MID-AMERICA APARTMENT COMMUNITIES, INC. MAA Income Statement

Mid-america apartment communities, inc. (MAA)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic and Diluted Share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.25	-	-	-	-	-	-	-	-	-	-
Revenues:
Rental revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	254,161	249,326	245,665	241,421	240,411	236,165	234,199	228,986	225,789	223,361	220,988	210,436	124,612	123,204	122,711	119,478	113,015	108,959	95,206	98,400	101,004	97,996	95,742	35,758	92,388	90,592	90,308	89,220	89,593
Other property revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,737	22,910	23,351	21,917	22,328	22,726	23,612	22,737	22,981	21,883	22,402	21,987	10,648	10,766	10,479	9,871	9,966	9,840	8,654	9,673	9,052	8,942	8,980	4,217	8,307	7,648	7,020	5,701	4,906
Total property revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	133,970	133,190	-	122,981	118,799	103,860	108,073	110,056	106,938	104,722	39,975	100,695	98,240	97,328	94,921	94,499
Management fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	142	177	-	209	209	269	266	265	263	223	203	186	155	136	78	63
Rental and other property revenues
418,098	416,817	415,632	407,390	401,178	-	397,108	390,073	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134,112	133,367	-	123,190	119,008	104,129	108,339	110,321	107,201	104,945	40,178	100,881	98,395	97,464	94,999	94,562
Expenses:
Operating expense, excluding real estate taxes and insurance
91,368	91,169	100,319	96,172	89,793	-	97,703	92,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Personnel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,236	25,858	25,197	24,967	26,508	25,872	25,653	25,091	26,355	25,195	24,909	23,952	14,930	14,735	14,682	14,199	14,156	13,603	12,397	12,358	13,366	13,134	12,821	4,449	12,959	12,623	12,358	12,244	11,962
Building repairs and maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,377	7,680	6,099	7,329	8,795	7,778	6,622	6,329	8,703	7,533	6,748	8,466	4,554	3,953	3,335	3,671	4,292	3,743	3,323	3,381	4,401	3,619	3,255	772	4,352	3,633	3,327	4,310	3,287
Real estate taxes and insurance
61,804	58,618	59,220	57,970	59,584	55,450	57,037	55,750	55,256	51,808	52,597	54,163	53,973	38,601	34,282	34,729	35,172	31,794	31,827	32,805	33,192	30,042	30,918	30,829	31,131	28,100	16,741	16,094	15,987	14,647	14,167	13,862	12,348	11,993	12,403	12,182	12,191	4,945	11,015	11,271	11,898	11,368	11,059
Depreciation and amortization
126,388	125,426	124,684	123,944	122,789	121,541	124,549	122,925	120,744	119,423	117,928	126,360	129,997	95,130	76,959	75,742	75,127	73,914	73,098	74,396	73,112	71,945	70,222	69,631	90,013	88,050	32,766	32,730	33,433	33,231	30,979	30,246	26,755	28,322	28,052	27,280	27,216	12,427	26,333	24,811	25,080	23,913	23,818
Total property operating expenses
279,560	275,213	284,223	278,086	272,166	444,255	279,289	271,655	89,148	610,781	96,582	91,806	271,270	-257,738	183,605	178,697	176,008	171,456	174,951	175,252	173,506	168,380	170,855	167,529	187,376	179,461	88,459	86,482	86,210	83,945	82,268	78,970	70,177	72,866	76,034	73,002	71,545	29,630	71,214	67,185	66,631	66,050	62,740
Utilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,690	22,244	22,136	22,327	23,818	21,596	22,028	-2,736	14,874	21,559	21,548	30,390	7,506	6,974	6,867	6,572	7,381	6,553	5,435	5,949	7,084	6,148	6,007	2,182	6,629	5,636	5,599	6,135	5,231
Landscaping
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,021	5,673	5,321	4,426	3,953	5,687	5,392	4,439	4,002	6,040	5,408	4,485	2,894	2,898	3,041	2,698	2,640	2,593	2,516	2,412	2,647	2,634	2,635	895	2,548	2,504	2,515	2,451	2,490
Property management expenses
14,643	13,816	13,899	13,454	13,842	-	11,303	11,396	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,098	8,865	-	8,653	8,370	7,403	8,451	8,081	8,005	7,420	3,960	7,378	6,707	5,854	5,629	4,893
Acquisition expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	489	10	-	1,343	865	20	988	592	1,520	219	584	989	486	-24	30	107
Property management expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,446	5,331	-	5,460	5,570	4,924	5,458	4,904	5,194	5,144	2,665	4,547	4,479	4,277	4,007	4,503
General and administrative expenses
13,264	11,701	11,485	10,598	12,337	9,063	6,380	9,211	10,132	9,459	8,361	9,534	12,840	8,783	6,661	7,014	6,582	6,613	5,880	6,657	6,566	4,844	6,511	5,212	4,342	4,965	3,976	3,389	3,239	3,744	3,527	3,462	3,029	4,078	3,996	5,439	4,610	2,311	2,957	3,110	2,811	3,163	2,686
Merger Related Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,737	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Merger and integration related expenses
