What is Mid-America Apartment Communities Total Assets?
Mid-America Apartment Communities's Total Assets for the quarter that ended in Dec. 2023 was $11,485 Mil.
During the past 12 months, Mid-America Apartment Communities's average Total Assets Growth Rate was 2.10% 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 annualizedROA % for the quarter that ended in Dec. 2023 was 5.61%. Total Assets is also linked to Revenue through Asset Turnover. Mid-America Apartment Communities's Asset Turnover for the quarter that ended in Dec. 2023 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 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
* 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.
Mid-America Apartment Communities (NYSE:MAA) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) 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 Dec. 2023 is
* 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.
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 (Mid-America Apartment Communities) Business Description
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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