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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Notes To Financial Statements [Abstract] |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the three and six months ended June 30, 2020 and 2019 were as follows (in thousands):
|  | Three months ended June 30, |  |  | Six months ended June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Same Store |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenues |  | $ | 386,581 |  |  | $ | 378,146 |  |  | $ | 776,288 |  |  | $ | 751,611 |
Other property revenues |  |  | 3,313 |  |  |  | 3,616 |  |  |  | 5,968 |  |  |  | 6,682 |
Total Same Store revenues |  |  | 389,894 |  |  |  | 381,762 |  |  |  | 782,256 |  |  |  | 758,293 |
Non-Same Store and Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental revenues |  |  | 23,039 |  |  |  | 25,433 |  |  |  | 48,739 |  |  |  | 49,908 |
Other property revenues |  |  | 93 |  |  |  | 195 |  |  |  | 129 |  |  |  | 367 |
Total Non-Same Store and Other revenues |  |  | 23,132 |  |  |  | 25,628 |  |  |  | 48,868 |  |  |  | 50,275 |
Total rental and other property revenues |  | $ | 413,026 |  |  | $ | 407,390 |  |  | $ | 831,124 |  |  | $ | 808,568 |
Net Operating Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Same Store NOI |  | $ | 242,713 |  |  | $ | 238,016 |  |  | $ | 492,000 |  |  | $ | 475,854 |
Non-Same Store and Other NOI |  |  | 12,842 |  |  |  | 15,232 |  |  |  | 28,481 |  |  |  | 29,195 |
Total NOI |  |  | 255,555 |  |  |  | 253,248 |  |  |  | 520,481 |  |  |  | 505,049 |
Depreciation and amortization |  |  | (127,190 | ) |  |  | (123,944 | ) |  |  | (253,578 | ) |  |  | (246,733 | )
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 tax expense |  |  | (1,200 | ) |  |  | (682 | ) |  |  | (1,867 | ) |  |  | (1,323 | )
Income from real estate joint venture |  |  | 318 |  |  |  | 435 |  |  |  | 725 |  |  |  | 832 |
Net income attributable to noncontrolling interests |  |  | (2,666 | ) |  |  | (2,224 | ) |  |  | (3,970 | ) |  |  | (4,522 | )
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 |
Assets for Reportable Segment | Assets for each reportable segment as of June 30, 2020 and December 31, 2019 were as follows (in thousands):
|  | June 30, 2020 |  |  | December 31, 2019 |
Assets: |  |  |  |  |  |  |  |
Same Store |  | $ | 9,823,436 |  |  | $ | 9,975,880 |
Non-Same Store and Other |  |  | 1,146,811 |  |  |  | 1,049,029 |
Corporate assets |  |  | 161,066 |  |  |  | 205,541 |
Total assets |  | $ | 11,131,313 |  |  | $ | 11,230,450 |

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