$MAA
MID AMERICA APARTMENT COMMUNITIES INC.

2022 Q4 Form 10-Q Financial Statement

#000095017022020325 Filed on October 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $528.0M $520.8M
YoY Change 13.89% 15.07%
Cost Of Revenue $198.2M $207.7M
YoY Change 8.72% 11.26%
Gross Profit $329.8M $313.1M
YoY Change 17.24% 17.75%
Gross Profit Margin 62.46% 60.12%
Selling, General & Admin $14.74M $12.19M
YoY Change 4.4% -3.8%
% of Gross Profit 4.47% 3.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $138.6M $137.0M
YoY Change 2.1% 1.67%
% of Gross Profit 42.03% 43.76%
Operating Expenses $153.0M $149.1M
YoY Change 2.25% 1.21%
Operating Profit $176.8M $164.0M
YoY Change 34.28% 38.28%
Interest Expense -$53.61M $38.64M
YoY Change 88.01% -1.52%
% of Operating Profit -30.33% 23.55%
Other Income/Expense, Net -$622.0K -$1.718M
YoY Change -108.62% -116.61%
Pretax Income $198.0M $124.1M
YoY Change -0.19% 38.52%
Income Tax -$458.0K -$1.256M
% Of Pretax Income -0.23% -1.01%
Net Earnings $192.6M $122.3M
YoY Change 3.73% 44.78%
Net Earnings / Revenue 36.47% 23.49%
Basic Earnings Per Share $1.05
Diluted Earnings Per Share $1.67 $1.05
COMMON SHARES
Basic Shares Outstanding 115.5M 115.4M
Diluted Shares Outstanding 115.6M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.66M $45.20M
YoY Change -14.07% 51.61%
Cash & Equivalents $38.66M $39.00M
Short-Term Investments $8.000M $6.200M
Other Short-Term Assets
YoY Change
Inventory $64.31M $64.31M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $103.0M $103.3M
YoY Change 31.48% 75.32%
LONG-TERM ASSETS
Property, Plant & Equipment $10.92B $10.94B
YoY Change 0.41% 0.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $78.99M $84.24M
YoY Change -35.37% -1.86%
Other Assets $22.41M $81.07M
YoY Change -70.62% 592.33%
Total Long-Term Assets $11.14B $11.23B
YoY Change -0.61% 0.35%
TOTAL ASSETS
Total Short-Term Assets $103.0M $103.3M
Total Long-Term Assets $11.14B $11.23B
Total Assets $11.24B $11.34B
YoY Change -0.39% 0.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $615.8M $647.2M
YoY Change 5.38% 8.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $615.8M $647.2M
YoY Change 5.38% 8.12%
LONG-TERM LIABILITIES
Long-Term Debt $4.415B $4.519B
YoY Change -2.25% -0.48%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.415B $4.519B
YoY Change -2.25% -0.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $615.8M $647.2M
Total Long-Term Liabilities $4.415B $4.519B
Total Liabilities $5.031B $5.166B
YoY Change -1.38% 0.52%
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 $6.005B $5.968B
YoY Change
Total Liabilities & Shareholders Equity $11.24B $11.34B
YoY Change -0.39% 0.75%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $192.6M $122.3M
YoY Change 3.73% 44.78%
Depreciation, Depletion And Amortization $138.6M $137.0M
YoY Change 2.1% 1.67%
Cash From Operating Activities $251.2M $343.4M
YoY Change 15.89% 22.24%
INVESTING ACTIVITIES
Capital Expenditures $143.6M -$361.4M
YoY Change -216.85% 156.61%
Acquisitions
YoY Change
Other Investing Activities $153.0M $4.570M
YoY Change 10.09% 23.11%
Cash From Investing Activities $9.377M -$356.8M
YoY Change -41.65% 160.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -253.0M -154.7M
YoY Change 76.07% 6.5%
NET CHANGE
Cash From Operating Activities 251.2M 343.4M
Cash From Investing Activities 9.377M -356.8M
Cash From Financing Activities -253.0M -154.7M
Net Change In Cash 7.517M -168.1M
YoY Change -91.56% 11238.37%
FREE CASH FLOW
Cash From Operating Activities $251.2M $343.4M
Capital Expenditures $143.6M -$361.4M
Free Cash Flow $107.5M $704.8M
YoY Change -68.33% 67.11%

