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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Notes To Financial Statements [Abstract] |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the years ended December 31, 2021, 2020 and 2019 were as follows (in thousands):
Revenues: |  | 2021 |  |  | 2020 |  |  | 2019 |
Same Store |  |  |  |  |  |  |  |  |
Rental revenues |  | $ | 1,690,770 |  |  | $ | 1,601,812 |  |  | $ | 1,526,101 |
Other property revenues |  |  | 11,971 |  |  |  | 11,557 |  |  |  | 12,174 |
Total Same Store revenues |  |  | 1,702,741 |  |  |  | 1,613,369 |  |  |  | 1,538,275 |
Non-Same Store and Other |  |  |  |  |  |  |  |  |
Rental revenues |  |  | 74,432 |  |  |  | 64,401 |  |  |  | 101,503 |
Other property revenues |  |  | 909 |  |  |  | 214 |  |  |  | 1,239 |
Total Non-Same Store and Other revenues |  |  | 75,341 |  |  |  | 64,615 |  |  |  | 102,742 |
Total rental and other property revenues |  | $ | 1,778,082 |  |  | $ | 1,677,984 |  |  | $ | 1,641,017 |
Net Operating Income: |  |  |  |  |  |  |  |  |
Same Store NOI |  | $ | 1,064,308 |  |  | $ | 1,001,919 |  |  | $ | 968,190 |
Non-Same Store and Other NOI |  |  | 42,609 |  |  |  | 35,594 |  |  |  | 59,982 |
Total NOI |  |  | 1,106,917 |  |  |  | 1,037,513 |  |  |  | 1,028,172 |
Depreciation and amortization |  |  | (533,433 | ) |  |  | (510,842 | ) |  |  | (496,843 | )
Property management expenses |  |  | (55,732 | ) |  |  | (52,300 | ) |  |  | (55,011 | )
General and administrative expenses |  |  | (52,884 | ) |  |  | (46,858 | ) |  |  | (43,845 | )
Interest expense |  |  | (156,881 | ) |  |  | (167,562 | ) |  |  | (179,847 | )
Gain on sale of depreciable real estate assets |  |  | 220,428 |  |  |  | 9 |  |  |  | 80,988 |
Gain on sale of non-depreciable real estate assets |  |  | 811 |  |  |  | 1,024 |  |  |  | 12,047 |
Other non-operating income |  |  | 33,902 |  |  |  | 4,857 |  |  |  | 22,999 |
Income tax expense |  |  | (13,637 | ) |  |  | (3,327 | ) |  |  | (3,696 | )
Income from real estate joint venture |  |  | 1,211 |  |  |  | 1,501 |  |  |  | 1,654 |
Net income attributable to noncontrolling interests |  |  | (16,911 | ) |  |  | (9,053 | ) |  |  | (12,807 | )
Dividends to MAA Series I preferred shareholders |  |  | (3,688 | ) |  |  | (3,688 | ) |  |  | (3,688 | )
Net income available for MAA common shareholders |  | $ | 530,103 |  |  | $ | 251,274 |  |  | $ | 350,123 |
Assets for Reportable Segment | Assets for each reportable segment as of December 31, 2021 and 2020 were as follows (in thousands):
Assets: |  | December 31, 2021 |  |  | December 31, 2020 |
Same Store |  | $ | 9,832,347 |  |  | $ | 10,076,511 |
Non-Same Store and Other |  |  | 1,181,432 |  |  |  | 937,375 |
Corporate assets |  |  | 271,403 |  |  |  | 180,905 |
Total assets |  | $ | 11,285,182 |  |  | $ | 11,194,791 |

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