$MAA
MID AMERICA APARTMENT COMMUNITIES INC.

2024 Q3 Form 10-Q Financial Statement

#000095017024089308 Filed on August 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $551.1M $546.4M
YoY Change 1.68% 2.11%
Cost Of Revenue $228.8M $223.0M
YoY Change 6.18% 5.98%
Gross Profit $322.3M $323.4M
YoY Change -1.29% -0.4%
Gross Profit Margin 58.48% 59.19%
Selling, General & Admin $12.73M $12.67M
YoY Change -5.72% -8.72%
% of Gross Profit 3.95% 3.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.9M $145.2M
YoY Change 0.0% 4.31%
% of Gross Profit 45.58% 44.89%
Operating Expenses $159.5M $157.7M
YoY Change -0.47% 3.17%
Operating Profit $162.9M $165.7M
YoY Change -2.07% -3.56%
Interest Expense $42.73M $41.27M
YoY Change 16.58% -263.78%
% of Operating Profit 26.24% 24.9%
Other Income/Expense, Net -$1.678M -$19.24M
YoY Change -89.83% -588.43%
Pretax Income $118.4M $105.2M
YoY Change 4.75% -30.84%
Income Tax $670.0K $1.020M
% Of Pretax Income 0.57% 0.97%
Net Earnings $115.2M $102.0M
YoY Change 4.03% -29.55%
Net Earnings / Revenue 20.9% 18.66%
Basic Earnings Per Share $0.98 $0.86
Diluted Earnings Per Share $0.98 $0.86
COMMON SHARES
Basic Shares Outstanding 116.9M 116.8M
Diluted Shares Outstanding 116.8M 116.8M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $53.53M $70.53M
YoY Change -69.77% -53.03%
Cash & Equivalents $50.23M $62.83M
Short-Term Investments $3.300M $7.700M
Other Short-Term Assets
YoY Change
Inventory $73.86M $73.86M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $124.1M $136.7M
YoY Change -47.42% -38.98%
LONG-TERM ASSETS
Property, Plant & Equipment $11.36B $11.18B
YoY Change 4.5% 2.16%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $98.79M $97.55M
YoY Change 23.49% 25.64%
Other Assets $29.15M $13.67M
YoY Change 124.23% 0.73%
Total Long-Term Assets $11.63B $11.43B
YoY Change 4.36% 2.32%
TOTAL ASSETS
Total Short-Term Assets $124.1M $136.7M
Total Long-Term Assets $11.63B $11.43B
Total Assets $11.76B $11.56B
YoY Change 3.29% 1.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $726.2M $656.0M
YoY Change 9.03% 5.17%
Deferred Revenue
YoY Change
Short-Term Debt $490.0M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.216B $656.0M
YoY Change 82.61% 5.17%
LONG-TERM LIABILITIES
Long-Term Debt $4.386B $4.701B
YoY Change -0.18% 6.93%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.386B $4.701B
YoY Change -0.18% 6.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.216B $656.0M
Total Long-Term Liabilities $4.386B $4.701B
Total Liabilities $5.602B $5.357B
YoY Change 10.7% 2.86%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.949B $6.004B
YoY Change
Total Liabilities & Shareholders Equity $11.76B $11.56B
YoY Change 3.29% 1.51%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $115.2M $102.0M
YoY Change 4.03% -29.55%
Depreciation, Depletion And Amortization $146.9M $145.2M
YoY Change 0.0% 4.31%
Cash From Operating Activities $309.5M $349.4M
YoY Change -2.72% 4.05%
INVESTING ACTIVITIES
Capital Expenditures $335.4M $247.1M
YoY Change 150.71% 64.74%
Acquisitions
YoY Change
Other Investing Activities $13.69M $10.28M
YoY Change -784.35% -331.12%
Cash From Investing Activities -$321.8M -$236.8M
YoY Change 137.11% 53.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -217.0K -104.1M
YoY Change -99.87% -40.03%
NET CHANGE
Cash From Operating Activities 309.5M 349.4M
Cash From Investing Activities -321.8M -236.8M
Cash From Financing Activities -217.0K -104.1M
Net Change In Cash -12.44M 8.424M
YoY Change -206.32% 9.29%
FREE CASH FLOW
Cash From Operating Activities $309.5M $349.4M
Capital Expenditures $335.4M $247.1M
Free Cash Flow -$25.91M $102.3M
YoY Change -114.05% -44.95%

Facts In Submission

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dei Entity Registrant Name
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MID-AMERICA APARTMENT COMMUNITIES, INC.
