Mid-America Apartment Communities (MAA) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased slightly compared to the prior quarter and showed a more notable gain versus the same quarter last year, continuing a trend of gradual growth. The result reflects a modest uplift in the period.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased slightly compared to the prior quarter and showed a more notable gain versus the same quarter last year, continuing a trend of gradual growth. The result reflects a modest uplift in the period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$543.6M
Revenue reported for this quarter.
Quarter-over-quarter
+0.3%
Change from the immediately preceding quarter.
Year-over-year
+2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.2B
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, 2023 | $535.1M | +8.1% |
| Sep 30, 2023 | $542M | +4.1% |
| Dec 31, 2023 | $542.2M | +2.7% |
| Mar 31, 2024 | $543.6M | +2.8% |
Revenue performance
The reported revenue represents a modest improvement from the preceding three-month period. The year-over-year comparison also highlights a steady upward trajectory, albeit at a slower pace than earlier quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue edged up marginally. Relative to the same quarter one year earlier, the increase was more pronounced, underscoring sustained demand.
What to watch
Monitor whether the revenue growth rate can be maintained given the deceleration observed in recent sequential comparisons.