XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.24.3

MAA Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2024
M A A Equity [Abstract] |
Summary of Changes in Total Equity and its Components | Changes in MAA’s total equity and its components for the three months ended September 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 JUNE 30, 2024 |  | $ | 9 |  |  | $ | 1,166 |  |  | $ | 7,409,258 |  |  | $ | (1,398,993 | ) |  | $ | (7,775 | ) |  | $ | 157,905 |  |  | $ | 24,662 |  |  | $ | 6,186,232 |
Net income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 115,195 |  |  |  | — |  |  |  | 3,035 |  |  |  | — |  |  |  | 118,230 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 416 |  |  |  | 12 |  |  |  | — |  |  |  | 428 |
Issuance and registration of common shares |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |
Shares issued in exchange for common units |  |  | — |  |  |  | — |  |  |  | 926 |  |  |  | — |  |  |  | — |  |  |  | (926 | ) |  |  | — |  |  |  | — |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,282 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,282 | )
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | (57 | ) |  |  | — |  |  |  | — |  |  |  | 57 |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 3,539 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,539 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (922 | )
Dividends on common stock ($1.4700 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (171,814 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (171,814 | )
Distributions on noncontrolling interests units ($1.4700 per unit) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,521 | ) |  |  | — |  |  |  | (4,521 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,696 |  |  |  | 2,696 |
EQUITY BALANCE SEPTEMBER 30, 2024 |  | $ | 9 |  |  | $ | 1,166 |  |  | $ | 7,413,674 |  |  | $ | (1,458,816 | ) |  | $ | (7,359 | ) |  | $ | 155,562 |  |  | $ | 27,358 |  |  | $ | 6,131,594 |
|  | 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 | )
Distributions on noncontrolling interests units ($1.4000 per unit) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (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 |
Changes in MAA’s total equity and its components for the nine months ended September 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 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 360,897 |  |  |  | — |  |  |  | 9,605 |  |  |  | — |  |  |  | 370,502 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,405 |  |  |  | 43 |  |  |  | — |  |  |  | 1,448 |
Issuance and registration of common shares |  |  | — |  |  |  | 2 |  |  |  | (791 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (789 | )
Shares repurchased and retired |  |  | — |  |  |  | (1 | ) |  |  | (4,973 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,974 | )
Shares issued in exchange for common units |  |  | — |  |  |  | 1 |  |  |  | 3,528 |  |  |  | — |  |  |  | — |  |  |  | (3,529 | ) |  |  | — |  |  |  | — |
Shares issued in exchange for redeemable stock |  |  | — |  |  |  | (4 | ) |  |  | 2,073 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,069 |
Redeemable stock fair market value adjustment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,325 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,325 | )
Adjustment for noncontrolling interests in Operating Partnership |  |  | — |  |  |  | — |  |  |  | 47 |  |  |  | — |  |  |  | — |  |  |  | (47 | ) |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | — |  |  |  | — |  |  |  | 13,869 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13,869 |
Dividends on preferred stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,766 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2,766 | )
Dividends on common stock ($4.4100 per share) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (515,359 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (515,359 | )
Distributions on noncontrolling interests units ($4.4100 per unit) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (13,638 | ) |  |  | — |  |  |  | (13,638 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,602 |  |  |  | 4,602 |
EQUITY BALANCE SEPTEMBER 30, 2024 |  | $ | 9 |  |  | $ | 1,166 |  |  | $ | 7,413,674 |  |  | $ | (1,458,816 | ) |  | $ | (7,359 | ) |  | $ | 155,562 |  |  | $ | 27,358 |  |  | $ | 6,131,594 |
|  | 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 | )
Distributions on noncontrolling interests units ($4.2000 per unit) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (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 |

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

X
- Definition Shareholders' Equity [Table Text Block] + References No definition available. + Details
Name: | maa_ShareholdersEquityTableTextBlock
Namespace Prefix: | maa_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration