Mid-America Apartment Communities (MAA) Revenue — Quarter Ended Mar 31, 2023
Revenue rose year over year and edged up from the prior quarter, extending a multi-quarter streak of growth. The performance reflects sustained demand despite a modest deceleration in the sequential pace.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue rose year over year and edged up from the prior quarter, extending a multi-quarter streak of growth. The performance reflects sustained demand despite a modest deceleration in the sequential pace.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$529M
Revenue reported for this quarter.
Quarter-over-quarter
+0.2%
Change from the immediately preceding quarter.
Year-over-year
+11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $495M | +13.3% |
| Sep 30, 2022 | $520.8M | +15.1% |
| Dec 31, 2022 | $528M | +13.9% |
| Mar 31, 2023 | $529M | +11.1% |
Revenue performance
The quarter delivered a solid year-over-year gain and a slight sequential increase, maintaining the upward trajectory seen in recent periods.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was modestly higher, and it was substantially higher than the same quarter one year earlier.
What to watch
The sequential growth rate has narrowed, warranting attention to whether the pace of expansion will sustain in coming quarters.