2012 Q4 Form 10-Q Financial Statement

#000090634512000024 Filed on November 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $183.8M $179.7M $157.7M
YoY Change 15.68% 13.91% 6.86%
Cost Of Revenue $70.40M $74.80M $72.00M
YoY Change 24.6% 3.89% 8.76%
Gross Profit $107.2M $106.9M $92.20M
YoY Change 28.85% 15.94% 13.27%
Gross Profit Margin 58.32% 59.5% 58.46%
Selling, General & Admin $9.800M $9.300M $8.600M
YoY Change 7.69% 8.14% 13.16%
% of Gross Profit 9.14% 8.7% 9.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $53.50M $52.80M $44.50M
YoY Change 18.63% 18.65% 2.53%
% of Gross Profit 49.91% 49.39% 48.26%
Operating Expenses $56.00M $55.70M $50.60M
YoY Change 25.0% 10.08% 5.86%
Operating Profit $51.20M $51.20M $41.60M
YoY Change 33.33% 23.08% 23.81%
Interest Expense -$10.80M $25.87M $27.35M
YoY Change -49.06% -5.44% -186.84%
% of Operating Profit -21.09% 50.52% 65.75%
Other Income/Expense, Net
YoY Change
Pretax Income $57.60M $28.17M $13.57M
YoY Change 232.95% 107.67% 578.3%
Income Tax $200.0K $300.0K $300.0K
% Of Pretax Income 0.35% 1.06% 2.21%
Net Earnings $142.2M $30.70M $11.84M
YoY Change 203.45% 159.32% 596.47%
Net Earnings / Revenue 77.35% 17.09% 7.51%
Basic Earnings Per Share $1.63 $0.36 $0.16
Diluted Earnings Per Share $1.60 $0.35 $0.16
COMMON SHARES
Basic Shares Outstanding 84.12M shares 85.63M shares 73.24M shares
Diluted Shares Outstanding 86.29M shares 74.27M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.70M $5.600M $56.10M
YoY Change -51.63% -90.02% -38.42%
Cash & Equivalents $26.67M $5.590M $56.10M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $33.60M $28.90M $31.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $60.30M $34.50M $87.50M
YoY Change -30.05% -60.57% -29.09%
LONG-TERM ASSETS
Property, Plant & Equipment $5.155B $5.027B $4.377B
YoY Change 17.51% 14.86% 1.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $45.10M $46.60M $37.00M
YoY Change 0.67% 25.95% 11.45%
Other Assets $36.50M $13.10M $22.20M
YoY Change 13.0% -40.99% -25.5%
Total Long-Term Assets $5.325B $5.183B $4.507B
YoY Change 17.39% 15.01% 0.53%
TOTAL ASSETS
Total Short-Term Assets $60.30M $34.50M $87.50M
Total Long-Term Assets $5.325B $5.183B $4.507B
Total Assets $5.385B $5.218B $4.595B
YoY Change 16.51% 13.57% -0.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $101.9M $118.9M $97.60M
YoY Change 8.75% 21.82% 18.16%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $180.3M $212.6M $174.6M
YoY Change 16.4% 21.76% 10.86%
LONG-TERM LIABILITIES
Long-Term Debt $2.511B $2.394B $2.433B
YoY Change 3.22% -1.62% -4.29%
Other Long-Term Liabilities $67.70M $78.60M $111.0M
YoY Change -38.06% -29.19% -22.97%
Total Long-Term Liabilities $2.578B $2.472B $2.544B
YoY Change 1.45% -2.82% -5.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $180.3M $212.6M $174.6M
Total Long-Term Liabilities $2.578B $2.472B $2.544B
Total Liabilities $2.758B $2.685B $2.886B
YoY Change 2.3% -6.95% -4.29%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.588B $3.581B
YoY Change 23.66%
Preferred Stock
YoY Change
Treasury Stock (at cost) $425.4M $425.8M
YoY Change -5.9%
Treasury Stock Shares 11.77M shares 11.78M shares
Shareholders Equity $2.563B $2.463B $1.709B
YoY Change
Total Liabilities & Shareholders Equity $5.385B $5.218B $4.595B
YoY Change 16.51% 13.57% -0.26%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $142.2M $30.70M $11.84M
YoY Change 203.45% 159.32% 596.47%
Depreciation, Depletion And Amortization $53.50M $52.80M $44.50M
YoY Change 18.63% 18.65% 2.53%
Cash From Operating Activities $74.30M $109.1M $86.00M
YoY Change 68.86% 26.86% 9.55%
INVESTING ACTIVITIES
Capital Expenditures -$248.1M -$195.8M -$87.50M
YoY Change 241.27% 123.77% 446.88%
Acquisitions
YoY Change
Other Investing Activities $178.9M -$1.700M -$1.200M
YoY Change 467.94% 41.67% -78.57%
Cash From Investing Activities -$69.30M -$197.4M -$88.70M
YoY Change 68.2% 122.55% 308.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.00M 41.80M -4.400M
YoY Change -521.05% -1050.0% -95.31%
NET CHANGE
Cash From Operating Activities 74.30M 109.1M 86.00M
Cash From Investing Activities -69.30M -197.4M -88.70M
Cash From Financing Activities 16.00M 41.80M -4.400M
Net Change In Cash 21.00M -46.50M -7.100M
YoY Change -2200.0% 554.93% -80.86%
FREE CASH FLOW
Cash From Operating Activities $74.30M $109.1M $86.00M
Capital Expenditures -$248.1M -$195.8M -$87.50M
Free Cash Flow $322.4M $304.9M $173.5M
YoY Change 176.26% 75.73% 83.6%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements.</font><font style="font-family:inherit;font-size:10pt;"> In May 2011, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update 2011-04 (&#8220;ASU 2011-04&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Fair Value Measurement (Topic 820), Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS.&#8221;</font><font style="font-family:inherit;font-size:10pt;"> ASU 2011-04 requires entities to separately disclose the amounts and reasons for any transfers of assets and liabilities into and out of Level 1 and Level 2 of the fair value hierarchy. For fair value measurements using significant unobservable inputs (Level 3), entities are required to disclose quantitative information about the significant unobservable inputs used for all Level 3 measurements and a description of the valuation processes in determining fair value. In addition, ASU 2011-04 requires entities to provide a qualitative discussion about the sensitivity of recurring Level 3 measurements to changes in the unobservable inputs disclosed, including the interrelationship between inputs. Entities are also required to disclose information about when the current use of a non-financial asset measured at fair value differs from its highest and best use and the hierarchy classification for items whose fair value is not recorded in the balance sheet but is disclosed in the notes. We did not have any changes to our existing classification and measurement of fair value upon adoption on January 1, 2012. Refer to Note 14, "Fair Value Disclosures" and the fair value discussion above for additional disclosures resulting from the adoption of this standard.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the FASB issued Accounting Standards Update 2011-05 (&#8220;ASU 2011-05&#8221;), &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of Comprehensive Income</font><font style="font-family:inherit;font-size:10pt;">.&#8221; ASU 2011-05 requires all nonowner changes in stockholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. Subsequent to the issuance of ASU 2011-05, the FASB issued Accounting Standards Update 2011-12 (&#8220;ASU 2011-12&#8221;), &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU 2011-05</font><font style="font-family:inherit;font-size:10pt;">&#8221; which indefinitely defers the ASU 2011-05 requirement for an entity to present reclassification adjustments on the face of the financial statements from other comprehensive income to net income. We adopted ASU 2011-05 and ASU 2011-12 on January 1, 2012, and these adoptions did not have a material effect on our financial statements.</font></div></div>
