MID AMERICA APARTMENT COMMUNITIES INC
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 9, 2024
MAA$118.86-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Equity for the
Consolidated Stat ements of Equity
(Dollars and shares in thousands)
| Mid-America Apartment Communities, Inc. Shareholders · Noncontrolling | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Stock · Common Stock · Additional · AccumulatedDistributions · AccumulatedOther · NoncontrollingInterests - · Interests -Consolidated · Redeemable | |||||||||||
| Shares | Amount | Shares | Amount | Paid-InCapital | in Excess ofNet Income | ComprehensiveLoss | OperatingPartnership | Real EstateEntities | Total Equity | CommonStock | |
| EQUITY BALANCE DECEMBER 31, 2020 | 868 | $9 | 114,252 | $1,141 | $7,176,793 | $(1,294,182) | $(12,128) | $206,927 | $9,848 | $6,088,408 | $15,397 |
| Net income | — | — | — | — | — | 533,791 | — | 16,911 | — | 550,702 | — |
| Other comprehensive income - derivative instruments | — | — | — | — | — | — | 996 | 118 | — | 1,114 | — |
| Issuance and registration of common shares | — | — | 147 | 2 | (431) | — | — | — | — | (429) | 1,657 |
| Shares repurchased and retired | — | — | (64) | — | (9,043) | — | — | — | — | (9,043) | — |
| Exercise of stock options | — | — | 19 | — | 1,478 | — | — | — | — | 1,478 | — |
| Shares issued in exchange for common units | — | — | 851 | 8 | 43,284 | — | — | (43,292) | — | — | — |
| Redeemable stock fair market value adjustment | — | — | — | — | — | (13,131) | — | — | — | (13,131) | 13,131 |
| Adjustment for noncontrolling interests in Operating Partnership | — | — | — | — | 723 | — | — | (723) | — | — | — |
| Amortization of unearned compensation | — | — | — | — | 18,152 | — | — | — | — | 18,152 | — |
| Dividends on preferred stock | — | — | — | — | — | (3,688) | — | — | — | (3,688) | — |
| Dividends on common stock ($4.1625 per share) | — | — | — | — | — | (478,597) | — | — | — | (478,597) | — |
| Distributions on noncontrolling interests units ($4.1625 per unit) | — | — | — | — | — | — | — | (14,825) | — | (14,825) | — |
| Contributions from noncontrolling interest | — | — | — | — | — | — | — | — | 13,766 | 13,766 | — |
| EQUITY BALANCE DECEMBER 31, 2021 | 868 | $9 | 115,205 | $1,151 | $7,230,956 | $(1,255,807) | $(11,132) | $165,116 | $23,614 | $6,153,907 | $30,185 |
| Net income (loss) | — | — | — | — | — | 637,436 | — | 17,633 | (293) | 654,776 | — |
| Other comprehensive income - derivative instruments | — | — | — | — | — | — | 1,080 | 34 | — | 1,114 | — |
| Issuance and registration of common shares | — | — | 169 | 1 | (124) | — | — | — | — | (123) | 1,687 |
| Shares repurchased and retired | — | — | (71) | — | (14,043) | — | — | — | — | (14,043) | — |
| Exercise of stock options | — | — | — | — | 28 | — | — | — | — | 28 | — |
| Shares issued in exchange for common units | — | — | 41 | — | 2,118 | — | — | (2,118) | — | — | — |
| Shares reclassified to liabilities | — | — | — | — | — | — | — | — | — | — | (2,148) |
| Redeemable stock fair market value adjustment | — | — | — | — | — | 9,053 | — | — | — | 9,053 | (9,053) |
| Adjustment for noncontrolling interests in Operating Partnership | — | — | — | — | 1,199 | — | — | (1,199) | — | — | — |
| Amortization of unearned compensation | — | — | — | — | 20,143 | — | — | — | — | 20,143 | — |
| Dividends on preferred stock | — | — | — | — | — | (3,688) | — | — | — | (3,688) | — |
| Dividends on common stock ($4.9875 per share) | — | — | — | — | — | (575,848) | — | — | — | (575,848) | — |
| Distributions on noncontrolling interests units ($4.9875 per unit) | — | — | — | — | — | — | — | (15,871) | — | (15,871) | — |
| Acquisition of noncontrolling interest | — | — | — | — | (37,443) | — | — | — | (5,627) | (43,070) | — |
| Contributions from noncontrolling interest | — | — | — | — | — | — | — | — | 3,370 | 3,370 | — |
| EQUITY BALANCE DECEMBER 31, 2022 | 868 | $9 | 115,344 | $1,152 | $7,202,834 | $(1,188,854) | $(10,052) | $163,595 | $21,064 | $6,189,748 | $20,671 |
| Net income | — | — | — | — | — | 552,806 | — | 14,963 | 62 | 567,831 | — |
| Other comprehensive income - derivative instruments | — | — | — | — | — | — | 1,288 | 38 | — | 1,326 | — |
| Issuance and registration of common shares | — | — | 1,244 | 12 | 203,333 | — | — | — | — | 203,345 | 2,135 |
| Shares repurchased and retired | — | — | (57) | — | (7,870) | — | — | — | — | (7,870) | — |
| Shares issued in exchange for common units | — | — | 21 | — | 1,092 | — | — | (1,092) | — | — | — |
| Shares issued in exchange for redeemable stock | — | — | — | 4 | 577 | — | — | — | — | 581 | (581) |
| Redeemable stock fair market value adjustment | — | — | — | — | — | 3,058 | — | — | — | 3,058 | (3,058) |
| Adjustment for noncontrolling interests in Operating Partnership | — | — | — | — | (3,486) | — | — | 3,486 | — | — | — |
| Amortization of unearned compensation | — | — | — | — | 18,198 | — | — | — | — | 18,198 | — |
| Dividends on preferred stock | — | — | — | — | — | (3,688) | — | — | — | (3,688) | — |
| Dividends on common stock ($5.6700 per share) | — | — | — | — | — | (661,585) | — | — | — | (661,585) | — |
| Distributions on noncontrolling interests units ($5.6700 per unit) | — | — | — | — | — | — | — | (17,862) | — | (17,862) | — |
| Acquisition of noncontrolling interest | — | — | — | — | (14,757) | — | — | — | (1,000) | (15,757) | — |
| Contributions from noncontrolling interest | — | — | — | — | — | — | — | — | 2,630 | 2,630 | — |
| EQUITY BALANCE DECEMBER 31, 2023 | 868 | $9 | 116,552 | $1,168 | $7,399,921 | $(1,298,263) | $(8,764) | $163,128 | $22,756 | $6,279,955 | $19,167 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.