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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Rental and other property revenues $ 495,040 $ 436,927 $ 971,118 $ 861,932
Expenses:        
Operating expenses, excluding real estate taxes and insurance 110,007 101,751 211,124 197,712
Real estate taxes and insurance 71,670 67,010 139,973 133,517
Depreciation and amortization 134,144 131,824 267,882 263,327
Total property operating expenses 315,821 300,585 618,979 594,556
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 before income tax benefit (expense) 213,099 225,595 324,855 275,126
Income tax benefit (expense) 3,052 (2,045) 4,494 (3,044)
Income from continuing operations before real estate joint venture activity 216,151 223,550 329,349 272,082
Income from real estate joint venture 409 325 788 657
Net income 216,560 223,875 330,137 272,739
Net income attributable to noncontrolling interests 5,858 7,397 8,633 9,068
Net income available for shareholders 210,702 216,478 321,504 263,671
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
Earnings per common share - basic:        
Net income available for MAALP common unitholders $ 1.82 $ 1.88 $ 2.77 $ 2.29
Earnings per common share - diluted:        
Net income available for MAALP common unitholders $ 1.82 $ 1.88 $ 2.76 $ 2.28
Limited Partnership [Member]        
Revenues:        
Rental and other property revenues $ 495,040 $ 436,927 $ 971,118 $ 861,932
Expenses:        
Operating expenses, excluding real estate taxes and insurance 110,007 101,751 211,124 197,712
Real estate taxes and insurance 71,670 67,010 139,973 133,517
Depreciation and amortization 134,144 131,824 267,882 263,327
Total property operating expenses 315,821 300,585 618,979 594,556
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 before income tax benefit (expense) 213,099 225,595 324,855 275,126
Income tax benefit (expense) 3,052 (2,045) 4,494 (3,044)
Income from continuing operations before real estate joint venture activity 216,151 223,550 329,349 272,082
Income from real estate joint venture 409 325 788 657
Net income 216,560 223,875 330,137 272,739
Net income attributable to noncontrolling interests 0 0 (293) 0
Net income available for shareholders 216,560 223,875 330,430 272,739
Dividends to MAA Series I preferred shareholders 922 922 1,844 1,844
Net income available for MAA common shareholders $ 215,638 $ 222,953 $ 328,586 $ 270,895
Earnings per common share - basic:        
Net income available for MAALP common unitholders $ 1.82 $ 1.88 $ 2.77 $ 2.29
Earnings per common share - diluted:        
Net income available for MAALP common unitholders $ 1.82 $ 1.88 $ 2.76 $ 2.28