$MAA
MID AMERICA APARTMENT COMMUNITIES INC.

2022 Q3 Form 10-Q Financial Statement

#000095017022013379 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $520.8M $495.0M $463.6M
YoY Change 15.07% 13.3% 9.41%
Cost Of Revenue $207.7M $197.3M $182.3M
YoY Change 11.26% -44.87% 5.2%
Gross Profit $313.1M $297.7M $281.3M
YoY Change 17.75% -40.93% 12.33%
Gross Profit Margin 60.12% 60.14% 60.67%
Selling, General & Admin $12.19M $15.58M $14.12M
YoY Change -3.8% -40.29% 20.69%
% of Gross Profit 3.89% 5.23% 5.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $137.0M $134.4M $135.7M
YoY Change 1.67% 1.73% 4.57%
% of Gross Profit 43.76% 45.14% 48.26%
Operating Expenses $149.1M $149.7M $149.6M
YoY Change 1.21% -48.27% 5.96%
Operating Profit $164.0M $148.0M $131.7M
YoY Change 38.28% -31.03% 20.56%
Interest Expense $38.64M $38.91M -$28.52M
YoY Change -1.52% 0.1% 23.45%
% of Operating Profit 23.55% 26.29% -21.66%
Other Income/Expense, Net -$1.718M -$28.33M $7.212M
YoY Change -116.61% -240.74% 1703.0%
Pretax Income $124.1M $213.1M $198.4M
YoY Change 38.52% -5.54% 128.85%
Income Tax -$1.256M -$3.052M $7.790M
% Of Pretax Income -1.01% -1.43% 3.93%
Net Earnings $122.3M $210.7M $185.6M
YoY Change 44.78% -2.67% 122.86%
Net Earnings / Revenue 23.49% 42.56% 40.05%
Basic Earnings Per Share $1.05 $1.82
Diluted Earnings Per Share $1.05 $1.82 $1.607M
COMMON SHARES
Basic Shares Outstanding 115.4M 115.4M 115.1M
Diluted Shares Outstanding 115.6M 115.6M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $45.20M $70.37M $54.30M
YoY Change 51.61% 120.72% 117.21%
Cash & Equivalents $39.00M $60.57M $54.30M
Short-Term Investments $6.200M $9.800M
Other Short-Term Assets
YoY Change
Inventory $64.31M $41.30M $24.02M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $103.3M $101.9M $78.32M
YoY Change 75.32% 52.2% -8.93%
LONG-TERM ASSETS
Property, Plant & Equipment $10.94B $10.81B $10.88B
YoY Change 0.3% -1.31% -0.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $84.24M $87.08M $122.2M
YoY Change -1.86% 16.21% 85.19%
Other Assets $81.07M $161.1M $76.30M
YoY Change 592.33% 1348.66% 662.96%
Total Long-Term Assets $11.23B $11.18B $11.21B
YoY Change 0.35% 0.03% 0.88%
TOTAL ASSETS
Total Short-Term Assets $103.3M $101.9M $78.32M
Total Long-Term Assets $11.23B $11.18B $11.21B
Total Assets $11.34B $11.28B $11.29B
YoY Change 0.75% 0.34% 0.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $647.2M $571.6M $584.4M
YoY Change 8.12% 4.58% 10.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $647.2M $571.6M $584.4M
YoY Change 8.12% 4.58% 10.68%
LONG-TERM LIABILITIES
Long-Term Debt $4.519B $4.518B $4.517B
YoY Change -0.48% -0.77% -1.01%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.519B $4.518B $4.517B
YoY Change -0.48% -0.77% -1.01%
TOTAL LIABILITIES
Total Short-Term Liabilities $647.2M $571.6M $584.4M
Total Long-Term Liabilities $4.519B $4.518B $4.517B
Total Liabilities $5.166B $5.090B $5.101B
YoY Change 0.52% -4.0% 0.2%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.968B $5.983B $5.965B
YoY Change
Total Liabilities & Shareholders Equity $11.34B $11.28B $11.29B
YoY Change 0.75% 0.34% 0.81%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $122.3M $210.7M $185.6M
YoY Change 44.78% -2.67% 122.86%
Depreciation, Depletion And Amortization $137.0M $134.4M $135.7M
YoY Change 1.67% 1.73% 4.57%
Cash From Operating Activities $343.4M $284.3M $216.7M
YoY Change 22.24% 14.07% 20.4%
INVESTING ACTIVITIES
Capital Expenditures -$361.4M -$148.5M -$122.9M
YoY Change 156.61% -17.53% -35.55%
Acquisitions
YoY Change
Other Investing Activities $4.570M $174.2M $139.0M
YoY Change 23.11% 8.87% -17471.62%
Cash From Investing Activities -$356.8M $25.74M $16.07M
YoY Change 160.23% -228.44% -108.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -154.7M -160.9M -143.7M
YoY Change 6.5% -29.87% -833.21%
NET CHANGE
Cash From Operating Activities 343.4M 284.3M 216.7M
Cash From Investing Activities -356.8M 25.74M 16.07M
Cash From Financing Activities -154.7M -160.9M -143.7M
Net Change In Cash -168.1M 149.1M 89.08M
YoY Change 11238.37% -48035.05% 999.72%
FREE CASH FLOW
Cash From Operating Activities $343.4M $284.3M $216.7M
Capital Expenditures -$361.4M -$148.5M -$122.9M
Free Cash Flow $704.8M $432.8M $339.6M
YoY Change 67.11% 0.81% -8.38%

