Mid-america apartment communities, inc. (MAA)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Dec'17Dec'16Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Land

1,910

1,905

1,898

1,883

-

1,868

-

-

-

-

394

396

363

-

388

358

337

307

320

312

291

288

270

258

255

Buildings and improvements and other

11,897

11,841

11,825

11,775

-

11,670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buildings and improvements and other

11,897

11,841

11,825

11,775

-

11,670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buildings and improvements

-

-

-

-

-

-

-

-

-

-

3,247

3,237

2,918

-

3,133

2,966

2,865

2,608

2,794

2,733

2,601

2,538

2,509

2,410

2,364

Furniture, fixtures and equipment

-

-

-

-

-

-

-

-

-

-

102

100

87

-

96

94

93

80

90

86

85

83

81

78

73

Development and capital improvements in progress

158

116

101

97

-

59

-

-

-

-

31

47

51

-

61

75

74

41

35

31

20

11

3

4

10

Real Estate Investment Property, at Cost

13,967

13,864

13,825

13,757

-

13,598

-

-

-

-

3,776

3,782

3,419

-

3,679

3,495

3,371

3,037

3,240

3,163

2,998

2,921

2,865

2,751

2,704

Less: Accumulated depreciation

3,080

2,955

2,906

2,791

-

2,549

-

-

-

-

1,068

1,051

930

-

995

990

980

847

937

937

917

863

862

836

788

Real Estate Investment Property, Net

10,886

10,908

10,919

10,965

-

11,049

-

-

-

-

2,707

2,730

2,489

-

2,683

2,504

2,391

2,190

2,303

2,226

2,081

2,057

2,002

1,914

1,916

Undeveloped land

34

34

41

-

-

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Corporate properties, net

-

-

-

-

-

-

-

-

-

-

7

7

7

-

7

7

8

8

8

8

8

8

8

8

8

Investment in real estate joint venture

43

43

43

43

-

44

-

-

-

-

3

3

0

-

5

6

16

17

17

17

18

17

15

12

8

Real estate assets, net

10,965

10,987

11,004

11,067

-

11,151

-

-

-

-

2,723

2,746

2,499

-

2,698

2,519

2,417

2,217

2,329

2,253

2,109

2,084

2,027

1,936

1,935

Cash and cash equivalents

34

20

25

40

-

34

-

-

-

-

181

8

8

-

13

22

41

57

24

12

47

45

100

25

13

Restricted cash

14

50

16

16

-

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

58

12

0

-

1

1

22

1

12

1

1

1

2

0

0

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

13

12

12

-

15

14

15

14

14

13

13

13

14

13

13

Other assets

141

172

178

149

-

120

-

-

-

-

47

43

30

-

33

28

26

27

26

21

26

25

22

17

19

Assets held for sale

-

-

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

4

4

4

-

4

4

4

4

4

4

4

4

4

4

4

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

5

-

-

10

8

-

-

-

5

-

-

18

-

0

Total assets

11,155

11,230

11,247

11,274

-

11,323

-

-

6,785

6,841

3,028

2,834

2,555

2,751

2,775

2,599

2,527

2,321

2,412

2,313

2,201

2,176

2,189

1,998

1,986

Undeveloped land

-

-

-

58

-

-

-

-

-

-

5

5

1

-

1

1

1

1

1

1

1

1

1

1

1

Liabilities and equity
Liabilities:
Unsecured notes payable

3,859

3,828

3,830

3,879

-

4,053

-

-

-

-

810

585

577

-

514

363

187

135

135

-

-

-

-

-

-

Secured notes payable

624

626

645

660

-

475

-

-

-

-

1,050

1,106

1,094

-

1,192

1,226

1,353

1,494

1,452

-

-

1,500

-

-

-

Notes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,535

1,451

-

1,551

1,363

1,399

Accounts payable

-

-

-

-

-

-

-

-

-

-

6

10

5

-

5

5

4

1

3

2

2

1

2

1

1

Fair market value of interest rate swaps

-

-

-

-

-

-

-

-

17

20

9

11

17

21

25

27

29

33

39

41

41

48

60

56

51

Accrued expenses and other liabilities

445

472

521

450

-

413

-

-

-

-

109

96

80

-

101

89

79

85

93

82

72

73

80

67

69

Liabilities associated with assets held for sale

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

9

-

-

-

0

-

0

0

-

0

Total liabilities

4,929

4,926

4,997

4,990

-

4,942

-

-

-

-

1,993

1,816

1,808

-

1,845

1,728

1,659

1,775

1,729

1,669

1,574

1,631

1,701

1,497

1,530

Security deposits

-

-

-

-

-

-

-

-

-

-

6

6

6

-

6

6

6

5

6

6

6

6

7

8

8

Due to general partner

-

-

-

-

-

0

-

-

-

-

-

-

27

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable common stock

11

14

13

12

-

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable stock

-

-

-

-

-

-

-

-

-

-

5

5

5

-

4

4

4

4

3

4

3

3

3

2

2

Shareholders’ equity:
Preferred Stock, Value, Outstanding

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Common stock

1

1

-

-

-

1

-

-

-

-

0

0

-

-

0

0

0

-

0

0

0

0

0

0

0

Additional paid-in capital

7,170

7,166

-

-

-

7,138

-

-

-

-

1,562

1,569

-

-

1,520

1,494

1,491

-

1,310

1,264

1,230

1,142

1,085

1,074

988

Accumulated distributions in excess of net income

1,160

1,085

-

-

-

989

-

-

-

-

567

582

-

-

596

624

625

-

614

605

589

575

559

541

510

Accumulated other comprehensive loss

-12

-13

-14

-9

-

-0

-

-

2

0

-4

-6

-22

-26

-30

-30

-31

-38

-41

-42

-41

-48

-60

-56

-47

Total MAA shareholders’ equity

5,997

6,068

-

-

-

6,149

-

-

-

-

990

980

-

-

894

839

834

-

654

617

600

518

465

475

430

Noncontrolling interests - Operating Partnership units

211

214

-

-

-

220

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Company's shareholders’ equity

