MAA Balance Sheet (2009-2025) | MAA

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Balance Sheet	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents (Quarter)	0.01B	0.02B	0.01B	0.03B	0.03B	0.10B	0.05B	0.05B	0.01B	0.02B	0.06B	0.04B	0.02B	0.01B	0.01B	0.01B	0.01B	0.18B	0.09B	0.12B	0.03B	0.03B	0.06B	0.04B	0.04B	0.04B	0.12B	0.03B	0.03B	0.03B	0.03B	0.03B	0.07B	0.13B	0.01B	0.06B	0.06B	0.05B	0.03B	0.04B	0.06B	0.03B	0.02B	0.03B	0.02B	0.02B	0.03B	0.03B	0.03B	0.03B	0.05B	0.06B	0.06B	0.04B	0.04B	0.14B	0.15B	0.16B	0.04B	0.05B	0.06B	0.05B	0.04B	0.06B	0.05B	0.03B	0.06B
Cash & Current Investments (Quarter)	0.01B	0.02B	0.01B	0.03B	0.03B	0.10B	0.05B	0.05B	0.01B	0.02B	0.06B	0.04B	0.02B	0.01B	0.01B	0.01B	0.01B	0.18B	0.09B	0.12B	0.03B	0.03B	0.06B	0.04B	0.04B	0.04B	0.12B	0.03B	0.03B	0.03B	0.03B	0.03B	0.07B	0.13B	0.01B	0.06B	0.06B	0.05B	0.03B	0.04B	0.06B	0.03B	0.02B	0.03B	0.02B	0.02B	0.03B	0.03B	0.03B	0.03B	0.05B	0.06B	0.06B	0.04B	0.04B	0.14B	0.15B	0.16B	0.04B	0.05B	0.06B	0.05B	0.04B	0.06B	0.05B	0.03B	0.06B
Receivables - Other (Quarter)							0.00B				0.00B				0.00B				0.00B				0.00B
Non-Current Assets
Buildings (Quarter)			2.36B		2.41B	2.51B	2.56B	2.60B			2.88B	2.87B	2.97B	3.13B	3.16B	3.22B	3.24B	3.25B	6.37B	6.47B	6.60B	6.60B	6.78B	6.56B	6.71B	6.84B	6.94B	7.00B	7.10B	7.14B	10.52B	10.64B	10.64B	10.80B
Construction in Progress (Quarter)			0.01B		0.00B	0.00B	0.01B	0.02B			0.05B	0.07B	0.08B	0.04B	0.05B	0.05B	0.05B	0.03B	0.17B	0.10B	0.07B	0.07B	0.08B	0.07B	0.12B	0.04B	0.04B	0.10B	0.05B	0.08B	0.23B	0.38B	0.29B	0.30B	0.12B	0.10B	0.22B	0.15B	0.06B	0.06B	0.10B	0.10B	0.12B	0.16B		0.22B	0.28B	0.30B	0.30B	0.24B	0.25B	0.22B	0.27B	0.30B	0.33B	0.39B	0.39B	0.34B	0.39B	0.38B	0.39B	0.50B	0.47B	0.49B	0.48B	0.45B	0.43B
Land & Improvements (Quarter)			0.26B		0.26B	0.27B	0.29B	0.29B																															1.87B		1.88B	1.90B	1.91B	1.91B		1.91B	1.93B	1.96B	1.99B	1.98B	1.98B	1.98B	1.97B	1.99B	2.01B	2.01B	2.01B	2.01B	2.03B	2.03B	2.05B	2.09B	2.10B	2.10B	2.11B	2.11B	2.13B
Long-Term Investments (Quarter)			0.01B		0.01B	0.02B	0.02B	0.02B			0.02B	0.02B	0.01B	0.01B	0.00B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.04B	0.04B	0.04B	0.05B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B		0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B
Goodwill (Quarter)			0.00B		0.00B	0.00B	0.00B	0.00B			0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Goodwill & Intangibles (Quarter)			0.00B		0.00B	0.00B	0.00B	0.00B			0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Other Non-Current Assets (Quarter)			0.02B		0.00B	0.02B	0.00B	0.00B			0.00B	0.03B	0.01B	0.00B	0.00B	0.03B	0.01B	0.01B	0.04B	0.04B	0.03B	0.06B	0.03B	0.05B	0.06B	0.06B	0.05B	0.02B	0.05B	0.04B	0.09B	0.02B	0.03B	0.08B	0.08B	0.02B	0.03B	0.03B	0.02B	0.01B	0.06B	0.02B	0.05B	0.01B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.08B	0.01B	0.16B	0.01B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.07B	0.01B	0.07B	0.07B	0.07B
