Mid-America Apartment Communities Inc (MAA) - Net Assets
Based on the latest financial reports, Mid-America Apartment Communities Inc (MAA) has net assets worth $5.71 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.99 Billion) and total liabilities ($6.29 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MAA goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.71 Billion |
| % of Total Assets | 47.59% |
| Annual Growth Rate | 11.57% |
| 5-Year Change | -5.57% |
| 10-Year Change | -12.21% |
| Growth Volatility | 46.65 |
Mid-America Apartment Communities Inc - Net Assets Trend (1994–2025)
This chart illustrates how Mid-America Apartment Communities Inc's net assets have evolved over time, based on quarterly financial data. See MAA days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mid-America Apartment Communities Inc (1994–2025)
The table below shows the annual net assets of Mid-America Apartment Communities Inc from 1994 to 2025. For live valuation and market cap data, see Mid-America Apartment Communities Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.84 Billion | -5.01% |
| 2024-12-31 | $6.15 Billion | -2.40% |
| 2023-12-31 | $6.30 Billion | +1.43% |
| 2022-12-31 | $6.21 Billion | +0.43% |
| 2021-12-31 | $6.18 Billion | +1.32% |
| 2020-12-31 | $6.10 Billion | -3.17% |
| 2019-12-31 | $6.30 Billion | -1.22% |
| 2018-12-31 | $6.38 Billion | -3.08% |
| 2017-12-31 | $6.58 Billion | -1.02% |
| 2016-12-31 | $6.65 Billion | +110.11% |
| 2015-12-31 | $3.17 Billion | +3.54% |
| 2014-12-31 | $3.06 Billion | -1.95% |
| 2013-12-31 | $3.12 Billion | +228.33% |
| 2012-12-31 | $949.82 Million | +27.76% |
| 2011-12-31 | $743.46 Million | +37.52% |
| 2010-12-31 | $540.63 Million | +19.28% |
| 2009-12-31 | $453.23 Million | +2.40% |
| 2008-12-31 | $442.62 Million | +2.98% |
| 2007-12-31 | $429.82 Million | -10.76% |
| 2006-12-31 | $481.67 Million | +22.77% |
| 2005-12-31 | $392.32 Million | +0.93% |
| 2004-12-31 | $388.70 Million | -1.17% |
| 2003-12-31 | $393.31 Million | +5.85% |
| 2002-12-31 | $371.58 Million | -15.98% |
| 2001-12-31 | $442.26 Million | -8.88% |
| 2000-12-31 | $485.38 Million | -6.65% |
| 1999-12-31 | $519.94 Million | -10.16% |
| 1998-12-31 | $578.74 Million | +10.37% |
| 1997-12-31 | $524.37 Million | +86.86% |
| 1996-12-31 | $280.62 Million | +15.34% |
| 1995-12-31 | $243.30 Million | +24.07% |
| 1994-12-31 | $196.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mid-America Apartment Communities Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 72391.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.17 Million | 0.02% |
| Other Comprehensive Income | $-5.30 Million | -0.09% |
| Other Components | $7.42 Billion | 130.60% |
| Total Equity | $5.68 Billion | 100.00% |
Mid-America Apartment Communities Inc Competitors by Market Cap
The table below lists competitors of Mid-America Apartment Communities Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CSG N.V.
AS:CSG
|
$15.50 Billion |
|
Raiffeisen Bank International AG
VI:RBI
|
$15.50 Billion |
|
Beiersdorf Aktiengesellschaft
F:BEI
|
$15.52 Billion |
|
AECC Aviation Power Co Ltd
SHG:600893
|
$15.53 Billion |
|
PTT Exploration and Production Public Company Limited
F:NVAL
|
$15.48 Billion |
|
RENAU.UNSP.ARD 1/5 EO-20
F:56S0
|
$15.47 Billion |
|
Jde Peets Nv
AS:JDEP
|
$15.46 Billion |
|
Akamai Technologies Inc
NASDAQ:AKAM
|
$15.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mid-America Apartment Communities Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,964,361,000 to 5,683,253,000, a change of -281,108,000 (-4.7%).
- Net income of 446,909,000 contributed positively to equity growth.
- Dividend payments of 712,712,000 reduced retained earnings.
- Share repurchases of 27,235,000 reduced equity.
- New share issuances of 1,452,000 increased equity.
- Other comprehensive income increased equity by 1,640,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $446.91 Million | +7.86% |
| Dividends Paid | $712.71 Million | -12.54% |
| Share Repurchases | $27.23 Million | -0.48% |
| Share Issuances | $1.45 Million | +0.03% |
| Other Comprehensive Income | $1.64 Million | +0.03% |
| Other Changes | $8.84 Million | +0.16% |
| Total Change | $- | -4.71% |
Book Value vs Market Value Analysis
This analysis compares Mid-America Apartment Communities Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.05x to 2.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $21.99 | $133.11 | x |
| 1995-12-31 | $20.64 | $133.11 | x |
| 1996-12-31 | $22.01 | $133.11 | x |
| 1997-12-31 | $33.63 | $133.11 | x |
| 1998-12-31 | $27.56 | $133.11 | x |
| 1999-12-31 | $24.79 | $133.11 | x |
| 2000-12-31 | $24.74 | $133.11 | x |
| 2001-12-31 | $22.72 | $133.11 | x |
| 2002-12-31 | $18.69 | $133.11 | x |
| 2003-12-31 | $19.12 | $133.11 | x |
| 2004-12-31 | $17.30 | $133.11 | x |
| 2005-12-31 | $16.78 | $133.11 | x |
| 2006-12-31 | $18.95 | $133.11 | x |
| 2007-12-31 | $15.75 | $133.11 | x |
| 2008-12-31 | $15.40 | $133.11 | x |
| 2009-12-31 | $15.19 | $133.11 | x |
| 2010-12-31 | $16.91 | $133.11 | x |
| 2011-12-31 | $18.48 | $133.11 | x |
| 2012-12-31 | $22.12 | $133.11 | x |
| 2013-12-31 | $55.57 | $133.11 | x |
| 2014-12-31 | $38.63 | $133.11 | x |
| 2015-12-31 | $42.12 | $133.11 | x |
| 2016-12-31 | $84.42 | $133.11 | x |
| 2017-12-31 | $55.86 | $133.11 | x |
| 2018-12-31 | $54.09 | $133.11 | x |
| 2019-12-31 | $53.33 | $133.11 | x |
| 2020-12-31 | $53.31 | $133.11 | x |
| 2021-12-31 | $53.76 | $133.11 | x |
| 2022-12-31 | $53.73 | $133.11 | x |
| 2023-12-31 | $52.41 | $133.11 | x |
| 2024-12-31 | $51.08 | $133.11 | x |
| 2025-12-31 | $48.53 | $133.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mid-America Apartment Communities Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.23%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.11x
- Recent ROE (7.86%) is above the historical average (6.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 4.59% | 13.65% | 0.12x | 2.88x | $-8.24 Million |
| 1995 | 4.84% | 10.34% | 0.17x | 2.79x | $-10.43 Million |
| 1996 | 5.91% | 12.75% | 0.18x | 2.53x | $-9.88 Million |
| 1997 | 2.43% | 8.05% | 0.12x | 2.59x | $-34.95 Million |
| 1998 | 5.17% | 12.41% | 0.16x | 2.64x | $-24.97 Million |
| 1999 | 7.22% | 14.80% | 0.17x | 2.80x | $-12.89 Million |
| 2000 | 6.84% | 13.26% | 0.17x | 2.99x | $-13.75 Million |
| 2001 | 7.20% | 12.58% | 0.18x | 3.17x | $-11.14 Million |
| 2002 | 4.92% | 6.92% | 0.19x | 3.78x | $-16.68 Million |
| 2003 | 5.75% | 8.39% | 0.17x | 4.00x | $-14.92 Million |
