What does FL — area of land mean?

The total amount of land owned by the company in the Florida market.

How do you interpret FL — area of land?

An increase suggests active expansion or land banking for future development in Florida, while a decrease may indicate asset divestment or land sales. Changes in this metric help investors understand the company's strategic commitment to the Florida multifamily market.

How does FL — area of land compare across companies?

Peers in the multifamily REIT sector typically report land holdings by acreage or unit capacity, making this a standard measure of regional market exposure and growth potential.

Mid-America Apartment Communities MAA FL — Area Of Land

Discontinued — last reported Q2 '19

Similar metrics at other companies

EGPFLORIDA — Properties subject to ground leases

1—

MGMMA — Area Of Real Estate Property

$14—

LADRMiami Florida2 — Real Estate And Accumulated Depreciation Carrying Amount Of Land

$12.64M0.0%

REGFL — Real Estate And Accumulated Depreciation Carrying Amount Of Land

$94.99M+4.2%

AHRFL — Percentage Of Annual Base Rent

11.4%—

NYM

NYMTFlorida — Geographic concentration, percent

——

Other financials

Income statement

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Revenue$553.7M+0.8%

Net income$124.4M-31.5%

EPS (diluted)$1.06-31.2%

Balance sheet

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Cash & equivalents$71.5M+28.2%

Total debt$23.8M-7.2%

Total equity$5.5B-6.9%

Total assets$12.0B+1.5%

Cash flow

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Operating cash flow$149.6M-23.9%

CapEx$58.4M-19.6%

Free cash flow$91.3M-26.4%

Valuation

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Market cap$15.42B-27.1%

Enterprise value$15.37B-27.3%

P/E39.6×+2.2×

P/S7×-2.7×

Profitability

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Net margin17.6%-8.1pp

FCF margin31%-3.3pp

Returns & leverage

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Return on equity6.8%-2.6pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Mid-America Apartment Communities in its filing.

Tagged under the XBRL concept us-gaap:AreaOfLand.

The official record: Mid-America Apartment Communities’s 10-Q, filed August 1, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does FL — area of land mean?: The total amount of land owned by the company in the Florida market.
How do you interpret FL — area of land?: An increase suggests active expansion or land banking for future development in Florida, while a decrease may indicate asset divestment or land sales. Changes in this metric help investors understand the company's strategic commitment to the Florida multifamily market.
How does FL — area of land compare across companies?: Peers in the multifamily REIT sector typically report land holdings by acreage or unit capacity, making this a standard measure of regional market exposure and growth potential.