Assets (Quarter)			1.99B		2.00B	2.19B	2.18B	2.20B			2.53B	2.53B	2.60B	2.78B	2.75B	2.78B	2.83B	3.03B	6.84B	6.79B	4.66B	6.78B	6.82B	1.21B	0.10B	1.68B	6.85B	0.06B	6.87B	1.60B	0.23B	11.56B	11.53B	0.24B	1.43B	11.42B	0.16B	9.67B	11.32B	1.18B	11.27B	11.25B	11.23B	11.16B		11.13B	11.19B	11.19B	11.24B	11.25B	11.29B	11.20B	11.28B	11.34B	11.24B	11.35B	11.39B	11.38B	11.48B	11.47B	11.56B	11.76B	11.81B	11.81B	11.84B	11.93B	11.98B
Liabilities
Current Liabilities
Accounts Payables (Quarter)			0.00B		0.00B	0.00B	0.00B	0.00B			0.00B	0.00B	0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.02B	0.02B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B													0.09B				0.10B				0.10B				0.09B				0.11B				0.11B
Notes Payables (Quarter)			1.40B		1.36B	1.55B	1.50B	1.45B
Payables (Quarter)			1.40B		1.36B	1.55B	1.50B	1.45B			0.00B	0.00B	0.01B	0.01B	0.00B	0.01B	0.01B	0.01B	0.02B	0.02B	0.02B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B													0.09B				0.10B				0.10B				0.09B				0.11B				0.11B
Accumulated Expenses (Quarter)			0.07B		0.07B	0.08B	0.02B	0.07B			0.03B	0.08B	0.09B	0.10B	0.01B	0.09B	0.10B	0.11B	0.21B	0.20B	0.20B	0.24B	0.22B	0.20B	0.22B	0.24B	0.23B	0.21B	0.22B	0.26B	0.45B	0.37B	0.38B	0.01B	0.41B	0.00B	0.00B	0.47B	0.41B	0.00B	0.45B	0.52B	0.47B	0.45B		0.57B	0.53B	0.50B	0.55B	0.60B	0.58B	0.53B	0.57B	0.65B	0.62B	0.57B	0.62B	0.67B	0.65B	0.57B	0.66B	0.73B	0.68B	0.61B	0.70B	0.71B	0.73B
Other Accumulated Expenses (Quarter)																																																							0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Short term Debt (Quarter)															0.00B				0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.02B	0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Non-Current Liabilities
Non-Current Debt (Quarter)											0.14B	0.19B	1.23B	1.19B	1.19B	0.58B	1.11B	1.05B	1.68B	1.79B	1.91B	1.55B	1.92B	1.90B	1.41B	1.37B	1.29B	2.10B	2.10B	1.24B	3.18B	3.26B	3.44B	3.38B	0.98B	0.93B	0.93B	3.58B	0.48B	0.60B	3.88B	0.65B	0.63B	3.86B		0.49B	4.08B	0.37B	0.37B	4.18B	4.15B	0.36B	0.36B	0.36B	4.05B	0.36B	4.03B	0.36B	4.18B	4.26B	4.34B	4.52B	4.62B	4.68B	4.69B	4.84B	0.36B
Minority Interest (Quarter)			0.00B		0.00B	0.02B	0.00B	0.00B			0.00B	0.03B	0.03B	0.03B	0.00B	0.01B	0.03B	0.04B	0.01B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.23B	0.01B	0.01B	0.01B	0.22B	0.22B	0.01B	0.22B	0.01B	0.01B	0.21B		0.21B	0.02B	0.02B	0.19B	0.02B	0.03B	0.16B	0.17B	0.02B	0.02B	0.02B	0.17B	0.16B	0.16B	0.02B	0.02B	0.16B	0.02B	0.15B	0.02B	0.15B	0.14B
Liabilities from Discontinued Operations (Quarter)			0.00B			0.00B	0.00B						0.01B	0.00B			0.00B		0.00B					0.03B	0.00B
Other Non-Current Liabilities (Quarter)			0.01B		0.01B	0.01B	0.01B	0.01B			0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.01B	0.02B	0.02B	0.02B	0.02B	0.02B
Total Non-Current Liabilities (Quarter)			1.52B		1.49B	1.69B	1.62B	1.57B			1.78B	1.65B	1.72B	1.84B	1.79B	1.80B	1.81B	1.99B	3.71B	3.69B	3.71B	3.69B	3.75B	3.73B	3.68B	3.70B	3.67B	3.67B	3.73B	3.71B	4.93B	4.94B	4.97B	4.95B	4.89B
