MAALP Capital (Tables)

3 Months Ended

Mar. 31, 2020

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, 2020 and 2019 were as follows (dollars in thousands):

	Mid-America Apartments, L.P. Unitholders’ Capital
	Limited Partner			General Partner			Preferred Units			Accumulated Other Comprehensive Loss			Noncontrolling Interests- Consolidated Real Estate Entities		Total Partnership Capital
CAPITAL BALANCE DECEMBER 31, 2019	$	214,647		$	6,015,290		$	66,840		$	(13,584	)	$	6,247	$	6,289,440
Net income		1,304			35,726			922			—			—		37,952
Other comprehensive income - derivative instruments		—			—			—			253			—		253
Issuance of units		—			39			—			—			—		39
Units repurchased and retired		—			(1,727	)		—			—			—		(1,727	)
Exercise of unit options		—			71			—			—			—		71
General partnership units issued in exchange for limited partnership units		(450	)		450			—			—			—		—
Redeemable units fair market value adjustment		—			3,111			—			—			—		3,111
Adjustment for limited partners’ capital at redemption value		56			(56	)		—			—			—		—
Amortization of unearned compensation		—			5,289			—			—			—		5,289
Distributions to preferred unitholders		—			—			(922	)		—			—		(922	)
Distributions to common unitholders ($1.00 per unit)		(4,059	)		(114,302	)		—			—			—		(118,361	)
Contribution from noncontrolling interest		—			—			—			—			401		401
CAPITAL BALANCE MARCH 31, 2020	$	211,498		$	5,943,891		$	66,840		$	(13,331	)	$	6,648	$	6,215,546

	Mid-America Apartments, L.P. Unitholders’ Capital
	Limited Partner			General Partner			Preferred Units			Accumulated Other Comprehensive Loss			Noncontrolling Interests - Consolidated Real Estate Entities		Total Partnership Capital
CAPITAL BALANCE DECEMBER 31, 2018	$	220,043		$	6,083,142		$	66,840		$	(161	)	$	2,306	$	6,372,170
Net income		2,298			62,738			922			—			—		65,958
Other comprehensive loss - derivative instruments		—			—			—			(3,201	)		—		(3,201	)
Issuance of units		—			1,129			—			—			—		1,129
Units repurchased and retired		—			(3,023	)		—			—			—		(3,023	)
Exercise of unit options		—			208			—			—			—		208
General partnership units issued in exchange for limited partnership units		(336	)		336			—			—			—		—
Redeemable units fair market value adjustment		—			(1,351	)		—			—			—		(1,351	)
Adjustment for limited partners’ capital at redemption value		(53	)		53			—			—			—		—
Amortization of unearned compensation		—			4,785			—			—			—		4,785
Distributions to preferred unitholders		—			—			(922	)		—			—		(922	)
Distributions to common unitholders ($0.96 per unit)		(3,941	)		(109,392	)		—			—			—		(113,333	)
Contribution from noncontrolling interest		—			—			—			—			2,860		2,860
CAPITAL BALANCE MARCH 31, 2019	$	218,011		$	6,038,625		$	66,840		$	(3,362	)	$	5,166	$	6,325,280