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Earnings Per Common Share of MAA (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Common Share Of M A A [Abstract]

Schedule of Computation of Earnings Per Share

For the years ended December 31, 2022, 2021 and 2020, 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):

Calculation of Earnings per common share - basic		2022				2021				2020
Net income		$	654,776			$	550,702			$	264,015
Net income attributable to noncontrolling interests			(17,340	)			(16,911	)			(9,053	)
Unvested restricted shares (allocation of earnings)			(438	)			(539	)			(338	)
Dividends to MAA Series I preferred shareholders			(3,688	)			(3,688	)			(3,688	)
Net income available for MAA common shareholders, adjusted		$	633,310			$	529,564			$	250,936
Weighted average common shares - basic			115,344				114,717				114,188
Earnings per common share - basic		$	5.49			$	4.62			$	2.20
Calculation of Earnings per common share - diluted
Net income		$	654,776			$	550,702			$	264,015
Net income attributable to noncontrolling interests (1)			(17,340	)			(16,911	)			(9,053	)
Dividends to MAA Series I preferred shareholders			(3,688	)			(3,688	)			(3,688	)
Net income available for MAA common shareholders, adjusted		$	633,748			$	530,103			$	251,274
Weighted average common shares - basic			115,344				114,717				114,188
Effect of dilutive securities			239				322				312
Weighted average common shares - diluted			115,583				115,039				114,500
Earnings per common share - diluted		$	5.48			$	4.61			$	2.19

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- Definition

Earnings per common share of MAA.

+ References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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