Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Revenues and NOI for each reportable segment for the three and six months ended June 30, 2021 and 2020 were as follows (in thousands):

	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020
Revenues:
Same Store
Rental revenues	$	413,967		$	395,360		$	818,023		$	794,036
Other property revenues		3,355			3,362			6,336			6,056
Total Same Store revenues		417,322			398,722			824,359			800,092
Non-Same Store and Other
Rental revenues		19,198			14,261			36,923			30,991
Other property revenues		407			43			650			41
Total Non-Same Store and Other revenues		19,605			14,304			37,573			31,032
Total rental and other property revenues	$	436,927		$	413,026		$	861,932		$	831,124
Net Operating Income:
Same Store NOI	$	257,071		$	248,034		$	509,801		$	503,068
Non-Same Store and Other NOI		11,095			7,521			20,902			17,413
Total NOI		268,166			255,555			530,703			520,481
Depreciation and amortization		(131,824	)		(127,190	)		(263,327	)		(253,578	)
Property management expenses		(13,752	)		(11,730	)		(26,691	)		(26,373	)
General and administrative expenses		(13,114	)		(10,557	)		(26,093	)		(23,821	)
Interest expense		(38,867	)		(42,118	)		(78,539	)		(85,600	)
Gain (loss) on sale of depreciable real estate assets		134,828			2			134,828			(27	)
Gain (loss) on sale of non-depreciable real estate assets		32			5			32			(371	)
Other non-operating income (expense)		20,126			14,643			4,213			(13,889	)
Income tax expense		(2,045	)		(1,200	)		(3,044	)		(1,867	)
Income from real estate joint venture		325			318			657			725
Net income attributable to noncontrolling interests		(7,397	)		(2,666	)		(9,068	)		(3,970	)
Dividends to MAA Series I preferred shareholders		(922	)		(922	)		(1,844	)		(1,844	)
Net income available for MAA common shareholders	$	215,556		$	74,140		$	261,827		$	109,866

Assets for each reportable segment as of June 30, 2021 and December 31, 2020 were as follows (in thousands):