Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Revenues and NOI for each reportable segment for the years ended December 31, 2020, 2019 and 2018 were as follows (in thousands):


Revenues	2020			2019			2018
Same Store:
Rental revenues	$	1,566,079		$	1,526,101		$	1,364,744
Reimbursable property revenues		—			—			91,020
Other property revenues		11,372			12,174			11,696
Total Same Store revenues		1,577,451			1,538,275			1,467,460
Non-Same Store and Other:
Rental revenues		100,134			101,503			99,281
Reimbursable property revenues		—			—			3,744
Other property revenues		399			1,239			861
Total Non-Same Store and Other revenues		100,533			102,742			103,886
Total rental and other property revenues	$	1,677,984		$	1,641,017		$	1,571,346
Net Operating Income
Same Store NOI	$	979,330		$	968,190		$	921,240
Non-Same Store and Other NOI		58,183			59,982			55,518
Total NOI		1,037,513			1,028,172			976,758
Depreciation and amortization		(510,842	)		(496,843	)		(489,759	)
Property management expenses		(52,300	)		(55,011	)		(47,633	)
General and administrative expenses		(46,858	)		(43,845	)		(38,855	)
Merger and integration expenses		—			—			(9,112	)
Interest expense		(167,562	)		(179,847	)		(173,594	)
Gain (loss) on sale of depreciable real estate assets		9			80,988			(39	)
Gain on sale of non-depreciable real estate assets		1,024			12,047			4,532
Other non-operating income		4,857			22,999			9,503
Income tax expense		(3,327	)		(3,696	)		(2,611	)
Income from real estate joint venture		1,501			1,654			1,832
Net income attributable to noncontrolling interests		(9,053	)		(12,807	)		(8,123	)
Dividends to MAA Series I preferred shareholders		(3,688	)		(3,688	)		(3,688	)
Net income available for MAA common shareholders	$	251,274		$	350,123		$	219,211

Assets for each reportable segment as of December 31, 2020 and 2019 were as follows (in thousands):