Mid-America Apartment Communities (MAA) Revenue — Quarter Ended Jun 30, 2023
Revenue increased for the quarter, continuing the upward trend from the preceding quarter. Compared to the same quarter last year, revenue also rose, though at a slower pace than in previous periods.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased for the quarter, continuing the upward trend from the preceding quarter. Compared to the same quarter last year, revenue also rose, though at a slower pace than in previous periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$535.1M
Revenue reported for this quarter.
Quarter-over-quarter
+1.2%
Change from the immediately preceding quarter.
Year-over-year
+8.1%
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 |
|---|---|---|
| Sep 30, 2022 | $520.8M | +15.1% |
| Dec 31, 2022 | $528M | +13.9% |
| Mar 31, 2023 | $529M | +11.1% |
| Jun 30, 2023 | $535.1M | +8.1% |
Revenue performance
The quarter's revenue growth was modestly positive, building on the sequential gain seen in the prior quarter.
Quarterly comparison
Revenue exceeded the level of the immediately preceding quarter by a small margin, and showed a solid increase over the same quarter one year earlier.
What to watch
The year-over-year revenue growth rate has decelerated for four consecutive quarters.