 45,932 | 68,116 |
MID AMERICA APARTMENT COMMUNITIES INC. (MAA)
MID AMERICA APARTMENT COMMUNITIES INC. (MAA)