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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating revenues:        
Rental revenues $ 113,783 $ 97,996 $ 222,111 $ 192,517
Other property revenues 9,930 8,942 19,506 17,761
Total property revenues 123,713 106,938 241,617 210,278
Management fee income 209 263 478 486
Total operating revenues 123,922 107,201 242,095 210,764
Property operating expenses:        
Personnel 14,322 13,134 28,634 25,783
Building repairs and maintenance 4,014 3,619 7,864 6,798
Real estate taxes and insurance 14,420 12,182 28,151 24,214
Utilities 6,933 6,148 13,162 12,031
Landscaping 2,760 2,634 5,639 5,238
Other operating 8,459 8,005 16,630 15,319
Depreciation and amortization 31,549 27,280 61,821 54,140
Total property operating expenses 82,457 73,002 161,901 143,523
Acquisition (credit) expenses 865 1,520 231 1,739
Property management expenses 5,570 5,194 11,024 10,338
General and administrative expenses 3,462 5,439 6,909 10,049
Income from continuing operations before non-operating items 31,568 22,046 62,030 45,115
Interest and other non-property income 112 114 254 459
Interest expense (14,270) (13,945) (28,486) (27,704)
Gain on debt extinguishment (15) (48) 5 (48)
Amortization of deferred financing costs (869) (707) (1,640) (1,422)
Net casualty loss and other settlement proceeds 2 (265) (2) (406)
Loss on sale of non-depreciable assets (3) 22 (3) 16
Income from continuing operations before loss from real estate joint ventures 16,525 7,217 32,158 16,010
Loss from real estate joint ventures (67) (178) (98) (423)
Income from continuing operations 16,458 7,039 32,060 15,587
Discontinued operations:        
(Loss) income from discontinued operations before gain on sale 63 641 154 1,255
Discontinued Operation, Asset Impairment 0 0 (71) 0
Net casualty loss on insurance and other settlement proceeds on discontinued operations (2) 0 (56) (7)
Gain on sale of discontinued operations 12,953 0 22,453 0
Consolidated net income 29,472 7,680 54,540 16,835
Net income attributable to noncontrolling interests 1,312 252 2,490 563
Net income attributable to MAA 28,160 7,428 52,050 16,272
Net income available for common shareholders $ 28,160 $ 7,428 $ 52,050 $ 16,272
Earnings per common share - basic:        
Income from continuing operations available for common shareholders $ 0.37 $ 0.18 $ 0.73 $ 0.41
Discontinued property operations $ 0.32 $ 0.02 $ 0.56 $ 0.04
Net income available for common shareholders $ 0.69 $ 0.20 $ 1.29 $ 0.45
Earnings per share - diluted:        
Income from continuing operations available for common shareholders $ 0.37 $ 0.18 $ 0.73 $ 0.41
Discontinued property operations $ 0.32 $ 0.02 $ 0.56 $ 0.03
Net income available for common shareholders $ 0.69 $ 0.20 $ 1.29 $ 0.44
Dividends declared per common share $ 0.6600 $ 0.6275 $ 1.3200 $ 1.2550