What does same store — tenant reimbursements mean?

Income collected from tenants to cover specific operating costs like utilities or maintenance.

How do you interpret same store — tenant reimbursements?

An increase indicates effective cost-recovery mechanisms, while a decrease may suggest limitations in lease terms or lower utility usage by tenants.

How does same store — tenant reimbursements compare across companies?

Commonly referred to as 'Expense Recoveries' or 'Utility Reimbursements' in commercial and residential leases.

Mid-America Apartment Communities MAA Same Store — Tenant Reimbursements

Discontinued — last reported Q1 '18

Similar metrics at other companies

LADRAvailableforsale Securities — Tenant Recoveries

$0—

LADRCorporate Non — Tenant Reimbursements

$0—

AMHReportable Legal Entities — Tenant Reimbursements

$35.8M+26.2%

WPCRevenue From Reimbursements — Operating property revenues

$0-100%

WPCOperating Segments — Reimbursement Revenue

$6.39M+4.3%

PEA

PEAKTenant Reimbursements — Operating Leases Income Statement Lease Revenue

——

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:TenantReimbursements.

The official record: Mid-America Apartment Communities’s 10-Q, filed May 3, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does same store — tenant reimbursements mean?: Income collected from tenants to cover specific operating costs like utilities or maintenance.
How do you interpret same store — tenant reimbursements?: An increase indicates effective cost-recovery mechanisms, while a decrease may suggest limitations in lease terms or lower utility usage by tenants.
How does same store — tenant reimbursements compare across companies?: Commonly referred to as 'Expense Recoveries' or 'Utility Reimbursements' in commercial and residential leases.