MAALP Capital (Tables)

3 Months Ended

Mar. 31, 2022

M A A L P Capital [Abstract]

Summary of Changes in Total Capital and its Components

Changes in MAALP’s total capital and its components for the three months ended March 31, 2022 and 2021 were as follows (dollars in thousands):

	Mid-America Apartments, L.P. Unitholders’ Capital
	Preferred Units			General Partner			Limited Partners			Accumulated Other Comprehensive Loss			Noncontrolling Interests - Consolidated Real Estate Entities			Total Partnership Capital
EQUITY BALANCE DECEMBER 31, 2021	$	66,840		$	5,909,700		$	165,116		$	(11,382	)	$	23,614		$	6,153,888
Net income (loss)		922			109,880			3,068			—			(293	)		113,577
Other comprehensive income - derivative instruments		—			—			—			279			—			279
Issuance of units		—			21			—			—			—			21
Units repurchased and retired		—			(3,162	)		—			—			—			(3,162	)
Exercise of unit options		—			28			—			—			—			28
General partnership units issued in exchange for limited partnership units		—			193			(193	)		—			—			—
Redeemable units fair market value adjustment		—			2,533			—			—			—			2,533
Adjustment for limited partners’ capital at redemption value		—			946			(946	)		—			—			—
Amortization of unearned compensation		—			6,928			—			—			—			6,928
Distributions to preferred unitholders		(922	)		—			—			—			—			(922	)
Distributions to common unitholders ($1.0875 per unit)		—			(125,433	)		(3,479	)		—			—			(128,912	)
Acquisition of noncontrolling interest		—			(37,443	)		—			—			(5,627	)		(43,070	)
Contribution from noncontrolling interest		—			—			—			—			2,155			2,155
EQUITY BALANCE MARCH 31, 2022	$	66,840		$	5,864,191		$	163,566		$	(11,103	)	$	19,849		$	6,103,343

	Mid-America Apartments, L.P. Unitholders’ Capital
	Preferred Units			General Partner			Limited Partners			Accumulated Other Comprehensive Loss			Noncontrolling Interests - Consolidated Real Estate Entities		Total Partnership Capital
EQUITY BALANCE DECEMBER 31, 2020	$	66,840		$	5,817,270		$	206,927		$	(12,496	)	$	9,848	$	6,088,389
Net income		922			46,271			1,671			—			—		48,864
Other comprehensive income - derivative instruments		—			—			—			279			—		279
Issuance of units		—			134			—			—			—		134
Units repurchased and retired		—			(1,730	)		—			—			—		(1,730	)
Exercise of unit options		—			1,466			—			—			—		1,466
General partnership units issued in exchange for limited partnership units		—			232			(232	)		—			—		—
Redeemable units fair market value adjustment		—			(2,158	)		—			—			—		(2,158	)
Adjustment for limited partners’ capital at redemption value		—			(126	)		126			—			—		—
Amortization of unearned compensation		—			5,993			—			—			—		5,993
Distributions to preferred unitholders		(922	)		—			—			—			—		(922	)
Distributions to common unitholders ($1.0250 per unit)		—			(117,278	)		(4,156	)		—			—		(121,434	)
Contribution from noncontrolling interest		—			—			—			—			633		633
EQUITY BALANCE MARCH 31, 2021	$	66,840		$	5,750,074		$	204,336		$	(12,217	)	$	10,481	$	6,019,514