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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental and other property revenues $ 423,199 $ 415,632 $ 1,254,323 $ 1,224,200
Expenses:        
Operating expenses, excluding real estate taxes and insurance 105,108 100,319 292,031 286,284
Real estate taxes and insurance 64,706 59,220 188,426 176,774
Depreciation and amortization 127,679 124,684 381,257 371,417
Total property operating expenses 297,493 284,223 861,714 834,475
Property management expenses 12,691 13,899 39,064 41,195
General and administrative expenses 11,360 10,225 35,181 32,960
Interest expense 41,010 44,513 126,610 136,149
(Gain) loss on sale of depreciable real estate assets (20) (1,000) 7 (987)
Gain on sale of non-depreciable real estate assets (1,366)   (995) (9,260)
Other non-operating (income) expense (242) (18,800) 13,647 (23,494)
Income before income tax expense 62,273 82,572 179,095 213,162
Income tax expense (665) (1,491) (2,532) (2,814)
Income from continuing operations before real estate joint venture activity 61,608 81,081 176,563 210,348
Income from real estate joint venture 428 378 1,153 1,210
Net income 62,036 81,459 177,716 211,558
Net income attributable to noncontrolling interests 2,126 2,814 6,096 7,336
Net income available for shareholders 59,910 78,645 171,620 204,222
Dividends to MAA Series I preferred shareholders 922 922 2,766 2,766
Net income available for MAA common shareholders $ 58,988 $ 77,723 $ 168,854 $ 201,456
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 0.52 $ 0.68 $ 1.48 $ 1.77
Earnings per common share - diluted:        
Net income available for MAA common shareholders $ 0.52 $ 0.68 $ 1.47 $ 1.77
Net income available for MAA common shareholders $ 58,988 $ 77,723 $ 168,854 $ 201,456
Limited Partner [Member]        
Revenues:        
Rental and other property revenues 423,199 415,632 1,254,323 1,224,200
Expenses:        
Operating expenses, excluding real estate taxes and insurance 105,108 100,319 292,031 286,284
Real estate taxes and insurance 64,706 59,220 188,426 176,774
Depreciation and amortization 127,679 124,684 381,257 371,417
Total property operating expenses 297,493 284,223 861,714 834,475
Property management expenses 12,691 13,899 39,064 41,195
General and administrative expenses 11,360 10,225 35,181 32,960
Interest expense 41,010 44,513 126,610 136,149
(Gain) loss on sale of depreciable real estate assets (20) (1,000) 7 (987)
Gain on sale of non-depreciable real estate assets (1,366)   (995) (9,260)
Other non-operating (income) expense (242) (18,800) 13,647 (23,494)
Income before income tax expense 62,273 82,572 179,095 213,162
Income tax expense (665) (1,491) (2,532) (2,814)
Income from continuing operations before real estate joint venture activity 61,608 81,081 176,563 210,348
Income from real estate joint venture 428 378 1,153 1,210
Net income 62,036 81,459 177,716 211,558
Dividends to preferred unitholders 922 922 2,766 2,766
Net income available for shareholders $ 61,114 $ 80,537 $ 174,950 $ 208,792
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 0.52 $ 0.68 $ 1.48 $ 1.77
Net income available for MAALP common unitholders 0.52 0.68 1.48 1.77
Earnings per common share - diluted:        
Net income available for MAA common shareholders 0.52 0.68 1.48 1.77
Net income available for MAALP common unitholders $ 0.52 $ 0.68 $ 1.48 $ 1.77