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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental and other property revenues $ 415,632 $ 397,108 $ 1,224,200 $ 1,173,198
Expenses:        
Operating expense, excluding real estate taxes and insurance 100,319 97,703 286,284 279,831
Real estate taxes and insurance 59,220 57,037 176,774 168,043
Depreciation and amortization 124,684 124,549 371,417 368,218
Total property operating expenses 284,223 279,289 834,475 816,092
Property management expenses 13,899 11,303 41,195 35,579
General and administrative expenses 11,485 6,380 35,236 25,723
Merger and integration related expenses   1,878   8,503
Interest expense 44,513 44,650 136,149 129,140
(Gain) loss on sale of depreciable real estate assets (1,000) 23 (987) 21
Gain on sale of non-depreciable real estate assets   (959) (9,260) (3,870)
Other non-operating income (20,060) (374) (25,770) (6,065)
Income before income tax expense 82,572 54,918 213,162 168,075
Income tax expense (1,491) (616) (2,814) (1,826)
Income from continuing operations before real estate joint venture activity 81,081 54,302 210,348 166,249
Income from real estate joint venture 378 402 1,210 1,256
Net income 81,459 54,704 211,558 167,505
Net income attributable to noncontrolling interests 2,814 1,913 7,336 5,888
Net income available for shareholders 78,645 52,791 204,222 161,617
Dividends to MAA Series I preferred shareholders 922 922 2,766 2,766
Net income available for MAA common shareholders $ 77,723 $ 51,869 $ 201,456 $ 158,851
Earnings per common share - basic:        
Net income available for common shareholders $ 0.68 $ 0.46 $ 1.77 $ 1.40
Earnings per common share - diluted:        
Net income available for common shareholders $ 0.68 $ 0.46 $ 1.77 $ 1.40
Limited Partner [Member]        
Revenues:        
Rental and other property revenues $ 415,632 $ 397,108 $ 1,224,200 $ 1,173,198
Expenses:        
Operating expense, excluding real estate taxes and insurance 100,319 97,703 286,284 279,831
Real estate taxes and insurance 59,220 57,037 176,774 168,043
Depreciation and amortization 124,684 124,549 371,417 368,218
Total property operating expenses 284,223 279,289 834,475 816,092
Property management expenses 13,899 11,303 41,195 35,579
General and administrative expenses 11,485 6,380 35,236 25,723
Merger and integration related expenses   1,878   8,503
Interest expense 44,513 44,650 136,149 129,140
(Gain) loss on sale of depreciable real estate assets (1,000) 23 (987) 21
Gain on sale of non-depreciable real estate assets   (959) (9,260) (3,870)
Other non-operating income (20,060) (374) (25,770) (6,065)
Income before income tax expense 82,572 54,918 213,162 168,075
Income tax expense (1,491) (616) (2,814) (1,826)
Income from continuing operations before real estate joint venture activity 81,081 54,302 210,348 166,249
Income from real estate joint venture 378 402 1,210 1,256
Net income 81,459 54,704 211,558 167,505
Dividends to preferred unitholders 922 922 2,766 2,766
Net income available for shareholders $ 80,537 $ 53,782 $ 208,792 $ 164,739
Earnings per common share - basic:        
Net income available for common shareholders $ 0.68 $ 0.46 $ 1.77 $ 1.40
Net income available for common shareholders 0.68 0.46 1.77 1.40
Earnings per common share - diluted:        
Net income available for common shareholders 0.68 0.46 1.77 1.40
Net income available for common shareholders $ 0.68 $ 0.46 $ 1.77 $ 1.40