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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Operating revenues:        
Rental revenues $ 125,522 $ 113,015 $ 366,191 $ 323,223
Other property revenues 10,772 9,966 31,596 29,084
Total property revenues 136,294 122,981 397,787 352,307
Management fee income 146 209 465 687
Total operating revenues 136,440 123,190 398,252 352,994
Property operating expenses:        
Personnel 15,085 14,156 43,791 40,966
Building repairs and maintenance 4,595 4,292 11,661 11,543
Real estate taxes and insurance 16,811 14,167 48,395 41,085
Utilities 7,580 7,381 21,108 19,678
Landscaping 2,922 2,640 8,677 7,864
Other operating 9,160 8,653 26,758 24,928
Depreciation and amortization 33,000 30,979 97,883 89,701
Total property operating expenses 89,153 82,268 258,273 235,765
Acquisition (credit) expenses 0 1,343 499 1,574
Property management expenses 5,193 5,460 15,970 16,484
General and administrative expenses 3,976 3,527 10,604 10,436
Merger Related Expenses 5,561 0 11,298 0
Business Combination, Integration Related Costs 35 0 35 0
Income from continuing operations before non-operating items 32,522 30,592 101,573 88,735
Interest and other non-property income 16 89 86 343
Interest expense (14,941) (14,530) (45,715) (42,428)
Gain on debt extinguishment (218) 0 (387) 5
Amortization of deferred financing costs (820) (971) (2,427) (2,611)
Net casualty loss and other settlement proceeds 0 (22) 455 (24)
Income from continuing operations before loss from real estate joint ventures 16,559 15,206 53,585 44,065
Loss from real estate joint ventures 60 (72) 161 (170)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 16,619 15,134 53,746 43,895
Discontinued operations:        
(Loss) income from discontinued operations before gain on sale 650 753 3,439 4,206
Net casualty loss on insurance and other settlement proceeds on discontinued operations (1) 99 (5) 43
Gain on sale of discontinued operations 28,788 16,092 71,909 38,474
Consolidated net income 46,056 32,078 129,089 86,618
Net income attributable to noncontrolling interests 1,772 1,212 4,536 3,702
Net income attributable to MAA 44,284 30,866 124,553 82,916
Net income available for common shareholders 44,284 30,866 124,553 82,916
Earnings per common share - basic:        
Income from continuing operations available for common shareholders $ 0.38 $ 0.35 $ 1.22 $ 1.03
Discontinued property operations $ 0.66 $ 0.39 $ 1.70 $ 1.01
Net income available for common shareholders $ 1.04 $ 0.74 $ 2.92 $ 2.04
Earnings per share - diluted:        
Income from continuing operations available for common shareholders $ 0.38 $ 0.35 $ 1.21 $ 1.03
Discontinued property operations $ 0.66 $ 0.39 $ 1.70 $ 1.00
Net income available for common shareholders $ 1.04 $ 0.74 $ 2.91 $ 2.03
Dividends declared per common share $ 0.6950 $ 0.6600 $ 2.0850 $ 1.98
Loss on sale of non-depreciable assets $ 0 $ 48 $ 0 $ 45