2023 Q1 Form 10-K Financial Statement

#000095017023002778 Filed on February 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $529.0M $528.0M $2.020B
YoY Change 11.12% 13.89% 13.6%
Cost Of Revenue $200.7M $198.2M $789.2M
YoY Change 7.94% 8.72% 8.57%
Gross Profit $328.3M $329.8M $1.231B
YoY Change 13.16% 17.24% 17.08%
Gross Profit Margin 62.06% 62.46% 60.93%
Selling, General & Admin $15.92M $14.74M $58.83M
YoY Change -2.45% 4.4% 11.25%
% of Gross Profit 4.85% 4.47% 4.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $138.8M $138.6M $544.0M
YoY Change 3.56% 2.1% 1.79%
% of Gross Profit 42.27% 42.03% 44.2%
Operating Expenses $154.4M $153.0M $601.8M
YoY Change 2.91% 2.25% 2.65%
Operating Profit $173.9M $176.8M $628.9M
YoY Change 24.15% 34.28% 35.28%
Interest Expense $37.28M -$53.61M $154.7M
YoY Change -4.7% 88.01% -1.36%
% of Operating Profit 21.44% -30.33% 24.61%
Other Income/Expense, Net $3.467M -$622.0K -$42.71M
YoY Change -67.88% -108.62% -225.99%
Pretax Income $140.1M $198.0M $647.0M
YoY Change 25.39% -0.19% 14.89%
Income Tax $944.0K -$458.0K -$6.208M
% Of Pretax Income 0.67% -0.23% -0.96%
Net Earnings $135.9M $192.6M $637.4M
YoY Change 22.66% 3.73% 19.42%
Net Earnings / Revenue 25.69% 36.47% 31.56%
Basic Earnings Per Share $1.16 $5.49
Diluted Earnings Per Share $1.16 $1.67 $5.48
COMMON SHARES
Basic Shares Outstanding 116.6M 115.5M 115.3M
Diluted Shares Outstanding 116.4M 115.6M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $157.3M $46.66M $38.66M
YoY Change 140.64% -14.07% -28.81%
Cash & Equivalents $142.4M $38.66M $38.66M
Short-Term Investments $14.90M $8.000M
Other Short-Term Assets
YoY Change
Inventory $73.86M $64.31M $64.31M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $216.3M $103.0M $103.0M
YoY Change 141.24% 31.48% 31.48%
LONG-TERM ASSETS
Property, Plant & Equipment $10.93B $10.92B $10.92B
YoY Change 0.73% 0.41% 0.41%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $72.43M $78.99M $78.99M
YoY Change -34.88% -35.37% -35.37%
Other Assets $13.61M $22.41M $22.41M
YoY Change 11.04% -70.62% -70.62%
Total Long-Term Assets $11.14B $11.14B $11.14B
YoY Change 0.24% -0.61% -0.61%
TOTAL ASSETS
Total Short-Term Assets $216.3M $103.0M $103.0M
Total Long-Term Assets $11.14B $11.14B $11.14B
Total Assets $11.35B $11.24B $11.24B
YoY Change 1.37% -0.39% -0.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $566.1M $615.8M $615.8M
YoY Change 6.54% 5.38% 5.38%
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 $566.1M $615.8M $615.8M
YoY Change 6.54% 5.38% 5.38%
LONG-TERM LIABILITIES
Long-Term Debt $4.396B $4.415B $4.415B
YoY Change -3.13% -2.25% -2.25%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.396B $4.415B $4.415B
YoY Change -3.13% -2.25% -2.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $566.1M $615.8M $615.8M
Total Long-Term Liabilities $4.396B $4.415B $4.415B
Total Liabilities $4.962B $5.031B $5.215B
YoY Change -2.11% -1.38% -1.41%
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 $6.183B $6.005B $6.026B
YoY Change
Total Liabilities & Shareholders Equity $11.35B $11.24B $11.24B
YoY Change 1.37% -0.39% -0.39%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $135.9M $192.6M $637.4M
YoY Change 22.66% 3.73% 19.42%
Depreciation, Depletion And Amortization $138.8M $138.6M $544.0M
YoY Change 3.56% 2.1% 1.79%
Cash From Operating Activities $218.3M $251.2M $1.058B
YoY Change 21.54% 15.89% 18.27%
INVESTING ACTIVITIES
Capital Expenditures $140.9M $143.6M $739.7M
YoY Change -263.44% -216.85% -232.73%
Acquisitions
YoY Change
Other Investing Activities $2.538M $153.0M $334.5M
YoY Change -5.72% 10.09% 10.13%
Cash From Investing Activities -$138.4M $9.377M -$405.2M
YoY Change 65.67% -41.65% 59.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 15.02M -253.0M -722.8M
YoY Change -109.75% 76.07% 32.28%
NET CHANGE
Cash From Operating Activities 218.3M 251.2M 1.058B
Cash From Investing Activities -138.4M 9.377M -405.2M
Cash From Financing Activities 15.02M -253.0M -722.8M
Net Change In Cash 94.95M 7.517M -69.53M
YoY Change -263.77% -91.56% -173.2%
FREE CASH FLOW
Cash From Operating Activities $218.3M $251.2M $1.058B
Capital Expenditures $140.9M $143.6M $739.7M
Free Cash Flow $77.39M $107.5M $318.8M
YoY Change -70.89% -68.33% -78.05%

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CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
8000000.0
CY2022 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
10000000.0
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28671000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30251000
CY2022Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
615843000
CY2021Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
584400000
CY2022 maa Percentage Of Rental Revenue And Other Income From Leasing Of Apartment Homes
PercentageOfRentalRevenueAndOtherIncomeFromLeasingOfApartmentHomes
0.94
CY2021 maa Percentage Of Reimbursable Revenue From Leasing Of Apartment Homes
PercentageOfReimbursableRevenueFromLeasingOfApartmentHomes
0.05
CY2022 maa Percentageof Rental Revenueand Other Income From Nonleasing Activities
PercentageofRentalRevenueandOtherIncomeFromNonleasingActivities
0.01
CY2022 us-gaap Advertising Expense
AdvertisingExpense
24400000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
23900000
CY2020 us-gaap Advertising Expense
AdvertisingExpense
23900000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
44600000
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
47000000.0
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28700000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30300000
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:8.0pt;font-family:Times New Roman;margin-bottom:8.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;font-family:Times New Roman;margin-bottom:7.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses to prepare these financial statements and notes in conformity with GAAP. Actual results could differ from those estimates.</span></p>
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
654776000
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
550702000
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
264015000
CY2022 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
17340000
CY2021 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
16911000
CY2020 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
9053000
CY2022 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
438000
CY2021 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
539000
CY2020 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
338000
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2022 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
633310000
CY2021 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
529564000
CY2020 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
250936000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115344000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114717000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114188000
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.49
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.62
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.20
CY2022 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
654776000
CY2021 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
550702000
CY2020 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
264015000
