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Mid-America Apartment Communities (Mid-America Apartment Communities) Effective Interest Rate on Debt % : 3.44% (As of Dec. 2023)


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What is Mid-America Apartment Communities Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Mid-America Apartment Communities's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $154 Mil. Mid-America Apartment Communities's average total debt for the quarter that ended in Dec. 2023 was $4,481 Mil. Therefore, Mid-America Apartment Communities's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.44%.


Mid-America Apartment Communities Effective Interest Rate on Debt % Historical Data

The historical data trend for Mid-America Apartment Communities's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

Mid-America Apartment Communities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 3.72 3.46 3.45 3.31

Mid-America Apartment Communities Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % 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 3.40 3.37 3.34 3.34 3.44

Competitive Comparison of Mid-America Apartment Communities's Effective Interest Rate on Debt %

For the REIT - Residential subindustry, Mid-America Apartment Communities's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mid-America Apartment Communities's Effective Interest Rate on Debt % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mid-America Apartment Communities's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Mid-America Apartment Communities's Effective Interest Rate on Debt % falls into.



Mid-America Apartment Communities Effective Interest Rate on Debt % Calculation

Mid-America Apartment Communities's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -149.234/( (4443.574+4567.569)/ 2 )
=-1  *  -149.234/4505.5715
=3.31 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4423.574 + 20
=4443.574

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4072.569 + 495
=4567.569

Mid-America Apartment Communities's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -154.316/( (4394.263+4567.569)/ 2 )
=-1  *  -154.316/4480.916
=3.44 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4394.263 + 0
=4394.263

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=4072.569 + 495
=4567.569

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Mid-America Apartment Communities  (NYSE:MAA) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Mid-America Apartment Communities Effective Interest Rate on Debt % Related Terms

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Mid-America Apartment Communities (Mid-America Apartment Communities) 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.
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