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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2021
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, 2021 and 2020 were as follows (in thousands):
|  | Three months ended March 31, |
|  | 2021 |  |  | 2020 |
Revenues: |  |  |  |  |  |  |  |
Same Store |  |  |  |  |  |  |  |
Rental revenues |  | $ | 404,056 |  |  | $ | 398,676 |
Other property revenues |  |  | 2,981 |  |  |  | 2,694 |
Total Same Store revenues |  |  | 407,037 |  |  |  | 401,370 |
Non-Same Store and Other |  |  |  |  |  |  |  |
Rental revenues |  |  | 17,725 |  |  |  | 16,730 |
Other property revenues |  |  | 243 |  |  |  | (2 | )
Total Non-Same Store and Other revenues |  |  | 17,968 |  |  |  | 16,728 |
Total rental and other property revenues |  | $ | 425,005 |  |  | $ | 418,098 |
Net Operating Income: |  |  |  |  |  |  |  |
Same Store NOI |  | $ | 252,730 |  |  | $ | 255,034 |
Non-Same Store and Other NOI |  |  | 9,807 |  |  |  | 9,892 |
Total NOI |  |  | 262,537 |  |  |  | 264,926 |
Depreciation and amortization |  |  | (131,503 | ) |  |  | (126,388 | )
Property management expenses |  |  | (12,939 | ) |  |  | (14,643 | )
General and administrative expenses |  |  | (12,979 | ) |  |  | (13,264 | )
Interest expense |  |  | (39,672 | ) |  |  | (43,482 | )
Loss on sale of depreciable real estate assets |  |  | — |  |  |  | (29 | )
Loss on sale of non-depreciable real estate assets |  |  | — |  |  |  | (376 | )
Other non-operating expense |  |  | (15,913 | ) |  |  | (28,532 | )
Income tax expense |  |  | (999 | ) |  |  | (667 | )
Income from real estate joint venture |  |  | 332 |  |  |  | 407 |
Net income attributable to noncontrolling interests |  |  | (1,671 | ) |  |  | (1,304 | )
Dividends to MAA Series I preferred shareholders |  |  | (922 | ) |  |  | (922 | )
Net income available for MAA common shareholders |  | $ | 46,271 |  |  | $ | 35,726 |
Assets for Reportable Segment | Assets for each reportable segment as of March 31, 2021 and December 31, 2020 were as follows (in thousands):
|  | March 31, 2021 |  |  | December 31, 2020 |
Assets: |  |  |  |  |  |  |  |
Same Store |  | $ | 10,006,979 |  |  | $ | 10,076,511 |
Non-Same Store and Other |  |  | 1,000,815 |  |  |  | 937,375 |
Corporate assets |  |  | 184,584 |  |  |  | 180,905 |
Total assets |  | $ | 11,192,378 |  |  | $ | 11,194,791 |

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