Three months ended June 30,

Six months ended June 30,

2024

2023

2024

2023

Revenues:

Same Store

Rental revenues

$

518,235

$

514,364

$

1,035,180

$

1,023,964

Other property revenues

3,305

3,622

5,989

6,453

Total Same Store revenues

521,540

517,986

1,041,169

1,030,417

Non-Same Store and Other

Rental revenues

24,555

17,037

47,427

33,529

Other property revenues

340

123

1,461

233

Total Non-Same Store and Other revenues

24,895

17,160

48,888

33,762

Total rental and other property revenues

$

546,435

$

535,146

$

1,090,057

$

1,064,179

Net Operating Income:

Same Store NOI

$

328,280

$

331,611

$

662,863

$

668,540

Non-Same Store and Other NOI

12,359

9,202

23,596

18,503

Total NOI

340,639

340,813

686,459

687,043

Depreciation and amortization

(145,022

)

(138,972

)

(288,042

)

(277,473

)

Property management expenses

(17,201

)

(16,091

)

(37,196

)

(34,019

)

General and administrative expenses

(12,671

)

(13,882

)

(29,716

)

(29,805

)

Interest expense

(41,265

)

(36,723

)

(81,626

)

(74,004

)

(Loss) gain on sale of depreciable real estate assets

(23

)

(1

)

(25

)

14

Gain on sale of non-depreciable real estate assets

—

—

—

54

Other non-operating (expense) income

(19,244

)

16,992

4,282

20,459

Income tax expense

(1,020

)

(2,861

)

(2,815

)

(3,805

)

Income from real estate joint venture

469

382

951

767

Net income attributable to noncontrolling interests

(2,709

)

(3,969

)

(6,570

)

(7,633

)

Dividends to MAA Series I preferred shareholders

(922

)

(922

)

(1,844

)

(1,844

)

Net income available for MAA common shareholders

$

101,031

$

144,766

$

243,858

$

279,754