Earnings Per Common Share of MAA (Tables)

12 Months Ended

Dec. 31, 2018

Earnings per share of the trust [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share [Table Text Block]

For the years ended December 31, 2018, 2017 and 2016, MAA's basic earnings per share was computed using the two-class method and MAA's diluted earnings per share was computed using the more dilutive of the treasury stock method or the two-class method as presented below (dollars and shares in thousands, except per share amounts):

	2018				2017				2016
Calculation of Earnings per common share - basic
Net income	$	231,022			$	340,536			$	224,402
Net income attributable to noncontrolling interests	(8,123		)		(12,157		)		(12,180		)
Unvested restricted stock (allocation of earnings)	(291		)		(535		)		(572		)
Preferred dividends	(3,688		)		(3,688		)		(307		)
Net income available for common shareholders, adjusted	$	218,920			$	324,156			$	211,343
Weighted average common shares - basic	113,638				113,407				78,502
Earnings per common share - basic	$	1.93			$	2.86			$	2.69
Calculation of Earnings per common share - diluted
Net income	$	231,022			$	340,536			$	224,402
Net income attributable to noncontrolling interests	(8,123		)	(1)	(12,157		)	(1)	(12,180		)	(1)
Preferred dividends	(3,688		)		(3,688		)		(307		)
Net income available for common shareholders, adjusted	$	219,211			$	324,691			$	211,915
Weighted average common shares - basic	113,638				113,407				78,502
Effect of dilutive securities	198				280				298
Weighted average common shares - diluted	113,836				113,687				78,800
Earnings per common share - diluted	$	1.93			$	2.86			$	2.69

⁽¹⁾ For the years ended December 31, 2018, 2017 and 2016, 4.1 million, 4.2 million and 4.2 million OP Units and their related income, respectively, are not included in the diluted earnings per share calculations as they are not dilutive.