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Earnings Per OP Unit of MAALP (Tables) | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Schedule of Diluted Earnings per Common Unit | For the years ended December 31, 2021, 2020 and 2019, MAALP’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):
Calculation of Earnings per common unit – basic |  | 2021 |  |  | 2020 |  |  | 2019 |
Net income |  | $ | 550,702 |  |  | $ | 264,015 |  |  | $ | 366,618 |
Net income attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (136 | )
Unvested restricted units (allocation of earnings) |  |  | (539 | ) |  |  | (338 | ) |  |  | (519 | )
Preferred unit distributions |  |  | (3,688 | ) |  |  | (3,688 | ) |  |  | (3,688 | )
Net income available for MAALP common unitholders, adjusted |  | $ | 546,475 |  |  | $ | 259,989 |  |  | $ | 362,275 |
Weighted average common units – basic |  |  | 118,400 |  |  |  | 118,248 |  |  |  | 117,944 |
Earnings per common unit – basic |  | $ | 4.62 |  |  | $ | 2.20 |  |  | $ | 3.07 |
Calculation of Earnings per common unit – diluted |  |  |  |  |  |  |  |  |
Net income |  | $ | 550,702 |  |  | $ | 264,015 |  |  | $ | 366,618 |
Net income attributable to noncontrolling interests |  |  | — |  |  |  | — |  |  |  | (136 | )
Preferred unit distributions |  |  | (3,688 | ) |  |  | (3,688 | ) |  |  | (3,688 | )
Net income available for MAALP common unitholders, adjusted |  | $ | 547,014 |  |  | $ | 260,327 |  |  | $ | 362,794 |
Weighted average common units – basic |  |  | 118,400 |  |  |  | 118,248 |  |  |  | 117,944 |
Effect of dilutive securities |  |  | 322 |  |  |  | 312 |  |  |  | 259 |
Weighted average common units – diluted |  |  | 118,722 |  |  |  | 118,560 |  |  |  | 118,203 |
Earnings per common unit – diluted |  | $ | 4.61 |  |  | $ | 2.20 |  |  | $ | 3.07 |

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