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v3.25.2

Segment Information - Revenues and NOI for Reportable Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Segment Information |  |  |  |
Total operating revenues | $ 549,902 | $ 546,435 | $ 1,099,197 | $ 1,090,057
Total property operating expenses, excluding depreciation and amortization | 214,654 | 205,796 | 416,007 | 403,598
Net Operating Income | 335,248 | 340,639 | 683,190 | 686,459
Depreciation and amortization | (153,521) | (145,022) | (305,871) | (288,042)
Property management expenses | (17,511) | (17,201) | (38,089) | (37,196)
General and administrative expenses | (12,813) | (12,671) | (28,432) | (29,716)
Interest expense | (45,111) | (41,265) | (90,272) | (81,626)
(Loss) gain on sale of depreciable real estate assets | (69) | (23) | 71,842 | (25)
Other non-operating income (expense) | 4,722 | (19,244) | 5,556 | 4,282
Income tax expense | (600) | (1,020) | (1,638) | (2,815)
Income from real estate joint venture | 530 | 469 | 995 | 951
Net income (loss) attributable to noncontrolling interests | (2,748) | (2,709) | (7,481) | (6,570)
Dividends to MAA Series I preferred shareholders | (922) | (922) | (1,844) | (1,844)
Net income available for MAA common shareholders | 107,205 | 101,031 | 287,956 | 243,858
Same Store [Member] |  |  |  |
Segment Information |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax | 514,756 | 517,114 | 1,030,163 | 1,032,963
Other operating income expense net | 4,199 | 3,306 | 7,617 | 5,990
Total operating revenues | 518,955 | 520,420 | 1,037,780 | 1,038,953
Total property operating expenses, excluding depreciation and amortization | 199,343 | 192,110 | 385,373 | 375,999
Real estate taxes | 69,020 | 67,956 | 132,355 | 135,823
Personnel | 43,249 | 41,264 | 84,833 | 80,736
Utilities | 33,616 | 32,219 | 67,527 | 64,403
Building repair and maintenance | 27,151 | 26,138 | 49,593 | 47,802
Office operations | 9,311 | 8,435 | 18,880 | 16,876
Marketing | 8,521 | 7,981 | 15,273 | 14,079
Insurance | 8,475 | 8,117 | 16,912 | 16,280
Net Operating Income | 319,612 | 328,310 | 652,407 | 662,954
Non-Same Store and Other [Member] |  |  |  |
Segment Information |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax | 30,195 | 25,677 | 60,418 | 49,644
Other operating income expense net | 752 | 338 | 999 | 1,460
Total operating revenues | 30,947 | 26,015 | 61,417 | 51,104
Total property operating expenses, excluding depreciation and amortization | 15,311 | 13,686 | 30,634 | 27,599
Net Operating Income | $ 15,636 | $ 12,329 | $ 30,783 | $ 23,505

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