MAA Equity

3 Months Ended

Mar. 31, 2020

M A A Equity [Abstract]

MAA Equity

4.MAA Equity

Changes in MAA’s total equity and its components for the three months ended March 31, 2020 and 2019 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, 2019	$	9	$	1,140	$	7,166,073		$	(1,085,479	)	$	(13,178	)	$	214,647		$	6,247	$	6,289,459
Net income		—		—		—			36,648			—			1,304			—		37,952
Other comprehensive income - derivative    instruments		—		—		—			—			244			9			—		253
Issuance and registration of common shares		—		—		39			—			—			—			—		39
Shares repurchased and retired		—		—		(1,727	)		—			—			—			—		(1,727	)
Exercise of stock options		—		—		71			—			—			—			—		71
Shares issued in exchange for common units		—		—		450			—			—			(450	)		—		—
Redeemable stock fair market value adjustment		—		—		—			3,111			—			—			—		3,111
Adjustment for noncontrolling interests in    Operating Partnership		—		—		(47	)		—			—			47			—		—
Amortization of unearned compensation		—		—		5,289			—			—			—			—		5,289
Dividends on preferred stock		—		—		—			(922	)		—			—			—		(922	)
Dividends on common stock ($1.00 per share)		—		—		—			(114,302	)		—			—			—		(114,302	)
Dividends on noncontrolling interests units    ($1.00 per unit)		—		—		—			—			—			(4,059	)		—		(4,059	)
Contribution from noncontrolling interest		—		—		—			—			—			—			401		401
EQUITY BALANCE MARCH 31, 2020	$	9	$	1,140	$	7,170,148		$	(1,160,944	)	$	(12,934	)	$	211,498		$	6,648	$	6,215,565

	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, 2018	$	9	$	1,136	$	7,138,170		$	(989,263	)	$	(212	)	$	220,043		$	2,306	$	6,372,189
Net income		—		—		—			63,660			—			2,298			—		65,958
Other comprehensive loss - derivative instruments		—		—		—			—			(3,088	)		(113	)		—		(3,201	)
Issuance and registration of common shares		—		1		1,128			—			—			—			—		1,129
Shares repurchased and retired		—		—		(3,023	)		—			—			—			—		(3,023	)
Exercise of stock options		—		—		208			—			—			—			—		208
Shares issued in exchange for common units		—		—		336			—			—			(336	)		—		—
Redeemable stock fair market value adjustment		—		—		—			(1,351	)		—			—			—		(1,351	)
Adjustment for noncontrolling interests in    Operating Partnership		—		—		(60	)		—			—			60			—		—
Amortization of unearned compensation		—		—		4,785			—			—			—			—		4,785
Dividends on preferred stock		—		—		—			(922	)		—			—			—		(922	)
Dividends on common stock ($0.96 per share)		—		—		—			(109,392	)		—			—			—		(109,392	)
Dividends on noncontrolling interests units    ($0.96 per unit)		—		—		—			—			—			(3,941	)		—		(3,941	)
Contribution from noncontrolling interest		—		—		—			—			—			—			2,860		2,860
EQUITY BALANCE MARCH 31, 2019	$	9	$	1,137	$	7,141,544		$	(1,037,268	)	$	(3,300	)	$	218,011		$	5,166	$	6,325,299