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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2020
Notes To Financial Statements [Abstract] |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the three months ended March 31, 2020 and 2019 were as follows (in thousands):
|  | Three months ended March 31, |
|  | 2020 |  |  | 2019 |
Revenues: |  |  |  |  |  |  |  |
Same Store |  |  |  |  |  |  |  |
Rental revenues |  | $ | 389,707 |  |  | $ | 373,465 |
Other property revenues |  |  | 2,655 |  |  |  | 3,066 |
Total Same Store revenues |  |  | 392,362 |  |  |  | 376,531 |
Non-Same Store and Other |  |  |  |  |  |  |  |
Rental revenues |  |  | 25,700 |  |  |  | 24,475 |
Other property revenues |  |  | 36 |  |  |  | 172 |
Total Non-Same Store and Other revenues |  |  | 25,736 |  |  |  | 24,647 |
Total rental and other property revenues |  | $ | 418,098 |  |  | $ | 401,178 |
Net Operating Income: |  |  |  |  |  |  |  |
Same Store NOI |  | $ | 249,287 |  |  | $ | 237,838 |
Non-Same Store and Other NOI |  |  | 15,639 |  |  |  | 13,963 |
Total NOI |  |  | 264,926 |  |  |  | 251,801 |
Depreciation and amortization |  |  | (126,388 | ) |  |  | (122,789 | )
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 tax expense |  |  | (667 | ) |  |  | (641 | )
Income from real estate joint venture |  |  | 407 |  |  |  | 397 |
Net income attributable to noncontrolling interests |  |  | (1,304 | ) |  |  | (2,298 | )
Dividends to MAA Series I preferred shareholders |  |  | (922 | ) |  |  | (922 | )
Net income available for MAA common shareholders |  | $ | 35,726 |  |  | $ | 62,738 |
Assets for Reportable Segment | Assets for each reportable segment as of March 31, 2020 and December 31, 2019 were as follows (in thousands):
|  | March 31, 2020 |  |  | December 31, 2019 |
Assets: |  |  |  |  |  |  |  |
Same Store |  | $ | 9,893,148 |  |  | $ | 9,975,880 |
Non-Same Store and Other |  |  | 1,107,843 |  |  |  | 1,049,029 |
Corporate assets |  |  | 154,986 |  |  |  | 205,541 |
Total assets |  | $ | 11,155,977 |  |  | $ | 11,230,450 |

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