$MAA
MID AMERICA APARTMENT COMMUNITIES INC.

2023 Q4 Form 10-Q Financial Statement

#000095017023055620 Filed on October 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $542.2M $542.0M
YoY Change 2.71% 4.08%
Cost Of Revenue $209.2M $215.5M
YoY Change 5.57% 3.76%
Gross Profit $333.0M $326.5M
YoY Change 0.98% 4.28%
Gross Profit Margin 61.41% 60.24%
Selling, General & Admin $15.25M $13.50M
YoY Change 3.44% 10.76%
% of Gross Profit 4.58% 4.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $141.1M $146.9M
YoY Change 1.78% 7.21%
% of Gross Profit 42.36% 44.99%
Operating Expenses $156.1M $160.2M
YoY Change 2.06% 7.47%
Operating Profit $176.9M $166.3M
YoY Change 0.05% 1.38%
Interest Expense -$15.26M $36.65M
YoY Change -71.54% -5.14%
% of Operating Profit -8.63% 22.04%
Other Income/Expense, Net $1.438M -$16.49M
YoY Change -331.19% 860.01%
Pretax Income $165.5M $113.1M
YoY Change -16.43% -8.89%
Income Tax $1.148M -$209.0K
% Of Pretax Income 0.69% -0.18%
Net Earnings $159.5M $110.7M
YoY Change -17.18% -9.47%
Net Earnings / Revenue 29.41% 20.43%
Basic Earnings Per Share $0.94
Diluted Earnings Per Share $1.37 $0.94
COMMON SHARES
Basic Shares Outstanding 116.7M 116.7M
Diluted Shares Outstanding 116.7M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $59.91M $177.1M
YoY Change 28.41% 291.84%
Cash & Equivalents $41.31M $161.9M
Short-Term Investments $18.60M $15.20M
Other Short-Term Assets
YoY Change
Inventory $73.86M $74.00M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $115.2M $236.0M
YoY Change 11.85% 128.44%
LONG-TERM ASSETS
Property, Plant & Equipment $11.07B $10.88B
YoY Change 1.32% -0.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $41.98M $80.00M
YoY Change -46.86% -5.04%
Other Assets $13.78M $13.00M
YoY Change -38.53% -83.96%
Total Long-Term Assets $11.37B $11.15B
YoY Change 2.08% -0.79%
TOTAL ASSETS
Total Short-Term Assets $115.2M $236.0M
Total Long-Term Assets $11.37B $11.15B
Total Assets $11.48B $11.38B
YoY Change 2.16% 0.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $645.2M $666.0M
YoY Change 4.76% 2.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $645.2M $666.0M
YoY Change 4.76% 2.91%
LONG-TERM LIABILITIES
Long-Term Debt $4.540B $4.394B
YoY Change 2.84% -2.77%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.540B $4.394B
YoY Change 2.84% -2.77%
TOTAL LIABILITIES
Total Short-Term Liabilities $645.2M $666.0M
Total Long-Term Liabilities $4.540B $4.394B
Total Liabilities $5.185B $5.061B
YoY Change 3.07% -2.04%
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 $6.094B $6.117B
YoY Change
Total Liabilities & Shareholders Equity $11.48B $11.38B
YoY Change 2.16% 0.39%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $159.5M $110.7M
YoY Change -17.18% -9.47%
Depreciation, Depletion And Amortization $141.1M $146.9M
YoY Change 1.78% 7.21%
Cash From Operating Activities $264.9M $318.2M
YoY Change 5.46% -7.34%
INVESTING ACTIVITIES
Capital Expenditures $338.1M $133.8M
YoY Change 135.44% -137.02%
Acquisitions
YoY Change
Other Investing Activities -$8.533M -$2.000M
YoY Change -105.58% -143.76%
Cash From Investing Activities -$346.8M -$135.7M
YoY Change -3798.01% -61.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.50M -170.8M
YoY Change -84.78% 10.38%
NET CHANGE
Cash From Operating Activities 264.9M 318.2M
Cash From Investing Activities -346.8M -135.7M
Cash From Financing Activities -38.50M -170.8M
Net Change In Cash -120.4M 11.70M
YoY Change -1701.44% -106.96%
FREE CASH FLOW
Cash From Operating Activities $264.9M $318.2M
Capital Expenditures $338.1M $133.8M
Free Cash Flow -$73.24M $184.4M
YoY Change -168.1% -73.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Central Index Key
EntityCentralIndexKey
0000912595
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2023Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#OtherAssets
CY2023Q3 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrentAndNoncurrent
CY2023Q3 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrentAndNoncurrent
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
4050910000
CY2023Q3 us-gaap Secured Debt
SecuredDebt
360110000
CY2022Q4 us-gaap Secured Debt
SecuredDebt
363993000
CY2023Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
666437000
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
615843000
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-12762
dei Entity Registrant Name
EntityRegistrantName
MID-AMERICA APARTMENT COMMUNITIES, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
TN
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
62-1543819
dei Entity Address Address Line1
EntityAddressAddressLine1
6815 Poplar Ave
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 500
dei Entity Address City Or Town
EntityAddressCityOrTown
Germantown
dei Entity Address State Or Province
EntityAddressStateOrProvince
TN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
38138
dei City Area Code
CityAreaCode
901
dei Local Phone Number
LocalPhoneNumber
682-6600
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
116687501
CY2023Q3 us-gaap Land
Land
2008523000
CY2022Q4 us-gaap Land
Land
2008364000
CY2023Q3 maa Buildings Improvements And Other
BuildingsImprovementsAndOther
13252746000
CY2022Q4 maa Buildings Improvements And Other
BuildingsImprovementsAndOther
12841947000
CY2023Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
338864000
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
332035000
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
15600133000
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
15182346000
CY2023Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
4725099000
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
4302747000
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
10875034000
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
10879599000
CY2023Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
73861000
CY2022Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
64312000
CY2023Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
42290000
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
42290000
CY2023Q3 maa Real Estate Assets Net
RealEstateAssetsNet
10991185000
CY2022Q4 maa Real Estate Assets Net
RealEstateAssetsNet
10986201000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
161897000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38659000
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
13440000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
22412000
CY2023Q3 us-gaap Other Assets
OtherAssets
215800000
CY2022Q4 us-gaap Other Assets
OtherAssets
193893000
CY2023Q3 us-gaap Assets
Assets