CY2022 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
17340000
CY2021 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
16911000
CY2020 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
9053000
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2022 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
633748000
CY2021 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
530103000
CY2020 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
251274000
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115344000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114717000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114188000
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
239
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
322
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
312
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115583000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115039000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114500000
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.48
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.61
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.19
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20100000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18200000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16000000.0
CY2022 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1300000
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1500000
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1700000
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
12100000
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y9M18D
CY2022 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
14000000.0
CY2021 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
51800000
CY2020 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
5800000
CY2021 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
9000000.0
CY2020 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
5700000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
16000000.0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
15800000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
13900000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2022Q4 us-gaap Notes Payable
NotesPayable
4414903000
CY2021Q4 us-gaap Notes Payable
NotesPayable
4516690000
CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.034
CY2022Q4 maa Totallongtermdebtmaturitiesrepaymentsofprincipalinnexttwelvemonths
Totallongtermdebtmaturitiesrepaymentsofprincipalinnexttwelvemonths
369509000
CY2022Q4 maa Total Long Term Debt Maturities Repayments Of Principal In Year Two
TotalLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
398842000
CY2022Q4 maa Total Long Term Debt Maturities Repayments Of Principal In Year Three
TotalLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
401751000
CY2022Q4 maa Total Long Term Debt Maturities Repayments Of Principal In Year Four
TotalLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
297202000
CY2022Q4 maa Total Long Term Debt Maturities Repayments Of Principal In Year Five
TotalLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
596548000
CY2022Q4 maa Total Long Term Deb Tmaturities Repayments Ofprincipal After Year Five
TotalLongTermDebTmaturitiesRepaymentsOfprincipalAfterYearFive
2351051000
CY2022Q4 maa Total Notes Payable
TotalNotesPayable
4414903000
CY2022 us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2022Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50.00
CY2022 maa Interest Expense Securities
InterestExpenseSecurities
45200000
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
328000
CY2022Q4 maa Unrealized Gain From Limited Partnerships
UnrealizedGainFromLimitedPartnerships
1122000
CY2021Q4 maa Unrealized Gain From Limited Partnerships
UnrealizedGainFromLimitedPartnerships
12946000
CY2022Q4 maa Unrealized Gain From Marketable Securities And Other
UnrealizedGainFromMarketableSecuritiesAndOther
1700000
CY2021Q4 maa Unrealized Gain From Marketable Securities And Other
UnrealizedGainFromMarketableSecuritiesAndOther
246000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2822000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
13192000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2822000
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
12864000
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
54200000
CY2022 maa Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
4.44
CY2022 maa Ordinary Income Dividends Per Share Percentage
OrdinaryIncomeDividendsPerSharePercentage
0.9503
CY2021 maa Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
2.43
CY2021 maa Ordinary Income Dividends Per Share Percentage
OrdinaryIncomeDividendsPerSharePercentage
0.5918
CY2020 maa Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
4.00
CY2020 maa Ordinary Income Dividends Per Share Percentage
OrdinaryIncomeDividendsPerSharePercentage
0.9998
CY2022 maa Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.23
CY2022 maa Returnof Capital Dividends Per Share Percentage
ReturnofCapitalDividendsPerSharePercentage
0.0478
CY2021 maa Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
1.36
CY2021 maa Returnof Capital Dividends Per Share Percentage
ReturnofCapitalDividendsPerSharePercentage
0.3315
CY2020 maa Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.00
CY2020 maa Returnof Capital Dividends Per Share Percentage
ReturnofCapitalDividendsPerSharePercentage
0.0002
CY2022 maa Unrecaptured Section1250 Gain Dividends Per Share
UnrecapturedSection1250GainDividendsPerShare
0.01
CY2022 maa Unrecaptured Section1250 Gain Dividends Per Share Percentage
UnrecapturedSection1250GainDividendsPerSharePercentage
0.0019
CY2021 maa Unrecaptured Section1250 Gain Dividends Per Share
UnrecapturedSection1250GainDividendsPerShare
0.31
CY2021 maa Unrecaptured Section1250 Gain Dividends Per Share Percentage
UnrecapturedSection1250GainDividendsPerSharePercentage
0.0767
CY2020 maa Unrecaptured Section1250 Gain Dividends Per Share
UnrecapturedSection1250GainDividendsPerShare
0.00
CY2020 maa Unrecaptured Section1250 Gain Dividends Per Share Percentage
UnrecapturedSection1250GainDividendsPerSharePercentage
0.0000
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
4.68
CY2022 maa Common Stock Dividends Per Share Cash Paid Percentage
CommonStockDividendsPerShareCashPaidPercentage
1
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
4.10
CY2021 maa Common Stock Dividends Per Share Cash Paid Percentage
CommonStockDividendsPerShareCashPaidPercentage
1
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
4.00
CY2020 maa Common Stock Dividends Per Share Cash Paid Percentage
CommonStockDividendsPerShareCashPaidPercentage
1
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115480336
CY2022Q4 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
118645269
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115336876
CY2021Q4 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
118542994
CY2022Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
50.00
CY2022 us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2022Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50.00
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0850
CY2022 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
4.25
CY2022Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
43400000
