Three months ended June 30,

Six months ended June 30,

2022

2021

2022

2021

Revenues:

Same Store

Rental revenues

$

468,427

$

412,079

$

920,143

$

814,273

Other property revenues

3,733

3,324

6,494

6,276

Total Same Store revenues

472,160

415,403

926,637

820,549

Non-Same Store and Other

Rental revenues

22,705

21,088

44,104

40,675

Other property revenues

175

436

377

708

Total Non-Same Store and Other revenues

22,880

21,524

44,481

41,383

Total rental and other property revenues

$

495,040

$

436,927

$

971,118

$

861,932

Net Operating Income:

Same Store NOI

$

300,238

$

256,325

$

594,880

$

508,265

Non-Same Store and Other NOI

13,125

11,841

25,141

22,438

Total NOI

313,363

268,166

620,021

530,703

Depreciation and amortization

(134,144

)

(131,824

)

(267,882

)

(263,327

)

Property management expenses

(15,630

)

(13,752

)

(32,167

)

(26,691

)

General and administrative expenses

(15,580

)

(13,114

)

(31,903

)

(26,093

)

Interest expense

(38,905

)

(38,867

)

(78,026

)

(78,539

)

Gain on sale of depreciable real estate assets

131,965

134,828

131,964

134,828

Gain on sale of non-depreciable real estate assets

355

32

378

32

Other non-operating (expense) income

(28,325

)

20,126

(17,530

)

4,213

Income tax benefit (expense)

3,052

(2,045

)

4,494

(3,044

)

Income from real estate joint venture

409

325

788

657

Net income attributable to noncontrolling interests

(5,858

)

(7,397

)

(8,633

)

(9,068

)

Dividends to MAA Series I preferred shareholders

(922

)

(922

)

(1,844

)

(1,844

)

Net income available for MAA common shareholders

$

209,780

$

215,556

$

319,660

$

261,827