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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Rental and other property revenues $ 549,295 $ 543,622
Expenses:    
Operating expenses, excluding real estate taxes and insurance 124,955 118,199
Real estate taxes and insurance 76,398 79,603
Depreciation and amortization 152,350 143,020
Total property operating expenses 353,703 340,822
Property management expenses 20,578 19,995
General and administrative expenses 15,619 17,045
Interest expense 45,161 40,361
(Gain) loss on sale of depreciable real estate assets (71,911) 2
Other non-operating income (834) (23,526)
Income before income tax expense 186,979 148,923
Income tax expense (1,038) (1,795)
Income from continuing operations before real estate joint venture activity 185,941 147,128
Income from real estate joint venture 465 482
Net income 186,406 147,610
Net income attributable to noncontrolling interests 4,733 3,861
Net income 181,673 143,749
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 180,751 $ 142,827
Earnings per common share - basic:    
Net income available for MAA common shareholders $ 1.55 $ 1.22
Earnings per common share - diluted:    
Net income available for MAA common shareholders $ 1.54 $ 1.22
Limited Partnership [Member]    
Revenues:    
Rental and other property revenues $ 549,295 $ 543,622
Expenses:    
Operating expenses, excluding real estate taxes and insurance 124,955 118,199
Real estate taxes and insurance 76,398 79,603
Depreciation and amortization 152,350 143,020
Total property operating expenses 353,703 340,822
Property management expenses 20,578 19,995
General and administrative expenses 15,619 17,045
Interest expense 45,161 40,361
(Gain) loss on sale of depreciable real estate assets (71,911) 2
Other non-operating income (834) (23,526)
Income before income tax expense 186,979 148,923
Income tax expense (1,038) (1,795)
Income from continuing operations before real estate joint venture activity 185,941 147,128
Income from real estate joint venture 465 482
Net income 186,406 147,610
Net income 186,406 147,610
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 185,484 $ 146,688
Earnings per common share - basic:    
Net income available for MAALP common unitholders $ 1.55 $ 1.22
Earnings per common share - diluted:    
Net income available for MAALP common unitholders $ 1.54 $ 1.22