Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Mid-America Apartment Communities's share price for the quarter that ended in Dec. 2023 was $134.46. Mid-America Apartment Communities's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 117 Mil. Therefore, Mid-America Apartment Communities's market cap for the quarter that ended in Dec. 2023 was $15,691 Mil.
Mid-America Apartment Communities's quarterly market cap
declined
from Jun. 2023 ($17,719 Mil) to Sep. 2023 ($15,012 Mil) but then
increased
from Sep. 2023 ($15,012 Mil) to Dec. 2023 ($15,691 Mil).
Mid-America Apartment Communities's annual market cap
declined
from Dec. 2021 ($26,463 Mil) to Dec. 2022 ($18,129 Mil) and
declined
from Dec. 2022 ($18,129 Mil) to Dec. 2023 ($15,691 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Mid-America Apartment Communities's Enterprise Value for Today is $19,405 Mil.
Mid-America Apartment Communities Market Cap Historical Data
The historical data trend for Mid-America Apartment Communities's Market Cap 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.
For the REIT - Residential subindustry, Mid-America Apartment Communities's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution
For the REITs industry and Real Estate sector, Mid-America Apartment Communities's Market Cap distribution charts can be found below:
* The bar in red indicates where Mid-America Apartment Communities's Market Cap falls into.
Mid-America Apartment Communities Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Mid-America Apartment Communities's Market Cap 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) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Mid-America Apartment Communities Market Cap Related Terms
Thank you for viewing the detailed overview of Mid-America Apartment Communities's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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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