Earnings Per OP Unit of MAALP (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per O P Unitof M A A L P [Abstract]

Schedule of Diluted Earnings per Common Unit

For the three and six months ended June 30, 2019 and 2018, MAA's diluted earnings per common unit was computed using the treasury stock method as presented below (dollars and units in thousands, except per unit amounts):

	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
Calculation of Earnings per Common Unit - basic
Net income	$	64,141		$	61,981		$	130,099		$	112,801
Unvested restricted stock (allocation of earnings)		(96	)		(78	)		(184	)		(142	)
Preferred unit distributions		(922	)		(922	)		(1,844	)		(1,844	)
Net income available for common unitholders, adjusted	$	63,123		$	60,981		$	128,071		$	110,815

Weighted average common units - basic		117,935			117,783			117,886			117,754
Earnings per common unit - basic	$	0.53		$	0.52		$	1.09		$	0.94

Calculation of Earnings per Common Unit - diluted
Net income	$	64,141		$	61,981		$	130,099		$	112,801
Preferred unit distributions		(922	)		(922	)		(1,844	)		(1,844	)
Net income available for common unitholders, adjusted	$	63,219		$	61,059		$	128,255		$	110,957

Weighted average common units - basic		117,935			117,783			117,886			117,754
Effect of dilutive securities		249			207			211			174
Weighted average common units - diluted		118,184			117,990			118,097			117,928
Earnings per common unit - diluted	$	0.53		$	0.52		$	1.09		$	0.94