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300000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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1100000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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900000 USD
CY2012Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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400000 USD
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3064000 USD
us-gaap Equity Method Investment Dividends Or Distributions
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3673000 USD
CY2011Q4 us-gaap Equity Method Investment Ownership Percentage
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0.20
CY2012Q3 us-gaap Equity Method Investment Ownership Percentage
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0.25
us-gaap Equity Method Investment Realized Gain Loss On Disposal
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0 USD
CY2012Q3 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
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1136000 USD
CY2011Q3 us-gaap Equity Method Investment Realized Gain Loss On Disposal
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CY2011Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
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CY2012Q3 us-gaap Equity Method Investment Summarized Financial Information Assets
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CY2012Q3 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
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188700000 USD
CY2011Q4 us-gaap Equity Method Investment Summarized Financial Information Equity Or Capital
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261600000 USD
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CY2012Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities
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us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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CY2011Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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us-gaap Equity Method Investment Summarized Financial Information Revenue
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99100000 USD
CY2012Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
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37500000 USD
CY2011Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
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40400000 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
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111600000 USD
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3300000 USD
CY2011Q3 us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
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0 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
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0 USD
us-gaap Gain Loss On Sale Of Investments
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0 USD
us-gaap Gain Loss On Sale Of Investments
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4301000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
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4748000 USD
CY2011Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
CY2012Q3 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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29000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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670000 USD
CY2012Q3 us-gaap General And Administrative Expense
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CY2011Q3 us-gaap General And Administrative Expense
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8572000 USD
us-gaap General And Administrative Expense
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26392000 USD
us-gaap General And Administrative Expense
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27712000 USD
CY2012Q3 us-gaap Guarantee Obligations Maximum Exposure
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0 USD
us-gaap Income Loss From Continuing Operations
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108091000 USD
us-gaap Income Loss From Continuing Operations
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CY2011Q3 us-gaap Income Loss From Continuing Operations
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10751000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
30360000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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13566000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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31794000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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8590000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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114943000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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6701000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
31460000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
113951000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.14
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.14
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.27
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
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CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.35
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
1098000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
3196000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
343000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
33803000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
9000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
33133000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
