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Mid-America Apartment Communities cash flow statement

In fiscal 2025, Mid-America Apartment Communities's operations generated $1.08bn of cash; it spent $360m on capital projects, leaving free cash flow of $718m. It returned $709m in dividends and $27.2m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2008Dec 20082009Dec 20092010Dec 20102011Dec 20112012Dec 20122017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1401401341722116617347818248951,0581,1371,0981,0781,001
Depreciation and amortisation9398107119132495491498512534544566586623651
Stock-based pay—136211121414171916161718
Capital spending4240274747344255190226280296341322360379
Free cash flow98101107125164317480591598615762796776718623
Free cash flow after stock pay—99104120162306467578584599744780760701605
Dividends paid66707792108395420438457470540652687709712
Share buybacks11132——————0027200
Shares issued12634306236196————112051145

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Mid-America Apartment Communities's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mid-America Apartment Communities.