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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating revenues:      
Rental revenues $ 456,202 $ 393,142 $ 348,522
Other property revenues 40,064 36,647 30,936
Total property revenues 496,266 429,789 379,458
Management fee income 899 1,017 680 [1]
Total operating revenues 497,165 430,806 380,138
Property operating expenses:      
Personnel 57,190 51,679 47,816
Building repairs and maintenance 15,957 14,656 13,760
Real estate taxes and insurance 56,907 48,769 43,220
Utilities 27,248 25,188 22,571
Landscaping 11,163 10,328 9,558
Other operating 34,861 31,957 26,663
Depreciation and amortization 126,136 110,870 98,384 [1]
Total property operating expenses 329,462 293,447 261,972
Acquisition expenses 1,581 3,319 2,512 [1]
Property management expenses 22,084 20,700 18,035 [1]
General and administrative expenses 13,762 18,123 12,354 [1]
Income from continuing operations before non-operating items 130,276 95,217 85,265
Interest and other non-property income 430 802 903 [1]
Interest expense (58,751) (57,415) (54,632) [1]
Loss on debt extinguishment/modification (654) (755) 0 [1]
Amortization of deferred financing costs (3,552) (2,902) (2,627) [1]
Net casualty (loss) gain after insurance and other settlement proceeds (6) (619) 314 [1]
Gain on sale of non-depreciable assets 45 1,084 0 [1]
Gain on properties acquired from joint ventures 0 0 752 [1]
Income from continuing operations before loss from real estate joint ventures 67,788 35,412 29,975
Loss from real estate joint ventures (223) (593) (1,149) [1]
Income from continuing operations 67,565 34,819 28,826
Discontinued operations:      
Income from discontinued operations before gain (loss) on sale 577 3,625 2,051
Net casualty loss on insurance and other settlement proceeds on discontinued operations 48 (12) 0
Gain (loss) on sale of discontinued operations 41,635 12,799 (2)
Consolidated net income 109,825 51,231 30,875
Net income attributable to noncontrolling interests 4,602 2,410 1,114 [1]
Net income attributable to MAA 105,223 48,821 29,761 [1]
Preferred dividend distributions 0 0 6,549
Premiums and original issuance costs associated with the redemption of preferred stock 0 0 5,149
Net income available for MAA common shareholders $ 105,223 $ 48,821 $ 18,063
Earnings per common share - basic:      
Income from continuing operations available for common shareholders (dollars per share) $ 1.58 $ 0.90 $ 0.50
Discontinued property operations (dollars per share) $ 0.98 $ 0.42 $ 0.07
Net income available for common shareholders (dollars per share) $ 2.56 $ 1.32 $ 0.57
Earnings per share - diluted:      
Income from continuing operations available for common shareholders (dollars per share) $ 1.57 $ 0.89 $ 0.49
Discontinued property operations (dollars per share) $ 0.99 $ 0.42 $ 0.07
Net income available for common shareholders (dollars per share) $ 2.56 $ 1.31 $ 0.56
Dividends declared per common share (dollars per share) $ 2.675 $ 2.5425 $ 2.4725
[1] The 2010 column shows the segment break down based on the 2011 same store portfolios. A comparison using the 2012 same store portfolio would not be comparative due to the nature of the classifications.