Three months ended June 30,

Six months ended June 30,

2023

2022

2023

2022

Revenues:

Same Store

Rental revenues

$

501,963

$

464,117

$

999,213

$

911,716

Other property revenues

3,542

3,688

6,302

6,412

Total Same Store revenues

505,505

467,805

1,005,515

918,128

Non-Same Store and Other

Rental revenues

29,437

27,015

58,280

52,531

Other property revenues

204

220

384

459

Total Non-Same Store and Other revenues

29,641

27,235

58,664

52,990

Total rental and other property revenues

$

535,146

$

495,040

$

1,064,179

$

971,118

Net Operating Income:

Same Store NOI

$

323,435

$

297,888

$

652,375

$

590,324

Non-Same Store and Other NOI

17,378

15,475

34,668

29,697

Total NOI

340,813

313,363

687,043

620,021

Depreciation and amortization

(138,972

)

(134,144

)

(277,473

)

(267,882

)

Property management expenses

(16,091

)

(15,630

)

(34,019

)

(32,167

)

General and administrative expenses

(13,882

)

(15,580

)

(29,805

)

(31,903

)

Interest expense

(36,723

)

(38,905

)

(74,004

)

(78,026

)

(Loss) gain on sale of depreciable real estate assets

(1

)

131,965

14

131,964

Gain on sale of non-depreciable real estate assets

—

355

54

378

Other non-operating income (expense)

16,992

(28,325

)

20,459

(17,530

)

Income tax (expense) benefit

(2,861

)

3,052

(3,805

)

4,494

Income from real estate joint venture

382

409

767

788

Net income attributable to noncontrolling interests

(3,969

)

(5,858

)

(7,633

)

(8,633

)

Dividends to MAA Series I preferred shareholders

(922

)

(922

)

(1,844

)

(1,844

)

Net income available for MAA common shareholders

$

144,766

$

209,780

$

279,754

$

319,660