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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Rental and other property revenues $ 535,146 $ 495,040 $ 1,064,179 $ 971,118
Expenses:        
Operating expenses, excluding real estate taxes and insurance 116,604 110,007 225,208 211,124
Real estate taxes and insurance 77,729 71,670 151,928 139,973
Depreciation and amortization 138,972 134,144 277,473 267,882
Total property operating expenses 333,305 315,821 654,609 618,979
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 0 (355) (54) (378)
Other non-operating (income) expense (16,992) 28,325 (20,459) 17,530
Income before income tax (expense) benefit 152,136 213,099 292,269 324,855
Income tax (expense) benefit (2,861) 3,052 (3,805) 4,494
Income from continuing operations before real estate joint venture activity 149,275 216,151 288,464 329,349
Income from real estate joint venture 382 409 767 788
Net income 149,657 216,560 289,231 330,137
Net income (loss) attributable to noncontrolling interests 3,969 5,858 7,633 8,633
Net income available for shareholders 145,688 210,702 281,598 321,504
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
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 1.24 $ 1.82 $ 2.4 $ 2.77
Earnings per common share - diluted:        
Net income available for MAA common shareholders $ 1.24 $ 1.82 $ 2.4 $ 2.76
Limited Partnership [Member]        
Revenues:        
Rental and other property revenues $ 535,146 $ 495,040 $ 1,064,179 $ 971,118
Expenses:        
Operating expenses, excluding real estate taxes and insurance 116,604 110,007 225,208 211,124
Real estate taxes and insurance 77,729 71,670 151,928 139,973
Depreciation and amortization 138,972 134,144 277,473 267,882
Total property operating expenses 333,305 315,821 654,609 618,979
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 0 (355) (54) (378)
Other non-operating (income) expense (16,992) 28,325 (20,459) 17,530
Income before income tax (expense) benefit 152,136 213,099 292,269 324,855
Income tax (expense) benefit (2,861) 3,052 (3,805) 4,494
Income from continuing operations before real estate joint venture activity 149,275 216,151 288,464 329,349
Income from real estate joint venture 382 409 767 788
Net income 149,657 216,560 289,231 330,137
Net income (loss) attributable to noncontrolling interests 0 0 0 (293)
Net income available for shareholders 149,657 216,560 289,231 330,430
Dividends to MAA Series I preferred shareholders 922 922 1,844 1,844
Net income available for MAA common shareholders $ 148,735 $ 215,638 $ 287,387 $ 328,586
Earnings per common share - basic:        
Net income available for MAALP common unitholders $ 1.24 $ 1.82 $ 2.4 $ 2.77
Earnings per common share - diluted:        
Net income available for MAALP common unitholders $ 1.24 $ 1.82 $ 2.4 $ 2.76