Three months ended September 30,

Nine months ended September 30,

2024

2023

2024

2023

Revenues:

Same Store

Rental revenues

$

520,166

$

520,617

$

1,555,346

$

1,544,581

Other property revenues

3,367

2,893

9,356

9,346

Total Same Store revenues

523,533

523,510

1,564,702

1,553,927

Non-Same Store and Other

Rental revenues

27,213

18,414

74,640

51,943

Other property revenues

380

118

1,841

351

Total Non-Same Store and Other revenues

27,593

18,532

76,481

52,294

Total rental and other property revenues

$

551,126

$

542,042

$

1,641,183

$

1,606,221

Net Operating Income:

Same Store NOI

$

327,267

$

332,973

$

990,130

$

1,001,513

Non-Same Store and Other NOI

12,298

9,846

35,894

28,349

Total NOI

339,565

342,819

1,026,024

1,029,862

Depreciation and amortization

(146,722

)

(146,702

)

(434,764

)

(424,175

)

Property management expenses

(17,265

)

(16,298

)

(54,461

)

(50,317

)

General and administrative expenses

(12,728

)

(13,524

)

(42,444

)

(43,329

)

Interest expense

(42,726

)

(36,651

)

(124,352

)

(110,655

)

Loss on sale of depreciable real estate assets

—

(75

)

(25

)

(61

)

Gain on sale of non-depreciable real estate assets

—

—

—

54

Other non-operating (expense) income

(1,678

)

(16,493

)

2,604

3,966

Income tax (expense) benefit

(670

)

209

(3,485

)

(3,596

)

Income from real estate joint venture

454

447

1,405

1,214

Net income attributable to noncontrolling interests

(3,035

)

(3,000

)

(9,605

)

(10,633

)

Dividends to MAA Series I preferred shareholders

(922

)

(922

)

(2,766

)

(2,766

)

Net income available for MAA common shareholders

$

114,273

$

109,810

$

358,131

$

389,564