-	-	-	0	-	-	1,878	2,826	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before non-operating items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,569	38,577	-	30,592	30,141	25,979	24,949	24,795	22,046	23,427	4,988	21,174	23,135	23,769	21,749	24,526
Interest and other non-property (expense) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	47	-	89	112	114	313	140	114	235	171	217	86	315	161	68
Interest expense
43,482	43,698	44,513	45,936	45,700	-	44,650	43,585	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,271	15,716	-	14,530	14,073	12,792	14,373	15,183	13,945	13,914	12,343	13,587	13,982	13,891	14,371	14,472
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-169	-	0	-15	20	-644	-63	-48	0	-	-	-	-	-2	-141
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	803	804	-	971	869	656	756	724	707	715	382	675	648	595	587	588
Asset impairment on discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	324	1,590	-	0	-
Net casualty loss after insurance and other settlement proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	439	16	-	-22	2	-9	73	-286	-265	-141	30	72	102	-156	109	-
Loss on sale of depreciable real estate assets
-29	80,001	1,000	0	-13	-	-23	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of non-depreciable real estate assets
-376	2,787	0	297	8,963	-	959	2,761	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations available for common unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.32	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	48	-3	-	921	147	22	-6	-	-	-	-	1	-
Other non-operating expense (income)
-28,532	321	20,060	4,775	119	-	374	8,032	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on properties acquired from joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103	278	0	371	-	-
Income before income tax expense
38,212	155,498	82,572	64,388	66,202	-	54,918	62,195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,957	21,951	-	15,206	15,295	12,656	10,483	8,826	7,217	8,886	-5,831	7,155	7,103	10,125	6,842	9,393
Income tax expense
667	882	1,491	682	641	-	616	570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before real estate joint venture activity
37,545	154,616	81,081	63,706	65,561	-	54,302	61,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before real estate joint venture activity
37,545	154,616	81,081	63,706	65,561	-	54,302	61,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from real estate joint venture
407	444	378	435	397	-	402	356	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	54	-	-72	-67	-31	-63	-107	-178	-245	-293	-282	-298	-276	-288	-156
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,004	22,005	-	15,134	15,228	12,625	10,420	8,719	7,039	8,641	-	6,873	6,805	-	6,554	9,237
Loss from discontinued operations before gain on sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	907	0	-	753	1,293	484	1,658	805	641	521	-	100	85	-	311	326
Discontinued Operation, Asset Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
Net casualty gain after insurance and other settlement proceeds on discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	0	-	99	-2	-54	-5	0	0	-7	-	-	-	-	-	-
Gain on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,121	0	-	16,092	12,953	9,429	7,872	4,927	0	0	-	-	-2	-	13	1,155
Net income
37,952	155,060	81,459	64,141	65,958	-	54,704	61,981	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,028	22,005	-	32,078	29,472	22,484	19,945	14,451	7,680	9,155	-4,258	6,973	6,888	9,849	6,878	10,718
Net income attributable to noncontrolling interests
1,304	5,471	2,814	2,224	2,298	-	1,913	2,174	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,939	825	-	1,212	1,312	148	1,187	660	252	311	-416	224	228	437	260	570
Net income available for shareholders
36,648	149,589	78,645	61,917	63,660	-	52,791	59,807	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,089	21,180	-	30,866	28,160	22,336	18,758	13,791	7,428	8,844	-3,842	6,749	6,660	9,412	6,618	10,148
Dividends to MAA Series I preferred shareholders
922	922	922	922	922	-	922	922	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividend distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	629	2,704	3,216	3,216	3,217
Premiums and original issuance costs associated with the redemption of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,576	2,573	-	-	-
Net income available for MAA common shareholders
