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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Rental and other property revenues $ 520,783 $ 452,575 $ 1,491,901 $ 1,314,507
Expenses:        
Operating expenses, excluding real estate taxes and insurance 117,390 106,412 328,514 304,124
Real estate taxes and insurance 74,033 66,426 214,006 199,943
Depreciation and amortization 136,879 134,611 404,761 397,938
Total property operating expenses 328,302 307,449 947,281 902,005
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 before income tax benefit (expense) 124,106 89,592 448,961 364,718
Income tax benefit (expense) 1,256 (2,803) 5,750 (5,847)
Income from continuing operations before real estate joint venture activity 125,362 86,789 454,711 358,871
Income from real estate joint venture 341 258 1,129 915
Net income 125,703 87,047 455,840 359,786
Net income (loss) attributable to noncontrolling interests 3,392 2,568 12,025 11,636
Net income available for shareholders 122,311 84,479 443,815 348,150
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
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 1.05 $ 0.73 $ 3.82 $ 3.01
Earnings per common share - diluted:        
Net income available for MAA common shareholders $ 1.05 $ 0.73 $ 3.82 $ 3.01
Limited Partnership [Member]        
Revenues:        
Rental and other property revenues $ 520,783 $ 452,575 $ 1,491,901 $ 1,314,507
Expenses:        
Operating expenses, excluding real estate taxes and insurance 117,390 106,412 328,514 304,124
Real estate taxes and insurance 74,033 66,426 214,006 199,943
Depreciation and amortization 136,879 134,611 404,761 397,938
Total property operating expenses 328,302 307,449 947,281 902,005
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 before income tax benefit (expense) 124,106 89,592 448,961 364,718
Income tax benefit (expense) 1,256 (2,803) 5,750 (5,847)
Income from continuing operations before real estate joint venture activity 125,362 86,789 454,711 358,871
Income from real estate joint venture 341 258 1,129 915
Net income 125,703 87,047 455,840 359,786
Net income (loss) attributable to noncontrolling interests 0 0 (293) 0
Net income available for shareholders 125,703 87,047 456,133 359,786
Dividends to MAA Series I preferred shareholders 922 922 2,766 2,766
Net income available for MAA common shareholders $ 124,781 $ 86,125 $ 453,367 $ 357,020
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 1.05 $ 0.73 $ 3.82 $ 3.01
Net income available for MAALP common unitholders 1.05 0.73 3.82 3.01
Earnings per common share - diluted:        
Net income available for MAA common shareholders 1.05 0.73 3.82 3.01
Net income available for MAALP common unitholders $ 1.05 $ 0.73 $ 3.82 $ 3.01