MAA Equity (Tables)

3 Months Ended

Mar. 31, 2018



	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 Income		Noncontrolling Interests - Operating Partnership			Noncontrolling Interest - Consolidated Real Estate Entity		Total Equity
EQUITY BALANCE DECEMBER 31, 2016	$	9	$	1,133	$	7,109,012		$	(707,479	)	$	1,144	$	235,976		$	2,306	$	6,642,101
Net income attributable to controlling interests	—		—		—			41,905			—		1,511			—		43,416
Other comprehensive loss - derivative instruments	—		—		—			—			3,079		113			—		3,192
Issuance and registration of common shares	—		1		67			—			—		—			—		68
Issuance and registration of preferred shares	—		—		2,007			—			—		—			—		2,007
Shares repurchased and retired	—		—		(4,734		)	—			—		—			—		(4,734		)
Shares issued in exchange for common units	—		—		167			—			—		(167		)	—		—
Shares issued in exchange for redeemable stock	—		—		1,482			—			—		—			—		1,482
Redeemable stock fair market value adjustment	—		—		—			(298		)	—		—			—		(298		)
Adjustment for noncontrolling interests in Operating Partnership	—		—		305			—			—		(305		)	—		—
Amortization of unearned compensation	—		—		3,139			(114		)	—		—			—		3,025
Dividends on preferred stock	—		—		—			(922		)	—		—			—		(922		)
Dividends on common stock	—		—		—			(98,841		)	—		—			—		(98,841		)
Dividends on noncontrolling interests units	—		—		—			—			—		(3,664		)	—		(3,664		)
EQUITY BALANCE MARCH 31, 2017	$	9	$	1,134	$	7,111,445		$	(765,749	)	$	4,223	$	233,464		$	2,306	$	6,586,832

Changes in total equity and its components for the three months ended March 31, 2018 and 2017 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 Income		Noncontrolling Interests - Operating Partnership			Noncontrolling Interest - Consolidated Real Estate Entity		Total Equity
EQUITY BALANCE DECEMBER 31, 2017	$	9	$	1,134	$	7,121,112		$	(784,500	)	$	2,157	$	231,676		$	2,306	$	6,573,894
Net income attributable to controlling interests	—		—		—			49,019			—		1,801			—		50,820
Other comprehensive income - derivative instruments	—		—		—			—			610		29			—		639
Issuance and registration of common shares	—		1		104			—			—		—			—		105
Shares repurchased and retired	—		—		(2,912		)	—			—		—			—		(2,912		)
Exercise of stock options	—		—		625			—			—		—			—		625
Shares issued in exchange for common units	—		—		2,780			—			—		(2,780		)	—		—
Shares issued in exchange for redeemable stock	—		—		1,915			—			—		—			—		1,915
Redeemable stock fair market value adjustment	—		—		—			965			—		—			—		965
Adjustment for noncontrolling interests in Operating Partnership	—		—		92			—			—		(92		)	—		—
Cumulative adjustment due to adoption of ASU 2017-12	—		—		—			(233		)	233		—			—		—
Amortization of unearned compensation	—		—		4,024			—			—		—			—		4,024
Dividends on preferred stock	—		—		—			(922		)	—		—			—		(922		)
Dividends on common stock	—		—		—			(104,971		)	—		—			—		(104,971		)
Dividends on noncontrolling interests units	—		—		—			—			—		(3,819		)	—		(3,819		)
EQUITY BALANCE MARCH 31, 2018	$	9	$	1,135	$	7,127,740		$	(840,642	)	$	3,000	$	226,815		$	2,306	$	6,520,363