MAA Equity (Tables)

3 Months Ended

Mar. 31, 2024

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, 2024 and 2023 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, 2023	$	9	$	1,168	$	7,399,921		$	(1,298,263	)	$	(8,764	)	$	163,128		$	22,756	$	6,279,955
Net income		—		—		—			143,749			—			3,861			—		147,610
Other comprehensive income - derivative     instruments		—		—		—			—			501			16			—		517
Issuance and registration of common shares		—		—		93			—			—			—			—		93
Shares repurchased and retired		—		—		(842	)		—			—			—			—		(842	)
Shares issued in exchange for common units		—		—		594			—			—			(594	)		—		—
Redeemable stock fair market value     adjustment		—		—		—			402			—			—			—		402
Adjustment for noncontrolling interests in    Operating Partnership		—		—		(102	)		—			—			102			—		—
Amortization of unearned compensation		—		—		6,525			—			—			—			—		6,525
Dividends on preferred stock		—		—		—			(922	)		—			—			—		(922	)
Dividends on common stock ($1.4700 per     share)		—		—		—			(171,620	)		—			—			—		(171,620	)
Distributions on noncontrolling interests units    ($1.4700 per share)		—		—		—			—			—			(4,604	)		—		(4,604	)
Contribution from noncontrolling interest		—		—		—			—			—			—			276		276
EQUITY BALANCE MARCH 31, 2024	$	9	$	1,168	$	7,406,189		$	(1,326,654	)	$	(8,263	)	$	161,909		$	23,032	$	6,257,390

	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	)
Distributions on noncontrolling interests units    ($1.4000 per share)		—		—		—			—			—			(4,416	)		—		(4,416	)
Contribution 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