3167000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1089000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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-166000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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343000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.40
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.04
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.02
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.04
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.39
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
CY2011Q3 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-556000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
3688000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
4686000 USD
us-gaap Income Taxes Paid
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1903000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
1548000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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11343000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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11759000 USD
us-gaap Increase Decrease In Accounts Receivable Related Parties
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us-gaap Increase Decrease In Accounts Receivable Related Parties
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-500000 USD
us-gaap Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
0 USD
us-gaap Increase Decrease In Notes Receivable Related Parties
IncreaseDecreaseInNotesReceivableRelatedParties
-3279000 USD
us-gaap Increase Decrease In Operating Capital
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-7501000 USD
us-gaap Increase Decrease In Operating Capital
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-16707000 USD
us-gaap Increase Decrease In Other Operating Assets
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-3046000 USD
us-gaap Increase Decrease In Other Operating Assets
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8765000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-599000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-401000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-13131000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-16322000 USD
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
20230000 USD
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
15048000 USD
CY2011Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
239000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
1116000 shares
CY2012Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
0 shares
us-gaap Interest And Other Income
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4749000 USD
CY2011Q3 us-gaap Interest And Other Income
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CY2012Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
3000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
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CY2011Q3 us-gaap Interest Costs Capitalized
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2500000 USD
CY2012Q3 us-gaap Interest Costs Capitalized
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3100000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
9400000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
6100000 USD
us-gaap Interest Expense
InterestExpense
78795000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
25865000 USD
us-gaap Interest Expense
InterestExpense
85472000 USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
27354000 USD
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us-gaap Interest Paid Net
InterestPaidNet
61120000 USD
CY2012Q3 us-gaap Investment Building And Building Improvements
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CY2011Q4 us-gaap Investment Building And Building Improvements
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CY2012Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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46566000 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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44844000 USD
CY2011Q4 us-gaap Land
Land
768016000 USD
CY2012Q3 us-gaap Land
Land
929289000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2100000 USD
CY2012Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
700000 USD
us-gaap Lease And Rental Expense
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1900000 USD
CY2011Q3 us-gaap Lease And Rental Expense
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700000 USD
CY2011Q4 us-gaap Liabilities
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2696382000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
2684852000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5217960000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
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4622075000 USD
us-gaap Liabilities Assumed1
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0 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
6640000 USD
CY2012Q3 us-gaap Long Term Debt
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us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
0 USD
CY2011Q3 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
0 USD
us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
29791000 USD
CY2012Q3 us-gaap Loss On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
LossOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
0 USD
us-gaap Management Fees Revenue
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6955000 USD
CY2012Q3 us-gaap Management Fees Revenue
ManagementFeesRevenue
3041000 USD
CY2011Q3 us-gaap Management Fees Revenue
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2646000 USD
us-gaap Management Fees Revenue
ManagementFeesRevenue
9572000 USD
CY2012Q3 us-gaap Minority Interest
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70272000 USD
CY2011Q4 us-gaap Minority Interest
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69051000 USD
us-gaap Minority Interest Decrease From Redemptions
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2411000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
