MID-AMERICA APARTMENT COMMUNITIES, INC. MAA Income Statement

Mid-america apartment communities, inc. (MAA)

Income statement / TTM

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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	990,573	976,823	963,662	952,196	939,761	925,139	912,335	899,124	880,574	779,397	679,240	580,963	490,005	478,408	464,163	436,658	415,580	403,569	392,606	393,142	330,500	321,884	314,480	309,046	362,508	359,713	0	0	0
Other property revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	90,915	90,506	90,322	90,583	91,403	92,056	91,213	90,003	89,253	76,920	65,803	53,880	41,764	41,082	40,156	38,331	38,133	37,219	36,321	36,647	31,191	30,446	29,152	27,192	28,676	25,275	0	0	0
Total property revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	540,767	525,596	-	453,713	440,788	428,927	429,789	361,691	352,330	343,632	336,238	391,184	384,988	0	0	0
Management fee income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	740	807	-	953	1,009	1,063	1,017	954	875	767	680	555	432	0	0	0
Rental and other property revenues
1,657,937	1,641,017	1,621,308	1,595,749	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	541,507	526,403	-	454,666	441,797	429,990	430,806	362,645	353,205	344,399	336,918	391,739	385,420	0	0	0
Expenses:
Operating expense, excluding real estate taxes and insurance
379,028	377,453	383,987	376,648	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Personnel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	103,258	102,530	102,544	103,000	103,124	102,971	102,294	101,550	100,411	88,986	78,526	68,299	58,546	57,772	56,640	54,355	52,514	51,724	51,255	51,679	43,770	43,363	42,852	42,389	50,184	49,187	0	0	0
Building repairs and maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,485	29,903	30,001	30,524	29,524	29,432	29,187	29,313	31,450	27,301	23,721	20,308	15,513	15,251	15,041	15,029	14,739	14,848	14,724	14,656	12,047	11,998	12,012	12,084	15,622	14,557	0	0	0
Real estate taxes and insurance
237,612	235,392	232,224	230,041	227,821	223,493	219,851	215,411	213,824	212,541	199,334	181,019	161,585	142,784	135,977	133,522	131,598	129,618	127,866	126,957	124,981	122,920	120,978	106,801	92,066	76,922	63,469	60,895	58,663	55,024	52,370	50,606	48,926	48,769	41,721	40,333	39,422	39,129	45,552	45,596	0	0	0
Depreciation and amortization
500,442	496,843	492,958	492,823	491,804	489,759	487,641	481,020	484,455	493,708	469,415	428,446	377,828	322,958	301,742	297,881	296,535	294,520	292,551	289,675	284,910	301,811	317,916	280,460	243,559	186,979	132,160	130,373	127,889	121,211	116,302	113,375	110,409	110,870	94,975	93,256	90,787	88,651	100,137	97,622	0	0	0
Total property operating expenses
1,117,082	1,109,688	1,278,730	1,273,796	1,267,365	1,084,347	1,250,873	1,068,166	888,317	1,070,439	201,920	288,943	375,834	280,572	709,766	701,112	697,667	695,165	692,089	687,993	680,270	694,140	705,221	622,825	541,778	440,612	345,096	338,905	331,393	315,360	304,281	298,047	292,079	293,447	250,211	245,391	239,574	234,660	271,080	262,606	0	0	0
Utilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	91,397	90,525	89,877	89,769	64,706	55,762	55,725	55,245	88,371	81,003	66,418	51,737	27,919	27,794	27,373	25,941	25,318	25,021	24,616	25,188	21,421	20,966	20,454	20,046	23,999	22,601	0	0	0
Landscaping
-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,441	19,373	19,387	19,458	19,471	19,520	19,873	19,889	19,935	18,827	15,685	13,318	11,531	11,277	10,972	10,447	10,161	10,168	10,209	10,328	8,811	8,712	8,582	8,462	10,018	9,960	0	0	0
Property management expenses
55,812	55,011	52,498	49,995	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,051	36,323	-	32,877	32,305	31,940	31,957	27,466	26,763	25,465	23,899	25,568	23,083	0	0	0
Acquisition expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,195	1,571	-	3,216	2,465	3,120	3,319	2,915	3,312	2,278	2,035	1,481	599	0	0	0
Property management expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,367	22,491	-	21,412	20,856	20,480	20,700	17,907	17,550	16,835	15,968	17,310	17,266	0	0	0
General and administrative expenses
47,048	46,121	43,483	38,378	36,991	34,786	35,182	37,163	37,486	40,194	39,518	37,818	35,298	29,040	26,870	26,089	25,732	25,716	23,947	24,578	23,133	20,909	21,030	18,495	16,672	15,569	14,348	13,899	13,972	13,762	14,096	14,565	16,542	18,123	16,356	15,317	12,988	11,189	12,041	11,770	0	0	0
Merger Related Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Merger and integration related expenses
-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before non-operating items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	145,302	142,874	-	111,661	105,864	97,769	95,217	75,256	71,635	72,724	73,066	89,827	93,179	0	0	0
Interest and other non-property (expense) income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	274	363	-	628	679	681	802	660	737	709	789	779	630	0	0	0
Interest expense
177,629	179,847	180,799	179,871	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,873	61,675	-	55,768	56,421	56,293	57,415	55,385	53,789	53,826	53,803	55,831	56,716	0	0	0
Loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-828	-843	-	-639	-702	-735	-755	0	0	0	-	-	-	-	0	0
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,634	3,700	-	3,252	3,005	2,843	2,902	2,528	2,479	2,420	2,300	2,505	2,418	0	0	0
Asset impairment on discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-	0	-
Net casualty loss after insurance and other settlement proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	456	19	-	44	-220	-487	-619	-662	-304	63	48	127	0	0	0	-
