2022

2021

2020

Revenues:

Same Store

Rental revenues

$

1,912,626

$

1,683,380

$

1,601,812

Other property revenues

12,083

11,854

11,557

Total Same Store revenues

1,924,709

1,695,234

1,613,369

Non-Same Store and Other

Rental revenues

93,512

81,822

64,401

Other property revenues

1,645

1,026

214

Total Non-Same Store and Other revenues

95,157

82,848

64,615

Total rental and other property revenues

$

2,019,866

$

1,778,082

$

1,677,984

Net Operating Income:

Same Store NOI

$

1,242,695

$

1,061,572

$

1,001,919

Non-Same Store and Other NOI

53,477

45,345

35,594

Total NOI

1,296,172

1,106,917

1,037,513

Depreciation and amortization

(542,998

)

(533,433

)

(510,842

)

Property management expenses

(65,463

)

(55,732

)

(52,300

)

General and administrative expenses

(58,833

)

(52,884

)

(46,858

)

Interest expense

(154,747

)

(156,881

)

(167,562

)

Gain on sale of depreciable real estate assets

214,762

220,428

9

Gain on sale of non-depreciable real estate assets

809

811

1,024

Other non-operating (expense) income

(42,713

)

33,902

4,857

Income tax benefit (expense)

6,208

(13,637

)

(3,327

)

Income from real estate joint venture

1,579

1,211

1,501

Net income attributable to noncontrolling interests

(17,340

)

(16,911

)

(9,053

)

Dividends to MAA Series I preferred shareholders

(3,688

)

(3,688

)

(3,688

)

Net income available for MAA common shareholders

$

633,748

$

530,103

$

251,274