35,726	148,667	77,723	60,995	62,738	-	51,869	58,885	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,089	21,180	-	30,866	28,160	22,336	18,758	13,791	7,428	8,844	-	3,544	1,383	6,196	3,402	6,931
Earnings per common share - basic:
Discontinued property operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-324	-1,481
Income from continuing operations available for common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,078	5,450
Discontinued property operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.00	0.00	-	0.39	0.33	-	0.00	0.15	0.02	0.02	-	0.01	0.00	0.00	0.01	0.05
Net income available for MAA common shareholders
0.31	1.31	0.68	0.53	0.55	-	0.46	0.52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.38	0.50	-	0.74	0.69	-	0.00	0.37	0.20	0.25	-	0.11	0.04	0.21	0.12	0.25
Earnings Per Share, Basic and Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.57	-	-	-	-	-	-	-	-	-	-
Earnings per common share - diluted:
Income from continuing operations available for common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.38	0.50	-	0.35	0.36	-	0.00	0.22	0.18	0.23	-	0.11	0.04	0.21	0.11	0.20
Discontinued property operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.99	0.00	-	0.39	0.33	0.25	0.00	0.15	0.02	0.01	-	0.01	0.00	0.00	0.01	0.05
Net income available for MAA common shareholders
0.31	1.31	0.68	0.53	0.55	-	0.46	0.52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.37	0.50	-	0.74	0.69	-	0.00	0.37	0.20	0.24	-	0.11	0.04	0.21	0.12	0.25
Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,364	28,105
Effect of dilutive securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	79
Diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,441	28,184
Net income available for MAA common shareholders
35,726	148,667	77,723	60,995	62,738	-	51,869	58,885	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,089	21,180	-	-	-	-	-	-	-	-	-	-	-	-	3,402	6,931
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.69	0.69	-	0.66	0.66	-	0.00	0.62	0.62	0.62	-	0.61	0.61	0.61	0.61	0.61
Distribution Made to Limited Partner, Distributions Declared, Per Unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.66	-	-	-	-	-	-	-	-	-	-
Parent Company [Member]
Total operating revenues
-	-	-	-	-	-	-	-	386,017	-	384,550	382,791	378,908	307,198	276,898	272,236	269,016	263,338	262,739	258,891	257,811	251,723	248,781	245,305	243,487	-	135,406	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Revenue, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	258,891	257,811	251,723	248,770	245,244	243,390	-	135,260	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management Fees, Base Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	11	61	97	-	146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses
-	-	-	-	-	-	-	-	265,148	-	267,107	272,329	87,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cost and Expense, Operating
-	-	-	-	-	-	-	-	12,880	-	10,281	10,745	-	13,326	7,040	6,771	6,956	6,699	6,952	7,118	7,507	33,270	15,781	6,742	7,619	-	9,068	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned Property Management Costs
-	-	-	-	-	-	-	-	-	-	-	-	10,981	-	7,908	8,310	9,004	7,884	7,627	6,986	8,493	8,076	7,429	9,579	7,011	-	4,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Merger and Integration Related Expenses
-	-	-	-	-	-	-	-	3,799	-	4,130	4,207	6,161	38,656	1,033	421	713	622	657	1,159	339	1,417	13	947	11	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before non-operating items
-	-	-	-	-	-	-	-	-	-	94,671	85,976	77,656	-	73,790	77,794	76,709	76,763	73,624	68,837	68,907	67,801	63,495	58,092	38,829	-	32,405	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger Related Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,901	0	0	0	0	0	0	-50	331	795	2,076	-	5,561	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Integration Related Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	0	0	1,255	147	3,151	3,842	-	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	40,905	-	39,940	38,481	36,584	33,529	32,168	32,039	32,211	30,833	32,052	29,528	29,931	30,374	28,251	30,163	30,676	-	14,923	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other non-property income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	62	32	-9	-231	29	-157	-236	85	899	160	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on sale of depreciable real estate assets excluded from discontinued operations
