Revenues: Rental and other property revenues (USD, thousands)

Expenses: Operating expenses, excluding real estate taxes and insurance (USD, thousands)

Expenses: Real estate taxes and insurance (USD, thousands)

Expenses: Depreciation and amortization (USD, thousands)

Total property operating expenses (USD, thousands)

Property management expenses (USD, thousands)

General and administrative expenses (USD, thousands)

Interest expense (USD, thousands)

(Gain) loss on sale of depreciable real estate assets (USD, thousands)

Gain on sale of non-depreciable real estate assets (USD, thousands)

Other non-operating income (expense) (USD, thousands)

Income before income tax expense (benefit) (USD, thousands)

Income tax expense (benefit) (USD, thousands)

Income from continuing operations before real estate joint venture activity (USD, thousands)

Income from real estate joint venture (USD, thousands)

Net income (USD, thousands)

Net income attributable to noncontrolling interests (USD, thousands)

Net income available for shareholders (USD, thousands)

Dividends to MAA Series I preferred shareholders (USD, thousands)

Net income available for MAA common shareholders (USD, thousands)

Earnings per common share - basic (USD per share)

Earnings per common share - diluted (USD per share)

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Real estate assets: Land (USD, thousands)

Real estate assets: Buildings and improvements and other (USD, thousands)

Real estate assets: Development and capital improvements in progress (USD, thousands)

Real estate assets (USD, thousands)

Real estate assets: Less: Accumulated depreciation (USD, thousands)

Real estate assets: Undeveloped land (USD, thousands)

Real estate assets: Investment in real estate joint venture (USD, thousands)

Real estate assets, net (USD, thousands)

Cash and cash equivalents (USD, thousands)

Restricted cash (USD, thousands)

Other assets (USD, thousands)

Assets held for sale (USD, thousands)

Total assets (USD, thousands)

Liabilities: Unsecured notes payable (USD, thousands)

Liabilities: Secured notes payable (USD, thousands)

Liabilities: Accrued expenses and other liabilities (USD, thousands)

Total liabilities (USD, thousands)

Redeemable common stock (USD, thousands)

Shareholders’ equity: Preferred stock (USD, thousands)

Shareholders’ equity: Common stock (USD, thousands)

Shareholders’ equity: Additional paid-in capital (USD, thousands)

Shareholders’ equity: Accumulated distributions in excess of net income (USD, thousands)

Shareholders’ equity: Accumulated other comprehensive loss (USD, thousands)

Total MAA shareholders’ equity (USD, thousands)

Noncontrolling interests - OP Units (USD, thousands)

Total Company’s shareholders’ equity (USD, thousands)

Noncontrolling interests - consolidated real estate entities (USD, thousands)

Total equity (USD, thousands)

Total liabilities and equity (USD, thousands)

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Net Income (USD, thousands)

Depreciation and Amortization (USD, thousands)

(Gain) loss on Sale of Depreciable Real Estate Assets (USD, thousands)

Loss (Gain) on Embedded Derivative in Preferred Shares (USD, thousands)

Stock Compensation Expense (USD, thousands)

Amortization of Debt Issuance Costs, Discounts and Premiums (USD, thousands)

(Gain) loss on Investments (USD, thousands)

Net Change in Operating Accounts and Other Operating Activities (USD, thousands)

Net Cash Provided by Operating Activities (USD, thousands)

Purchases of Real Estate and Other Assets (USD, thousands)

Capital Improvements and Other (USD, thousands)

Development Costs (USD, thousands)

Distributions from Real Estate Joint Venture (USD, thousands)

Contributions to Affiliates (USD, thousands)

Proceeds from Real Estate Asset Dispositions (USD, thousands)

Net Proceeds from Insurance Recoveries (USD, thousands)

Net Cash Used in Investing Activities (USD, thousands)

Net (Payments of) Proceeds from Commercial Paper (USD, thousands)

Proceeds from Notes Payable (USD, thousands)

Payment of Deferred Financing Costs (USD, thousands)

Distributions to Noncontrolling Interests (USD, thousands)

Dividends Paid on Common Shares (USD, thousands)

Dividends Paid on Preferred Shares (USD, thousands)

Proceeds from Issuances of Common Shares (USD, thousands)

Net Change in Other Financing Activities (USD, thousands)

Net Cash Used in Financing Activities (USD, thousands)

Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (USD, thousands)

Cash, Cash Equivalents and Restricted Cash, Beginning of Period (USD, thousands)

Cash, Cash Equivalents and Restricted Cash, End of Period (USD, thousands)

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Adjustments for Non-Cash Items (USD, thousands)

Stock-Based Compensation (USD, thousands)

Changes in Working Capital (USD, thousands)

Capital Expenditures (CapEx) (USD, thousands)

Proceeds from / Repayments of Debt (USD, thousands)

Share Repurchases (USD, thousands)

Dividend Payments (USD, thousands)

Net Change in Cash (USD, thousands)

6995deb5ac4ea074c9f1ac6f1488aa3260b33ecb893606d1ab72d085e41a2a71

4c6fd15790599a5d188b43c6723224f41613d4bed57a8f494c295a9bd8063b72

c31db2d0586ec7d10a8d3cee7bf19de3a14901f4422f9bf1d516b5b283ba6b13

Number of apartment communities owned and operated (count)

Number of apartment communities that included retail components (count)

Number of development communities under construction (count)

Number of apartment units once complete in these development communities (count)

Number of states in which MAA operates (count)

Number of defined markets in which MAA operates (count)

Number of submarkets in which MAA operates (count)

Average physical occupancy for our Same Store segment (percentage)

Change in average effective rent per unit for our Same Store segment (percentage)

MID AMERICA APARTMENT COMMUNITIES (MAA)

Financials