Mid-America Apartment Communities (Mid-America Apartment Communities) Interest Expense : $-152 Mil (TTM As of Mar. 2024)

View and export this data going back to 1994. Start your Free Trial

What is Mid-America Apartment Communities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mid-America Apartment Communities's interest expense for the three months ended in Mar. 2024 was $ -40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-152 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Mid-America Apartment Communities's Operating Income for the three months ended in Mar. 2024 was $ 166 Mil. Mid-America Apartment Communities's Interest Expense for the three months ended in Mar. 2024 was $ -40 Mil. Mid-America Apartment Communities's Interest Coverage for the quarter that ended in Mar. 2024 was 4.11. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mid-America Apartment Communities Interest Expense Historical Data

The historical data trend for Mid-America Apartment Communities's Interest Expense 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.

* Premium members only.

Mid-America Apartment Communities Interest Expense Chart

Mid-America Apartment Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-179.85

-167.56

-156.88

-154.75

-149.23

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
Interest Expense	Get a 7-Day Free Trial															-37.28	-36.72	-36.65	-38.58	-40.36

Mid-America Apartment Communities Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-152 Mil.

Mid-America Apartment Communities (NYSE:MAA) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mid-America Apartment Communities's Interest Expense for the three months ended in Mar. 2024 was $-40 Mil. Its Operating Income for the three months ended in Mar. 2024 was $166 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $4,389 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	165.76	/	-40.361
	=	4.11

The higher the ratio, the stronger the company's financial strength is.

Mid-America Apartment Communities (Mid-America Apartment Communities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mid-America Apartment Communities Inc (NYSE:MAA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MAApI.PFD:USA M2K:Germany M1AA34:Brazil

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.

Executives

Bolton H Eric Jr	director, officer: President and Chief Executive
Timothy Argo	officer: EVP, Chief Strategy & Analysis	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Melanie Carpenter	officer: EVP & CHRO	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Robert J. Delpriore	officer: EVP, General Counsel	6584 POPLAR AVENUE, MEMPHIS TN 38138
William Reid Sanders	director	C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Tamara D Fischer	director	5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111
John Case	director	600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025
Deborah H Caplan	director	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Adrian Hill	officer: EVP, Chief Investment Officer	6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138
Campbell Albert M Iii	officer: EVP-Director of Finance	6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138
Monica Houle Mcgurk	director	C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017
Grimes Thomas L Jr	officer: EVP-Director of Property Mgm	6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138
David P Stockert	director	4401 NORTHSIDE PARKWAY, SUITE 800, ATLANTA GA 30327-3057
Green Edith Kelly	director	3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118
Russell R French	director	9 NORTH PARKWAY SQUARE, 4200 NORTHSIDE PARKWAY, ATLANTA GA 30327