| 2004 | 7.05% | 9.41% | 0.18x | 4.26x | $-10.53 Million |
| 2005 | 5.45% | 6.64% | 0.19x | 4.33x | $-16.51 Million |
| 2006 | 4.66% | 6.42% | 0.19x | 3.89x | $-23.96 Million |
| 2007 | 9.96% | 11.32% | 0.20x | 4.45x | $-149.60K |
| 2008 | 7.25% | 8.18% | 0.19x | 4.61x | $-11.45 Million |
| 2009 | 8.64% | 9.83% | 0.19x | 4.61x | $-5.85 Million |
| 2010 | 5.50% | 7.40% | 0.18x | 4.03x | $-24.30 Million |
| 2011 | 6.76% | 10.87% | 0.18x | 3.50x | $-23.42 Million |
| 2012 | 11.08% | 21.16% | 0.18x | 2.90x | $10.24 Million |
| 2013 | 3.91% | 18.16% | 0.09x | 2.32x | $-179.91 Million |
| 2014 | 5.11% | 14.96% | 0.14x | 2.36x | $-141.66 Million |
| 2015 | 10.50% | 31.87% | 0.15x | 2.16x | $15.68 Million |
| 2016 | 3.19% | 18.86% | 0.10x | 1.74x | $-453.00 Million |
| 2017 | 5.17% | 21.48% | 0.13x | 1.81x | $-306.65 Million |
| 2018 | 3.49% | 14.19% | 0.14x | 1.77x | $-415.26 Million |
| 2019 | 5.61% | 21.56% | 0.15x | 1.78x | $-276.55 Million |
| 2020 | 4.17% | 15.17% | 0.15x | 1.83x | $-355.76 Million |
| 2021 | 8.63% | 30.02% | 0.16x | 1.82x | $-84.62 Million |
| 2022 | 10.26% | 31.56% | 0.18x | 1.81x | $16.39 Million |
| 2023 | 9.04% | 25.73% | 0.19x | 1.88x | $-58.52 Million |
| 2024 | 8.84% | 24.08% | 0.19x | 1.98x | $-68.89 Million |
| 2025 | 7.86% | 20.23% | 0.18x | 2.11x | $-121.42 Million |
Industry Comparison
This section compares Mid-America Apartment Communities Inc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $2,312,609,926
- Average return on equity (ROE) among peers: 6.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mid-America Apartment Communities Inc (MAA) | $5.71 Billion | 4.59% | 1.10x | $15.49 Billion |
| Apartment Investment and Management Co (AIV) | $1.75 Billion | 1.71% | 5.06x | $417.18 Million |
| American Homes 4 Rent (AMH) | $4.94 Billion | 0.14% | 0.64x | $11.79 Billion |
| AvalonBay Communities Inc (AVB) | $10.94 Billion | 9.18% | 0.82x | $24.99 Billion |
| Bluerock Homes Trust Inc. (BHM) | $491.99 Million | -0.20% | 0.34x | $36.64 Million |
| BRT Realty Trust (BRT) | $250.07 Million | 19.98% | 1.93x | $275.94 Million |
| Clipper Realty Inc (CLPR) | $37.20 Million | 14.08% | 19.62x | $50.73 Million |
| Camden Property Trust (CPT) | $1.83 Billion | 3.08% | 1.53x | $10.84 Billion |
| Centerspace (CSR) | $145.04 Million | 6.07% | 1.99x | $922.32 Million |
| Elme Communities (ELME) | $1.26 Billion | -2.44% | 0.48x | $178.60 Million |
| Equity Lifestyle Properties Inc (ELS) | $1.49 Billion | 17.66% | 2.57x | $12.18 Billion |
About Mid-America Apartment Communities Inc
Mid-America Apartment Communities, Inc. is a self-administered real estate investment trust (REIT) and member of S&P 500. MAA owns or has ownership interest in apartment communities primarily throughout the Southeast, Southwest and Mid-Atlantic regions of the U.S. focused on delivering strong, full-cycle investment performance. Mid-America Apartment Communities, Inc. was incorporated in 1977 in T… Read more