MID AMERICA APARTMENT COMMUNITIES INC
For the period ended Dec 31, 2023. Filed Feb 9, 2024.
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FY2023 · Filed Feb 9, 2024
MAA$118.86-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations for the
Consolidated Statem ents of Operations
(Dollars in thousands, except per unit data)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Revenues: | |||
| Rental and other property revenues | $2,148,468 | $2,019,866 | $1,778,082 |
| Expenses: | |||
| Operating expenses, excluding real estate taxes and insurance | 461,540 | 435,108 | 404,288 |
| Real estate taxes and insurance | 306,601 | 288,586 | 266,877 |
| Depreciation and amortization | 565,063 | 542,998 | 533,433 |
| Total property operating expenses | 1,333,204 | 1,266,692 | 1,204,598 |
| Property management expenses | 67,784 | 65,463 | 55,732 |
| General and administrative expenses | 58,578 | 58,833 | 52,884 |
| Interest expense | 149,234 | 154,747 | 156,881 |
| Loss (gain) on sale of depreciable real estate assets | 62 | (214,762) | (220,428) |
| Gain on sale of non-depreciable real estate assets | (54) | (809) | (811) |
| Other non-operating (income) expense | (31,185) | 42,713 | (33,902) |
| Income before income tax (expense) benefit | 570,845 | 646,989 | 563,128 |
| Income tax (expense) benefit | (4,744) | 6,208 | (13,637) |
| Income from continuing operations before real estate joint venture activity | 566,101 | 653,197 | 549,491 |
| Income from real estate joint venture | 1,730 | 1,579 | 1,211 |
| Net income | 567,831 | 654,776 | 550,702 |
| Net income (loss) attributable to noncontrolling interests | 62 | (293) | — |
| Net income available for MAALP unitholders | 567,769 | 655,069 | 550,702 |
| Distributions to MAALP preferred unitholders | 3,688 | 3,688 | 3,688 |
| Net income available for MAALP common unitholders | $564,081 | $651,381 | $547,014 |
| Earnings per common unit - basic: | |||
| Net income available for MAALP common unitholders | $4.71 | $5.49 | $4.62 |
| Earnings per common unit - diluted: | |||
| Net income available for MAALP common unitholders | $4.71 | $5.48 | $4.61 |
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