139837000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1. Description of Business</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business</font><font style="font-family:inherit;font-size:10pt;">. Formed on May&#160;25, 1993, Camden Property Trust, a Texas real estate investment trust (&#8220;REIT&#8221;), is primarily engaged in the ownership, management, development, acquisition, and construction of multifamily apartment communities. Our multifamily apartment communities are referred to as &#8220;communities,&#8221; &#8220;multifamily communities,&#8221; &#8220;properties,&#8221; or &#8220;multifamily properties&#8221; in the following discussion. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;">, we owned interests in, operated, or were developing </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">209</font><font style="font-family:inherit;font-size:10pt;"> multifamily properties comprising </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">70,871</font><font style="font-family:inherit;font-size:10pt;"> apartment homes across the United States. Of the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">209</font><font style="font-family:inherit;font-size:10pt;"> properties, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> properties were under development, and when completed will consist of a total of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2,040</font><font style="font-family:inherit;font-size:10pt;"> apartment homes. In addition, we own land parcels we may develop into multifamily apartment communities in the future.</font></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
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-169099000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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158879000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-146174000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-458443000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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249995000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
200797000 USD
us-gaap Net Income Loss
NetIncomeLoss
141224000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
11840000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
30703000 USD
us-gaap Net Income Loss
NetIncomeLoss
2529000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3009000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1100000 USD
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
752000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2089000 USD
CY2011Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
1750000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
5250000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
776000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30415000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
11694000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
30415000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
141004000 USD
CY2012Q3 us-gaap Notes Payable
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2393700000 USD
CY2011Q4 us-gaap Notes Payable
NotesPayable
2432100000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due Current
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2500000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
400000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1500000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2400000 USD
CY2012Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
900000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
412794000 USD
CY2011Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
140332000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
477501000 USD
CY2012Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
166179000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
88089000 USD
CY2012Q3 us-gaap Other Assets
OtherAssets
96401000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
23000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
33659000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
39660000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
0 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
108000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2692000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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0 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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0 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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us-gaap Payments To Acquire Real Estate
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us-gaap Payments To Develop Real Estate Assets
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155077000 USD
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us-gaap Proceeds From Divestiture Of Interest In Joint Venture
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18912000 USD
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us-gaap Proceeds From Lines Of Credit
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79000000 USD
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0 USD
us-gaap Proceeds From Notes Payable
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495705000 USD
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1754000 USD
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1706000 USD
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0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
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4510000 USD
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26600000 USD
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54400000 USD
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54125000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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19095000 USD
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11267000 USD
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12575000 USD
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14351000 USD
us-gaap Profit Loss
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us-gaap Profit Loss
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31803000 USD
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31943 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
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18900000 USD
us-gaap Real Estate Tax Expense
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us-gaap Real Estate Tax Expense
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us-gaap Repayments Of Lines Of Credit
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45000000 USD
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626432000 USD
us-gaap Repayments Of Notes Payable
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345592000 USD
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31500000 USD
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6742000 USD
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5076000 USD
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490824 shares
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274119 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
345180 shares
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63.50
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876477 shares
CY2011Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
818754 shares
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
52.77
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
46.88
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57723 shares
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48.71
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us-gaap Share Based Compensation
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13338 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
51.52
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40.74
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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60.56
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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0.00
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561164 shares
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1339536 shares
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848712 shares
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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us-gaap Stock Issued During Period Value Stock Options Exercised
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100000000 USD
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CY2011Q4 us-gaap Stockholders Equity
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CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2533108000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1827768000 USD
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1757373000 USD
CY2012Q1 us-gaap Temporary Equity Redemption Price Per Share
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25.00
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us-gaap Transfer Mortgage Payable
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CY2012Q3 us-gaap Treasury Stock Shares
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11782000 shares
CY2011Q4 us-gaap Treasury Stock Shares
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CY2011Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
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154000 USD
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288000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
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1387000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
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118000 USD
CY2012Q3 us-gaap Unrecognized Tax Benefits
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84694000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86293000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74274000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73242000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82923000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72502000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85631000 shares
cpt Accrual Associated With Construction And Capital Expenditures
AccrualAssociatedWithConstructionAndCapitalExpenditures
12557000 USD
cpt Accrual Associated With Construction And Capital Expenditures
AccrualAssociatedWithConstructionAndCapitalExpenditures
14428000 USD
CY2012Q4 cpt Acres Of Land Acquired
AcresOfLandAcquired
2.4 acre
CY2012Q3 cpt Acres Of Land Acquired
AcresOfLandAcquired
12.0 acre
CY2012Q2 cpt Acres Of Land Acquired
AcresOfLandAcquired
4.7 acre
cpt Amount Payable For Purchase Of Noncontrolling Interest
AmountPayableForPurchaseOfNoncontrollingInterest
10241000 USD
cpt Amount Payable For Purchase Of Noncontrolling Interest
AmountPayableForPurchaseOfNoncontrollingInterest
0 USD
CY2012Q3 cpt Amount Payable For Purchase Of Noncontrolling Interest
AmountPayableForPurchaseOfNoncontrollingInterest
10200000 USD
cpt Annual Dividend Distribution Percentage To Shareholders To Qualify As Real Estate Investment Trust
AnnualDividendDistributionPercentageToShareholdersToQualifyAsRealEstateInvestmentTrust
0.90
CY2012Q3 cpt Anticipated Expenditures Relating To Completion Of Construction Type Contracts
AnticipatedExpendituresRelatingToCompletionOfConstructionTypeContracts
178000000 USD
cpt Basis Of Presentation Summary Of Significant Accounting Policies And Recent Accounting Pronouncements
BasisOfPresentationSummaryOfSignificantAccountingPoliciesAndRecentAccountingPronouncements
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2. Summary of Significant Accounting Policies and Recent Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Principles of Consolidation</font><font style="font-family:inherit;font-size:10pt;">. Our condensed consolidated financial statements include our accounts and the accounts of other subsidiaries and joint ventures (including partnerships and limited liability companies) over which we have control. All intercompany transactions, balances, and profits have been eliminated in consolidation. Investments acquired or created are continuously evaluated based on the accounting guidance relating to variable interest entities (&#8220;VIEs&#8221;), which requires the consolidation of VIEs in which we are considered to be the primary beneficiary. If the investment is determined not to be a VIE, then the investment is evaluated for consolidation (primarily using a voting interest model) under the remaining consolidation guidance relating to real estate entities. If we are the general partner of a limited partnership, or manager of a limited liability company, we also consider the consolidation guidance relating to the rights of limited partners (non-managing members) to assess whether any rights held by the limited partners overcome the presumption of control by us.