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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental and other property revenues $ 407,390 $ 390,073 $ 808,568 $ 776,090
Expenses:        
Operating expense, excluding real estate taxes and insurance 96,172 92,980 185,965 182,128
Real estate taxes and insurance 57,970 55,750 117,554 111,006
Depreciation and amortization 123,944 122,925 246,733 243,669
Total property operating expenses 278,086 271,655 550,252 536,803
Property management expenses 13,454 11,396 27,296 24,276
General and administrative expenses 10,598 9,211 23,751 19,343
Merger and integration related expenses 0 2,826 0 6,625
Interest expense 45,936 43,585 91,636 84,490
(Gain) loss on sale of depreciable real estate assets   (2) 13 (2)
Gain on sale of non-depreciable real estate assets (297) (2,761) (9,260) (2,911)
Other non-operating income (4,775) (8,032) (5,710) (5,691)
Income before income tax expense 64,388 62,195 130,590 113,157
Income tax expense (682) (570) (1,323) (1,210)
Income from continuing operations before real estate joint venture activity 63,706 61,625 129,267 111,947
Income from real estate joint venture 435 356 832 854
Net income 64,141 61,981 130,099 112,801
Net income attributable to noncontrolling interests 2,224 2,174 4,522 3,975
Net income available for shareholders 61,917 59,807 125,577 108,826
Dividends to MAA Series I preferred shareholders 922 922 1,844 1,844
Net income available for MAA common shareholders $ 60,995 $ 58,885 $ 123,733 $ 106,982
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 0.53 $ 0.52 $ 1.09 $ 0.94
Earnings per common share - diluted:        
Net income available for MAA common shareholders $ 0.53 $ 0.52 $ 1.09 $ 0.94
Limited Partner [Member]        
Revenues:        
Rental and other property revenues $ 407,390 $ 390,073 $ 808,568 $ 776,090
Expenses:        
Operating expense, excluding real estate taxes and insurance 96,172 92,980 185,965 182,128
Real estate taxes and insurance 57,970 55,750 117,554 111,006
Depreciation and amortization 123,944 122,925 246,733 243,669
Total property operating expenses 278,086 271,655 550,252 536,803
Property management expenses 13,454 11,396 27,296 24,276
General and administrative expenses 10,598 9,211 23,751 19,343
Merger and integration related expenses 0 2,826 0 6,625
Interest expense 45,936 43,585 91,636 84,490
(Gain) loss on sale of depreciable real estate assets   (2) 13 (2)
Gain on sale of non-depreciable real estate assets (297) (2,761) (9,260) (2,911)
Other non-operating income (4,775) (8,032) (5,710) (5,691)
Income before income tax expense 64,388 62,195 130,590 113,157
Income tax expense (682) (570) (1,323) (1,210)
Income from continuing operations before real estate joint venture activity 63,706 61,625 129,267 111,947
Income from real estate joint venture 435 356 832 854
Net income 64,141 61,981 130,099 112,801
Dividends to preferred unitholders 922 922 1,844 1,844
Net income available for MAALP common unitholders $ 63,219 $ 61,059 $ 128,255 $ 110,957
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 0.53 $ 0.52 $ 1.09 $ 0.94
Net income available for MAALP common unitholders 0.53 0.52 1.09 0.94
Earnings per common share - diluted:        
Net income available for MAA common shareholders 0.53 0.52 1.09 0.94
Net income available for MAALP common unitholders $ 0.53 $ 0.52 $ 1.09 $ 0.94