Mid-America Apartment Communities (MAA) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose compared to both the prior quarter and the same period last year, continuing a gradual upward trend. The increase reflects ongoing operational stability without material disruptions.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose compared to both the prior quarter and the same period last year, continuing a gradual upward trend. The increase reflects ongoing operational stability without material disruptions.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$546.4M
Revenue reported for this quarter.
Quarter-over-quarter
+0.5%
Change from the immediately preceding quarter.
Year-over-year
+2.1%
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 |
|---|---|---|
| Sep 30, 2023 | $542M | +4.1% |
| Dec 31, 2023 | $542.2M | +2.7% |
| Mar 31, 2024 | $543.6M | +2.8% |
| Jun 30, 2024 | $546.4M | +2.1% |
Revenue performance
Sequential revenue growth was modest, while the year-over-year increase remained positive, indicating consistent business momentum.
Quarterly comparison
Compared to the immediately preceding quarter, revenue inched higher. Versus the same quarter one year earlier, revenue also advanced, marking a sustained improvement over the past twelve months.
What to watch
Given the modest sequential growth, monitor whether the pace of revenue expansion can be maintained in coming quarters.