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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Notes To Financial Statements [Abstract] |
Revenues and NOI for Reportable Segment | Revenues and NOI for each reportable segment for the years ended December 31, 2022, 2021 and 2020 were as follows (in thousands):
|  | 2022 |  |  | 2021 |  |  | 2020 |
Revenues: |  |  |  |  |  |  |  |  |
Same Store |  |  |  |  |  |  |  |  |
Rental revenues |  | $ | 1,912,626 |  |  | $ | 1,683,380 |  |  | $ | 1,601,812 |
Other property revenues |  |  | 12,083 |  |  |  | 11,854 |  |  |  | 11,557 |
Total Same Store revenues |  |  | 1,924,709 |  |  |  | 1,695,234 |  |  |  | 1,613,369 |
Non-Same Store and Other |  |  |  |  |  |  |  |  |
Rental revenues |  |  | 93,512 |  |  |  | 81,822 |  |  |  | 64,401 |
Other property revenues |  |  | 1,645 |  |  |  | 1,026 |  |  |  | 214 |
Total Non-Same Store and Other revenues |  |  | 95,157 |  |  |  | 82,848 |  |  |  | 64,615 |
Total rental and other property revenues |  | $ | 2,019,866 |  |  | $ | 1,778,082 |  |  | $ | 1,677,984 |
Net Operating Income: |  |  |  |  |  |  |  |  |
Same Store NOI |  | $ | 1,242,695 |  |  | $ | 1,061,572 |  |  | $ | 1,001,919 |
Non-Same Store and Other NOI |  |  | 53,477 |  |  |  | 45,345 |  |  |  | 35,594 |
Total NOI |  |  | 1,296,172 |  |  |  | 1,106,917 |  |  |  | 1,037,513 |
Depreciation and amortization |  |  | (542,998 | ) |  |  | (533,433 | ) |  |  | (510,842 | )
Property management expenses |  |  | (65,463 | ) |  |  | (55,732 | ) |  |  | (52,300 | )
General and administrative expenses |  |  | (58,833 | ) |  |  | (52,884 | ) |  |  | (46,858 | )
Interest expense |  |  | (154,747 | ) |  |  | (156,881 | ) |  |  | (167,562 | )
Gain on sale of depreciable real estate assets |  |  | 214,762 |  |  |  | 220,428 |  |  |  | 9 |
Gain on sale of non-depreciable real estate assets |  |  | 809 |  |  |  | 811 |  |  |  | 1,024 |
Other non-operating (expense) income |  |  | (42,713 | ) |  |  | 33,902 |  |  |  | 4,857 |
Income tax benefit (expense) |  |  | 6,208 |  |  |  | (13,637 | ) |  |  | (3,327 | )
Income from real estate joint venture |  |  | 1,579 |  |  |  | 1,211 |  |  |  | 1,501 |
Net income attributable to noncontrolling interests |  |  | (17,340 | ) |  |  | (16,911 | ) |  |  | (9,053 | )
Dividends to MAA Series I preferred shareholders |  |  | (3,688 | ) |  |  | (3,688 | ) |  |  | (3,688 | )
Net income available for MAA common shareholders |  | $ | 633,748 |  |  | $ | 530,103 |  |  | $ | 251,274 |
Assets for Reportable Segment | Assets for each reportable segment as of December 31, 2022 and 2021 were as follows (in thousands):
|  | December 31, 2022 |  |  | December 31, 2021 |
Assets: |  |  |  |  |  |
Same Store |  | $ | 9,692,674 |  |  | $ | 9,907,740 |
Non-Same Store and Other |  |  | 1,375,936 |  |  |  | 1,106,039 |
Corporate |  |  | 172,555 |  |  |  | 271,403 |
Total assets |  | $ | 11,241,165 |  |  | $ | 11,285,182 |

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