Mid-America Apartment Communities (BSP:M1AA34) Total Assets : R$57,122 Mil (As of Mar. 2024)

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What is Mid-America Apartment Communities Total Assets?

Mid-America Apartment Communities's Total Assets for the quarter that ended in Mar. 2024 was R$57,122 Mil.

During the past 12 months, Mid-America Apartment Communities's average Total Assets Growth Rate was 1.80% per year. During the past 3 years, the average Total Assets Growth Rate was 0.80% per year. During the past 5 years, the average Total Assets Growth Rate was 0.20% per year. During the past 10 years, the average Total Assets Growth Rate was 5.70% per year.

During the past 13 years, Mid-America Apartment Communities's highest 3-Year average Total Assets Growth Rate was 46.90%. The lowest was -2.40%. And the median was 7.20%.

Total Assets is connected with ROA %. Mid-America Apartment Communities's annualized ROA % for the quarter that ended in Mar. 2024 was 5.05%. Total Assets is also linked to Revenue through Asset Turnover. Mid-America Apartment Communities's Asset Turnover for the quarter that ended in Mar. 2024 was 0.05.

Mid-America Apartment Communities Total Assets Historical Data

The historical data trend for Mid-America Apartment Communities's Total Assets 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 Total Assets Chart

Mid-America Apartment Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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46,095.38

57,593.84

63,816.58

58,964.41

56,271.77

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
Total Assets	Get a 7-Day Free Trial															59,129.65	55,289.32	56,213.87	56,271.77	57,121.95

Mid-America Apartment Communities Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Mid-America Apartment Communities's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	30864.438	+	25407.33
	=	56,272

Mid-America Apartment Communities's Total Assets for the quarter that ended in Mar. 2024 is calculated as

Total Assets	=	Total Equity (Q: Mar. 2024 )	+	Total Liabilities (Q: Mar. 2024 )
	=	31255.61	+	25866.341
	=	57,122

Mid-America Apartment Communities (BSP:M1AA34) Total Assets Explanation

Total Assets is connected with ROA %.

Mid-America Apartment Communities's annualized ROA % for the quarter that ended in Mar. 2024 is

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	2863.364	/	( (56271.768	+	57121.951)	/ 2 )
	=	2863.364	/	56696.8595
	=	5.05 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Mid-America Apartment Communities's Asset Turnover for the quarter that ended in Mar. 2024 is

	Asset Turnover
=	Revenue (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
=	2707.129	/	( (56271.768	+	57121.951)	/ 2 )
=	2707.129	/	56696.8595
=	0.05

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Mid-America Apartment Communities Total Assets Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mid-America Apartment Communities Inc (BSP:M1AA34) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

MAApI.PFD:USA MAA:USA M2K:Germany

Address

6815 Poplar Avenue, Suite 500, Germantown, TN, USA, 38138

Website

https://www.maac.com

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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