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v3.25.0.1

Segment Information - Property Revenues, Property Operating Expenses and NOI for Reportable Segment (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Segment Information |  |  |
Total operating revenues | $ 2,191,015 | $ 2,148,468 | $ 2,019,866
Total property operating expenses, excluding depreciation and amortization | 820,092 | 768,141 | 723,694
Net Operating Income | 1,370,923 | 1,380,327 | 1,296,172
Depreciation and amortization | (585,616) | (565,063) | (542,998)
Property management expenses | (72,040) | (67,784) | (65,463)
General and administrative expenses | (56,516) | (58,578) | (58,833)
Interest expense | (168,544) | (149,234) | (154,747)
Gain (loss) on sale of depreciable real estate assets | 55,003 | (62) | 214,762
Gain on sale of non-depreciable real estate assets | 0 | 54 | 809
Other non-operating income (expense) | 1,655 | 31,185 | (42,713)
Income tax (expense) benefit | (5,240) | (4,744) | 6,208
Income from real estate joint venture | 1,951 | 1,730 | 1,579
Net income attributable to noncontrolling interests | (14,033) | (15,025) | (17,340)
Dividends to MAA Series I preferred shareholders | (3,688) | (3,688) | (3,688)
Net income available for MAA common shareholders | 523,855 | 549,118 | 633,748
Same Store [Member] |  |  |
Segment Information |  |  |
Revenue from Contract with Customer, Including Assessed Tax | 2,072,467 | 2,063,344 | 1,895,071
Other operating income expense net | 12,369 | 11,752 | 11,932
Total operating revenues | 2,084,836 | 2,075,096 | 1,907,003
Total property operating expenses, excluding depreciation and amortization | 763,659 | 735,286 | 674,110
Real estate taxes | 270,584 | 265,296 | 244,476
Personnel | 165,249 | 157,656 | 146,319
Utilities | 135,810 | 131,197 | 122,563
Building repair & maintenance | 97,590 | 95,955 | 85,350
Office operations | 34,922 | 30,366 | 27,337
Insurance | 33,088 | 30,713 | 26,031
Marketing | 26,416 | 24,103 | 22,034
Net Operating Income | 1,321,177 | 1,339,810 | 1,232,893
Non-Same Store and Other [Member] |  |  |
Segment Information |  |  |
Revenue from Contract with Customer, Including Assessed Tax | 104,151 | 72,874 | 111,067
Other operating income expense net | 2,028 | 498 | 1,796
Total operating revenues | 106,179 | 73,372 | 112,863
Total property operating expenses, excluding depreciation and amortization | 56,433 | 32,855 | 49,584
Net Operating Income | $ 49,746 | $ 40,517 | $ 63,279

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