2023

2022

2021

Revenues:

Same Store

Rental revenues

$

2,013,283

$

1,895,071

$

1,683,380

Other property revenues

11,468

11,932

11,854

Total Same Store revenues

2,024,751

1,907,003

1,695,234

Non-Same Store and Other

Rental revenues

122,935

111,067

81,822

Other property revenues

782

1,796

1,026

Total Non-Same Store and Other revenues

123,717

112,863

82,848

Total rental and other property revenues

$

2,148,468

$

2,019,866

$

1,778,082

Net Operating Income:

Same Store NOI

$

1,306,939

$

1,232,893

$

1,061,572

Non-Same Store and Other NOI

73,388

63,279

45,345

Total NOI

1,380,327

1,296,172

1,106,917

Depreciation and amortization

(565,063

)

(542,998

)

(533,433

)

Property management expenses

(67,784

)

(65,463

)

(55,732

)

General and administrative expenses

(58,578

)

(58,833

)

(52,884

)

Interest expense

(149,234

)

(154,747

)

(156,881

)

(Loss) gain on sale of depreciable real estate assets

(62

)

214,762

220,428

Gain on sale of non-depreciable real estate assets

54

809

811

Other non-operating income (expense)

31,185

(42,713

)

33,902

Income tax (expense) benefit

(4,744

)

6,208

(13,637

)

Income from real estate joint venture

1,730

1,579

1,211

Net income attributable to noncontrolling interests

(15,025

)

(17,340

)

(16,911

)

Dividends to MAA Series I preferred shareholders

(3,688

)

(3,688

)

(3,688

)

Net income available for MAA common shareholders

$

549,118

$

633,748

$

530,103