XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.23.3

MAA Equity | 9 Months Ended
--- | ---
Sep. 30, 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 September 30, 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 JUNE 30, 2023 |  | $ | 9 |  |  | $ | 1,168 |  |  | $ | 7,405,572 |  |  | $ | (1,235,118 | ) |  | $ | (9,514 | ) |  | $ | 165,626 |  |  | $ | 22,329 |  |  | $ | 6,350,072 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 110,732 |  |  |  | — |  |  |  | 3,000 |  |  |  | — |  |  |  | 113,732 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 270 |  |  |  | 9 |  |  |  | — |  |  |  | 279 |
Issuance and registration of common shares |  |  | — |  |  |  | — |  |  |  | 158 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 158 |
Shares repurchased and retired |  |  | — |  |  |  | — |  |  |  | (26 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (26 | )
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 363 |  |  |  | — |  |  |  | — |  |  |  | (363 | ) |  |  | — |  |  |  | — |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,242 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,242 |
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | (86 | ) |  |  | — |  |  |  | — |  |  |  | 86 |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 4,128 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,128 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | )
Dividends on common stock ($1.4000 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (163,362 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (163,362 | )
Dividends on noncontrolling interests units ($1.4000 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,408 | ) |  |  | — |  |  |  | (4,408 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 696 |  |  |  | 696 |
EQUITY BALANCE SEPTEMBER 30, 2023 |  | $ | 9 |  |  | $ | 1,168 |  |  | $ | 7,410,109 |  |  | $ | (1,285,428 | ) |  | $ | (9,244 | ) |  | $ | 163,950 |  |  | $ | 23,025 |  |  | $ | 6,303,589 |
|  | 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 JUNE 30, 2022 |  | $ | 9 |  |  | $ | 1,152 |  |  | $ | 7,191,920 |  |  | $ | (1,199,216 | ) |  | $ | (10,591 | ) |  | $ | 165,062 |  |  | $ | 19,780 |  |  | $ | 6,168,116 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 122,311 |  |  |  | — |  |  |  | 3,392 |  |  |  | — |  |  |  | 125,703 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 270 |  |  |  | 9 |  |  |  | — |  |  |  | 279 |
Issuance and registration of common shares |  |  | — |  |  |  | — |  |  |  | 156 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 156 |
Shares repurchased and retired |  |  | — |  |  |  | — |  |  |  | (12 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (12 | )
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 307 |  |  |  | — |  |  |  | — |  |  |  | (307 | ) |  |  | — |  |  |  | — |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,537 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,537 |
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | (70 | ) |  |  | — |  |  |  | — |  |  |  | 70 |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 4,203 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,203 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | )
Dividends on common stock ($1.2500 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (144,309 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (144,309 | )
Dividends on noncontrolling interests units ($1.2500 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,996 | ) |  |  | — |  |  |  | (3,996 | )
EQUITY BALANCE SEPTEMBER 30, 2022 |  | $ | 9 |  |  | $ | 1,152 |  |  | $ | 7,196,504 |  |  | $ | (1,219,599 | ) |  | $ | (10,321 | ) |  | $ | 164,230 |  |  | $ | 19,780 |  |  | $ | 6,151,755 |
Changes in MAA’s total equity and its components for the nine months ended September 30, 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 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 392,330 |  |  |  | — |  |  |  | 10,633 |  |  |  | — |  |  |  | 402,963 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 808 |  |  |  | 27 |  |  |  | — |  |  |  | 835 |
Issuance and registration of common shares |  |  | — |  |  |  | 12 |  |  |  | 203,202 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 203,214 |
Shares repurchased and retired |  |  | — |  |  |  | — |  |  |  | (7,866 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7,866 | )
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 894 |  |  |  | — |  |  |  | — |  |  |  | (894 | ) |  |  | — |  |  |  | — |
Shares issued in exchange for redeemable stock |  |  | — |  |  |  | 4 |  |  |  | 577 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 581 |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,906 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,906 |
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | (3,831 | ) |  |  | — |  |  |  | — |  |  |  | 3,831 |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 14,299 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14,299 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  |  |  |  | (2,766 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,766 | )
Dividends on common stock ($4.2000 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (490,044 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (490,044 | )
Dividends on noncontrolling interests units ($4.2000 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (13,242 | ) |  |  | — |  |  |  | (13,242 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,961 |  |  |  | 1,961 |
EQUITY BALANCE SEPTEMBER 30, 2023 |  | $ | 9 |  |  | $ | 1,168 |  |  | $ | 7,410,109 |  |  | $ | (1,285,428 | ) |  | $ | (9,244 | ) |  | $ | 163,950 |  |  | $ | 23,025 |  |  | $ | 6,303,589 |
|  | 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) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 443,815 |  |  |  | — |  |  |  | 12,318 |  |  |  | (293 | ) |  |  | 455,840 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 811 |  |  |  | 24 |  |  |  | — |  |  |  | 835 |
Issuance and registration of common shares |  |  | — |  |  |  | 1 |  |  |  | (277 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (276 | )
Shares repurchased and retired |  |  | — |  |  |  | — |  |  |  | (14,043 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (14,043 | )
Exercise of stock options |  |  | — |  |  |  | — |  |  |  | 28 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 28 |
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 500 |  |  |  | — |  |  |  | — |  |  |  | (500 | ) |  |  | — |  |  |  | — |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,297 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,297 |
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | 1,251 |  |  |  | — |  |  |  | — |  |  |  | (1,251 | ) |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 15,532 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,532 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,766 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,766 | )
Dividends on common stock ($3.5875 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (414,138 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (414,138 | )
Dividends on noncontrolling interests units ($3.5875 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (11,477 | ) |  |  | — |  |  |  | (11,477 | )
Acquisition of noncontrolling interest |  |  | — |  |  |  | — |  |  |  | (37,443 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,627 | ) |  |  | (43,070 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,086 |  |  |  | 2,086 |
EQUITY BALANCE SEPTEMBER 30, 2022 |  | $ | 9 |  |  | $ | 1,152 |  |  | $ | 7,196,504 |  |  | $ | (1,219,599 | ) |  | $ | (10,321 | ) |  | $ | 164,230 |  |  | $ | 19,780 |  |  | $ | 6,151,755 |

X
- Definition Consolidated Statements of Equity [Text Block] + References No definition available. + Details
Name: | maa_ConsolidatedStatementsOfEquityTextBlock
Namespace Prefix: | maa_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition MAA Equity. + References No definition available. + Details
Name: | maa_MAAEquityAbstract
Namespace Prefix: | maa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration