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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Real estate assets:    
Land $ 389,839 $ 386,670
Buildings and improvements 3,223,326 3,170,413
Furniture, fixtures and equipment 101,214 98,044
Capital improvements in progress 51,625 52,455
Real Estate Investment Property, at Cost, Total 3,766,004 3,707,582
Less accumulated depreciation (1,059,563) (1,027,618)
Real Estate Investment Property, Net, Total 2,706,441 2,679,964
Land held for future development 1,205 1,205
Commercial properties, net 7,875 8,065
Investments in real estate joint ventures 749 4,837
Real estate assets, net 2,716,270 2,694,071
Cash and cash equivalents 8,224 9,075
Restricted cash 649 808
Deferred financing costs, net 12,989 13,842
Other assets 32,770 29,166
Goodwill 4,106 4,106
Total assets 2,775,008 2,751,068
Liabilities:    
Secured notes payable 1,114,253 1,190,848
Unsecured notes payable 577,000 483,000
Accounts payable 5,672 4,586
Fair market value of interest rate swaps 17,313 21,423
Accrued expenses and other liabilities 86,436 94,719
Security deposits 6,830 6,669
Total liabilities 1,807,504 1,801,245
Redeemable stock 5,191 4,713
Shareholders' equity:    
Common stock, $0.01 par value per share, 50,000,000 shares authorized; 40,940,360 and 38,959,338 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively 426 422
Additional paid-in capital 1,565,755 1,542,999
Accumulated distributions in excess of net income (612,128) (603,315)
Accumulated other comprehensive losses (21,869) (26,054)
Total MAA shareholders' equity 932,184 914,052
Noncontrolling interest 30,129 31,058
Total equity 962,313 945,110
Total liabilities and equity $ 2,775,008 $ 2,751,068