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Mid-America Apartment Communities (BSP:M1AA34) Long-Term Capital Lease Obligation : R$0 Mil (As of Mar. 2024)


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What is Mid-America Apartment Communities Long-Term Capital Lease Obligation?

Mid-America Apartment Communities's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was R$0 Mil.

Mid-America Apartment Communities's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (R$0 Mil) to Dec. 2023 (R$134 Mil) but then declined from Dec. 2023 (R$134 Mil) to Mar. 2024 (R$0 Mil).

Mid-America Apartment Communities's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (R$0 Mil) to Dec. 2022 (R$150 Mil) but then declined from Dec. 2022 (R$150 Mil) to Dec. 2023 (R$134 Mil).


Mid-America Apartment Communities Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mid-America Apartment Communities's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Mid-America Apartment Communities Long-Term Capital Lease Obligation Chart

Mid-America Apartment Communities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 150.39 133.98

Mid-America Apartment Communities Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 133.98 -

Mid-America Apartment Communities  (BSP:M1AA34) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Mid-America Apartment Communities (BSP:M1AA34) Business Description

Traded in Other Exchanges
Address
6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138
Mid-America Apartment Communities Inc, or MAA, is a real estate investment trust engaged in the acquisition, operation, and development of multifamily apartment communities located in southeastern and southwestern United States. Company operates two reportable segments; Same Store includes communities that the Company has owned and have been stabilized for at least a full 12 months as of the first day of the calendar year and Non-Same Store and Other includes recently acquired communities, communities being developed or in lease-up, communities that have been disposed of or identified for disposition, communities that have experienced a significant casualty loss and stabilized communities that do not meet the requirements to be Same Store communities. Key revenue comes from the Same Store.

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