Mid-America Apartment Communities (BSP:M1AA34) Interest Expense : R$-742 Mil (TTM As of Dec. 2023)

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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 Dec. 2023 was R$ -189 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was R$-742 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 Dec. 2023 was R$ 867 Mil. Mid-America Apartment Communities's Interest Expense for the three months ended in Dec. 2023 was R$ -189 Mil. Mid-America Apartment Communities's Interest Coverage for the quarter that ended in Dec. 2023 was 4.58. 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.

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Mid-America Apartment Communities Interest Expense Chart

Mid-America Apartment Communities Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-738.18

-862.06

-887.15

-811.71

-731.22

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
Interest Expense	Get a 7-Day Free Trial															-199.77	-194.18	-178.24	-181.01	-189.03

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was R$-742 Mil.

Mid-America Apartment Communities (BSP:M1AA34) 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 Dec. 2023 was R$-189 Mil. Its Operating Income for the three months ended in Dec. 2023 was R$867 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was R$19,955 Mil.

Mid-America Apartment Communities's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	866.584	/	-189.029
	=	4.58

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

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

Industry

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

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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