XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Earnings Per Common Share of MAA (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Earnings Per Common Share Of M A A [Abstract] |
Schedule of Computation of Earnings Per Share | For the three months ended March 31, 2024 and 2023, 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 March 31, |
|  | 2024 |  |  | 2023 |
Calculation of Earnings per common share - basic |  |  |  |  |  |
Net income |  | $ | 147,610 |  |  | $ | 139,574 |
Net income attributable to noncontrolling interests |  |  | (3,861 | ) |  |  | (3,664 | )
Unvested restricted shares (allocation of earnings) |  |  | (62 | ) |  |  | (60 | )
Dividends to MAA Series I preferred shareholders |  |  | (922 | ) |  |  | (922 | )
Net income available for MAA common shareholders, adjusted |  | $ | 142,765 |  |  | $ | 134,928 |
Weighted average common shares - basic |  |  | 116,668 |  |  |  | 116,182 |
Earnings per common share - basic |  | $ | 1.22 |  |  | $ | 1.16 |
Calculation of Earnings per common share - diluted |  |  |  |  |  |
Net income |  | $ | 147,610 |  |  | $ | 139,574 |
Net income attributable to noncontrolling interests (1) |  |  | (3,861 | ) |  |  | (3,664 | )
Dividends to MAA Series I preferred shareholders |  |  | (922 | ) |  |  | (922 | )
Net income available for MAA common shareholders, adjusted |  | $ | 142,827 |  |  | $ | 134,988 |
Weighted average common shares - basic |  |  | 116,668 |  |  |  | 116,182 |
Effect of dilutive securities |  |  | 112 |  |  |  | 220 |
Weighted average common shares - diluted |  |  | 116,780 |  |  |  | 116,402 |
Earnings per common share - diluted |  | $ | 1.22 |  |  | $ | 1.16 |
(1) For the three months ended March 31, 2024 and 2023, 3.1 million OP Units and 3.2 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 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration