Earnings Per Common Share of MAA (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Common Share Of M A A [Abstract]

Schedule of Computation of Earnings Per Share

For the three months ended March 31, 2025 and 2024, MAA’s diluted earnings per share was computed using the treasury stock method as presented below (dollars and shares in thousands, except per share amounts):

	Three months ended March 31,
	2025			2024
Calculation of Earnings per common share - basic
Net income	$	186,406		$	147,610
Net income attributable to noncontrolling interests		(4,733	)		(3,861	)
Unvested restricted shares (allocation of earnings)		(96	)		(62	)
Dividends to MAA Series I preferred shareholders		(922	)		(922	)
Net income available for MAA common shareholders, adjusted	$	180,655		$	142,765
Weighted average common shares - basic		116,840			116,668
Earnings per common share - basic	$	1.55		$	1.22
Calculation of Earnings per common share - diluted
Net income	$	186,406		$	147,610
Net income attributable to noncontrolling interests (1)		(4,733	)		(3,861	)
Dividends to MAA Series I preferred shareholders		(922	)		(922	)
Net income available for MAA common shareholders, adjusted	$	180,751		$	142,827
Weighted average common shares - basic		116,840			116,668
Effect of dilutive securities		252			112
Weighted average common shares - diluted		117,092			116,780
Earnings per common share - diluted	$	1.54		$	1.22

(1)For the three months ended March 31, 2025 and 2024, 3.1 million OP Units and their related income are not included in the diluted earnings per share calculations as they are not dilutive.