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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental and other property revenues $ 413,026 $ 407,390 $ 831,124 $ 808,568
Expenses:        
Operating expenses, excluding real estate taxes and insurance 95,555 96,172 186,923 185,965
Real estate taxes and insurance 61,916 57,970 123,720 117,554
Depreciation and amortization 127,190 123,944 253,578 246,733
Total property operating expenses 284,661 278,086 564,221 550,252
Property management expenses 11,730 13,454 26,373 27,296
General and administrative expenses 10,557 10,398 23,821 22,735
Interest expense 42,118 45,936 85,600 91,636
(Gain) loss on sale of depreciable real estate assets (2)   27 13
(Gain) loss on sale of non-depreciable real estate assets (5) (297) 371 (9,260)
Other non-operating (income) expense (14,643) (4,575) 13,889 (4,694)
Income before income tax expense 78,610 64,388 116,822 130,590
Income tax expense (1,200) (682) (1,867) (1,323)
Income from continuing operations before real estate joint venture activity 77,410 63,706 114,955 129,267
Income from real estate joint venture 318 435 725 832
Net income 77,728 64,141 115,680 130,099
Net income attributable to noncontrolling interests 2,666 2,224 3,970 4,522
Net income available for shareholders 75,062 61,917 111,710 125,577
Dividends to MAA Series I preferred shareholders 922 922 1,844 1,844
Net income available for MAA common shareholders $ 74,140 $ 60,995 $ 109,866 $ 123,733
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 0.65 $ 0.53 $ 0.96 $ 1.09
Earnings per common share - diluted:        
Net income available for MAA common shareholders $ 0.65 $ 0.53 $ 0.96 $ 1.09
Net income available for MAA common shareholders $ 74,140 $ 60,995 $ 109,866 $ 123,733
Limited Partner [Member]        
Revenues:        
Rental and other property revenues 413,026 407,390 831,124 808,568
Expenses:        
Operating expenses, excluding real estate taxes and insurance 95,555 96,172 186,923 185,965
Real estate taxes and insurance 61,916 57,970 123,720 117,554
Depreciation and amortization 127,190 123,944 253,578 246,733
Total property operating expenses 284,661 278,086 564,221 550,252
Property management expenses 11,730 13,454 26,373 27,296
General and administrative expenses 10,557 10,398 23,821 22,735
Interest expense 42,118 45,936 85,600 91,636
(Gain) loss on sale of depreciable real estate assets (2)   27 13
(Gain) loss on sale of non-depreciable real estate assets (5) (297) 371 (9,260)
Other non-operating (income) expense (14,643) (4,575) 13,889 (4,694)
Income before income tax expense 78,610 64,388 116,822 130,590
Income tax expense (1,200) (682) (1,867) (1,323)
Income from continuing operations before real estate joint venture activity 77,410 63,706 114,955 129,267
Income from real estate joint venture 318 435 725 832
Net income 77,728 64,141 115,680 130,099
Dividends to preferred unitholders 922 922 1,844 1,844
Net income available for shareholders $ 76,806 $ 63,219 $ 113,836 $ 128,255
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 0.65 $ 0.53 $ 0.96 $ 1.09
Net income available for MAALP common unitholders 0.65 0.53 0.96 1.09
Earnings per common share - diluted:        
Net income available for MAA common shareholders 0.65 0.53 0.96 1.09
Net income available for MAALP common unitholders $ 0.65 $ 0.53 $ 0.96 $ 1.09