CY2022Q4 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
118645269
CY2022Q4 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
115480336
CY2022Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3164933
CY2021Q4 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
118542994
CY2021Q4 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
115336876
CY2021Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3206118
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4400000
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4100000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3900000
CY2022Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Fair Value Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares
700000
CY2021Q4 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Amount
SharesSubjectToMandatoryRedemptionSettlementTermsAmount
0
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
123687
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
19400000
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
2885000
CY2021 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
811000
CY2020 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
1024000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2862000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2872000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2920000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2969000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
57024000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
71532000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
42861000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28671000
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
10000000.0
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5200000
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
290
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2022 maa Period Properties Owned And Stabilized
PeriodPropertiesOwnedAndStabilized
P12M
CY2022Q4 maa Occupancy Level For Stabilized Communities
OccupancyLevelForStabilizedCommunities
0.90
CY2022 maa Period Properties Stabilized
PeriodPropertiesStabilized
P90D
CY2022 us-gaap Revenues
Revenues
2019866000
CY2021 us-gaap Revenues
Revenues
1778082000
CY2020 us-gaap Revenues
Revenues
1677984000
CY2022 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
1296172000
CY2021 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
1106917000
CY2020 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
1037513000
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
542998000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
533433000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
510842000
CY2022 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
65463000
CY2021 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
55732000
CY2020 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
52300000
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
58833000
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52884000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
46858000
CY2022 us-gaap Interest Expense
InterestExpense
154747000
CY2021 us-gaap Interest Expense
InterestExpense
156881000
CY2020 us-gaap Interest Expense
InterestExpense
167562000
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
214762000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
220428000
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
9000
CY2022 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
809000
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-42713000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33902000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4857000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6208000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13637000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3327000
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1579000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1211000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1501000
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
17340000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16911000
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9053000
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
633748000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
530103000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
251274000
CY2022Q4 us-gaap Assets
Assets
11241165000
CY2021Q4 us-gaap Assets
Assets
11285182000
CY2022 us-gaap Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
59000000
CY2022 maa Real Estate Geographic Location Of Property1
RealEstateGeographicLocationOfProperty1
Total Real Estate Assets, net of Real Estate Joint Venture
CY2022Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
3861000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
2072676000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
10115339000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
2072676000
CY2022Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
13173982000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
15246658000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4302747000
CY2022Q4 maa Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements Net
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsNet
10943911000
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
12200000000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14704237000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14338895000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
13898707000
CY2022 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
272342000
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
44086000
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
56327000
CY2022Q4 maa Fair Market Value Of Lease Included In Acquisitions
FairMarketValueOfLeaseIncludedInAcquisitions
1505000
CY2022 maa Real Estate Improvements And Developments
RealEstateImprovementsAndDevelopments
469661000
CY2021 maa Real Estate Improvements And Developments
RealEstateImprovementsAndDevelopments
506775000
CY2020 maa Real Estate Improvements And Developments
RealEstateImprovementsAndDevelopments
437268000
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
198077000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
185519000
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
53407000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
15246658000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14704237000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14338895000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3848161000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3415105000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2955253000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
540708000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
531848000
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
508746000
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
86122000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
98792000
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
48894000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
4302747000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3848161000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3415105000

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