Segment Information (Tables)

3 Months Ended

Mar. 31, 2023

Notes To Financial Statements [Abstract]

Revenues and NOI for Reportable Segment

Revenues and NOI for each reportable segment for the three months ended March 31, 2023 and 2022 were as follows (in thousands):

	Three months ended March 31,
	2023			2022
Revenues:
Same Store
Rental revenues	$	497,250		$	447,599
Other property revenues		2,760			2,724
Total Same Store revenues		500,010			450,323
Non-Same Store and Other
Rental revenues		28,843			25,516
Other property revenues		180			239
Total Non-Same Store and Other revenues		29,023			25,755
Total rental and other property revenues	$	529,033		$	476,078
Net Operating Income:
Same Store NOI	$	328,940		$	292,436
Non-Same Store and Other NOI		17,290			14,222
Total NOI		346,230			306,658
Depreciation and amortization		(138,501	)		(133,738	)
Property management expenses		(17,928	)		(16,537	)
General and administrative expenses		(15,923	)		(16,323	)
Interest expense		(37,281	)		(39,121	)
Gain (loss) on sale of depreciable real estate assets		15			(1	)
Gain on sale of non-depreciable real estate assets		54			23
Other non-operating income		3,467			10,795
Income tax (expense) benefit		(944	)		1,442
Income from real estate joint venture		385			379
Net income attributable to noncontrolling interests		(3,664	)		(2,775	)
Dividends to MAA Series I preferred shareholders		(922	)		(922	)
Net income available for MAA common shareholders	$	134,988		$	109,880

Assets for Reportable Segment

Assets for each reportable segment as of March 31, 2023 and December 31, 2022 were as follows (in thousands):

	March 31, 2023		December 31, 2022
Assets:
Same Store	$	9,650,594	$	9,697,889
Non-Same Store and Other		1,422,046		1,370,721
Corporate		279,671		172,555
Total assets	$	11,352,311	$	11,241,165