XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

MAA Equity | 6 Months Ended
--- | ---
Jun. 30, 2024
M A A Equity [Abstract] |
MAA Equity | 4. MAA Equity Changes in MAA’s total equity and its components for the three months ended June 30, 2024 and 2023 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 MARCH 31, 2024 |  | $ | 9 |  |  | $ | 1,168 |  |  | $ | 7,406,189 |  |  | $ | (1,326,654 | ) |  | $ | (8,263 | ) |  | $ | 161,909 |  |  | $ | 23,032 |  |  | $ | 6,257,390 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 101,953 |  |  |  | — |  |  |  | 2,709 |  |  |  | — |  |  |  | 104,662 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 488 |  |  |  | 15 |  |  |  | — |  |  |  | 503 |
Issuance and registration of common shares |  |  | — |  |  |  | 2 |  |  |  | (892 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (890 | )
Shares repurchased and retired |  |  | — |  |  |  | (1 | ) |  |  | (4,131 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,132 | )
Shares issued in exchange for common units |  |  | — |  |  |  | 1 |  |  |  | 2,008 |  |  |  | — |  |  |  | — |  |  |  | (2,009 | ) |  |  | — |  |  |  | — |
Shares issued in exchange for redeemable stock |  |  | — |  |  |  | (4 | ) |  |  | 2,073 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,069 |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,445 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,445 | )
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | 206 |  |  |  | — |  |  |  | — |  |  |  | (206 | ) |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 3,805 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,805 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | )
Dividends on common stock ($1.4700 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (171,925 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (171,925 | )
Distributions on noncontrolling interests units ($1.4700 per unit) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,513 | ) |  |  | — |  |  |  | (4,513 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,630 |  |  |  | 1,630 |
EQUITY BALANCE JUNE 30, 2024 |  | $ | 9 |  |  | $ | 1,166 |  |  | $ | 7,409,258 |  |  | $ | (1,398,993 | ) |  | $ | (7,775 | ) |  | $ | 157,905 |  |  | $ | 24,662 |  |  | $ | 6,186,232 |
|  | 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 MARCH 31, 2023 |  | $ | 9 |  |  | $ | 1,167 |  |  | $ | 7,408,307 |  |  | $ | (1,216,325 | ) |  | $ | (9,791 | ) |  | $ | 166,309 |  |  | $ | 21,320 |  |  | $ | 6,370,996 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 145,688 |  |  |  | — |  |  |  | 3,969 |  |  |  | — |  |  |  | 149,657 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 277 |  |  |  | 1 |  |  |  | — |  |  |  | 278 |
Issuance and registration of common shares |  |  | — |  |  |  | 1 |  |  |  | (842 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (841 | )
Shares repurchased and retired |  |  | — |  |  |  | — |  |  |  | (5,920 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,920 | )
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 52 |  |  |  | — |  |  |  | — |  |  |  | (52 | ) |  |  | — |  |  |  | — |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (129 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (129 | )
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | 183 |  |  |  | — |  |  |  | — |  |  |  | (183 | ) |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 3,792 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,792 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | )
Dividends on common stock ($1.4000 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (163,430 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (163,430 | )
Distributions on noncontrolling interests units ($1.4000 per unit) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,418 | ) |  |  | — |  |  |  | (4,418 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,009 |  |  |  | 1,009 |
EQUITY BALANCE JUNE 30, 2023 |  | $ | 9 |  |  | $ | 1,168 |  |  | $ | 7,405,572 |  |  | $ | (1,235,118 | ) |  | $ | (9,514 | ) |  | $ | 165,626 |  |  | $ | 22,329 |  |  | $ | 6,350,072 |
Changes in MAA’s total equity and its components for the six months ended June 30, 2024 and 2023 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, 2023 |  | $ | 9 |  |  | $ | 1,168 |  |  | $ | 7,399,921 |  |  | $ | (1,298,263 | ) |  | $ | (8,764 | ) |  | $ | 163,128 |  |  | $ | 22,756 |  |  | $ | 6,279,955 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 245,702 |  |  |  | — |  |  |  | 6,570 |  |  |  | — |  |  |  | 252,272 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 989 |  |  |  | 31 |  |  |  | — |  |  |  | 1,020 |
Issuance and registration of common shares |  |  | — |  |  |  | 2 |  |  |  | (799 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (797 | )
Shares repurchased and retired |  |  | — |  |  |  | (1 | ) |  |  | (4,973 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,974 | )
Shares issued in exchange for common units |  |  | — |  |  |  | 1 |  |  |  | 2,602 |  |  |  | — |  |  |  | — |  |  |  | (2,603 | ) |  |  | — |  |  |  | — |
Shares issued in exchange for redeemable stock |  |  | — |  |  |  | (4 | ) |  |  | 2,073 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,069 |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,043 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,043 | )
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | 104 |  |  |  | — |  |  |  | — |  |  |  | (104 | ) |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 10,330 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,330 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,844 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,844 | )
Dividends on common stock ($2.9400 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (343,545 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (343,545 | )
Distributions on noncontrolling interests units ($2.9400 per unit) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9,117 | ) |  |  | — |  |  |  | (9,117 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,906 |  |  |  | 1,906 |
EQUITY BALANCE JUNE 30, 2024 |  | $ | 9 |  |  | $ | 1,166 |  |  | $ | 7,409,258 |  |  | $ | (1,398,993 | ) |  | $ | (7,775 | ) |  | $ | 157,905 |  |  | $ | 24,662 |  |  | $ | 6,186,232 |
|  | 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 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 281,598 |  |  |  | — |  |  |  | 7,633 |  |  |  | — |  |  |  | 289,231 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 538 |  |  |  | 18 |  |  |  | — |  |  |  | 556 |
Issuance and registration of common shares |  |  | — |  |  |  | 12 |  |  |  | 203,044 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 203,056 |
Shares repurchased and retired |  |  | — |  |  |  | — |  |  |  | (7,840 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7,840 | )
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 531 |  |  |  | — |  |  |  | — |  |  |  | (531 | ) |  |  | — |  |  |  | — |
Shares issued in exchange for redeemable stock |  |  | — |  |  |  | 4 |  |  |  | 577 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 581 |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 664 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 664 |
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | (3,745 | ) |  |  | — |  |  |  | — |  |  |  | 3,745 |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 10,171 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,171 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,844 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,844 | )
Dividends on common stock ($2.8000 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (326,682 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (326,682 | )
Distributions on noncontrolling interests units ($2.8000 per unit) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (8,834 | ) |  |  | — |  |  |  | (8,834 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,265 |  |  |  | 1,265 |
EQUITY BALANCE JUNE 30, 2023 |  | $ | 9 |  |  | $ | 1,168 |  |  | $ | 7,405,572 |  |  | $ | (1,235,118 | ) |  | $ | (9,514 | ) |  | $ | 165,626 |  |  | $ | 22,329 |  |  | $ | 6,350,072 |

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