Facts In Submission

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CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.82
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.01
CY2022Q3 us-gaap Profit Loss
ProfitLoss
125703000
CY2021Q3 us-gaap Profit Loss
ProfitLoss
87047000
us-gaap Profit Loss
ProfitLoss
455840000
us-gaap Profit Loss
ProfitLoss
359786000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-279000
CY2021Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-278000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-835000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-835000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
125982000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
87325000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
456675000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
360621000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3401000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2598000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
12049000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
11727000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
122581000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
84727000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
444626000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
348894000
us-gaap Profit Loss
ProfitLoss
455840000
us-gaap Profit Loss
ProfitLoss
359786000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
405412000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
398678000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
131963000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
134515000
maa Gainon Saleof Non Depreciable Assets
GainonSaleofNonDepreciableAssets
809000
maa Gainon Saleof Non Depreciable Assets
GainonSaleofNonDepreciableAssets
202000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
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us-gaap Derivative Gain Loss On Derivative Net
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11492000
us-gaap Share Based Compensation
ShareBasedCompensation
14615000
us-gaap Share Based Compensation
ShareBasedCompensation
12804000
us-gaap Amortization Of Debt Discount Premium
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4547000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4142000
maa Gain From Unconsolidated Limited Partnerships Net Of Distributions Received
GainFromUnconsolidatedLimitedPartnershipsNetOfDistributionsReceived
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maa Gain From Unconsolidated Limited Partnerships Net Of Distributions Received
GainFromUnconsolidatedLimitedPartnershipsNetOfDistributionsReceived
18001000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
10019000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
67050000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
807315000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
678250000
maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
252628000
maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
46028000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
219221000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
208563000
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
124262000
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
179810000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
386000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
483000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
11100000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1971000
maa Proceeds From Real Estate Asset Dispositions
ProceedsFromRealEstateAssetDispositions
165827000
maa Proceeds From Real Estate Asset Dispositions
ProceedsFromRealEstateAssetDispositions
158812000
maa Proceedsfrominsurancerecoveries
Proceedsfrominsurancerecoveries
26385000
maa Proceedsfrominsurancerecoveries
Proceedsfrominsurancerecoveries
7422000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-414613000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
125000000
us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
594423000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
126043000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
466817000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5473000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5922000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
10968000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
12009000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
395258000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
352384000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2766000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2766000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
43070000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-10214000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5906000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
130598000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
35615000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53554000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41521000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38996000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29811000
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
14558000
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
11710000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53554000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41521000
us-gaap Interest Paid Net
InterestPaidNet
109936000
us-gaap Interest Paid Net
InterestPaidNet
109471000
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
33272000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
30175000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
18484000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6146000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7781000
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
292
CY2022Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
16
CY2022Q3 us-gaap Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
32900000
CY2022Q3 us-gaap Marketable Securities
MarketableSecurities
6200000
CY2022Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
6800000
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
10100000
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
PercentageOfReimbursableRevenueFromLeasingOfApartmentHomes
0.05
maa Percentageof Rental Revenueand Other Income From Nonleasing Activities
PercentageofRentalRevenueandOtherIncomeFromNonleasingActivities
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CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
45300000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
47000000.0
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
29200000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30300000
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
125703000
CY2021Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
87047000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
455840000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
359786000
CY2022Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
3392000
CY2021Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
2568000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
12025000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
11636000
CY2022Q3 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
82000
CY2021Q3 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
80000
CY2022Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
922000
CY2021Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
922000
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2766000
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2766000
CY2022Q3 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
121307000
CY2021Q3 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
83477000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
440741000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
345025000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115363000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114933000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115325000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114568000
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.82
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.01
CY2022Q3 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
125703000
CY2021Q3 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
87047000
maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
455840000
maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
359786000
CY2022Q3 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
3392000
CY2021Q3 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
2568000
maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
12025000
maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
11636000
CY2022Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
922000
CY2021Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
922000
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2766000
us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
2766000
CY2022Q3 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
121389000
CY2021Q3 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
83557000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
441049000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
345384000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115363000
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114933000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115325000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114568000
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
205000
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
296000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
267000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
305000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115568000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115229000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115592000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114873000
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.82
CY2022Q3 us-gaap Notes Payable
NotesPayable
4519151000
CY2022Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.034
us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2022Q3 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50.00
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115447252
CY2022Q3 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
118643681
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115138323
CY2021Q3 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
118541005
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1500000
CY2022Q3 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
50.00
us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2022Q3 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50.00
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0850
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
4.25
CY2022Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
43400000
CY2022Q3 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
118643681
CY2022Q3 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
115447252
CY2022Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3196429
CY2021Q3 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
118541005
CY2021Q3 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
115138323
CY2021Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3402682
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
730000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2885000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2862000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2872000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2920000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
59993000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
72262000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
43110000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
29152000
CY2022Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
2000000.0
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5200000
CY2022Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
292
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
maa Period Properties Owned And Stabilized
PeriodPropertiesOwnedAndStabilized
P12M
CY2022Q3 maa Occupancy Level For Stabilized Communities
OccupancyLevelForStabilizedCommunities
0.90
maa Period Properties Stabilized
PeriodPropertiesStabilized
P90D
CY2022Q3 us-gaap Revenues
Revenues
520783000
CY2021Q3 us-gaap Revenues
Revenues
452575000
us-gaap Revenues
Revenues
1491901000
us-gaap Revenues
Revenues
1314507000
CY2022Q3 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
329360000
CY2021Q3 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
279737000
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
949381000
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
810440000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
136879000
CY2021Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
134611000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
404761000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
397938000
CY2022Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
16262000
CY2021Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
13831000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
48429000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
40522000
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12188000
CY2021Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12670000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44091000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
38763000
CY2022Q3 us-gaap Interest Expense
InterestExpense
38637000
CY2021Q3 us-gaap Interest Expense
InterestExpense
39234000
us-gaap Interest Expense
InterestExpense
116663000
us-gaap Interest Expense
InterestExpense
117773000
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000
CY2021Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-313000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
131963000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
134515000
CY2022Q3 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
431000
CY2021Q3 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
170000
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
809000
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
202000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1718000
CY2021Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
10344000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19248000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14557000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1256000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2803000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5750000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5847000
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
341000
CY2021Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
258000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1129000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
915000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3392000
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2568000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12025000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
11636000
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2766000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2766000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
121389000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
83557000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
441049000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
345384000
CY2022Q3 us-gaap Assets
Assets
11338227000
CY2021Q4 us-gaap Assets
Assets
11285182000

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