v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Rental and other property revenues $ 555,127 $ 549,902 $ 1,108,852 $ 1,099,197
Expenses:        
Operating expenses, excluding real estate taxes and insurance 136,525 132,465 264,138 257,420
Real estate taxes and insurance 82,195 82,189 160,154 158,587
Depreciation and amortization 162,548 153,521 324,418 305,871
Total property operating expenses 381,268 368,175 748,710 721,878
Property management expenses 17,955 17,511 40,416 38,089
General and administrative expenses 15,146 12,813 31,862 28,432
Interest expense 53,132 45,111 104,541 90,272
(Gain) loss on sale of depreciable real estate assets (35,255) 69 (55,419) (71,842)
Other non-operating income, net (2,102) (4,722) (18,107) (5,556)
Income before income tax expense 124,983 110,945 256,849 297,924
Income tax expense (454) (600) (5,975) (1,638)
Income from continuing operations before real estate joint venture activity 124,529 110,345 250,874 296,286
Income from real estate joint venture 289 530 555 995
Net income 124,818 110,875 251,429 297,281
Net income attributable to noncontrolling interests 3,068 2,748 5,320 7,481
Net income 121,750 108,127 246,109 289,800
Dividends to MAA Series I preferred shareholders 922 922 1,844 1,844
Net income available for MAA common shareholders $ 120,828 $ 107,205 $ 244,265 $ 287,956
Earnings per common share - basic:        
Net income available for MAA common shareholders $ 1.04 $ 0.92 $ 2.1 $ 2.46
Earnings per common share - diluted:        
Net income available for MAA common shareholders $ 1.04 $ 0.92 $ 2.1 $ 2.46
Limited Partnership [Member]        
Revenues:        
Rental and other property revenues $ 555,127 $ 549,902 $ 1,108,852 $ 1,099,197
Expenses:        
Operating expenses, excluding real estate taxes and insurance 136,525 132,465 264,138 257,420
Real estate taxes and insurance 82,195 82,189 160,154 158,587
Depreciation and amortization 162,548 153,521 324,418 305,871
Total property operating expenses 381,268 368,175 748,710 721,878
Property management expenses 17,955 17,511 40,416 38,089
General and administrative expenses 15,146 12,813 31,862 28,432
Interest expense 53,132 45,111 104,541 90,272
(Gain) loss on sale of depreciable real estate assets (35,255) 69 (55,419) (71,842)
Other non-operating income, net (2,102) (4,722) (18,107) (5,556)
Income before income tax expense 124,983 110,945 256,849 297,924
Income tax expense (454) (600) (5,975) (1,638)
Income from continuing operations before real estate joint venture activity 124,529 110,345 250,874 296,286
Income from real estate joint venture 289 530 555 995
Net income 124,818 110,875 251,429 297,281
Net income attributable to noncontrolling interests 0 0 (869) 0
Net income 124,818 110,875 252,298 297,281
Dividends to MAA Series I preferred shareholders 922 922 1,844 1,844
Net income available for MAA common shareholders $ 123,896 $ 109,953 $ 250,454 $ 295,437
Earnings per common share - basic:        
Net income available for MAALP common unitholders $ 1.04 $ 0.92 $ 2.1 $ 2.46
Earnings per common share - diluted:        
Net income available for MAALP common unitholders $ 1.04 $ 0.92 $ 2.1 $ 2.46