11382322000
CY2022Q4 us-gaap Assets
Assets
11241165000
CY2023Q3 us-gaap Unsecured Debt
UnsecuredDebt
4034153000
CY2023Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
140174
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
136429
CY2023Q3 us-gaap Liabilities
Liabilities
5060700000
CY2022Q4 us-gaap Liabilities
Liabilities
5030746000
CY2023Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
18033000
CY2022Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
20671000
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.085
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.085
CY2023Q3 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
50
CY2022Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
50
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
867846
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
867846
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
867846
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
867846
CY2023Q3 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
9000
CY2022Q4 us-gaap Preferred Stock Value Outstanding
PreferredStockValueOutstanding
9000
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
145000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
145000000
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
116686730
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
116686730
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
115480336
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115480336
CY2023Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1168000
CY2022Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
1152000
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
7410109000
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
7202834000
CY2023Q3 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
1285428000
CY2022Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
1188854000
CY2023Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-9244000
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10052000
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
6116614000
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
6005089000
CY2023Q3 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
163950000
CY2022Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
163595000
CY2023Q3 maa Parent Lp Stockholders Equity Including Portion Attributable To Noncontrolling Interest
ParentLPStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6280564000
CY2022Q4 maa Parent Lp Stockholders Equity Including Portion Attributable To Noncontrolling Interest
ParentLPStockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6168684000
CY2023Q3 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
23025000
CY2022Q4 us-gaap Minority Interest In Joint Ventures
MinorityInterestInJointVentures
21064000
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6303589000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6189748000
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11382322000
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11241165000
CY2023Q3 us-gaap Revenues
Revenues
542042000
CY2022Q3 us-gaap Revenues
Revenues
520783000
us-gaap Revenues
Revenues
1606221000
us-gaap Revenues
Revenues
1491901000
CY2023Q3 maa Operating Costs And Expenses Excluding Depreciation And Amortization And Real Estate Taxes And Insurance
OperatingCostsAndExpensesExcludingDepreciationAndAmortizationAndRealEstateTaxesAndInsurance
122660000
CY2022Q3 maa Operating Costs And Expenses Excluding Depreciation And Amortization And Real Estate Taxes And Insurance
OperatingCostsAndExpensesExcludingDepreciationAndAmortizationAndRealEstateTaxesAndInsurance
117390000
maa Operating Costs And Expenses Excluding Depreciation And Amortization And Real Estate Taxes And Insurance
OperatingCostsAndExpensesExcludingDepreciationAndAmortizationAndRealEstateTaxesAndInsurance
347868000
maa Operating Costs And Expenses Excluding Depreciation And Amortization And Real Estate Taxes And Insurance
OperatingCostsAndExpensesExcludingDepreciationAndAmortizationAndRealEstateTaxesAndInsurance
328514000
CY2023Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
76563000
CY2022Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
74033000
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
228491000
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
214006000
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
146702000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
136879000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
424175000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
404761000
CY2023Q3 maa Property Operating Expenses
PropertyOperatingExpenses
345925000
CY2022Q3 maa Property Operating Expenses
PropertyOperatingExpenses
328302000
maa Property Operating Expenses
PropertyOperatingExpenses
1000534000
maa Property Operating Expenses
PropertyOperatingExpenses
947281000
CY2023Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
16298000
CY2022Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
16262000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
50317000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
48429000
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13524000
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12188000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43329000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44091000
CY2023Q3 us-gaap Interest Expense
InterestExpense
36651000
CY2022Q3 us-gaap Interest Expense
InterestExpense
38637000
us-gaap Interest Expense
InterestExpense
110655000
us-gaap Interest Expense
InterestExpense
116663000
CY2023Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-75000
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-61000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
131963000
CY2023Q3 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
0
CY2022Q3 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
431000
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
54000
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
809000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16493000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1718000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3966000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19248000
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
113076000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
124106000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
405345000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