Loss on sale of depreciable real estate assets
80,972	80,988	964	-34	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of non-depreciable real estate assets
2,708	12,047	10,219	12,980	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations available for common unitholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.32	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	1,084	0	0	0	-	-	-	-	0	-
Other non-operating expense (income)
-3,376	25,275	25,328	13,300	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on properties acquired from joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	752	0	0	0	-	-
Income before income tax expense
340,670	368,660	268,080	247,703	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78,745	77,083	-	53,640	47,260	39,182	35,412	19,098	17,427	17,313	18,552	31,225	33,463	0	0	0
Income tax expense
3,722	3,696	3,430	2,509	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before real estate joint venture activity
336,948	364,964	264,650	245,194	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before real estate joint venture activity
336,948	364,964	264,650	245,194	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from real estate joint venture
1,664	1,654	1,612	1,590	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-24	-138	-	-233	-268	-379	-593	-823	-998	-1,118	-1,149	-1,144	-1,018	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78,721	76,945	-	53,407	46,992	38,803	34,819	31,272	29,358	0	-	0	0	-	0	0
Loss from discontinued operations before gain on sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-293	93	-	4,188	4,240	3,588	3,625	2,067	1,347	0	-	0	0	-	0	0
Discontinued Operation, Asset Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-
Net casualty gain after insurance and other settlement proceeds on discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	102	-	38	-61	-59	-12	0	0	0	-	-	-	-	-	-
Gain on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,374	32,206	-	46,346	35,181	22,228	12,799	4,925	0	0	-	-	0	-	0	0
Net income
338,612	366,618	266,262	246,784	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140,902	109,346	-	103,979	86,352	64,560	51,231	27,028	19,550	18,758	19,452	30,588	34,333	0	0	0
Net income attributable to noncontrolling interests
11,813	12,807	9,249	8,609	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,906	5,279	-	3,859	3,307	2,247	2,410	807	371	347	473	1,149	1,495	0	0	0
Net income available for shareholders
326,799	353,811	257,013	238,175	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134,996	104,067	-	100,120	83,045	62,313	48,821	26,221	19,179	18,411	18,979	29,439	32,838	0	0	0
Dividends to MAA Series I preferred shareholders
3,688	3,688	3,688	3,688	0	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred dividend distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,765	12,353	0	0	0
Premiums and original issuance costs associated with the redemption of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-
Net income available for MAA common shareholders
323,111	350,123	253,325	234,487	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134,996	104,067	-	100,120	83,045	62,313	48,821	0	0	0	-	14,525	17,912	0	0	0
Earnings per common share - basic:
Discontinued property operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Income from continuing operations available for common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
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
323,111	350,123	253,325	234,487	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0
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
-	-	-	-	-	-	-	-	1,536,096	-	1,453,447	1,345,795	1,235,240	1,125,348	1,081,488	1,067,329	1,053,984	1,042,779	1,031,164	1,017,206	1,003,620	989,296	872,979	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Revenue, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,017,195	1,003,548	989,127	872,664	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management Fees, Base Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	72	169	315	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses
-	-	-	-	-	-	-	-	1,248,287	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Cost and Expense, Operating
-	-	-	-	-	-	-	-	0	-	0	0	-	34,093	27,466	27,378	27,725	28,276	54,847	63,676	63,300	63,412	39,210	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned Property Management Costs
-	-	-	-	-	-	-	-	-	-	-	-	36,070	-	33,106	32,825	31,501	30,990	31,182	30,984	33,577	32,095	28,989	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Merger and Integration Related Expenses
-	-	-	-	-	-	-	-	17,628	-	53,154	50,057	46,271	40,823	2,789	2,413	3,151	2,777	3,572	2,928	2,716	2,388	971	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before non-operating items
-	-	-	-	-	-	-	-	-	-	302,160	281,279	273,097	-	305,056	304,890	295,933	288,131	279,169	269,040	258,295	228,217	192,821	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger Related Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,901	0	0	0	-50	281	1,076	3,152	8,763	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Integration Related Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	1,402	4,553	8,395	7,175	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	-	-	-	-	-	-	159,072	-	148,534	140,762	134,320	129,947	127,251	127,135	124,624	122,344	121,885	118,084	118,719	119,464	104,013	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other non-property income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	149	-146	-179	-368	-595	-279	591	908	1,160	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on sale of depreciable real estate assets excluded from discontinued operations
