XML 23 R8.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Earnings Per Common Share of MAA | 9 Months Ended
--- | ---
Sep. 30, 2022
Earnings Per Common Share Of M A A [Abstract] |
Earnings per Common Share of MAA | 2. Earnings per Common Share of MAA Basic earnings per share is computed using the two-class method by dividing net income available to MAA common shareholders by the weighted average number of common shares outstanding during the period. All outstanding unvested restricted share awards contain rights to non-forfeitable dividends and participate in undistributed earnings with common shareholders and, accordingly, are considered participating securities that are included in the two-class method of computing basic earnings per share. Both the unvested restricted shares and other potentially dilutive common shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis with diluted earnings per share being the more dilutive of the treasury stock or two-class methods. OP Units are included in dilutive earnings per share calculations when the units are dilutive to earnings per share. For the three and nine months ended September 30, 2022 and 2021, MAA’s diluted earnings per share was computed using the treasury stock method as presented below (dollars and shares in thousands, except per share amounts):
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Calculation of Earnings per common share - basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 125,703 |  |  | $ | 87,047 |  |  | $ | 455,840 |  |  | $ | 359,786 |
Net income attributable to noncontrolling interests |  |  | (3,392 | ) |  |  | (2,568 | ) |  |  | (12,025 | ) |  |  | (11,636 | )
Unvested restricted shares (allocation of earnings) |  |  | (82 | ) |  |  | (80 | ) |  |  | (308 | ) |  |  | (359 | )
Preferred dividends |  |  | (922 | ) |  |  | (922 | ) |  |  | (2,766 | ) |  |  | (2,766 | )
Net income available for MAA common shareholders, adjusted |  | $ | 121,307 |  |  | $ | 83,477 |  |  | $ | 440,741 |  |  | $ | 345,025 |
Weighted average common shares - basic |  |  | 115,363 |  |  |  | 114,933 |  |  |  | 115,325 |  |  |  | 114,568 |
Earnings per common share - basic |  | $ | 1.05 |  |  | $ | 0.73 |  |  | $ | 3.82 |  |  | $ | 3.01 |
Calculation of Earnings per common share - diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 125,703 |  |  | $ | 87,047 |  |  | $ | 455,840 |  |  | $ | 359,786 |
Net income attributable to noncontrolling interests (1) |  |  | (3,392 | ) |  |  | (2,568 | ) |  |  | (12,025 | ) |  |  | (11,636 | )
Preferred dividends |  |  | (922 | ) |  |  | (922 | ) |  |  | (2,766 | ) |  |  | (2,766 | )
Net income available for MAA common shareholders, adjusted |  | $ | 121,389 |  |  | $ | 83,557 |  |  | $ | 441,049 |  |  | $ | 345,384 |
Weighted average common shares - basic |  |  | 115,363 |  |  |  | 114,933 |  |  |  | 115,325 |  |  |  | 114,568 |
Effect of dilutive securities |  |  | 205 |  |  |  | 296 |  |  |  | 267 |  |  |  | 305 |
Weighted average common shares - diluted |  |  | 115,568 |  |  |  | 115,229 |  |  |  | 115,592 |  |  |  | 114,873 |
Earnings per common share - diluted |  | $ | 1.05 |  |  | $ | 0.73 |  |  | $ | 3.82 |  |  | $ | 3.01 |
(1) For the three and nine months ended September 30, 2022, 3.2 million OP Units and their related income are not included in the diluted earnings per share calculations as they are not dilutive. For the three and nine months ended September 30, 2021, 3.5 million OP Units and 3.8 million OP Units, respectively, and their related income are not included in the diluted earnings per share calculations as they are not dilutive.

X
- Definition Earnings per common share of MAA. + References No definition available. + Details
Name: | maa_EarningsPerCommonShareOfMAAAbstract
Namespace Prefix: | maa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration