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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Rental and other property revenues $ 418,098 $ 401,178
Expenses:    
Operating expense, excluding real estate taxes and insurance 91,368 89,793
Real estate taxes and insurance 61,804 59,584
Depreciation and amortization 126,388 122,789
Total property operating expenses 279,560 272,166
Property management expenses 14,643 13,842
General and administrative expenses 13,264 12,337
Interest expense 43,482 45,700
Loss on sale of depreciable real estate assets 29 13
Loss (gain) on sale of non-depreciable real estate assets 376 (8,963)
Other non-operating expense (income) 28,532 (119)
Income before income tax expense 38,212 66,202
Income tax expense (667) (641)
Income from continuing operations before real estate joint venture activity 37,545 65,561
Income from real estate joint venture 407 397
Net income 37,952 65,958
Net income attributable to noncontrolling interests 1,304 2,298
Net income available for shareholders 36,648 63,660
Dividends to MAA Series I preferred shareholders 922 922
Net income available for MAA common shareholders $ 35,726 $ 62,738
Earnings per common share - basic:    
Net income available for MAA common shareholders $ 0.31 $ 0.55
Earnings per common share - diluted:    
Net income available for MAA common shareholders $ 0.31 $ 0.55
Net income available for MAA common shareholders $ 35,726 $ 62,738
Limited Partner [Member]    
Revenues:    
Rental and other property revenues 418,098 401,178
Expenses:    
Operating expense, excluding real estate taxes and insurance 91,368 89,793
Real estate taxes and insurance 61,804 59,584
Depreciation and amortization 126,388 122,789
Total property operating expenses 279,560 272,166
Property management expenses 14,643 13,842
General and administrative expenses 13,264 12,337
Interest expense 43,482 45,700
Loss on sale of depreciable real estate assets 29 13
Loss (gain) on sale of non-depreciable real estate assets 376 (8,963)
Other non-operating expense (income) 28,532 (119)
Income before income tax expense 38,212 66,202
Income tax expense (667) (641)
Income from continuing operations before real estate joint venture activity 37,545 65,561
Income from real estate joint venture 407 397
Net income 37,952 65,958
Dividends to preferred unitholders 922 922
Net income available for shareholders $ 37,030 $ 65,036
Earnings per common share - basic:    
Net income available for MAA common shareholders $ 0.31 $ 0.55
Net income available for MAALP common unitholders 0.31 0.55
Earnings per common share - diluted:    
Net income available for MAA common shareholders 0.31 0.55
Net income available for MAALP common unitholders $ 0.31 $ 0.55