Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Notes To Financial Statements [Abstract]

Revenues and NOI for Reportable Segment

Revenues and NOI for each reportable segment for the three months ended March 31, 2022 and 2021 were as follows (in thousands):

	Three months ended March 31,
	2022			2021
Revenues:
Same Store
Rental revenues	$	451,716		$	402,194
Other property revenues		2,761			2,952
Total Same Store revenues		454,477			405,146
Non-Same Store and Other
Rental revenues		21,399			19,587
Other property revenues		202			272
Total Non-Same Store and Other revenues		21,601			19,859
Total rental and other property revenues	$	476,078		$	425,005
Net Operating Income:
Same Store NOI	$	294,642		$	251,940
Non-Same Store and Other NOI		12,016			10,597
Total NOI		306,658			262,537
Depreciation and amortization		(133,738	)		(131,503	)
Property management expenses		(16,537	)		(12,939	)
General and administrative expenses		(16,323	)		(12,979	)
Interest expense		(39,121	)		(39,672	)
Loss on sale of depreciable real estate assets		(1	)		—
Gain on sale of non-depreciable real estate assets		23			—
Other non-operating income (expense)		10,795			(15,913	)
Income tax benefit (expense)		1,442			(999	)
Income from real estate joint venture		379			332
Net income attributable to noncontrolling interests		(2,775	)		(1,671	)
Dividends to MAA Series I preferred shareholders		(922	)		(922	)
Net income available for MAA common shareholders	$	109,880		$	46,271

Assets for Reportable Segment

Assets for each reportable segment as of March 31, 2022 and December 31, 2021 were as follows (in thousands):

	March 31, 2022		December 31, 2021
Assets:
Same Store	$	9,842,471	$	9,907,740
Non-Same Store and Other		1,138,477		1,106,039
Corporate assets		218,127		271,403
Total assets	$	11,199,075	$	11,285,182