MAA Equity (Tables)

3 Months Ended

Mar. 31, 2023

M A A Equity [Abstract]

Summary of Changes in Total Equity and its Components

Changes in MAA’s total equity and its components for the three months ended March 31, 2023 and 2022 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 Loss			Noncontrolling Interests - Operating Partnership			Noncontrolling Interests - Consolidated Real Estate Entities		Total Equity
EQUITY BALANCE DECEMBER 31, 2022	$	9	$	1,152	$	7,202,834		$	(1,188,854	)	$	(10,052	)	$	163,595		$	21,064	$	6,189,748
Net income		—		—		—			135,910			—			3,664			—		139,574
Other comprehensive income - derivative     instruments		—		—		—			—			261			17			—		278
Issuance and registration of common shares		—		11		203,886			—			—			—			—		203,897
Shares repurchased and retired		—		—		(1,920	)		—			—			—			—		(1,920	)
Shares issued in exchange for common units		—		—		479			—			—			(479	)		—		—
Shares issued in exchange for redeemable stock		—		4		577			—			—			—			—		581
Redeemable stock fair market value     adjustment		—		—		—			793			—			—			—		793
Adjustment for noncontrolling interests in    Operating Partnership		—		—		(3,928	)		—			—			3,928			—		—
Amortization of unearned compensation		—		—		6,379			—			—			—			—		6,379
Dividends on preferred stock		—		—		—			(922	)		—			—			—		(922	)
Dividends on common stock ($1.4000 per     share)		—		—		—			(163,252	)		—			—			—		(163,252	)
Dividends on noncontrolling interests units    ($1.4000 per share)		—		—		—			—			—			(4,416	)		—		(4,416	)
Distribution from noncontrolling interest		—		—		—			—			—			—			256		256
EQUITY BALANCE MARCH 31, 2023	$	9	$	1,167	$	7,408,307		$	(1,216,325	)	$	(9,791	)	$	166,309		$	21,320	$	6,370,996

	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 Loss			Noncontrolling Interests - Operating Partnership			Noncontrolling Interests - Consolidated Real Estate Entities			Total Equity
EQUITY BALANCE DECEMBER 31, 2021	$	9	$	1,151	$	7,230,956		$	(1,255,807	)	$	(11,132	)	$	165,116		$	23,614		$	6,153,907
Net income (loss)		—		—		—			110,802			—			3,068			(293	)		113,577
Other comprehensive income - derivative     instruments		—		—		—			—			272			7			—			279
Issuance and registration of common shares		—		—		21			—			—			—			—			21
Shares repurchased and retired		—		—		(3,162	)		—			—			—			—			(3,162	)
Exercise of stock options		—		—		28			—			—			—			—			28
Shares issued in exchange for common units		—		—		193			—			—			(193	)		—			—
Redeemable stock fair market value     adjustment		—		—		—			2,533			—			—			—			2,533
Adjustment for noncontrolling interests in    Operating Partnership		—		—		953			—			—			(953	)		—			—
Amortization of unearned compensation		—		—		6,928			—			—			—			—			6,928
Dividends on preferred stock		—		—		—			(922	)		—			—			—			(922	)
Dividends on common stock ($1.0875 per    share)		—		—		—			(125,433	)		—			—			—			(125,433	)
Dividends on noncontrolling interests units    ($1.0875 per share)		—		—		—			—			—			(3,479	)		—			(3,479	)
Acquisition of noncontrolling interest		—		—		(37,443	)		—			—			—			(5,627	)		(43,070	)
Contribution from noncontrolling interest		—		—		—			—			—			—			2,155			2,155
EQUITY BALANCE MARCH 31, 2022	$	9	$	1,151	$	7,198,474		$	(1,268,827	)	$	(10,860	)	$	163,566		$	19,849		$	6,103,362