-	-	-	-	-	-	-	-	127,459	-	90,870	79,775	79,569	80,397	48,499	55,371	160,485	189,958	190,426	171,837	70,313	42,649	42,254	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-215	-220	-223	-3,602	-3,384	-5,965	-5,962	-2,586	-2,804	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,826	4,095	4,489	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain Loss From Insurance Settlement And Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	726	795	-455	473	440	320	-485	-476	-431	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate assets
-	-	-	-	-	-	-	-	171	-	43	49	544	2,171	2,170	2,170	1,799	172	-13	-13	-207	350	535	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Nonoperating Income (Expense)
-	-	-	-	-	-	-	-	9,301	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
-	-	-	-	-	-	-	-	349,037	-	255,762	225,858	223,602	225,860	229,134	237,547	333,653	352,420	343,154	313,030	199,731	145,109	125,217	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	-2,608	-	-2,410	-2,223	-2,062	-1,699	-1,453	-1,510	-1,451	-1,673	-2,234	-2,165	-2,290	-2,050	-1,458	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before joint venture activity
-	-	-	-	-	-	-	-	346,429	-	253,352	223,635	221,540	224,161	227,681	236,037	332,202	350,747	340,920	310,865	197,441	143,059	123,759	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) from real estate joint ventures
-	-	-	-	-	-	-	-	1,511	-	1,235	900	470	241	30	29	107	-2	-15	3,110	6,052	6,009	6,079	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	347,940	-	254,587	224,535	222,010	224,402	227,711	235,633	331,876	350,745	341,836	315,727	205,240	156,277	165,875	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	313,975	203,493	149,068	129,838	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,836	1,832	1,815	1,872	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from Insurance Settlement and Other, Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net casualty gain (loss) after insurance and other settlement proceeds on discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-87	-87	5,394	34,166	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	12,447	-	10,272	10,650	11,296	12,180	11,888	12,355	17,443	18,458	18,011	16,660	10,859	8,297	8,136	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for shareholders
-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Stock Dividends, Income Statement Impact
-	-	-	-	-	-	-	-	3,688	-	3,073	2,151	1,229	307	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAA common shareholders
-	-	-	-	-	-	-	-	331,805	-	241,242	211,734	209,485	211,915	215,823	223,278	314,433	332,287	323,825	299,067	194,381	147,980	157,739	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	990,573	976,823	963,662	952,196	939,761	925,139	912,335	899,124	794,750	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other property revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	90,915	90,506	90,322	90,583	91,403	92,056	91,213	90,003	77,914	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real Estate Revenue, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,017,195	1,003,548	989,127	872,664	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Management Fees, Base Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	72	169	315	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental and other property revenues
1,657,937	1,641,017	1,622,348	1,603,824	1,586,507	1,571,346	1,555,936	1,543,378	1,536,096	1,528,987	1,453,447	1,345,795	1,235,240	1,125,348	1,081,488	1,067,329	1,053,984	1,042,779	1,031,164	1,017,206	1,003,620	989,296	872,979	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating expense, excluding real estate taxes and insurance
379,028	377,453	383,987	376,648	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Personnel
-	-	-	-	-	-	-	-	-	-	-	-	-	-	103,258	102,530	102,544	103,000	103,124	102,971	102,294	101,550	91,389	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Building repairs and maintenance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,485	29,903	30,001	30,524	29,524	29,432	29,187	29,313	27,538	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate taxes and insurance
237,612	235,392	232,224	230,041	227,821	223,493	219,851	215,411	213,824	212,541	199,334	181,019	161,585	142,784	135,977	133,522	131,598	129,618	127,866	126,957	124,981	122,920	109,619	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
500,442	496,843	492,958	492,823	491,804	489,759	487,641	481,020	484,455	493,708	469,415	428,446	377,828	322,958	301,742	297,881	296,535	294,520	292,551	289,675	284,910	301,811	262,632	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total property operating expenses
1,117,082	1,109,688	1,278,730	1,273,796	1,267,365	1,084,347	1,250,873	1,068,166	888,317	1,070,439	201,920	288,943	375,834	280,572	709,766	701,112	697,667	695,165	692,089	687,993	680,270	694,140	614,219	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses
-	-	-	-	-	-	-	-	1,248,287	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Utilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	91,397	90,525	89,877	89,769	64,706	55,762	55,725	55,245	65,487	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Landscaping