-	-	-	-	-	-	-	-	0	-	58,844	274	-73	31,825	47,749	68	755	-73	54,621	105,182	30,228	395	36,032	3,658	2,564	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	-218	-5	-3	-3,376	0	-2,586	0	0	-	-218	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	905	917	1,004	1,000	1,174	1,311	-	820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain Loss From Insurance Settlement And Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-75	1,760	-947	-12	-6	510	-19	-45	-126	-295	-10	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate assets
-	-	-	-	-	-	-	-	150	-	-6	48	0	1	0	543	1,627	0	0	172	0	-185	0	-22	557	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
-	-	-	-	-	-	-	-	-2,341	-	5,695	2,627	2,711	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
-	-	-	-	-	-	-	-	50,962	-	119,264	50,444	43,710	42,344	89,360	48,188	45,968	45,618	97,773	144,294	64,735	36,352	67,649	30,995	10,113	-	16,460	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	-640	-	-641	-618	-651	-500	-454	-457	-288	-254	-511	-398	-510	-815	-442	-523	-270	-	-223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before joint venture activity
-	-	-	-	-	-	-	-	50,322	-	118,623	49,826	43,059	41,844	88,906	47,731	45,680	45,364	97,262	143,896	64,225	35,537	67,207	30,472	9,843	-	16,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) from real estate joint ventures
-	-	-	-	-	-	-	-	498	-	335	329	357	214	0	-101	128	3	-1	-23	19	-10	3,124	2,919	-24	-	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	50,820	-	118,958	50,155	43,416	42,058	88,906	47,630	45,808	45,367	96,828	143,873	64,677	36,458	70,719	33,386	15,714	-	46,056	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143,873	64,244	35,527	70,331	33,391	9,819	-	16,297	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	433	915	488	-4	416	-	972	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from Insurance Settlement and Other, Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-1	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net casualty gain (loss) after insurance and other settlement proceeds on discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	16	-103	0	5,481	-	28,788	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	1,801	-	4,249	1,840	1,511	2,672	4,627	2,486	2,395	2,380	5,094	7,574	3,410	1,933	3,743	1,773	848	-	1,772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for shareholders
-	-	-	-	-	-	-	-	49,019	-	114,709	48,315	41,905	-	84,279	45,144	43,413	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Dividends, Income Statement Impact
-	-	-	-	-	-	-	-	922	-	922	922	922	307	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAA common shareholders
-	-	-	-	-	-	-	-	48,097	-	113,787	47,393	40,983	39,079	84,279	45,144	43,413	42,987	91,734	136,299	61,267	34,525	66,976	31,613	14,866	-	44,284	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations available for common shareholders (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.81	0.81	0.00	0.89	0.42	0.12	-	0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued property operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.08	-	0.67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Basic
-	-	-	-	-	-	-	-	0.42	-	1.00	0.42	0.36	-	1.12	0.60	0.58	0.00	0.00	1.81	0.81	0.00	0.89	0.42	0.20	-	1.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations available for common shareholders (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.81	0.81	0.00	0.89	0.42	0.12	-	0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued property operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.08	-	0.67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings Per Share, Diluted
-	-	-	-	-	-	-	-	0.42	-	1.00	0.42	0.36	-	1.12	0.60	0.58	0.00	0.00	1.81	0.81	0.00	0.89	0.42	0.20	-	1.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.87	0.87	0.87	-	0.82	0.82	0.82	-	0.00	0.77	0.77	-	0.73	0.73	0.73	-	0.69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution Made to Limited Partner, Distributions Declared, Per Unit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.82	-	0.00	0.00	0.77	-	0.00	0.00	0.73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Limited Partner [Member]
Rental revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	254,161	249,326	245,665	241,421	240,411	236,165	234,199	228,986	225,789	223,361	220,988	-	124,612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,737	22,910	23,351	21,917	22,328	22,726	23,612	22,737	22,981	21,883	22,402	-	10,648	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Revenue, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	258,891	257,811	251,723	248,770	245,244	243,390	-	135,260	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management Fees, Base Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	11	61	97	-	146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental and other property revenues
