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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues:      
Rental and other property revenues $ 2,191,015 $ 2,148,468 $ 2,019,866
Expenses:      
Operating expenses, excluding real estate taxes and insurance 502,735 461,540 435,108
Real estate taxes and insurance 317,357 306,601 288,586
Depreciation and amortization 585,616 565,063 542,998
Total property operating expenses 1,405,708 1,333,204 1,266,692
Property management expenses 72,040 67,784 65,463
General and administrative expenses 56,516 58,578 58,833
Interest expense 168,544 149,234 154,747
(Gain) loss on sale of depreciable real estate assets (55,003) 62 (214,762)
Gain on sale of non-depreciable real estate assets 0 (54) (809)
Other non-operating (income) expense (1,655) (31,185) 42,713
Income before income tax (expense) benefit 544,865 570,845 646,989
Income tax (expense) benefit (5,240) (4,744) 6,208
Income from continuing operations before real estate joint venture activity 539,625 566,101 653,197
Income from real estate joint venture 1,951 1,730 1,579
Net income 541,576 567,831 654,776
Net income (loss) attributable to noncontrolling interests 14,033 15,025 17,340
Net income 527,543 552,806 637,436
Dividends to MAA Series I preferred shareholders 3,688 3,688 3,688
Net income available for MAA common shareholders $ 523,855 $ 549,118 $ 633,748
Earnings per common share - basic:      
Net income available for MAA common shareholders $ 4.49 $ 4.71 $ 5.49
Earnings per common share - diluted:      
Net income available for MAA common shareholders $ 4.49 $ 4.71 $ 5.48
Limited Partnership [Member]      
Revenues:      
Rental and other property revenues $ 2,191,015 $ 2,148,468 $ 2,019,866
Expenses:      
Operating expenses, excluding real estate taxes and insurance 502,735 461,540 435,108
Real estate taxes and insurance 317,357 306,601 288,586
Depreciation and amortization 585,616 565,063 542,998
Total property operating expenses 1,405,708 1,333,204 1,266,692
Property management expenses 72,040 67,784 65,463
General and administrative expenses 56,516 58,578 58,833
Interest expense 168,544 149,234 154,747
(Gain) loss on sale of depreciable real estate assets (55,003) 62 (214,762)
Gain on sale of non-depreciable real estate assets 0 (54) (809)
Other non-operating (income) expense (1,655) (31,185) 42,713
Income before income tax (expense) benefit 544,865 570,845 646,989
Income tax (expense) benefit (5,240) (4,744) 6,208
Income from continuing operations before real estate joint venture activity 539,625 566,101 653,197
Income from real estate joint venture 1,951 1,730 1,579
Net income 541,576 567,831 654,776
Net income (loss) attributable to noncontrolling interests 0 62 (293)
Net income 541,576 567,769 655,069
Dividends to MAA Series I preferred shareholders 3,688 3,688 3,688
Net income available for MAA common shareholders $ 537,888 $ 564,081 $ 651,381
Earnings per common share - basic:      
Net income available for MAALP common unitholders $ 4.49 $ 4.71 $ 5.48
Earnings per common share - diluted:      
Net income available for MAALP common unitholders $ 4.49 $ 4.71 $ 5.49