v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Land $ 2,157,019 $ 2,129,401
Buildings and improvements and other 15,052,435 14,852,509
Development and capital improvements in progress 369,883 426,759
Real Estate Investment Property, at Cost 17,579,337 17,408,669
Less: Accumulated depreciation (6,074,082) (5,914,017)
Real Estate Investment Property, Net 11,505,255 11,494,652
Undeveloped land 73,359 73,359
Investment in real estate joint venture 41,578 41,313
Real estate assets, net 11,620,192 11,609,324
Cash and cash equivalents 71,529 60,258
Restricted cash 13,336 13,717
Other assets 262,382 245,683
Assets held for sale 27,063 46,401
Total assets 11,994,502 11,975,383
Liabilities:    
Unsecured notes payable, net 5,296,096 5,044,979
Secured notes payable, net 360,424 360,393
Accrued expenses and other liabilities 629,486 730,366
Total liabilities 6,286,006 6,135,738
Redeemable common stock 18,186 20,402
Shareholders' equity:    
Preferred stock, value, outstanding 9 9
Common stock, value, outstanding [1] 1,161 1,166
Additional paid-in capital 7,331,507 7,401,962
Accumulated distributions in excess of net income (1,787,111) (1,734,986)
Accumulated other comprehensive loss (4,928) (5,300)
Total MAA shareholders' equity 5,540,638 5,662,851
Noncontrolling interests - Operating Partnership units 138,537 141,503
Total Company’s shareholders’ equity 5,679,175 5,804,354
Noncontrolling interests - consolidated real estate entities 11,135 14,889
Operating Partnership capital:    
Limited Partners' Capital Account 358,100  
Accumulated other comprehensive loss (4,928) (5,300)
Noncontrolling interests - consolidated real estate entities 11,135 14,889
Total equity 5,690,310 5,819,243
Total liabilities and equity 11,994,502 11,975,383
Limited Partnership [Member]    
Assets    
Land 2,157,019 2,129,401
Buildings and improvements and other 15,052,435 14,852,509
Development and capital improvements in progress 369,883 426,759
Real Estate Investment Property, at Cost 17,579,337 17,408,669
Less: Accumulated depreciation (6,074,082) (5,914,017)
Real Estate Investment Property, Net 11,505,255 11,494,652
Undeveloped land 73,359 73,359
Investment in real estate joint venture 41,578 41,313
Real estate assets, net 11,620,192 11,609,324
Cash and cash equivalents 71,529 60,258
Restricted cash 13,336 13,717
Other assets 262,382 245,683
Assets held for sale 27,063 46,401
Total assets 11,994,502 11,975,383
Liabilities:    
Unsecured notes payable, net 5,296,096 5,044,979
Secured notes payable, net 360,424 360,393
Accrued expenses and other liabilities 629,486 730,366
Total liabilities 6,286,025 6,135,757
Redeemable common stock 18,186 20,402
Shareholders' equity:    
Accumulated other comprehensive loss (4,994) (5,375)
Total Company’s shareholders’ equity 5,679,156 5,804,335
Noncontrolling interests - consolidated real estate entities 11,135 14,889
Operating Partnership capital:    
Preferred Units, Preferred Partners' Capital Accounts 66,840 66,840
General Partners' Capital Account [2] 5,478,773 5,601,367
Limited Partners' Capital Account [2] 138,537 141,503
Accumulated other comprehensive loss (4,994) (5,375)
Noncontrolling interests - consolidated real estate entities 11,135 14,889
Total equity 5,690,291 5,819,224
Total liabilities and equity 11,994,502 11,975,383
Limited Partnership [Member] | Related Party [Member]    
Liabilities:    
Due to general partner $ 19 $ 19
[1] Number of shares issued and outstanding represents total shares of common stock regardless of classification on the Condensed Consolidated Balance Sheets. The number of shares classified as redeemable common stock on the Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 are 148,923 and 146,875, respectively.
[2] Number of units outstanding represents total OP Units regardless of classification on the Condensed Consolidated Balance Sheets. The number of units classified as redeemable common units on the Condensed Consolidated Balance Sheets as of March 31, 2026 and December 31, 2025 are 148,923 and 146,875, respectively.