XML 36 R25.htm IDEA: XBRL DOCUMENT
v3.25.2

MAALP Capital (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
M A A L P Capital [Abstract] |
Summary of Changes in Total Capital and its Components | Changes in MAALP’s total capital and its components for the three months ended June 30, 2025 and 2024 were as follows (dollars in thousands):
|  | Mid-America Apartments, L.P. Unitholders’ Capital |  |  |  |  |  |  |
|  | General Partner |  |  | Limited Partners |  |  | Preferred Units |  |  | Accumulated Other Comprehensive Loss |  |  | Noncontrolling Interests - Consolidated Real Estate Entities |  |  | Total Partnership Capital |
CAPITAL BALANCE MARCH 31, 2025 |  | $ | 5,889,484 |  |  | $ | 154,810 |  |  | $ | 66,840 |  |  | $ | (6,635 | ) |  | $ | 28,952 |  |  | $ | 6,133,451 |
Net income |  |  | 107,205 |  |  |  | 2,748 |  |  |  | 922 |  |  |  | — |  |  |  | — |  |  |  | 110,875 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 429 |  |  |  | — |  |  |  | 429 |
Issuance of units |  |  | (1,106 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,106 | )
Units repurchased and retired |  |  | (1,769 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,769 | )
General partner units issued in exchange for limited partner units |  |  | 5,609 |  |  |  | (5,609 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Units issued in exchange for redeemable stock |  |  | 2,109 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,109 |
Redeemable units fair market value adjustment |  |  | 2,724 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,724 |
Adjustment for limited partners’ capital at redemption value |  |  | 41 |  |  |  | (41 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | 3,815 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,815 |
Distributions to preferred unitholders |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | (922 | )
Distributions to common unitholders ($1.5150 per unit) |  |  | (177,411 | ) |  |  | (4,469 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (181,880 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,520 |  |  |  | 1,520 |
CAPITAL BALANCE JUNE 30, 2025 |  | $ | 5,830,701 |  |  | $ | 147,439 |  |  | $ | 66,840 |  |  | $ | (6,206 | ) |  | $ | 30,472 |  |  | $ | 6,069,246 |
|  | Mid-America Apartments, L.P. Unitholders’ Capital |  |  |  |  |  |  |
|  | General Partner |  |  | Limited Partners |  |  | Preferred Units |  |  | Accumulated Other Comprehensive Loss |  |  | Noncontrolling Interests - Consolidated Real Estate Entities |  |  | Total Partnership Capital |
CAPITAL BALANCE MARCH 31, 2024 |  | $ | 6,014,015 |  |  | $ | 161,909 |  |  | $ | 66,840 |  |  | $ | (8,425 | ) |  | $ | 23,032 |  |  | $ | 6,257,371 |
Net income |  |  | 101,031 |  |  |  | 2,709 |  |  |  | 922 |  |  |  | — |  |  |  | — |  |  |  | 104,662 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 503 |  |  |  | — |  |  |  | 503 |
Issuance of units |  |  | (890 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (890 | )
Units repurchased and retired |  |  | (4,132 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,132 | )
General partner units issued in exchange for limited partner units |  |  | 2,009 |  |  |  | (2,009 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Units issued in exchange for redeemable stock |  |  | 2,069 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,069 |
Redeemable units fair market value adjustment |  |  | (1,445 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,445 | )
Adjustment for limited partners’ capital at redemption value |  |  | 191 |  |  |  | (191 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | 3,805 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,805 |
Distributions to preferred unitholders |  |  | — |  |  |  | — |  |  |  | (922 | ) |  |  | — |  |  |  | — |  |  |  | (922 | )
Distributions to common unitholders ($1.4700 per unit) |  |  | (171,925 | ) |  |  | (4,513 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (176,438 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,630 |  |  |  | 1,630 |
CAPITAL BALANCE JUNE 30, 2024 |  | $ | 5,944,728 |  |  | $ | 157,905 |  |  | $ | 66,840 |  |  | $ | (7,922 | ) |  | $ | 24,662 |  |  | $ | 6,186,213 |
Changes in MAALP’s total capital and its components for the six months ended June 30, 2025 and 2024 were as follows (dollars in thousands):
|  | Mid-America Apartments, L.P. Unitholders’ Capital |  |  |  |  |  |  |
|  | General Partner |  |  | Limited Partners |  |  | Preferred Units |  |  | Accumulated Other Comprehensive Loss |  |  | Noncontrolling Interests - Consolidated Real Estate Entities |  |  | Total Partnership Capital |
CAPITAL BALANCE DECEMBER 31, 2024 |  | $ | 5,882,336 |  |  | $ | 155,409 |  |  | $ | 66,840 |  |  | $ | (7,064 | ) |  | $ | 27,894 |  |  | $ | 6,125,415 |
Net income |  |  | 287,956 |  |  |  | 7,481 |  |  |  | 1,844 |  |  |  | — |  |  |  | — |  |  |  | 297,281 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 858 |  |  |  | — |  |  |  | 858 |
Issuance of units |  |  | (949 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (949 | )
Units repurchased and retired |  |  | (3,071 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,071 | )
Exercise of unit options |  |  | 38 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 38 |
General partner units issued in exchange for limited partner units |  |  | 6,368 |  |  |  | (6,368 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Units issued in exchange for redeemable stock |  |  | 2,109 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,109 |
Redeemable units fair market value adjustment |  |  | 829 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 829 |
Adjustment for limited partners’ capital at redemption value |  |  | (23 | ) |  |  | 23 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | 9,676 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9,676 |
Distributions to preferred unitholders |  |  | — |  |  |  | — |  |  |  | (1,844 | ) |  |  | — |  |  |  | — |  |  |  | (1,844 | )
Distributions to common unitholders ($3.0300 per unit) |  |  | (354,568 | ) |  |  | (9,106 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (363,674 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,578 |  |  |  | 2,578 |
CAPITAL BALANCE JUNE 30, 2025 |  | $ | 5,830,701 |  |  | $ | 147,439 |  |  | $ | 66,840 |  |  | $ | (6,206 | ) |  | $ | 30,472 |  |  | $ | 6,069,246 |
|  | Mid-America Apartments, L.P. Unitholders’ Capital |  |  |  |  |  |  |
|  | General Partner |  |  | Limited Partners |  |  | Preferred Units |  |  | Accumulated Other Comprehensive Loss |  |  | Noncontrolling Interests - Consolidated Real Estate Entities |  |  | Total Partnership Capital |
CAPITAL BALANCE DECEMBER 31, 2023 |  | $ | 6,036,154 |  |  | $ | 163,128 |  |  | $ | 66,840 |  |  | $ | (8,942 | ) |  | $ | 22,756 |  |  | $ | 6,279,936 |
Net income |  |  | 243,858 |  |  |  | 6,570 |  |  |  | 1,844 |  |  |  | — |  |  |  | — |  |  |  | 252,272 |
Other comprehensive income - derivative instruments |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,020 |  |  |  | — |  |  |  | 1,020 |
Issuance of units |  |  | (797 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (797 | )
Units repurchased and retired |  |  | (4,974 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (4,974 | )
General partner units issued in exchange for limited partner units |  |  | 2,603 |  |  |  | (2,603 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Units issued in exchange for redeemable stock |  |  | 2,069 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,069 |
Redeemable units fair market value adjustment |  |  | (1,043 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,043 | )
Adjustment for limited partners’ capital at redemption value |  |  | 73 |  |  |  | (73 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortization of unearned compensation |  |  | 10,330 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,330 |
Distributions to preferred unitholders |  |  | — |  |  |  | — |  |  |  | (1,844 | ) |  |  | — |  |  |  | — |  |  |  | (1,844 | )
Distributions to common unitholders ($2.9400 per unit) |  |  | (343,545 | ) |  |  | (9,117 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (352,662 | )
Contribution from noncontrolling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,906 |  |  |  | 1,906 |
CAPITAL BALANCE JUNE 30, 2024 |  | $ | 5,944,728 |  |  | $ | 157,905 |  |  | $ | 66,840 |  |  | $ | (7,922 | ) |  | $ | 24,662 |  |  | $ | 6,186,213 |

X
- Definition MAALP Capital [Abstract] + References No definition available. + Details
Name: | maa_MAALPCapitalAbstract
Namespace Prefix: | maa_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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