546M 0.5%
Total Revenue QoQ (USD) - Q2 '24

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Income Statement (USD)

Q2 '24 QoQ
Revenue 546M 0.5%
Gross Profit 389M 1.4%
Cost of Revenue 158M 1.5%
Operating expense 175M 2.9%
Net Income 102M 29.1%
EBITDA 289M 12.1%

Balance Sheet (USD)

Q2 '24 QoQ
Total Assets 11.6B 0.8%
Total Liabilities 5.36B 3.1%
Total Equity 6B 1.1%
Shares Outstanding 117M 0.1%

Cash Flow (USD)

Q2 '24 QoQ
Cash from operations 349M 74.5%
Cash from investing -237M 154.6%
Cash from financing -104M 10.5%

EPS

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Financial Highlights for Mid-America Apartment Communities in Q2 '24

Mid-America Apartment Communities reported a revenue of 546M, which is a 0.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 389M, marking a 1.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 158M, a -1.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 175M, showing a -2.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 102M, showing a -29.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 289M, showing a -12.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

Mid-America Apartment Communities faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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