-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,441	19,373	19,387	19,458	19,471	19,520	19,873	19,889	18,344	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property management expenses
55,812	55,011	53,249	50,653	48,595	47,633	45,860	45,302	0	-	0	0	-	34,093	27,466	27,378	27,725	28,276	54,847	63,676	63,300	63,412	39,210	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Acquisition Related Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,789	2,413	3,151	2,777	3,572	2,928	2,716	2,388	971	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned Property Management Costs
-	-	-	-	-	-	-	-	-	-	-	-	36,070	-	33,106	32,825	31,501	30,990	31,182	30,984	33,577	32,095	28,989	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General and administrative expenses
47,048	46,121	43,483	38,378	36,991	34,786	35,182	37,163	37,486	40,194	39,518	37,818	35,298	29,040	26,870	26,089	25,732	25,716	23,947	24,578	23,133	20,909	20,041	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger Related Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,901	0	0	0	-50	281	1,076	3,152	8,763	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger and integration related expenses
-	-	-	2,487	-	9,112	13,995	16,247	17,628	19,990	55,321	51,191	46,984	40,823	0	0	0	-	-	1,402	4,553	8,395	7,175	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before non-operating items
-	-	-	-	-	-	-	-	-	-	302,160	281,279	273,097	-	305,056	304,890	295,933	288,131	279,169	269,040	258,295	228,217	192,821	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and other non-property income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	149	-146	-179	-368	-595	-279	591	908	1,160	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
177,629	179,847	180,603	180,740	178,389	173,594	168,886	164,176	159,072	154,751	148,534	140,762	134,320	129,947	127,251	127,135	124,624	122,344	121,885	118,084	118,719	119,464	104,013	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-215	-220	-223	-3,602	-3,384	-5,965	-5,962	-2,586	-2,804	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,826	4,095	4,489	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain Loss From Insurance Settlement And Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	726	795	-455	473	440	320	-485	-476	-431	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of depreciable real estate assets
80,972	80,988	969	-54	-52	-39	68,320	127,187	127,459	127,386	90,870	79,775	79,569	80,397	48,499	55,371	160,485	189,958	190,426	171,837	70,313	42,649	42,254	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of non-depreciable real estate assets
2,708	12,047	10,219	12,980	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of non-depreciable real estate assets
-	-	-	-	-	-	-	-	171	-	43	49	544	2,171	2,170	2,170	1,799	172	-13	-13	-207	350	535	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-operating expense (income)
-3,376	25,275	24,323	4,637	7,894	5,434	9,385	14,706	9,301	14,353	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income tax expense
340,670	368,660	276,888	249,234	247,041	231,801	296,442	360,788	349,037	341,785	255,762	225,858	223,602	225,860	229,134	237,547	333,653	352,420	343,154	313,030	199,731	145,109	125,217	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
3,722	3,696	3,430	2,509	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before real estate joint venture activity
336,948	364,964	264,650	245,194	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	-2,608	-	-2,410	-2,223	-2,062	-1,699	-1,453	-1,510	-1,451	-1,673	-2,234	-2,165	-2,290	-2,050	-1,458	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations before real estate joint venture activity
336,948	364,964	273,289	246,510	244,429	229,190	293,907	358,228	346,429	339,166	253,352	223,635	221,540	224,161	227,681	236,037	332,202	350,747	340,920	310,865	197,441	143,059	123,759	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from real estate joint venture
1,664	1,654	1,786	1,810	1,731	1,832	1,605	1,538	1,511	1,370	1,235	900	470	241	30	29	107	-2	-15	3,110	6,052	6,009	6,079	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	313,975	203,493	149,068	129,838	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,836	1,832	1,815	1,873	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from Insurance Settlement and Other, Discontinued Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net casualty gain (loss) after insurance and other settlement proceeds on discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-87	-87	5,394	34,184	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
338,612	366,618	275,075	248,320	246,160	231,022	295,512	359,766	347,940	340,536	254,587	224,535	222,010	224,402	227,711	235,633	331,876	350,745	341,836	315,727	205,240	156,277	165,894	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAALP common unitholders
-	-	-	244,632	-	-	-	356,078	344,252	336,848	251,514	222,384	220,781	224,095	227,711	235,633	331,876	350,745	341,836	315,727	205,240	156,277	165,894	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for MAALP common unitholders
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to preferred unitholders
3,688	3,688	3,688	3,688	3,688	3,688	3,688	3,688	3,688	3,688	3,073	2,151	1,229	307	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income available for shareholders
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-