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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Rental and other property revenues $ 546,435 $ 535,146 $ 1,090,057 $ 1,064,179
Expenses:        
Operating expenses, excluding real estate taxes and insurance 126,213 116,604 244,412 225,208
Real estate taxes and insurance 79,583 77,729 159,186 151,928
Depreciation and amortization 145,022 138,972 288,042 277,473
Total property operating expenses 350,818 333,305 691,640 654,609
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 0 0 0 (54)
Other non-operating expense (income) 19,244 (16,992) (4,282) (20,459)
Income before income tax expense 105,213 152,136 254,136 292,269
Income tax expense (1,020) (2,861) (2,815) (3,805)
Income from continuing operations before real estate joint venture activity 104,193 149,275 251,321 288,464
Income from real estate joint venture 469 382 951 767
Net income 104,662 149,657 252,272 289,231
Net income attributable to noncontrolling interests 2,709 3,969 6,570 7,633
Net income 101,953 145,688 245,702 281,598
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
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 0.86 $ 1.24 $ 2.09 $ 2.4
Earnings per common share - diluted:        
Net income available for MAA common shareholders $ 0.86 $ 1.24 $ 2.09 $ 2.4
Limited Partnership [Member]        
Revenues:        
Rental and other property revenues $ 546,435 $ 535,146 $ 1,090,057 $ 1,064,179
Expenses:        
Operating expenses, excluding real estate taxes and insurance 126,213 116,604 244,412 225,208
Real estate taxes and insurance 79,583 77,729 159,186 151,928
Depreciation and amortization 145,022 138,972 288,042 277,473
Total property operating expenses 350,818 333,305 691,640 654,609
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 0 0 0 (54)
Other non-operating expense (income) 19,244 (16,992) (4,282) (20,459)
Income before income tax expense 105,213 152,136 254,136 292,269
Income tax expense (1,020) (2,861) (2,815) (3,805)
Income from continuing operations before real estate joint venture activity 104,193 149,275 251,321 288,464
Income from real estate joint venture 469 382 951 767
Net income 104,662 149,657 252,272 289,231
Net income 104,662 149,657 252,272 289,231
Dividends to MAA Series I preferred shareholders 922 922 1,844 1,844
Net income available for MAA common shareholders $ 103,740 $ 148,735 $ 250,428 $ 287,387
Earnings per common share - basic:        
Net income available for MAALP common unitholders $ 0.86 $ 1.24 $ 2.09 $ 2.4
Earnings per common share - diluted:        
Net income available for MAALP common unitholders $ 0.86 $ 1.24 $ 2.09 $ 2.4