XML 43 R28.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Notes To Financial Statements [Abstract] |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands):
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Same Store |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenues |  | $ | 394,556 |  |  | $ | 386,356 |  |  | $ | 1,170,844 |  |  | $ | 1,137,967 |
Other property revenues |  |  | 3,044 |  |  |  | 3,244 |  |  |  | 9,012 |  |  |  | 9,926 |
Total Same Store revenues |  |  | 397,600 |  |  |  | 389,600 |  |  |  | 1,179,856 |  |  |  | 1,147,893 |
Non-Same Store and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenues |  |  | 25,465 |  |  |  | 25,917 |  |  |  | 74,204 |  |  |  | 75,825 |
Other property revenues |  |  | 134 |  |  |  | 115 |  |  |  | 263 |  |  |  | 482 |
Total Non-Same Store and Other revenues |  |  | 25,599 |  |  |  | 26,032 |  |  |  | 74,467 |  |  |  | 76,307 |
Total rental and other property revenues |  | $ | 423,199 |  |  | $ | 415,632 |  |  | $ | 1,254,323 |  |  | $ | 1,224,200 |
Net Operating Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Same Store NOI |  | $ | 238,702 |  |  | $ | 241,362 |  |  | $ | 730,702 |  |  | $ | 717,216 |
Non-Same Store and Other NOI |  |  | 14,683 |  |  |  | 14,731 |  |  |  | 43,164 |  |  |  | 43,926 |
Total NOI |  |  | 253,385 |  |  |  | 256,093 |  |  |  | 773,866 |  |  |  | 761,142 |
Depreciation and amortization |  |  | (127,679 | ) |  |  | (124,684 | ) |  |  | (381,257 | ) |  |  | (371,417 | )
Property management expenses |  |  | (12,691 | ) |  |  | (13,899 | ) |  |  | (39,064 | ) |  |  | (41,195 | )
General and administrative expenses |  |  | (11,360 | ) |  |  | (10,225 | ) |  |  | (35,181 | ) |  |  | (32,960 | )
Interest expense |  |  | (41,010 | ) |  |  | (44,513 | ) |  |  | (126,610 | ) |  |  | (136,149 | )
Gain (loss) on sale of depreciable real estate assets |  |  | 20 |  |  |  | 1,000 |  |  |  | (7 | ) |  |  | 987 |
Gain on sale of non-depreciable real estate assets |  |  | 1,366 |  |  |  | — |  |  |  | 995 |  |  |  | 9,260 |
Other non-operating income (expense) |  |  | 242 |  |  |  | 18,800 |  |  |  | (13,647 | ) |  |  | 23,494 |
Income tax expense |  |  | (665 | ) |  |  | (1,491 | ) |  |  | (2,532 | ) |  |  | (2,814 | )
Income from real estate joint venture |  |  | 428 |  |  |  | 378 |  |  |  | 1,153 |  |  |  | 1,210 |
Net income attributable to noncontrolling interests |  |  | (2,126 | ) |  |  | (2,814 | ) |  |  | (6,096 | ) |  |  | (7,336 | )
Dividends to MAA Series I preferred shareholders |  |  | (922 | ) |  |  | (922 | ) |  |  | (2,766 | ) |  |  | (2,766 | )
Net income available for MAA common shareholders |  | $ | 58,988 |  |  | $ | 77,723 |  |  | $ | 168,854 |  |  | $ | 201,456 |
Assets for Reportable Segment | Assets for each reportable segment as of September 30, 2020 and December 31, 2019 were as follows (in thousands):
|  | September 30, 2020 |  |  | December 31, 2019 |
Assets: |  |  |  |  |  |  |  |
Same Store |  | $ | 9,740,808 |  |  | $ | 9,975,880 |
Non-Same Store and Other |  |  | 1,198,693 |  |  |  | 1,049,029 |
Corporate assets |  |  | 189,203 |  |  |  | 205,541 |
Total assets |  | $ | 11,128,704 |  |  | $ | 11,230,450 |

X
- Definition Notes to Financial Statements [Abstract] + References No definition available. + Details
Name: | maa_NotesToFinancialStatementsAbstract
Namespace Prefix: | maa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 + Details
Name: | us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration