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Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Revenues: |  |
Rental and other property revenues | $ 543,622 | $ 529,033
Expenses: |  |
Operating expenses, excluding real estate taxes and insurance | 118,199 | 108,604
Real estate taxes and insurance | 79,603 | 74,199
Depreciation and amortization | 143,020 | 138,501
Total property operating expenses | 340,822 | 321,304
Property management expenses | 19,995 | 17,928
General and administrative expenses | 17,045 | 15,923
Interest expense | 40,361 | 37,281
Loss (gain) on sale of depreciable real estate assets | 2 | (15)
Gain on sale of non-depreciable real estate assets | 0 | (54)
Other non-operating income | (23,526) | (3,467)
Income before income tax expense | 148,923 | 140,133
Income tax expense | (1,795) | (944)
Income from continuing operations before real estate joint venture activity | 147,128 | 139,189
Income from real estate joint venture | 482 | 385
Net income | 147,610 | 139,574
Net income attributable to noncontrolling interests | 3,861 | 3,664
Net income | 143,749 | 135,910
Dividends to MAA Series I preferred shareholders | 922 | 922
Net income available for MAA common shareholders | $ 142,827 | $ 134,988
Earnings per common share - basic: |  |
Net income available for MAA common shareholders | $ 1.22 | $ 1.16
Earnings per common share - diluted: |  |
Net income available for MAA common shareholders | $ 1.22 | $ 1.16
Limited Partnership [Member] |  |
Revenues: |  |
Rental and other property revenues | $ 543,622 | $ 529,033
Expenses: |  |
Operating expenses, excluding real estate taxes and insurance | 118,199 | 108,604
Real estate taxes and insurance | 79,603 | 74,199
Depreciation and amortization | 143,020 | 138,501
Total property operating expenses | 340,822 | 321,304
Property management expenses | 19,995 | 17,928
General and administrative expenses | 17,045 | 15,923
Interest expense | 40,361 | 37,281
Loss (gain) on sale of depreciable real estate assets | 2 | (15)
Gain on sale of non-depreciable real estate assets | 0 | (54)
Other non-operating income | (23,526) | (3,467)
Income before income tax expense | 148,923 | 140,133
Income tax expense | (1,795) | (944)
Income from continuing operations before real estate joint venture activity | 147,128 | 139,189
Income from real estate joint venture | 482 | 385
Net income | 147,610 | 139,574
Net income | 147,610 | 139,574
Dividends to MAA Series I preferred shareholders | 922 | 922
Net income available for MAA common shareholders | $ 146,688 | $ 138,652
Earnings per common share - basic: |  |
Net income available for MAALP common unitholders | $ 1.22 | $ 1.16
Earnings per common share - diluted: |  |
Net income available for MAALP common unitholders | $ 1.22 | $ 1.16

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