Three months ended September 30,

Nine months ended September 30,

2022

2021

2022

2021

Revenues:

Same Store

Rental revenues

$

492,215

$

429,267

$

1,412,358

$

1,243,540

Other property revenues

3,162

2,939

9,656

9,215

Total Same Store revenues

495,377

432,206

1,422,014

1,252,755

Non-Same Store and Other

Rental revenues

24,278

20,210

68,382

60,885

Other property revenues

1,128

159

1,505

867

Total Non-Same Store and Other revenues

25,406

20,369

69,887

61,752

Total rental and other property revenues

$

520,783

$

452,575

$

1,491,901

$

1,314,507

Net Operating Income:

Same Store NOI

$

315,616

$

268,882

$

910,496

$

777,147

Non-Same Store and Other NOI

13,744

10,855

38,885

33,293

Total NOI

329,360

279,737

949,381

810,440

Depreciation and amortization

(136,879

)

(134,611

)

(404,761

)

(397,938

)

Property management expenses

(16,262

)

(13,831

)

(48,429

)

(40,522

)

General and administrative expenses

(12,188

)

(12,670

)

(44,091

)

(38,763

)

Interest expense

(38,637

)

(39,234

)

(116,663

)

(117,773

)

(Loss) gain on sale of depreciable real estate assets

(1

)

(313

)

131,963

134,515

Gain on sale of non-depreciable real estate assets

431

170

809

202

Other non-operating (expense) income

(1,718

)

10,344

(19,248

)

14,557

Income tax benefit (expense)

1,256

(2,803

)

5,750

(5,847

)

Income from real estate joint venture

341

258

1,129

915

Net income attributable to noncontrolling interests

(3,392

)

(2,568

)

(12,025

)

(11,636

)

Dividends to MAA Series I preferred shareholders

(922

)

(922

)

(2,766

)

(2,766

)

Net income available for MAA common shareholders

$

121,389

$

83,557

$

441,049

$

345,384