Three months ended September 30,

Nine months ended September 30,

2023

2022

2023

2022

Revenues:

Same Store

Rental revenues

$

508,046

$

487,729

$

1,507,259

$

1,399,445

Other property revenues

2,833

3,122

9,135

9,534

Total Same Store revenues

510,879

490,851

1,516,394

1,408,979

Non-Same Store and Other

Rental revenues

30,985

28,764

89,265

81,295

Other property revenues

178

1,168

562

1,627

Total Non-Same Store and Other revenues

31,163

29,932

89,827

82,922

Total rental and other property revenues

$

542,042

$

520,783

$

1,606,221

$

1,491,901

Net Operating Income:

Same Store NOI

$

324,745

313,111

$

977,120

$

903,435

Non-Same Store and Other NOI

18,074

16,249

52,742

45,946

Total NOI

342,819

329,360

1,029,862

949,381

Depreciation and amortization

(146,702

)

(136,879

)

(424,175

)

(404,761

)

Property management expenses

(16,298

)

(16,262

)

(50,317

)

(48,429

)

General and administrative expenses

(13,524

)

(12,188

)

(43,329

)

(44,091

)

Interest expense

(36,651

)

(38,637

)

(110,655

)

(116,663

)

(Loss) gain on sale of depreciable real estate assets

(75

)

(1

)

(61

)

131,963

Gain on sale of non-depreciable real estate assets

—

431

54

809

Other non-operating (expense) income

(16,493

)

(1,718

)

3,966

(19,248

)

Income tax benefit (expense)

209

1,256

(3,596

)

5,750

Income from real estate joint venture

447

341

1,214

1,129

Net income attributable to noncontrolling interests

(3,000

)

(3,392

)

(10,633

)

(12,025

)

Dividends to MAA Series I preferred shareholders

(922

)

(922

)

(2,766

)

(2,766

)

Net income available for MAA common shareholders

$

109,810

$

121,389

$

389,564

$

441,049