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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating revenues:        
Rental revenues $ 123,204 $ 108,959 $ 243,008 $ 212,518
Other property revenues 10,766 9,840 21,029 19,319
Total property revenues 133,970 118,799 264,037 231,837
Management fee income 142 209 319 478
Total operating revenues 134,112 119,008 264,356 232,315
Property operating expenses:        
Personnel 14,735 13,603 29,027 27,151
Building repairs and maintenance 3,953 3,743 7,147 7,333
Real estate taxes and insurance 16,094 13,862 31,720 27,054
Utilities 6,974 6,553 13,677 12,445
Landscaping 2,898 2,593 5,819 5,295
Other operating 9,098 8,370 17,759 16,424
Depreciation and amortization 32,730 30,246 65,406 59,228
Total property operating expenses 86,482 78,970 170,555 154,930
Acquisition (credit) expenses 489 865 499 231
Property management expenses 5,446 5,570 10,777 11,024
General and administrative expenses 3,389 3,462 6,628 6,909
Merger Related Expenses 5,737 0 5,737 0
Income from continuing operations before non-operating items 32,569 30,141 70,160 59,221
Interest and other non-property income 23 112 70 254
Interest expense (15,271) (14,073) (30,906) (28,058)
Gain on debt extinguishment 0 (15) (169) 5
Amortization of deferred financing costs (803) (869) (1,607) (1,640)
Net casualty loss and other settlement proceeds 439 2 455 (2)
Income from continuing operations before loss from real estate joint ventures 16,957 15,295 38,003 29,777
Loss from real estate joint ventures 47 (67) 101 (98)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 17,004 15,228 38,104 29,679
Discontinued operations:        
(Loss) income from discontinued operations before gain on sale 907 1,293 1,812 2,535
Net casualty loss on insurance and other settlement proceeds on discontinued operations (4) (2) (4) (56)
Gain on sale of discontinued operations 43,121 12,953 43,121 22,382
Consolidated net income 61,028 29,472 83,033 54,540
Net income attributable to noncontrolling interests 1,939 1,312 2,764 2,490
Net income attributable to MAA 59,089 28,160 80,269 52,050
Net income available for common shareholders 59,089 28,160 80,269 52,050
Earnings per common share - basic:        
Income from continuing operations available for common shareholders $ 0.38 $ 0.36 $ 0.86 $ 0.70
Discontinued property operations $ 1.00 $ 0.33 $ 1.02 $ 0.59
Net income available for common shareholders $ 1.38 $ 0.69 $ 1.88 $ 1.29
Earnings per share - diluted:        
Income from continuing operations available for common shareholders $ 0.38 $ 0.36 $ 0.86 $ 0.70
Discontinued property operations $ 0.99 $ 0.33 $ 1.01 $ 0.59
Net income available for common shareholders $ 1.37 $ 0.69 $ 1.87 $ 1.29
Dividends declared per common share $ 0.6950 $ 0.6600 $ 1.39 $ 1.32
Loss on sale of non-depreciable assets $ 0 $ (3) $ 0 $ (3)