448961000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-209000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1256000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3596000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5750000
CY2023Q3 maa Income Loss From Continuing Operations Before Equity Method Investments
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestments
113285000
CY2022Q3 maa Income Loss From Continuing Operations Before Equity Method Investments
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestments
125362000
maa Income Loss From Continuing Operations Before Equity Method Investments
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestments
401749000
maa Income Loss From Continuing Operations Before Equity Method Investments
IncomeLossFromContinuingOperationsBeforeEquityMethodInvestments
454711000
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
447000
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
341000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1214000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1129000
CY2023Q3 us-gaap Profit Loss
ProfitLoss
113732000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
125703000
us-gaap Profit Loss
ProfitLoss
402963000
us-gaap Profit Loss
ProfitLoss
455840000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3392000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10633000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12025000
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
110732000
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
122311000
us-gaap Net Income Loss
NetIncomeLoss
392330000
us-gaap Net Income Loss
NetIncomeLoss
443815000
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
CY2022Q3 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
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
109810000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
121389000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
389564000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
441049000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.82
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.82
CY2023Q3 us-gaap Profit Loss
ProfitLoss
113732000
CY2022Q3 us-gaap Profit Loss
ProfitLoss
125703000
us-gaap Profit Loss
ProfitLoss
402963000
us-gaap Profit Loss
ProfitLoss
455840000
CY2023Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-279000
CY2022Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-279000
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
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
114011000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
125982000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
403798000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
456675000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3009000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3401000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
10660000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
12049000
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
111002000
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
122581000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
393138000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
444626000
us-gaap Profit Loss
ProfitLoss
402963000
us-gaap Profit Loss
ProfitLoss
455840000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
424797000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
405412000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-61000
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
131963000
maa Gainon Saleof Non Depreciable Assets
GainonSaleofNonDepreciableAssets
54000
maa Gainon Saleof Non Depreciable Assets
GainonSaleofNonDepreciableAssets
809000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-1863000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-10364000
us-gaap Share Based Compensation
ShareBasedCompensation
12296000
us-gaap Share Based Compensation
ShareBasedCompensation
14615000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4537000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
4547000
maa Gain From Unconsolidated Limited Partnerships Net Of Distributions Received
GainFromUnconsolidatedLimitedPartnershipsNetOfDistributionsReceived
745000
maa Gain From Unconsolidated Limited Partnerships Net Of Distributions Received
GainFromUnconsolidatedLimitedPartnershipsNetOfDistributionsReceived
-39290000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
26538000
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
10019000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
872256000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
807315000
maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
12450000
maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
252628000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
261069000
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
219221000
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
151145000
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
124262000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
386000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
7505000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
11100000
maa Proceeds From Real Estate Asset Dispositions
ProceedsFromRealEstateAssetDispositions
2948000
maa Proceeds From Real Estate Asset Dispositions
ProceedsFromRealEstateAssetDispositions
165827000
maa Proceedsfrominsurancerecoveries
Proceedsfrominsurancerecoveries
680000
maa Proceedsfrominsurancerecoveries
Proceedsfrominsurancerecoveries
26385000
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
290
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-428541000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-414613000
us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
-20000000
us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
125000000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3861000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
126043000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5473000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
13266000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
10968000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
488354000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
395258000
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 Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
204743000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
761000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