6,208

6,283

-

-

-

6,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests - consolidated real estate entities

6

6

6

5

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Partners' Capital

-

-

-

-

-

-

-

-

-

-

-

-

726

-

-

-

-

528

-

-

-

-

-

-

-

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

39

31

14

-

31

26

29

13

23

22

23

22

20

21

22

Total equity

6,215

6,289

-

-

-

6,372

-

6,642

-

-

1,030

1,011

-

-

925

865

863

-

678

640

623

540

485

497

453

Total liabilities and equity

11,155

11,230

-

-

-

11,323

-

-

-

-

3,028

2,834

2,555

-

2,775

2,599

2,527

2,321

2,412

2,313

2,201

2,176

2,189

1,998

1,986

Liabilities and capital
Liabilities:
Redeemable common stock

11

14

-

-

-

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Partnership capital:
General Partners' Capital Account

-

-

-

-

-

-

-

-

-

-

-

-

718

-

-

-

-

538

-

-

-

-

-

-

-

Limited Partners' Capital Account

-

-

-

-

-

-

-

-

-

-

-

-

30

112

-

-

-

28

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-12

-13

-

-

-

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating partners’ capital

-

-

-

-

-

-

-

-

-

-

-

-

741

-

-

-

-

542

-

-

-

-

-

-

-

Noncontrolling interests - consolidated real estate entities

6

6

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

-

-

-

-

-

-

-

6,642

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable stock, shares issued and outstanding

-

-

0

0

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited Partner [Member]
Land

1,910

1,905

1,898

1,883

-

1,868

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buildings and improvements and other

11,897

11,841

-

-

-

11,670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buildings and improvements and other

11,897

11,841

11,825

11,775

-

11,670

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Development and capital improvements in progress

158

116

101

97

-

59

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real Estate Investment Property, at Cost

13,967

13,864

13,825

13,757

-

13,598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Accumulated depreciation

3,080

2,955

2,906

2,791

-

2,549

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real Estate Investment Property, Net

10,886

10,908

10,919

10,965

-

11,049

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Undeveloped land

-

-

41

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in real estate joint venture

43

43

43

43

-

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate assets, net

10,965

10,987

11,004

11,067

-

11,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

34

20

25

40

-

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

14

50

16

16

-

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

141

172

178

149

-

120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale

-

-

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

11,155

11,230

11,247

11,274

-

11,323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Undeveloped land

34

34

-

58

-

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured notes payable

3,859

3,828

3,830

3,879

-

4,053

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured notes payable

624

626

645

660

-

475

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

445

472

521

450

-

413

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

4,929

4,926

4,997

4,990

-

4,942

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to general partner

0

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable common stock

11

14

13

12

-

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-13

-13

-15

-9

-

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests - consolidated real estate entities

6

6

6

5

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable common stock

11

14

-

-

-

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Units, Preferred Partners' Capital Accounts

66

66

66

66

-

66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General Partners' Capital Account

5,943

6,015

5,964

5,993

-

6,083

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited Partners' Capital Account

211

214

213

215

-

220

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-13

-13

-

-

-

-0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating partners’ capital

6,208

6,283

6,229

6,266

-

6,369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests - consolidated real estate entities

6

6

-

-

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total equity

6,215

6,289

6,236

6,272

-

6,372

-

235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

11,155

11,230

11,247

11,274

-

11,323

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable stock, shares issued and outstanding

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Parent Company [Member]
Land

-

-

-

-

1,878

-

1,836

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buildings, Improvements, and Other

-

-

-

-

11,730

-

11,281

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Development and capital improvements in progress

-

-

-

-

57

-

116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real Estate Investment Property, at Cost

-

-

-

-

13,666

-

13,234

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less accumulated depreciation

-

-

-

-

2,668

-

2,075

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real Estate Investment Property, Net

-

-

-

-

10,997

-

11,159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in real estate joint ventures

-

-

-

-

44

-

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real estate assets, net

-

-

-

-

11,099

-

11,261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

44

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted Cash

-

-

-

-

14

-

78

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

144

-

135

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Real Estate Held-for-sale

-

-

-

-

-

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets

-

-

-

-

11,303

-

11,491

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Undeveloped land

-

-

-

-

58

-

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured Debt

-

-

-

-

3,886

-

3,525

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured notes payable

-

-

-

-

661

-

976

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-

-

-

-

419

-

405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

-

-

-

-

4,967

-

4,907

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable stock

-

-

-

-

11

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Stock, Value, Outstanding

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock

-

-

-

-

1

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

-

-

-

-

7,141

-

7,121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated distributions in excess of net income

-

-

-

-

1,037

-

784

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive income (losses)

-

-

-

-

-3

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total MAA shareholders' equity

-

-

-

-

6,102

-

6,339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling Interest in Joint Ventures

-

-

-

-

5

-

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest

-

-

-

-

218

-

231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

6,320

-

6,571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable stock, shares issued and outstanding

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Permanent Equity Attributable to Parent and Noncontrolling Interest

-

-

-

-

6,325

-

6,573

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity

-

-

-

-

11,303

-

11,491

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-