Selected Quarterly Financial Information

12 Months Ended

Dec. 31, 2016

Selected Quarterly Financial Information [Abstract]

SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

SELECTED QUARTERLY FINANCIAL INFORMATION OF MID-AMERICA APARTMENT COMMUNITIES, INC. (UNAUDITED)

(Dollars in thousands except per share data) 

	Year Ended December 31, 2016
	First			Second			Third			Fourth
Total operating revenues	$	269,016		$	272,236		$	276,898		$	307,198
Income from continuing operations before non-operating items	$	76,709		$	77,794		$	73,790		$	43,857
Interest expense	$	(32,211	)	$	(32,039	)	$	(32,168	)	$	(33,529	)
Gain (loss) from real estate joint ventures	$	128		$	(101	)	$	—		$	214
Net income	$	45,808		$	47,630		$	88,906		$	42,058
Net income attributable to noncontrolling interest	$	2,395		$	2,486		$	4,627		$	2,672
Dividends to preferred shareholders	$	—		$	—		$	—		$	307
Net income available for MAA common shareholders	$	43,413		$	45,144		$	84,279		$	39,079
Per share:
Net income available per common share - basic	$	0.58		$	0.60		$	1.12		$	0.44
Net income available per common share - diluted	$	0.58		$	0.60		$	1.12		$	0.44
Dividend paid	$	0.82		$	0.82		$	0.82		$	0.82

	Year Ended December 31, 2015
	First			Second			Third			Fourth
Total operating revenues	$	258,552		$	258,891		$	261,998		$	263,337
Income from continuing operations before non-operating items	$	69,393		$	68,837		$	73,138		$	76,763
Interest expense	$	(30,848	)	$	(30,433	)	$	(30,229	)	$	(30,834	)
Gain (loss) from real estate joint ventures	$	19		$	(23	)	$	(1	)	$	3
Net income	$	64,677		$	143,873		$	96,828		$	45,367
Net income attributable to noncontrolling interest	$	3,410		$	7,574		$	5,094		$	2,380
Dividends to preferred shareholders	$	—		$	—		$	—		$	—
Net income available for MAA common shareholders	$	61,267		$	136,299		$	91,734		$	42,987
Per share:
Net income available per common share - basic	$	0.81		$	1.81		$	1.22		$	0.57
Net income available per common share - diluted	$	0.81		$	1.81		$	1.22		$	0.57
Dividend paid	$	0.77		$	0.77		$	0.77		$	0.77

.    SELECTED QUARTERLY FINANCIAL INFORMATION OF MID-AMERICA APARTMENTS, L.P. (UNAUDITED)

(Dollars in thousands except per unit data)

	Year Ended December 31, 2016
	First			Second			Third			Fourth
Total operating revenues	$	269,016		$	272,236		$	276,898		$	307,198
Income from continuing operations before non-operating items	$	76,709		$	77,794		$	73,790		$	43,857
Interest expense	$	(32,211	)	$	(32,039	)	$	(32,168	)	$	(33,529	)
Gain (loss) from real estate joint ventures	$	128		$	(101	)	$	—		$	214
Net Income	$	45,808		$	47,630		$	88,906		$	42,058
Dividends to preferred unitholders	$	—		$	—		$	—		$	307
Net income available for common unitholders	$	45,808		$	47,630		$	88,906		$	41,751
Per unit:
Net income available per common unit - basic	$	0.61		$	0.60		$	1.12		$	0.45
Net income available per common unit - diluted	$	0.61		$	0.60		$	1.12		$	0.45
Distribution paid	$	0.82		$	0.82		$	0.82		$	0.82

	Year Ended December 31, 2015
	First			Second			Third			Fourth
Total operating revenues	$	258,552		$	258,891		$	261,998		$	263,337
Income from continuing operations before non-operating items	$	69,393		$	68,837		$	73,138		$	76,763
Interest expense	$	(30,848	)	$	(30,433	)	$	(30,229	)	$	(30,834	)
Gain (loss) from real estate joint ventures	$	19		$	(23	)	$	(1	)	$	3
Net income	$	64,677		$	143,873		$	96,828		$	45,367
Dividends to preferred unitholders	$	—		$	—		$	—		$	—
Net income available for common unitholders	$	64,677		$	143,873		$	96,828		$	45,367
Per unit:
Net income available per common unit - basic	$	0.81		$	1.81		$	1.22		$	0.57
Net income available per common unit - diluted	$	0.81		$	1.81		$	1.22		$	0.57
Distribution paid	$	0.77		$	0.77		$	0.77		$	0.77