MAA Equity

Total equity and its components for the six-month periods ended June 30, 2014 and 2013 were as follows (dollars in thousands, except per share and per unit data):



	Mid-America Apartment Communities, Inc. Shareholders
	Common Stock Amount		Additional Paid-In Capital			Accumulated Distributions in Excess of Net Income			Accumulated Other Comprehensive Income (Loss)			Noncontrolling Interest			Total Equity
EQUITY BALANCE DECEMBER 31, 2013	$	747	$	3,599,549		$	(653,593	)	$	108		$	166,726		$	3,113,537
Net income						46,479						2,621			49,100
Other comprehensive income - derivative instruments (cash flow hedges)									(1,503		)	(87		)	(1,590		)
Issuance and registration of common shares	2		573												575
Shares repurchased and retired	—		(336		)										(336		)
Exercise of stock options	2		9,542												9,544
Shares issued in exchange for units	—		799									(799		)	—
Shares issued in exchange from redeemable stock			998												998
Redeemable stock fair market value						(848		)							(848		)
Adjustment for noncontrolling interest ownership in operating partnership			51									(51		)	—
Amortization of unearned compensation			2,045												2,045
Dividends on common stock ($1.46 per share)						(109,680		)				—			(109,680		)
Dividends on noncontrolling interest units ($1.46 per unit)												(6,143		)	(6,143		)
EQUITY BALANCE JUNE 30, 2014	$	751	$	3,613,221		$	(717,642	)	$	(1,395	)	$	162,267		$	3,057,202



	Mid-America Apartment Communities, Inc. Shareholders
	Common Stock Amount		Additional Paid-In Capital			Accumulated Distributions in Excess of Net Income			Accumulated Other Comprehensive Income (Loss)			Noncontrolling Interest			Total Equity
EQUITY BALANCE DECEMBER 31, 2012	$	422	$	1,542,999		$	(603,315	)	$	(26,054	)	$	31,058		$	945,110
Net income						80,269						2,764			83,033
Other comprehensive income - derivative instruments (cash flow hedges)									19,718			681			20,399
Issuance and registration of common shares	4		24,965												24,969
Shares repurchased and retired	—		(673		)										(673		)
Shares issued in exchange for units	1		442									(443		)	—
Redeemable stock fair market value						(431		)							(431		)
Adjustment for noncontrolling interest ownership in operating partnership			186									(186		)	—
Amortization of unearned compensation			1,171												1,171
Dividends on common stock ($1.39 per share)						(59,407		)				—			(59,407		)
Dividends on noncontrolling interest units ($1.39 per unit)												(2,374		)	(2,374		)
EQUITY BALANCE JUNE 30, 2013	$	427	$	1,569,090		$	(582,884	)	$	(6,336	)	$	31,500		$	1,011,797