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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6815 Poplar Ave
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CY2024Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
252272000
us-gaap Profit Loss
ProfitLoss
289231000
CY2024Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-503000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-278000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1020000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-556000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
105165000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
289787000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2724000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3970000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6601000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
7651000
CY2024Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
102441000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
145965000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
246691000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
282136000
us-gaap Profit Loss
ProfitLoss
252272000
us-gaap Profit Loss
ProfitLoss
289231000
us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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us-gaap Gain Loss On Disposition Of Assets
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us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
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maa Gainon Saleof Non Depreciable Assets
GainonSaleofNonDepreciableAssets
0
maa Gainon Saleof Non Depreciable Assets
GainonSaleofNonDepreciableAssets
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us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3806000
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
9387000
us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Amortization Of Debt Discount Premium
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3055000
us-gaap Amortization Of Debt Discount Premium
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maa Gain Loss From Unconsolidated Limited Partnerships Net Of Distributions Received
GainLossFromUnconsolidatedLimitedPartnershipsNetOfDistributionsReceived
4314000
maa Gain Loss From Unconsolidated Limited Partnerships Net Of Distributions Received
GainLossFromUnconsolidatedLimitedPartnershipsNetOfDistributionsReceived
7292000
us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Other Operating Activities Cash Flow Statement
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
549627000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
554083000
maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
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maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
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us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
174343000
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
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us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
104118000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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224000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1124000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
5630000
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
6729000
us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
0
maa Proceeds From Real Estate Asset Dispositions
ProceedsFromRealEstateAssetDispositions
0
maa Proceeds From Real Estate Asset Dispositions
ProceedsFromRealEstateAssetDispositions
3024000
maa Net Proceeds From Insurance Recoveries
NetProceedsFromInsuranceRecoveries
9072000
maa Net Proceeds From Insurance Recoveries
NetProceedsFromInsuranceRecoveries
696000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
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us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
744551000
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
400000000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7150000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0
us-gaap Payments Of Dividends Minority Interest
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9191000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
325006000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1844000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1844000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
616000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
204391000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3068000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6571000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21409000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
102654000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55091000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61071000
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76500000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163725000
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
62831000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
150155000
CY2024Q2 us-gaap Restricted Cash
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13669000
CY2023Q2 us-gaap Restricted Cash
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
76500000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
163725000
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid
IncomeTaxesPaid
3181000
us-gaap Income Taxes Paid
IncomeTaxesPaid
3321000
maa Distribution On Common Units Declared And Accrued
DistributionOnCommonUnitsDeclaredAndAccrued
176329000
maa Distribution On Common Units Declared And Accrued
DistributionOnCommonUnitsDeclaredAndAccrued
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us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
35993000
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
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us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7140000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
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us-gaap Conversion Of Stock Amount Converted1
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2603000
us-gaap Conversion Of Stock Amount Converted1
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531000
CY2024Q2 us-gaap Number Of Real Estate Properties
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291
CY2024Q2 maa Number Of Units Under Development Community
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2617
CY2024Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
16
CY2024Q2 us-gaap Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
32400000
CY2024Q2 maa Marketable Equity Securities Received
MarketableEquitySecuritiesReceived
0
CY2023Q2 maa Marketable Equity Securities Received
MarketableEquitySecuritiesReceived
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CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
7700000
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
18600000
CY2024Q2 us-gaap Proceeds From Sale Of Equity Securities Fv Ni
ProceedsFromSaleOfEquitySecuritiesFvNi
6700000
CY2024Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
5600000
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
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maa Percentageof Rental Revenueand Other Income From Nonleasing Activities
PercentageofRentalRevenueandOtherIncomeFromNonleasingActivities
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CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
27300000
CY2024Q2 us-gaap Profit Loss
ProfitLoss
104662000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
149657000
us-gaap Profit Loss
ProfitLoss
252272000
us-gaap Profit Loss
ProfitLoss
289231000
CY2024Q2 maa Net Income Attributable To Noncontrolling Interests Basic
NetIncomeAttributableToNoncontrollingInterestsBasic
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CY2023Q2 maa Net Income Attributable To Noncontrolling Interests Basic
NetIncomeAttributableToNoncontrollingInterestsBasic
-3969000
maa Net Income Attributable To Noncontrolling Interests Basic
NetIncomeAttributableToNoncontrollingInterestsBasic
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maa Net Income Attributable To Noncontrolling Interests Basic
NetIncomeAttributableToNoncontrollingInterestsBasic
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CY2024Q2 us-gaap Undistributed Earnings
UndistributedEarnings
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CY2023Q2 us-gaap Undistributed Earnings
UndistributedEarnings
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us-gaap Undistributed Earnings
UndistributedEarnings
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us-gaap Undistributed Earnings
UndistributedEarnings
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CY2024Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
922000
CY2023Q2 us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
922000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1844000
