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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Rental and other property revenues $ 529,033 $ 476,078
Expenses:    
Operating expenses, excluding real estate taxes and insurance 108,604 101,117
Real estate taxes and insurance 74,199 68,303
Depreciation and amortization 138,501 133,738
Total property operating expenses 321,304 303,158
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 before income tax (expense) benefit 140,133 111,756
Income tax (expense) benefit (944) 1,442
Income from continuing operations before real estate joint venture activity 139,189 113,198
Income from real estate joint venture 385 379
Net income 139,574 113,577
Net income (loss) attributable to noncontrolling interests 3,664 2,775
Net income available for shareholders 135,910 110,802
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 134,988 $ 109,880
Earnings per common share - basic:    
Net income available for MAA common shareholders $ 1.16 $ 0.95
Earnings per common share - diluted:    
Net income available for MAA common shareholders $ 1.16 $ 0.95
Limited Partnership [Member]    
Revenues:    
Rental and other property revenues $ 529,033 $ 476,078
Expenses:    
Operating expenses, excluding real estate taxes and insurance 108,604 101,117
Real estate taxes and insurance 74,199 68,303
Depreciation and amortization 138,501 133,738
Total property operating expenses 321,304 303,158
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 before income tax (expense) benefit 140,133 111,756
Income tax (expense) benefit (944) 1,442
Income from continuing operations before real estate joint venture activity 139,189 113,198
Income from real estate joint venture 385 379
Net income 139,574 113,577
Net income (loss) attributable to noncontrolling interests 0 (293)
Net income available for shareholders 139,574 113,870
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 138,652 $ 112,948
Earnings per common share - basic:    
Net income available for MAALP common unitholders $ 1.16 $ 0.95
Earnings per common share - diluted:    
Net income available for MAALP common unitholders $ 1.16 $ 0.95