Total Liabilities (Quarter)			1.53B		1.50B	1.70B	1.63B	1.57B	-0.64B	-0.68B	1.78B	1.66B	1.73B	1.85B	1.80B	1.81B	1.82B	1.99B	3.72B	3.70B	3.72B	3.70B	3.76B	3.74B	3.69B	3.71B	3.68B	3.68B	3.74B	3.72B	4.95B	4.96B	4.99B	4.97B	4.91B	4.89B	4.96B	4.98B	4.94B	4.97B	4.99B	5.00B	4.93B	4.93B	-6.17B	5.00B	5.09B	5.16B	5.10B	5.14B	5.10B	5.07B	5.09B	5.17B	5.03B	4.96B	5.02B	5.06B	5.19B	5.19B	5.36B	5.60B	5.66B	5.65B	5.75B	5.91B	6.14B
Shareholder's Equity
Total Debt (Quarter)											0.14B	0.19B	1.23B	1.19B	1.19B	0.58B	1.11B	1.05B	1.68B	1.79B	1.91B	1.55B	1.92B	1.90B	1.41B	1.37B	1.29B	2.10B	2.10B	1.24B	3.18B	3.26B	3.44B	3.38B	0.98B	0.93B	0.93B	3.58B	0.48B	0.60B	3.88B	0.65B	0.65B	3.86B		0.49B	4.08B	0.37B	0.37B	4.18B	4.15B	0.37B	0.36B	0.36B	4.05B	0.36B	4.03B	0.36B	4.18B	4.26B	4.34B	4.52B	4.62B	4.68B	4.69B	4.84B	0.36B
Common Equity (Quarter)			0.45B		0.48B	0.47B	-0.58B	0.62B	0.64B	0.68B	0.74B	0.86B	0.87B	0.93B	0.95B	0.96B	0.98B	1.03B	-0.65B	2.91B	2.90B	3.08B	0.16B	3.05B	0.17B	3.17B	0.00B	0.16B	-0.00B	0.16B	6.64B	0.00B	6.23B	0.00B	6.57B	6.52B	6.48B	6.13B	6.37B	0.07B	0.22B	-0.02B	6.29B	0.21B	6.17B	0.01B	6.09B	5.75B	5.86B	5.84B	6.15B	6.10B	0.07B	5.91B	6.19B	6.37B	6.10B	0.02B	6.28B	6.01B	-1.40B	0.07B	5.94B	6.13B	5.83B	5.99B	5.82B
Shareholder's Equity (Quarter)			0.45B		0.50B	0.47B	0.54B	0.62B	0.64B	0.68B	-0.04B	0.86B	0.87B	0.93B	1.54B	1.57B	0.98B	0.99B	0.00B	2.91B	2.90B	2.91B	-0.73B	3.05B	2.98B	3.17B	3.16B	-0.00B	2.96B	3.15B	6.64B	0.00B	6.53B	0.07B	6.57B	6.52B	0.07B	6.43B	6.37B	-0.00B	0.22B	0.01B	6.29B	6.22B	0.07B	0.07B	6.09B	5.75B	5.86B	-0.01B	6.15B	5.86B	5.93B	0.07B	6.19B	6.13B	0.17B	0.07B	6.28B	0.16B	6.19B	0.07B	6.13B	-0.01B	6.07B	5.99B	5.82B
Liabilities and Shareholders Equity (Quarter)			1.99B		2.00B	2.19B	2.18B	2.20B			2.53B	2.53B	2.60B	2.78B	2.75B	2.78B	2.83B	3.03B	6.84B	6.79B	4.66B	6.78B	6.82B	1.21B	0.10B	1.68B	6.85B	0.06B	6.87B	1.60B	0.23B	11.56B	11.53B	0.24B	1.43B	11.42B	0.16B	9.67B	11.32B	1.18B	11.27B	11.25B	11.23B	11.16B		11.13B	11.19B	11.19B	11.24B	11.25B	11.29B	11.20B	11.28B	11.34B	11.24B	11.35B	11.39B	11.38B	11.48B	11.47B	11.56B	11.76B	11.81B	11.81B	11.84B	11.93B	11.98B
Retained Earnings (Quarter)			-0.05B		-0.06B	-0.06B	-0.05B	-0.04B			-0.04B	-0.03B	-0.03B	-0.03B	-0.03B	-0.02B	-0.01B	-0.00B	0.00B	0.00B	-0.00B	0.00B	-0.00B	-0.00B	0.00B	-0.01B	-0.00B	-0.00B	-0.00B	-0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	6.22B	0.01B	6.13B	-0.00B	6.04B	-0.01B	-0.01B	-0.01B	-0.01B		-0.01B	5.82B	-0.01B	-0.01B	-0.01B	5.91B	-0.01B	-0.01B	-0.01B	5.95B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B
Preferred Shares (Quarter)			0.00B		0.00B																										0.00B		0.00B	0.00B	0.07B	0.07B	0.07B	0.07B	0.00B	0.07B	0.00B	0.00B	0.00B	0.00B		0.00B	0.07B	0.00B	0.00B	0.07B	0.07B	0.00B	0.00B	0.00B	0.07B	0.00B	0.00B	0.00B	0.07B	0.00B	0.00B	0.00B	0.07B	0.00B	0.00B	0.00B	0.07B
Treasury Shares (Quarter)							0.00B				0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B

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MAA Balance Sheet (2009-2025) | MAA

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