Earnings Per OP Unit of MAALP (Tables)

9 Months Ended

Sep. 30, 2019

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

Schedule of Diluted Earnings per Common Unit

For the three and nine months ended September 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 September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Calculation of Earnings per Common Unit - basic
Net income	$	81,459		$	54,704		$	211,558		$	167,505
Unvested restricted stock (allocation of earnings)		(118	)		(69	)		(302	)		(211	)
Preferred unit distributions		(922	)		(922	)		(2,766	)		(2,766	)
Net income available for common unitholders, adjusted	$	80,419		$	53,713		$	208,490		$	164,528

Weighted average common units - basic		117,958			117,796			117,910			117,768
Earnings per common unit - basic	$	0.68		$	0.46		$	1.77		$	1.40

Calculation of Earnings per Common Unit - diluted
Net income	$	81,459		$	54,704		$	211,558		$	167,505
Preferred unit distributions		(922	)		(922	)		(2,766	)		(2,766	)
Net income available for common unitholders, adjusted	$	80,537		$	53,782		$	208,792		$	164,739

Weighted average common units - basic		117,958			117,796			117,910			117,768
Effect of dilutive securities		260			239			238			201
Weighted average common units - diluted		118,218			118,035			118,148			117,969
Earnings per common unit - diluted	$	0.68		$	0.46		$	1.77		$	1.40