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Earnings Per Common Share of MAA (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Common Share Of M A A [Abstract] |
Schedule of Computation of Earnings Per Share | For the three and six months ended June 30, 2024, MAA’s diluted earnings per share was computed using the two-class method, and for the three and six months ended June 30, 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 June 30, |  |  | Six months ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Calculation of Earnings per common share - basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 104,662 |  |  | $ | 149,657 |  |  | $ | 252,272 |  |  | $ | 289,231 |
Net income attributable to noncontrolling interests |  |  | (2,709 | ) |  |  | (3,969 | ) |  |  | (6,570 | ) |  |  | (7,633 | )
Unvested restricted shares (allocation of earnings) |  |  | (47 | ) |  |  | (58 | ) |  |  | (111 | ) |  |  | (118 | )
Dividends to MAA Series I preferred shareholders |  |  | (922 | ) |  |  | (922 | ) |  |  | (1,844 | ) |  |  | (1,844 | )
Net income available for MAA common shareholders, adjusted |  | $ | 100,984 |  |  | $ | 144,708 |  |  | $ | 243,747 |  |  | $ | 279,636 |
Weighted average common shares - basic |  |  | 116,783 |  |  |  | 116,621 |  |  |  | 116,727 |  |  |  | 116,401 |
Earnings per common share - basic |  | $ | 0.86 |  |  | $ | 1.24 |  |  | $ | 2.09 |  |  | $ | 2.40 |
Calculation of Earnings per common share - diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 104,662 |  |  | $ | 149,657 |  |  | $ | 252,272 |  |  | $ | 289,231 |
Net income attributable to noncontrolling interests (1) |  |  | (2,709 | ) |  |  | (3,969 | ) |  |  | (6,570 | ) |  |  | (7,633 | )
Unvested restricted shares (allocation of earnings) |  |  | (47 | ) |  |  | — |  |  |  | (111 | ) |  |  | — |
Dividends to MAA Series I preferred shareholders |  |  | (922 | ) |  |  | (922 | ) |  |  | (1,844 | ) |  |  | (1,844 | )
Net income available for MAA common shareholders, adjusted |  | $ | 100,984 |  |  | $ | 144,766 |  |  | $ | 243,747 |  |  | $ | 279,754 |
Weighted average common shares - basic |  |  | 116,783 |  |  |  | 116,621 |  |  |  | 116,727 |  |  |  | 116,401 |
Effect of dilutive securities |  |  | — |  |  |  | 104 |  |  |  | — |  |  |  | 157 |
Weighted average common shares - diluted |  |  | 116,783 |  |  |  | 116,725 |  |  |  | 116,727 |  |  |  | 116,558 |
Earnings per common share - diluted |  | $ | 0.86 |  |  | $ | 1.24 |  |  | $ | 2.09 |  |  | $ | 2.40 |
(1) For the three and six months ended June 30, 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.

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- Definition Earnings per common share of MAA. + References No definition available. + Details
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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 -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
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