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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues:    
Rental and other property revenues $ 476,078 $ 425,005
Expenses:    
Operating expenses, excluding real estate taxes and insurance 101,117 95,961
Real estate taxes and insurance 68,303 66,507
Depreciation and amortization 133,738 131,503
Total property operating expenses 303,158 293,971
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 0
Gain on sale of non-depreciable real estate assets (23) 0
Other non-operating (income) expense (10,795) 15,913
Income before income tax expense 111,756 49,531
Income tax benefit (expense) 1,442 (999)
Income from continuing operations before real estate joint venture activity 113,198 48,532
Income from real estate joint venture 379 332
Net income 113,577 48,864
Net income attributable to noncontrolling interests 2,775 1,671
Net income available for shareholders 110,802 47,193
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 109,880 $ 46,271
Earnings per common share - basic:    
Net income available for MAALP common unitholders $ 0.95 $ 0.40
Earnings per common share - diluted:    
Net income available for MAALP common unitholders $ 0.95 $ 0.40
Limited Partnership [Member]    
Revenues:    
Rental and other property revenues $ 476,078 $ 425,005
Expenses:    
Operating expenses, excluding real estate taxes and insurance 101,117 95,961
Real estate taxes and insurance 68,303 66,507
Depreciation and amortization 133,738 131,503
Total property operating expenses 303,158 293,971
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 0
Gain on sale of non-depreciable real estate assets (23) 0
Other non-operating (income) expense (10,795) 15,913
Income before income tax expense 111,756 49,531
Income tax benefit (expense) 1,442 (999)
Income from continuing operations before real estate joint venture activity 113,198 48,532
Income from real estate joint venture 379 332
Net income 113,577 48,864
Net income attributable to noncontrolling interests (293) 0
Net income available for shareholders 113,870 48,864
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 112,948 $ 47,942
Earnings per common share - basic:    
Net income available for MAALP common unitholders $ 0.95 $ 0.40
Earnings per common share - diluted:    
Net income available for MAALP common unitholders $ 0.95 $ 0.40