Facts In Submission

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dei City Area Code
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dei Entity File Number
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dei Entity Registrant Name
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MID-AMERICA APARTMENT COMMUNITIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
TN
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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6815 Poplar Ave
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us-gaap Net Income Loss Available To Common Stockholders Basic
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BasicEarningsPerUnit
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CY2021Q2 maa Basic Earnings Per Unit
BasicEarningsPerUnit
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maa Basic Earnings Per Unit
BasicEarningsPerUnit
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maa Basic Earnings Per Unit
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CY2022Q2 maa Diluted Earnings Per Unit
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1.82
CY2021Q2 maa Diluted Earnings Per Unit
DilutedEarningsPerUnit
1.88
maa Diluted Earnings Per Unit
DilutedEarningsPerUnit
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maa Diluted Earnings Per Unit
DilutedEarningsPerUnit
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ProfitLoss
216560000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
330137000
us-gaap Profit Loss
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
330693000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
216705000
us-gaap Comprehensive Income Net Of Tax
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322045000
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ComprehensiveIncomeNetOfTax
264167000
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330137000
us-gaap Profit Loss
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
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maa Gainon Saleof Non Depreciable Assets
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maa Gainon Saleof Non Depreciable Assets
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Derivative Gain Loss On Derivative Net
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us-gaap Share Based Compensation
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us-gaap Amortization Of Debt Discount Premium
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2674000
maa Gain From Unconsolidated Limited Partnerships Net Of Distributions Received
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maa Gain From Unconsolidated Limited Partnerships Net Of Distributions Received
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us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
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maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Capital Improvements
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us-gaap Payments To Acquire In Process Research And Development
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us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
119612000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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352000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
392000
us-gaap Payments To Acquire Equity Method Investments
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us-gaap Payments To Acquire Equity Method Investments
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maa Proceeds From Real Estate Asset Dispositions And Insurance Recoveries
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maa Proceeds From Real Estate Asset Dispositions And Insurance Recoveries
ProceedsFromRealEstateAssetDispositionsAndInsuranceRecoveries
158136000
maa Proceedsfrominsurancerecoveries
Proceedsfrominsurancerecoveries
20675000
maa Proceedsfrominsurancerecoveries
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3620000
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repayments Of Commercial Paper
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0
us-gaap Proceeds From Repayments Of Commercial Paper
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us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Notes Payable
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us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
250960000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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1844000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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1844000
us-gaap Payments To Minority Shareholders
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us-gaap Payments To Minority Shareholders
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35615000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
221702000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43004000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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60568000
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
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CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
31881000
CY2022Q2 us-gaap Restricted Cash
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161134000
CY2021Q2 us-gaap Restricted Cash
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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221702000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
43004000
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid
IncomeTaxesPaid
2635000
us-gaap Income Taxes Paid
IncomeTaxesPaid
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193000
us-gaap Conversion Of Stock Amount Converted1
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22164000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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us-gaap Interest Costs Capitalized
InterestCostsCapitalized
3893000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
290
CY2022Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
16
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
272739000
CY2022Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
5858000
CY2022Q2 us-gaap Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
31700000
CY2022Q2 us-gaap Marketable Securities
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maa Percentage Of Rental Revenue And Other Income From Leasing Of Apartment Homes
PercentageOfRentalRevenueAndOtherIncomeFromLeasingOfApartmentHomes
0.94
maa Percentage Of Reimbursable Revenue From Leasing Of Apartment Homes
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maa Percentageof Rental Revenueand Other Income From Nonleasing Activities
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30300000
CY2022Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
216560000
CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
223875000
CY2021Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
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us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
9068000
CY2022Q2 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
149000
CY2021Q2 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
234000
maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
228000
maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
294000
CY2022Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
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CY2021Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
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us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1844000
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1844000
CY2022Q2 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
209631000
CY2021Q2 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
215322000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
319432000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
261533000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115353000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114494000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115306000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114379000
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.82
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.29
CY2022Q2 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
216560000
CY2021Q2 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
223875000
maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
330137000
maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
272739000
CY2022Q2 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
5858000
CY2021Q2 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
7397000
maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
8633000
maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
9068000
CY2022Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
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CY2021Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
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us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
1844000
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
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CY2022Q2 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
209780000
CY2021Q2 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
215556000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
319660000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
261827000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115353000
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114494000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115306000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114379000
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
203000
CY2021Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
318000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
336000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
311000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115556000
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114812000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115642000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114690000
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.82
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.76
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.28
CY2022Q2 us-gaap Notes Payable
NotesPayable
4518314000
CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
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us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2022Q2 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
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CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q2 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
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CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
114919922
CY2021Q2 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
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us-gaap Proceeds From Stock Options Exercised
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1500000
CY2022Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
50.00
us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2022Q2 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50.00
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0850
CY2022Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
43400000
CY2022Q2 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
118641209
CY2022Q2 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
115438832
CY2022Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3202377
CY2021Q2 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
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CY2021Q2 us-gaap General Partners Capital Account Units Outstanding
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CY2021Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3618955
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P32Y
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
1459000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2885000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2862000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2872000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2920000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
59993000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
72991000
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
43463000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
29528000
CY2022Q2 us-gaap Loss Contingency Accrual At Carrying Value
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CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5200000
CY2022Q2 us-gaap Number Of Real Estate Properties
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290
us-gaap Number Of Reportable Segments
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2
maa Period Properties Owned And Stabilized
PeriodPropertiesOwnedAndStabilized
P12M
CY2022Q2 maa Occupancy Level For Stabilized Communities
OccupancyLevelForStabilizedCommunities
0.90
maa Period Properties Stabilized
PeriodPropertiesStabilized
P90D
CY2022Q2 us-gaap Revenues
Revenues
495040000
CY2021Q2 us-gaap Revenues
Revenues
436927000
us-gaap Revenues
Revenues
971118000
us-gaap Revenues
Revenues
861932000
CY2022Q2 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
313363000
CY2021Q2 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
268166000
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
620021000
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
530703000
CY2022Q2 us-gaap Depreciation And Amortization
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134144000
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
131824000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
267882000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
263327000
CY2022Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
15630000
CY2021Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
13752000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
32167000
us-gaap Other Cost And Expense Operating
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26691000
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
15580000
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13114000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31903000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26093000
CY2022Q2 us-gaap Interest Expense
InterestExpense
38905000
CY2021Q2 us-gaap Interest Expense
InterestExpense
38867000
us-gaap Interest Expense
InterestExpense
78026000
us-gaap Interest Expense
InterestExpense
78539000
CY2022Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
131965000
CY2021Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
134828000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
131964000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
134828000
CY2022Q2 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
355000
CY2021Q2 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
32000
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
378000
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
32000
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-28325000
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
20126000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-17530000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4213000
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3052000
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2045000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4494000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3044000
CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
409000
CY2021Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
325000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
788000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
657000
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5858000
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7397000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8633000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9068000
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1844000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1844000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
209780000
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
215556000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
319660000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
261827000
CY2022Q2 us-gaap Assets
Assets
11280401000
CY2021Q4 us-gaap Assets
Assets
11285182000

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