Mid-America Apartments

Halal Rating :
Uncomfortable
Last Price $158
Market Cap $18.44b
1D Change

0.24 %

1 Year Change

17.17 %

Next Earnings Date

Yet to be announced

Company Overview

As of December 31, 2020, MAA had ownership interest in 102,772 apartment units, including communities currently in development, across 16 states and the District of Columbia. MAA is an S&P 500 company.

Revenue Sources

Pass

Based on the financial data and SEC filings, MAA generates its primary revenue from apartment rentals and related services. The company's core business model involves leasing residential properties and providing associated property management services, which are halal activities. There is no evidence of revenue from prohibited sources such as alcohol, gambling, or other haram activities.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $551.13m $431.0m - $42.73m 0.00% 9.91%
June 30, 2024 $546.43m $421.95m - $41.27m 0.00% 9.78%
March 31, 2024 $543.62m $418.23m - $40.36m 0.00% 9.65%
Dec. 31, 2023 $542.25m $403.97m - $38.58m 0.00% 9.55%

Analyzing the last four quarters of financial data, we observe that interest expenses represent a material portion of the company's total expenses. This is typical for REITs due to their capital-intensive nature and use of leverage to finance property acquisitions. The interest expense to total expense ratios consistently exceed the 5% threshold across all quarters examined.

Operational Ethics

Pass

After reviewing available information, including SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company's operations are primarily concentrated in the United States, with no indication of business ties to Israel or the Chinese Communist Party.

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