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v3.25.3

Segment Information - Revenues and NOI for Reportable Segment (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024
Segment Information |  |  |  |
Total operating revenues | $ 554,373 | $ 551,126 | $ 1,653,570 | $ 1,641,183
Total property operating expenses, excluding depreciation and amortization | 216,064 | 211,561 | 632,071 | 615,159
Net Operating Income | 338,309 | 339,565 | 1,021,499 | 1,026,024
Depreciation and amortization | (156,650) | (146,722) | (462,521) | (434,764)
Property management expenses | (18,183) | (17,265) | (56,272) | (54,461)
General and administrative expenses | (12,525) | (12,728) | (40,957) | (42,444)
Interest expense | (46,277) | (42,726) | (136,549) | (124,352)
Gain (loss) on sale of depreciable real estate assets | 0 | 0 | 71,842 | (25)
Other non-operating (expense) income | (1,253) | (1,678) | 4,303 | 2,604
Income tax expense | (1,766) | (670) | (3,404) | (3,485)
Income from real estate joint venture | 389 | 454 | 1,384 | 1,405
Net income (loss) attributable to noncontrolling interests | (2,506) | (3,035) | (9,987) | (9,605)
Dividends to MAA Series I preferred shareholders | (922) | (922) | (2,766) | (2,766)
Net income available for MAA common shareholders | 98,616 | 114,273 | 386,572 | 358,131
Same Store [Member] |  |  |  |
Segment Information |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax | 517,258 | 518,924 | 1,547,421 | 1,551,887
Other operating income expense net | 3,603 | 3,354 | 11,220 | 9,344
Total operating revenues | 520,861 | 522,278 | 1,558,641 | 1,561,231
Total property operating expenses, excluding depreciation and amortization | 198,833 | 194,372 | 584,206 | 570,371
Real estate taxes | 65,852 | 64,796 | 198,207 | 200,619
Personnel | 44,715 | 42,853 | 129,548 | 123,589
Utilities | 37,166 | 35,917 | 104,693 | 100,320
Building repair and maintenance | 27,328 | 26,696 | 76,921 | 74,498
Office operations | 8,699 | 8,763 | 27,579 | 25,639
Insurance | 7,807 | 8,284 | 24,719 | 24,564
Marketing | 7,266 | 7,063 | 22,539 | 21,142
Net Operating Income | 322,028 | 327,906 | 974,435 | 990,860
Non-Same Store and Other [Member] |  |  |  |
Segment Information |  |  |  |
Revenue from Contract with Customer, Including Assessed Tax | 33,238 | 28,455 | 93,656 | 78,098
Other operating income expense net | 274 | 393 | 1,273 | 1,854
Total operating revenues | 33,512 | 28,848 | 94,929 | 79,952
Total property operating expenses, excluding depreciation and amortization | 17,231 | 17,189 | 47,865 | 44,788
Net Operating Income | $ 16,281 | $ 11,659 | $ 47,064 | $ 35,164

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