us-gaap Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
1844000
CY2024Q2 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
100984000
CY2023Q2 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
144708000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
243747000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
279636000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116783000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116621000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116727000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116401000
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.24
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.4
CY2024Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
252272000
us-gaap Profit Loss
ProfitLoss
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CY2024Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
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CY2023Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-3969000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-6570000
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-7633000
CY2024Q2 us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
-47000
us-gaap Undistributed Earnings Diluted
UndistributedEarningsDiluted
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CY2024Q2 maa Dividends To I Preferred Shareholders Diluted
DividendsToIPreferredShareholdersDiluted
922000
CY2023Q2 maa Dividends To I Preferred Shareholders Diluted
DividendsToIPreferredShareholdersDiluted
922000
maa Dividends To I Preferred Shareholders Diluted
DividendsToIPreferredShareholdersDiluted
1844000
maa Dividends To I Preferred Shareholders Diluted
DividendsToIPreferredShareholdersDiluted
1844000
CY2024Q2 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
100984000
CY2023Q2 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
144766000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
243747000
maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
279754000
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116783000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116621000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116727000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116401000
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
104000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
157000
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116783000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116725000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116727000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116558000
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.24
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.4
CY2024Q2 us-gaap Notes Payable
NotesPayable
4700864000
CY2024Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
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us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2024Q2 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
116858044
CY2024Q2 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
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CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
116676966
CY2023Q2 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
119831650
CY2024Q2 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
50
us-gaap Preferred Stock Redemption Date
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2026-10-01
CY2024Q2 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
CY2024Q2 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
43400000
CY2023Q1 maa Equity Sale Settled Shares Amount1
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1100000
CY2023Q1 maa Equity Sale Forward Price Per Share
EquitySaleForwardPricePerShare
185.23
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ProceedsFromIssuanceOrSaleOfEquity
203700000
CY2024Q2 maa Operating Partnership Units Outstanding
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CY2024Q2 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
116858044
CY2024Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3093707
CY2023Q2 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
119831650
CY2023Q2 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
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CY2023Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3154684
CY2023Q1 maa Equity Sale Settled Shares Amount1
EquitySaleSettledSharesAmount1
1100000
CY2023Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
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CY2023Q1 us-gaap General Partners Capital Account Units Issued
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1100000
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1463000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2919000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2968000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1583000
CY2024Q2 maa Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
55605000
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
67541000
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
41029000
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
26512000
CY2024Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
14400000
CY2023Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
7600000
CY2024Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
291
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
maa Period Properties Owned And Stabilized
PeriodPropertiesOwnedAndStabilized
P12M
CY2024Q2 maa Occupancy Level For Stabilized Communities
OccupancyLevelForStabilizedCommunities
0.90
maa Period Properties Stabilized
PeriodPropertiesStabilized
P90D
CY2024Q2 us-gaap Revenues
Revenues
546435000
CY2023Q2 us-gaap Revenues
Revenues
535146000
us-gaap Revenues
Revenues
1090057000
us-gaap Revenues
Revenues
1064179000
CY2024Q2 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
340639000
CY2023Q2 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
340813000
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
686459000
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
687043000
CY2024Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
145022000
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
138972000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
288042000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
277473000
CY2024Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
17201000
CY2023Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
16091000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
37196000
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
34019000
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12671000
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13882000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29716000
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
29805000
CY2024Q2 us-gaap Interest Expense
InterestExpense
41265000
CY2023Q2 us-gaap Interest Expense
InterestExpense
36723000
us-gaap Interest Expense
InterestExpense
81626000
us-gaap Interest Expense
InterestExpense
74004000
CY2024Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-23000
CY2023Q2 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-25000
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
14000
CY2024Q2 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
0
CY2023Q2 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
0
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
0
maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
54000
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19244000
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
16992000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4282000
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
20459000
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1020000
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2861000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2815000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3805000
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
469000
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
382000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
951000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
767000
CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2709000
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3969000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6570000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
7633000
CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
922000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1844000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1844000
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
101031000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
144766000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
243858000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
279754000
CY2024Q2 us-gaap Assets
Assets
11562867000
CY2023Q4 us-gaap Assets
Assets
11484503000
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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