Earnings Per Common Share of MAA (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Common Share Of M A A [Abstract]

Schedule of Computation of Earnings Per Share

For the years ended December 31, 2025 and 2023, MAA’s diluted earnings per share was computed using the treasury stock method, and for the year ended December 31, 2024, MAA’s diluted earnings per share was computed using the two-class method, as presented below (dollars and shares in thousands, except per share amounts):

Calculation of Earnings per common share - basic	2025			2024			2023
Net income	$	456,566		$	541,576		$	567,831
Net income attributable to noncontrolling interests		(9,657	)		(14,033	)		(15,025	)
Unvested restricted shares (allocation of earnings)		(237	)		(75	)		(224	)
Dividends to MAA Series I preferred shareholders		(3,688	)		(3,688	)		(3,688	)
Net income available for MAA common shareholders, adjusted	$	442,984		$	523,780		$	548,894
Weighted average common shares - basic		116,954			116,776			116,521
Earnings per common share - basic	$	3.79		$	4.49		$	4.71
Calculation of Earnings per common share - diluted
Net income	$	456,566		$	541,576		$	567,831
Net income attributable to noncontrolling interests (1)		(9,657	)		(14,033	)		(15,025	)
Unvested restricted shares (allocation of earnings)		—			(75	)		—
Dividends to MAA Series I preferred shareholders		(3,688	)		(3,688	)		(3,688	)
Net income available for MAA common shareholders, adjusted	$	443,221		$	523,780		$	549,118
Weighted average common shares - basic		116,954			116,776			116,521
Effect of dilutive securities		195			—			124
Weighted average common shares - diluted		117,149			116,776			116,645
Earnings per common share - diluted	$	3.78		$	4.49		$	4.71

(1)For the years ended December 31, 2025, 2024 and 2023, 3.0 million, 3.1 million and 3.1 million OP Units, respectively, and their related income are not included in the diluted earnings per share calculations as they are not dilutive.