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  "documentTitle": "Mid-America Apartment Communities | Results Presentation Deck | 37 slides",
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  "authorName": "MAA",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Amounts in thousands, except per share and unit data",
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      "text": "RECONCILIATION OF FFO, CORE FFO, CORE AFFO AND FAD TO NET INCOME AVAILABLE FOR MAA COMMON SHAREHOLDERS",
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      "text": "(1) Included in Other non-operating (income) expense in the Consolidated Statements of Operations.\n(2) For the three and twelve months ended December 31, 2023, gain on investments is presented net of tax expense of $0.8 million and $0.9 million, respectively. For the three and twelve months ended December 31, 2022, loss on\ninvestments is presented net of tax benefit of $1.3 million and $9.5 million, respectively.\n(3) For the three and twelve months ended December 31, 2023, MAA recognized a gain of $1.4 million and $29.0 million, respectively, from the receipt of insurance proceeds that exceeded its casualty losses related to winter storm Uri.\n(4) Included in Interest expense in the Consolidated Statements of Operations.",
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      "text": "Net income available for MAA common shareholders\nDepreciation and amortization of real estate assets\nLoss (gain) on sale of depreciable real estate assets\nMAA's share of depreciation and amortization of real estate assets of real estate joint\nventure\nNet income attributable to noncontrolling interests\nFFO attributable to common shareholders and unitholders\n(Gain) loss on embedded derivative in preferred shares (1)\nGain on sale of non-depreciable real estate assets\n(Gain) loss on investments, net of tax (1),(2)\nCasualty related charges (recoveries), net (1),(3)\n(Gain) loss on debt extinguishment (1)\nLegal (recoveries), costs and settlements, net (1)\nCOVID-19 related costs (1)\nMark-to-market debt adjustment (4)\nCore FFO attributable to common shareholders and unitholders\nRecurring capital expenditures\nCore AFFO attributable to common shareholders and unitholders\nRedevelopment capital expenditures\nRevenue enhancing capital expenditures\nCommercial capital expenditures\nOther capital expenditures\nFAD attributable to common shareholders and unitholders\nDividends and distributions paid\nWeighted average common shares - diluted\nFFO weighted average common shares and units - diluted\nEarnings per common share - diluted:\nNet income available for common shareholders\nFFO per Share - diluted\nCore FFO per Share - diluted\nCore AFFO per Share - diluted",
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      "text": "Reconciliation of Non-GAAP Financial Measures",
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