Financial Instruments and Derivatives (Tables)

9 Months Ended

Sep. 30, 2025

Effect of Derivative Instruments on Consolidated Statement of Operations

The tables below present the effect of the Company’s derivative financial instruments on the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024 (dollars in thousands):


		Net Loss Reclassified from AOCL into Interest Expense
	Location of Loss Reclassified	Three months ended September 30,
Derivatives in Cash Flow Hedging Relationships	from AOCL into Income	2025			2024
Terminated interest rate swaps	Interest expense	$	(430	)	$	(428	)
		Nine months ended September 30,
		2025			2024
Terminated interest rate swaps	Interest expense	$	(1,288	)	$	(1,448	)


		Gain (Loss) Recognized in Earnings on Derivative
	Location of Gain (Loss) Recognized	Three months ended September 30,
Derivative Not Designated as Hedging Instrument	in Earnings on Derivative	2025		2024
Preferred stock embedded derivative	Other non-operating expense (income)	$	2,009	$	(18,257	)

		Nine months ended September 30,
		2025		2024
Preferred stock embedded derivative	Other non-operating expense (income)	$	3,292	$	(14,451	)

Mid-America Apartments, L.P. 10-Q