43070000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5945000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-11929000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-329449000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-469746000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
114266000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-77044000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61071000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
130598000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175337000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53554000
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
161897000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
38996000
CY2023Q3 us-gaap Restricted Cash
RestrictedCash
13440000
CY2022Q3 us-gaap Restricted Cash
RestrictedCash
14558000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
175337000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
53554000
us-gaap Interest Paid Net
InterestPaidNet
105640000
us-gaap Interest Paid Net
InterestPaidNet
109936000
us-gaap Income Taxes Paid
IncomeTaxesPaid
3824000
us-gaap Income Taxes Paid
IncomeTaxesPaid
3463000
maa Dividends And Distributions Declared And Accrued
DividendsAndDistributionsDeclaredAndAccrued
167768000
maa Dividends And Distributions Declared And Accrued
DividendsAndDistributionsDeclaredAndAccrued
148305000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
26519000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
30175000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9065000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6146000
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
894000
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
500000
CY2023Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
16
CY2023Q3 us-gaap Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
37700000
CY2023Q3 maa Marketable Equity Securities Received
MarketableEquitySecuritiesReceived
7700000
CY2022Q3 maa Marketable Equity Securities Received
MarketableEquitySecuritiesReceived
16300000
CY2023Q3 us-gaap Marketable Securities
MarketableSecurities
15200000
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
8000000
CY2023Q3 us-gaap Investment Income Net
InvestmentIncomeNet
7100000
CY2022Q3 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
6800000
us-gaap Investment Income Net
InvestmentIncomeNet
500000
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
10100000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2766000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2766000
CY2023Q3 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
109766000
CY2022Q3 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
121307000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
389403000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
440741000
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
0.01
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
42900000
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
44600000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
27600000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
28700000
CY2023Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
113732000
CY2022Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
125703000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
402963000
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
455840000
CY2023Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
3000000
CY2022Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
3392000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
10633000
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
12025000
CY2023Q3 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
44000
CY2022Q3 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
82000
maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
161000
maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
308000
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116633000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115363000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116479000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115325000
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.94
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.82
CY2023Q3 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
113732000
CY2022Q3 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
125703000
maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
402963000
maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
455840000
CY2023Q3 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
3000000
CY2022Q3 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
3392000
maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
10633000
maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
12025000
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
CY2022Q3 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
CY2023Q3 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
109810000
CY2022Q3 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
121389000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
389564000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
441049000
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116633000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115363000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116479000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115325000
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
78000
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
205000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
134000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
267000
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116711000
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115568000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116613000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115592000
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.94
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.05
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.82
CY2023Q3 us-gaap Notes Payable
NotesPayable
4394263000
CY2023Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.034
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
750000000
us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2023Q3 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50.00
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
116686730
CY2023Q3 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
