Mid-America Apartment Communities (LTS:0K1E) Long-Term Capital Lease Obligation : $0 Mil (As of Sep. 2024)

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What is Mid-America Apartment Communities Long-Term Capital Lease Obligation?

Mid-America Apartment Communities's Long-Term Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0 Mil.

Mid-America Apartment Communities's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($0 Mil) to Dec. 2022 ($29 Mil) but then declined from Dec. 2022 ($29 Mil) to Dec. 2023 ($27 Mil).

Mid-America Apartment Communities Long-Term Capital Lease Obligation Historical Data

The historical data trend for Mid-America Apartment Communities's Long-Term Capital Lease Obligation 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 Long-Term Capital Lease Obligation Chart

Mid-America Apartment Communities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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28.67

27.34

Mid-America Apartment Communities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															-	27.34	-	-	-

Mid-America Apartment Communities (LTS:0K1E) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Mid-America Apartment Communities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mid-America Apartment Communities Inc (LTS:0K1E) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

MAApI.PFD:USA MAA:USA M2K:Germany 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.

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