MID AMERICA APARTMENT COMMUNITIES INC
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
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FY2024 · Filed Feb 7, 2025
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)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Revenues: | |||
| Rental and other property revenues | $2,191,015 | $2,148,468 | $2,019,866 |
| Expenses: | |||
| Operating expenses, excluding real estate taxes and insurance | 502,735 | 461,540 | 435,108 |
| Real estate taxes and insurance | 317,357 | 306,601 | 288,586 |
| Depreciation and amortization | 585,616 | 565,063 | 542,998 |
| Total property operating expenses | 1,405,708 | 1,333,204 | 1,266,692 |
| 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 | — | (54) | (809) |
| Other non-operating (income) expense | (1,655) | (31,185) | 42,713 |
| Income before income tax (expense) benefit | 544,865 | 570,845 | 646,989 |
| Income tax (expense) benefit | (5,240) | (4,744) | 6,208 |
| Income from continuing operations before real estate joint venture activity | 539,625 | 566,101 | 653,197 |
| Income from real estate joint venture | 1,951 | 1,730 | 1,579 |
| Net income | 541,576 | 567,831 | 654,776 |
| Net income (loss) attributable to noncontrolling interests | — | 62 | (293) |
| Net income available for MAALP unitholders | 541,576 | 567,769 | 655,069 |
| Distributions to MAALP preferred unitholders | 3,688 | 3,688 | 3,688 |
| Net income available for MAALP common unitholders | $537,888 | $564,081 | $651,381 |
| Earnings per common unit - basic: | |||
| Net income available for MAALP common unitholders | $4.49 | $4.71 | $5.49 |
| Earnings per common unit - diluted: | |||
| Net income available for MAALP common unitholders | $4.49 | $4.71 | $5.48 |
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