119834510
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115447252
CY2022Q3 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
118643681
CY2023Q3 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
50
us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2023Q3 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.085
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
4.25
CY2023Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
43400000
CY2023Q1 maa Equity Sale Settled Shares Amount
EquitySaleSettledSharesAmount
1100000
CY2023Q1 maa Equity Sale Forward Price Per Share
EquitySaleForwardPricePerShare
185.23
CY2023Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
203700000
CY2023Q3 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
119834510
CY2023Q3 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
116686730
CY2023Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3147780
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
CY2023Q1 maa Equity Sale Settled Shares Amount
EquitySaleSettledSharesAmount
1100000
CY2023Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
203700000
CY2023Q1 us-gaap General Partners Capital Account Units Issued
GeneralPartnersCapitalAccountUnitsIssued
1100000
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P33Y
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
732000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2904000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2872000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2920000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2969000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
57024000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
69421000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
41849000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
27572000
CY2023Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7300000
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
10000000
CY2023Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
290
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
maa Period Properties Owned And Stabilized
PeriodPropertiesOwnedAndStabilized
P12M
CY2023Q3 maa Occupancy Level For Stabilized Communities
OccupancyLevelForStabilizedCommunities
0.90
maa Period Properties Stabilized
PeriodPropertiesStabilized
P90D
CY2023Q3 us-gaap Revenues
Revenues
542042000
CY2022Q3 us-gaap Revenues
Revenues
520783000
us-gaap Revenues
Revenues
1606221000
us-gaap Revenues
Revenues
1491901000
CY2023Q3 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
342819000
CY2022Q3 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
329360000
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
1029862000
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
949381000
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
146702000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
136879000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
424175000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
404761000
CY2023Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
16298000
CY2022Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
16262000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
50317000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
48429000
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13524000
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12188000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43329000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
44091000
CY2023Q3 us-gaap Interest Expense
InterestExpense
36651000
CY2022Q3 us-gaap Interest Expense
InterestExpense
38637000
us-gaap Interest Expense
InterestExpense
110655000
us-gaap Interest Expense
InterestExpense
116663000
CY2023Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-75000
CY2022Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-61000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
131963000
CY2023Q3 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
0
CY2022Q3 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
431000
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
54000
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
809000
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-16493000
CY2022Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1718000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3966000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19248000
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-209000
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1256000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3596000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-5750000
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
447000
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
341000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1214000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1129000
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000
CY2022Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3392000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
10633000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12025000
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
CY2022Q3 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
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
109810000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
121389000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
389564000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
441049000
CY2023Q3 us-gaap Assets
Assets
11382322000
CY2022Q4 us-gaap Assets
Assets
11241165000
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
maa-20230930_cal.xml Edgar Link unprocessable
maa-20230930_def.xml Edgar Link unprocessable
0000950170-23-055620-index-headers.html Edgar Link pending
0000950170-23-055620-index.html Edgar Link pending
0000950170-23-055620.txt Edgar Link pending
0000950170-23-055620-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
maa-20230930.htm Edgar Link pending
maa-20230930.xsd Edgar Link pending
maa-ex31_1.htm Edgar Link pending
maa-ex31_2.htm Edgar Link pending
maa-ex31_3.htm Edgar Link pending
maa-ex31_4.htm Edgar Link pending
maa-ex32_1.htm Edgar Link pending
maa-ex32_2.htm Edgar Link pending
maa-ex32_3.htm Edgar Link pending
maa-ex32_4.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
maa-20230930_lab.xml Edgar Link unprocessable
maa-20230930_pre.xml Edgar Link unprocessable
maa-20230930_htm.xml Edgar Link completed
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending