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Shareholders' Equity of MAA | 6 Months Ended
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Jun. 30, 2019
Shareholders Equity Of M A A [Abstract] |
Shareholders' Equity of MAA | 8.Shareholders' Equity of MAA As of June 30, 2019, 114,043,089 shares of common stock of MAA and 4,090,083 OP Units (excluding the OP Units held by MAA) were issued and outstanding, representing a total of 118,133,172 shares and units. As of June 30, 2018, 113,808,292 shares of common stock of MAA and 4,135,668 OP Units (excluding the OP Units held by MAA) were outstanding, representing a total of 117,943,960 shares and units. Options to purchase 60,442 shares of MAA's common stock were outstanding as of June 30, 2019, compared to 95,838 outstanding options as of June 30, 2018. During the six months ended June 30, 2019 and 2018, MAA issued 20,718 shares and 12,600 shares, respectively, related to the exercise of stock options. These exercises resulted in proceeds of $1.2 million and $0.6 million, respectively. Preferred Stock As of June 30, 2019, MAA had one outstanding series of cumulative redeemable preferred stock, which has the following characteristics:
Description |  | Outstanding Shares |  |  | Liquidation Preference(1) |  |  | Optional Redemption Date |  | Redemption Price (2) |  |  | Stated Dividend Yield |  |  | Approximate Dividend Rate |
Series I |  |  | 867,846 |  |  | $ | 50.00 |  |  | 10/1/2026 |  | $ | 50.00 |  |  |  | 8.50 | % |  | $ | 4.25 |
(1) | The total liquidation preference for the outstanding preferred stock is $43.4 million.
(2) | The redemption price is the price at which the preferred stock is redeemable, at MAA's option, for cash.

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- Definition Shareholders' Equity of MAA [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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