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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mid-America Apartment Communities's annualized net income for the quarter that ended in Dec. 2024 was $667 Mil. Mid-America Apartment Communities's average Total Stockholders Equity over the quarter that ended in Dec. 2024 was $5,968 Mil. Therefore, Mid-America Apartment Communities's annualized ROE % for the quarter that ended in Dec. 2024 was 11.17%.
The historical rank and industry rank for Mid-America Apartment Communities's ROE % or its related term are showing as below:
During the past 13 years, Mid-America Apartment Communities's highest ROE % was 11.27%. The lowest was 3.56%. And the median was 7.26%.
The historical data trend for Mid-America Apartment Communities's ROE % 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.
Mid-America Apartment Communities Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
ROE % | Get a 7-Day Free Trial |
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4.26 | 8.98 | 10.61 | 9.11 | 8.74 |
Mid-America Apartment Communities Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROE % | Get a 7-Day Free Trial |
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10.48 | 9.42 | 6.73 | 7.68 | 11.17 |
For the REIT - Residential subindustry, Mid-America Apartment Communities's ROE %, along with its competitors' market caps and ROE % 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.
For the REITs industry and Real Estate sector, Mid-America Apartment Communities's ROE % distribution charts can be found below:
* The bar in red indicates where Mid-America Apartment Communities's ROE % falls into.
Mid-America Apartment Communities's annualized ROE % for the fiscal year that ended in Dec. 2024 is calculated as
ROE % | = | Net Income (A: Dec. 2024 ) | / | ( (Total Stockholders Equity (A: Dec. 2023 ) | + | Total Stockholders Equity (A: Dec. 2024 )) | / count ) |
= | 527.543 | / | ( (6113.238 | + | 5964.361) | / 2 ) | |
= | 527.543 | / | 6038.7995 | ||||
= | 8.74 % |
Mid-America Apartment Communities's annualized ROE % for the quarter that ended in Dec. 2024 is calculated as
ROE % | = | Net Income (Q: Dec. 2024 ) | / | ( (Total Stockholders Equity (Q: Sep. 2024 ) | + | Total Stockholders Equity (Q: Dec. 2024 )) | / count ) |
= | 666.584 | / | ( (5971.192 | + | 5964.361) | / 2 ) | |
= | 666.584 | / | 5967.7765 | ||||
= | 11.17 % |
* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2024) net income data. ROE % is displayed in the 30-year financial page.
Mid-America Apartment Communities (NYSE:MAA) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
ROE % | (Q: Dec. 2024 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 666.584 | / | 5967.7765 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (666.584 / 2199.328) | * | (2199.328 / 11784.3105) | * | (11784.3105 / 5967.7765) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 30.31 % | * | 0.1866 | * | 1.9747 |
= | ROA % | * | Equity Multiplier | ||
= | 5.66 % | * | 1.9747 | ||
= | 11.17 % |
With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.
The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:
ROE % | (Q: Dec. 2024 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 666.584 | / | 5967.7765 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (666.584 / 689.132) | * | (689.132 / 649.584) | * | (649.584 / 2199.328) | * | (2199.328 / 11784.3105) | * | (11784.3105 / 5967.7765) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.9673 | * | 1.0609 | * | 29.54 % | * | 0.1866 | * | 1.9747 |
= | 11.17 % |
Note: The net income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 2024) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thank you for viewing the detailed overview of Mid-America Apartment Communities's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gary Shorb | director | 6584 POPLAR AVE, MEMPHIS TN 38138 |
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 |
Bolton H Eric Jr | director, officer: President and Chief Executive | |
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 |
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