418,098	416,817	415,632	407,390	401,178	398,148	397,108	390,073	386,017	382,738	384,550	382,791	378,908	307,198	276,898	272,236	269,016	263,338	262,739	258,891	257,811	251,723	248,781	245,305	243,487	-	135,406	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expense, excluding real estate taxes and insurance
91,368	91,169	100,319	96,172	89,793	-	97,703	92,980	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Personnel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,236	25,858	25,197	24,967	26,508	25,872	25,653	25,091	26,355	25,195	24,909	-	14,930	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Building repairs and maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,377	7,680	6,099	7,329	8,795	7,778	6,622	6,329	8,703	7,533	6,748	-	4,554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes and insurance
61,804	58,618	59,220	57,970	59,584	55,450	57,037	55,750	55,256	51,808	52,597	54,163	53,973	38,601	34,282	34,729	35,172	31,794	31,827	32,805	33,192	30,042	30,918	30,829	31,131	-	16,741	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
126,388	125,426	124,684	123,944	122,789	121,541	124,549	122,925	120,744	119,423	117,928	126,360	129,997	95,130	76,959	75,742	75,127	73,914	73,098	74,396	73,112	71,945	70,222	69,631	90,013	-	32,766	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total property operating expenses
279,560	275,213	284,223	278,086	272,166	444,255	279,289	271,655	89,148	610,781	96,582	91,806	271,270	-257,738	183,605	178,697	176,008	171,456	174,951	175,252	173,506	168,380	170,855	167,529	187,376	-	88,459	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses
-	-	-	-	-	-	-	-	265,148	-	267,107	272,329	87,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Utilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,690	22,244	22,136	22,327	23,818	21,596	22,028	-2,736	14,874	21,559	21,548	-	7,506	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Landscaping
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,021	5,673	5,321	4,426	3,953	5,687	5,392	4,439	4,002	6,040	5,408	-	2,894	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property management expenses
14,643	13,816	13,899	13,454	13,842	12,054	11,303	11,396	12,880	-	10,281	10,745	-	13,326	7,040	6,771	6,956	6,699	6,952	7,118	7,507	33,270	15,781	6,742	7,619	-	9,068	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Acquisition Related Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,033	421	713	622	657	1,159	339	1,417	13	947	11	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned Property Management Costs
-	-	-	-	-	-	-	-	-	-	-	-	10,981	-	7,908	8,310	9,004	7,884	7,627	6,986	8,493	8,076	7,429	9,579	7,011	-	4,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
13,264	11,701	11,485	10,598	12,337	9,063	6,380	9,211	10,132	9,459	8,361	9,534	12,840	8,783	6,661	7,014	6,582	6,613	5,880	6,657	6,566	4,844	6,511	5,212	4,342	-	3,976	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger Related Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,901	0	0	0	0	0	0	-50	331	795	2,076	-	5,561	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger and integration related expenses
-	-	-	0	-	609	1,878	2,826	3,799	5,492	4,130	4,207	6,161	40,823	0	0	0	-	-	0	0	1,255	147	3,151	3,842	-	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before non-operating items
-	-	-	-	-	-	-	-	-	-	94,671	85,976	77,656	-	73,790	77,794	76,709	76,763	73,624	68,837	68,907	67,801	63,495	58,092	38,829	-	32,405	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other non-property income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	62	32	-9	-231	29	-157	-236	85	899	160	-	16	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
43,482	43,698	44,513	45,936	45,700	44,454	44,650	43,585	40,905	39,746	39,940	38,481	36,584	33,529	32,168	32,039	32,211	30,833	32,052	29,528	29,931	30,374	28,251	30,163	30,676	-	14,923	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3	-218	-5	-3	-3,376	0	-2,586	0	0	-	-218	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	905	917	1,004	1,000	1,174	1,311	-	820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain Loss From Insurance Settlement And Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-75	1,760	-947	-12	-6	510	-19	-45	-126	-295	-10	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of depreciable real estate assets
