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Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Revenues: |  |  |  |
Rental and other property revenues | $ 546,435 | $ 535,146 | $ 1,090,057 | $ 1,064,179
Expenses: |  |  |  |
Operating expenses, excluding real estate taxes and insurance | 126,213 | 116,604 | 244,412 | 225,208
Real estate taxes and insurance | 79,583 | 77,729 | 159,186 | 151,928
Depreciation and amortization | 145,022 | 138,972 | 288,042 | 277,473
Total property operating expenses | 350,818 | 333,305 | 691,640 | 654,609
Property management expenses | 17,201 | 16,091 | 37,196 | 34,019
General and administrative expenses | 12,671 | 13,882 | 29,716 | 29,805
Interest expense | 41,265 | 36,723 | 81,626 | 74,004
Loss (gain) on sale of depreciable real estate assets | 23 | 1 | 25 | (14)
Gain on sale of non-depreciable real estate assets | 0 | 0 | 0 | (54)
Other non-operating expense (income) | 19,244 | (16,992) | (4,282) | (20,459)
Income before income tax expense | 105,213 | 152,136 | 254,136 | 292,269
Income tax expense | (1,020) | (2,861) | (2,815) | (3,805)
Income from continuing operations before real estate joint venture activity | 104,193 | 149,275 | 251,321 | 288,464
Income from real estate joint venture | 469 | 382 | 951 | 767
Net income | 104,662 | 149,657 | 252,272 | 289,231
Net income attributable to noncontrolling interests | 2,709 | 3,969 | 6,570 | 7,633
Net income | 101,953 | 145,688 | 245,702 | 281,598
Dividends to MAA Series I preferred shareholders | 922 | 922 | 1,844 | 1,844
Net income available for MAA common shareholders | $ 101,031 | $ 144,766 | $ 243,858 | $ 279,754
Earnings per common share - basic: |  |  |  |
Net income available for MAA common shareholders | $ 0.86 | $ 1.24 | $ 2.09 | $ 2.4
Earnings per common share - diluted: |  |  |  |
Net income available for MAA common shareholders | $ 0.86 | $ 1.24 | $ 2.09 | $ 2.4
Limited Partnership [Member] |  |  |  |
Revenues: |  |  |  |
Rental and other property revenues | $ 546,435 | $ 535,146 | $ 1,090,057 | $ 1,064,179
Expenses: |  |  |  |
Operating expenses, excluding real estate taxes and insurance | 126,213 | 116,604 | 244,412 | 225,208
Real estate taxes and insurance | 79,583 | 77,729 | 159,186 | 151,928
Depreciation and amortization | 145,022 | 138,972 | 288,042 | 277,473
Total property operating expenses | 350,818 | 333,305 | 691,640 | 654,609
Property management expenses | 17,201 | 16,091 | 37,196 | 34,019
General and administrative expenses | 12,671 | 13,882 | 29,716 | 29,805
Interest expense | 41,265 | 36,723 | 81,626 | 74,004
Loss (gain) on sale of depreciable real estate assets | 23 | 1 | 25 | (14)
Gain on sale of non-depreciable real estate assets | 0 | 0 | 0 | (54)
Other non-operating expense (income) | 19,244 | (16,992) | (4,282) | (20,459)
Income before income tax expense | 105,213 | 152,136 | 254,136 | 292,269
Income tax expense | (1,020) | (2,861) | (2,815) | (3,805)
Income from continuing operations before real estate joint venture activity | 104,193 | 149,275 | 251,321 | 288,464
Income from real estate joint venture | 469 | 382 | 951 | 767
Net income | 104,662 | 149,657 | 252,272 | 289,231
Net income | 104,662 | 149,657 | 252,272 | 289,231
Dividends to MAA Series I preferred shareholders | 922 | 922 | 1,844 | 1,844
Net income available for MAA common shareholders | $ 103,740 | $ 148,735 | $ 250,428 | $ 287,387
Earnings per common share - basic: |  |  |  |
Net income available for MAALP common unitholders | $ 0.86 | $ 1.24 | $ 2.09 | $ 2.4
Earnings per common share - diluted: |  |  |  |
Net income available for MAALP common unitholders | $ 0.86 | $ 1.24 | $ 2.09 | $ 2.4

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