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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Rental and other property revenues $ 543,622 $ 529,033
Expenses:    
Operating expenses, excluding real estate taxes and insurance 118,199 108,604
Real estate taxes and insurance 79,603 74,199
Depreciation and amortization 143,020 138,501
Total property operating expenses 340,822 321,304
Property management expenses 19,995 17,928
General and administrative expenses 17,045 15,923
Interest expense 40,361 37,281
Loss (gain) on sale of depreciable real estate assets 2 (15)
Gain on sale of non-depreciable real estate assets 0 (54)
Other non-operating income (23,526) (3,467)
Income before income tax expense 148,923 140,133
Income tax expense (1,795) (944)
Income from continuing operations before real estate joint venture activity 147,128 139,189
Income from real estate joint venture 482 385
Net income 147,610 139,574
Net income attributable to noncontrolling interests 3,861 3,664
Net income 143,749 135,910
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 142,827 $ 134,988
Earnings per common share - basic:    
Net income available for MAA common shareholders $ 1.22 $ 1.16
Earnings per common share - diluted:    
Net income available for MAA common shareholders $ 1.22 $ 1.16
Limited Partnership [Member]    
Revenues:    
Rental and other property revenues $ 543,622 $ 529,033
Expenses:    
Operating expenses, excluding real estate taxes and insurance 118,199 108,604
Real estate taxes and insurance 79,603 74,199
Depreciation and amortization 143,020 138,501
Total property operating expenses 340,822 321,304
Property management expenses 19,995 17,928
General and administrative expenses 17,045 15,923
Interest expense 40,361 37,281
Loss (gain) on sale of depreciable real estate assets 2 (15)
Gain on sale of non-depreciable real estate assets 0 (54)
Other non-operating income (23,526) (3,467)
Income before income tax expense 148,923 140,133
Income tax expense (1,795) (944)
Income from continuing operations before real estate joint venture activity 147,128 139,189
Income from real estate joint venture 482 385
Net income 147,610 139,574
Net income 147,610 139,574
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 146,688 $ 138,652
Earnings per common share - basic:    
Net income available for MAALP common unitholders $ 1.22 $ 1.16
Earnings per common share - diluted:    
Net income available for MAALP common unitholders $ 1.22 $ 1.16