-29	80,001	1,000	0	-13	-18	-23	2	0	68,341	58,844	274	-73	31,825	47,749	68	755	-73	54,621	105,182	30,228	395	36,032	3,658	2,564	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of non-depreciable real estate assets
-376	2,787	0	297	8,963	-	959	2,761	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate assets
-	-	-	-	-	-	-	-	150	-	-6	48	0	1	0	543	1,627	0	0	172	0	-185	0	-22	557	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-operating expense (income)
-28,532	321	20,060	4,775	119	-631	374	8,032	-2,341	3,320	5,695	2,627	2,711	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
38,212	155,498	82,572	64,388	66,202	63,726	54,918	62,195	50,962	128,367	119,264	50,444	43,710	42,344	89,360	48,188	45,968	45,618	97,773	144,294	64,735	36,352	67,649	30,995	10,113	-	16,460	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
667	882	1,491	682	641	-	616	570	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before real estate joint venture activity
37,545	154,616	81,081	63,706	65,561	-	54,302	61,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	-640	-	-641	-618	-651	-500	-454	-457	-288	-254	-511	-398	-510	-815	-442	-523	-270	-	-223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before real estate joint venture activity
37,545	154,616	81,081	63,706	65,561	62,941	54,302	61,625	50,322	127,658	118,623	49,826	43,059	41,844	88,906	47,731	45,680	45,364	97,262	143,896	64,225	35,537	67,207	30,472	9,843	-	16,237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from real estate joint venture
407	444	378	435	397	576	402	356	498	349	335	329	357	214	0	-101	128	3	-1	-23	19	-10	3,124	2,919	-24	-	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	143,873	64,244	35,527	70,331	33,391	9,819	-	16,297	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	433	915	488	-4	416	-	973	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from Insurance Settlement and Other, Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-1	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net casualty gain (loss) after insurance and other settlement proceeds on discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	-1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	16	-103	0	5,481	-	28,806	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
37,952	155,060	81,459	64,141	65,958	63,517	54,704	61,981	50,820	128,007	118,958	50,155	43,416	42,058	88,906	47,630	45,808	45,367	96,828	143,873	64,677	36,458	70,719	33,386	15,714	-	46,075	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAALP common unitholders
-	-	-	63,219	-	-	-	61,059	49,898	127,085	118,036	49,233	42,494	41,751	88,906	47,630	45,808	45,367	96,828	143,873	64,677	36,458	70,719	33,386	15,714	-	46,075	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAALP common unitholders
-	-	-	63,219	-	-	-	61,059	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to preferred unitholders
922	922	922	922	922	922	922	922	922	922	922	922	922	307	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for shareholders
37,030	-	80,537	-	65,036	-	53,782	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations available for common shareholders (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.81	0.81	0.00	0.89	0.42	0.12	-	0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued property operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.08	-	0.67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAA common shareholders
0.31	1.31	0.68	0.53	0.55	-	0.46	0.52	-	-	-	-	0.36	-	1.12	0.60	0.61	0.00	0.00	1.81	0.81	0.00	0.89	0.42	0.20	-	1.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAALP common unitholders
0.31	1.31	0.68	0.53	0.55	0.53	0.46	0.52	0.42	-	1.00	0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations available for common shareholders (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.81	0.81	0.00	0.89	0.42	0.12	-	0.37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued property operations (dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.08	-	0.67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAA common shareholders
0.31	1.31	0.68	0.53	0.55	-	0.46	0.52	-	-	-	-	0.36	-	1.12	0.60	0.61	0.00	0.00	1.81	0.81	0.00	0.89	0.42	0.20	-	1.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAALP common unitholders
0.31	1.31	0.68	0.53	0.55	0.53	0.46	0.52	0.42	-	1.00	0.42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution Made to Limited Partner, Distributions Declared, Per Unit
-	-	-	-	-	-	-	-	-	-	0.87	0.87	0.87	-	0.82	0.82	0.82	-	0.00	0.77	0.77	-	0.73	0.73	0.73	-	0.69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-