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MAA Equity | 3 Months Ended
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Mar. 31, 2023
M A A Equity [Abstract] |
MAA Equity | 4. MAA Equity Changes in MAA’s total equity and its components for the three months ended March 31, 2023 and 2022 were as follows (dollars in thousands):
|  | Mid-America Apartment Communities, Inc. Shareholders’ Equity |  |  |  |  |  |  |  |  |  |
|  | Preferred Stock |  |  | Common Stock |  |  | Additional Paid-In Capital |  |  | Accumulated Distributions in Excess of Net Income |  |  | Accumulated Other Comprehensive Loss |  |  | Noncontrolling Interests - Operating Partnership |  |  | Noncontrolling Interests - Consolidated Real Estate Entities |  |  | Total Equity |
EQUITY BALANCE DECEMBER 31, 2022 |  | $ | 9 |  |  | $ | 1,152 |  |  | $ | 7,202,834 |  |  | $ | (1,188,854 | ) |  | $ | (10,052 | ) |  | $ | 163,595 |  |  | $ | 21,064 |  |  | $ | 6,189,748 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 135,910 |  |  |  | — |  |  |  | 3,664 |  |  |  | — |  |  |  | 139,574 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 261 |  |  |  | 17 |  |  |  | — |  |  |  | 278 |
Issuance and registration of common shares |  |  | — |  |  |  | 11 |  |  |  | 203,886 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 203,897 |
Shares repurchased and retired |  |  | — |  |  |  | — |  |  |  | (1,920 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,920 | )
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 479 |  |  |  | — |  |  |  | — |  |  |  | (479 | ) |  |  | — |  |  |  | — |
Shares issued in exchange for redeemable stock |  |  | — |  |  |  | 4 |  |  |  | 577 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 581 |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 793 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 793 |
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | (3,928 | ) |  |  | — |  |  |  | — |  |  |  | 3,928 |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 6,379 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,379 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | )
Dividends on common stock ($1.4000 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (163,252 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (163,252 | )
Dividends on noncontrolling interests units ($1.4000 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,416 | ) |  |  | — |  |  |  | (4,416 | )
Distribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 256 |  |  |  | 256 |
EQUITY BALANCE MARCH 31, 2023 |  | $ | 9 |  |  | $ | 1,167 |  |  | $ | 7,408,307 |  |  | $ | (1,216,325 | ) |  | $ | (9,791 | ) |  | $ | 166,309 |  |  | $ | 21,320 |  |  | $ | 6,370,996 |
|  | Mid-America Apartment Communities, Inc. Shareholders’ Equity |  |  |  |  |  |  |  |  |  |
|  | Preferred Stock |  |  | Common Stock |  |  | Additional Paid-In Capital |  |  | Accumulated Distributions in Excess of Net Income |  |  | Accumulated Other Comprehensive Loss |  |  | Noncontrolling Interests - Operating Partnership |  |  | Noncontrolling Interests - Consolidated Real Estate Entities |  |  | Total Equity |
EQUITY BALANCE DECEMBER 31, 2021 |  | $ | 9 |  |  | $ | 1,151 |  |  | $ | 7,230,956 |  |  | $ | (1,255,807 | ) |  | $ | (11,132 | ) |  | $ | 165,116 |  |  | $ | 23,614 |  |  | $ | 6,153,907 |
Net income (loss) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 110,802 |  |  |  | — |  |  |  | 3,068 |  |  |  | (293 | ) |  |  | 113,577 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 272 |  |  |  | 7 |  |  |  | — |  |  |  | 279 |
Issuance and registration of common shares |  |  | — |  |  |  | — |  |  |  | 21 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 21 |
Shares repurchased and retired |  |  | — |  |  |  | — |  |  |  | (3,162 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,162 | )
Exercise of stock options |  |  | — |  |  |  | — |  |  |  | 28 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 28 |
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 193 |  |  |  | — |  |  |  | — |  |  |  | (193 | ) |  |  | — |  |  |  | — |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,533 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,533 |
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | 953 |  |  |  | — |  |  |  | — |  |  |  | (953 | ) |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 6,928 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6,928 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | )
Dividends on common stock ($1.0875 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (125,433 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (125,433 | )
Dividends on noncontrolling interests units ($1.0875 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,479 | ) |  |  | — |  |  |  | (3,479 | )
Acquisition of noncontrolling interest |  |  | — |  |  |  | — |  |  |  | (37,443 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,627 | ) |  |  | (43,070 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,155 |  |  |  | 2,155 |
EQUITY BALANCE MARCH 31, 2022 |  | $ | 9 |  |  | $ | 1,151 |  |  | $ | 7,198,474 |  |  | $ | (1,268,827 | ) |  | $ | (10,860 | ) |  | $ | 163,566 |  |  | $ | 19,849 |  |  | $ | 6,103,362 |

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- Definition Consolidated Statements of Equity [Text Block] + References No definition available. + Details
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- Definition MAA Equity. + References No definition available. + Details
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