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interim Financial Reporting</font><font style="font-family:inherit;font-size:10pt;">. We have prepared these financial statements in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for interim financial statements and the applicable rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;). Accordingly, these statements do not include all information and footnote disclosures required for annual statements. While we believe the disclosures presented are adequate for interim reporting, these interim financial statements should be read in conjunction with the audited financial statements and notes included in our </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;"> Annual Report on Form 10-K. In the opinion of management, all adjustments and eliminations, consisting of normal recurring adjustments, necessary for a fair representation of our financial statements for the interim period reported have been included. Operating results for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results which may be expected for the full year.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Allocations of Purchase Price.</font><font style="font-family:inherit;font-size:10pt;"> Upon acquisition of real estate, we allocate the fair value between tangible and intangible assets, which includes land, buildings (as-if-vacant), furniture and fixtures, the value of in-place leases, including above and below market leases, and acquired liabilities. In allocating these values we apply methods similar to those used by independent appraisers of income-producing property. Upon the acquisition of a controlling interest of an investment in an unconsolidated joint venture, such joint venture is consolidated and our initial equity investment is remeasured to fair value at the date the controlling interest is acquired; any differences between the carrying value and the fair value of the previously held equity investment is recognized in earnings at the time of obtaining control. Transaction costs associated with the acquisition of operating real estate assets are expensed. Depreciation is computed on a straight-line basis over the remaining useful lives of the related tangible assets. The value of in-place leases and above or below market leases is amortized over the estimated average remaining life of leases in place at the time of acquisition. The unamortized value of in-place leases at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;"> was approximately </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">$3.3 million</font><font style="font-family:inherit;font-size:10pt;"> and is included in other assets, net, in our condensed consolidated balance sheet. The unamortized value of above or below market leases at </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> and is included in other liabilities in our condensed consolidated balance sheet. Estimates of fair value of acquired debt are based upon interest rates available for the issuance of debt with similar terms and remaining maturities.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Asset Impairment</font><font style="font-family:inherit;font-size:10pt;">. Long-lived assets are reviewed for impairment annually or whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Impairment exists if estimated future undiscounted cash flows associated with long-lived assets are not sufficient to recover the carrying value of such assets. We consider projected future discounted and undiscounted cash flows, trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment conditions exist. When impairment exists, the long-lived asset is adjusted to its fair value. While we believe our estimates of future cash flows are reasonable, different assumptions regarding a number of factors, including market rents, economic conditions, and occupancies, could significantly affect these estimates. In estimating fair value, management uses appraisals, management estimates, and discounted cash flow calculations which maximize inputs from a marketplace participant&#8217;s perspective. In addition, we evaluate our equity investments in joint ventures and if we believe there is an other than temporary decline in market value of our investment below our carrying value, we will record an impairment charge.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The value of our properties under development depends on market conditions, including estimates of the project start date as well as estimates of demand for multifamily communities. We have reviewed market trends and other marketplace information and have incorporated this information as well as our current outlook into the assumptions we use in our impairment analyses. Due to the judgment and assumptions applied in the impairment analyses, it is possible actual results could differ substantially from those estimated.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We believe the carrying value of our operating real estate assets, properties under development, and land is currently recoverable. However, if market conditions deteriorate or if changes in our development strategy significantly affect any key assumptions used in our fair value estimates, we may need to take material charges in future periods for impairments related to existing assets. Any such material non-cash charges could have an adverse effect on our consolidated financial position and results of operations.</font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cost Capitalization</font><font style="font-family:inherit;font-size:10pt;">. Real estate assets are carried at cost plus capitalized carrying charges. Carrying charges are primarily interest and real estate taxes which are capitalized as part of properties under development. Capitalized interest is generally based on the weighted average interest rate of our unsecured debt. Expenditures directly related to the development and improvement of real estate assets are capitalized at cost as land and buildings and improvements. Indirect development costs, including salaries and benefits and other related costs directly attributable to the development of properties, are also capitalized. We begin capitalizing development, construction, and carrying costs when the development of the future real estate asset is probable and activities necessary to get the underlying real estate asset ready for its intended use have been initiated. All construction and carrying costs are capitalized and reported in the balance sheet as properties under development until the apartment homes are substantially completed. Upon substantial completion of the apartment homes, the total capitalized development cost for the apartment homes and the associated land is transferred to buildings and improvements and land, respectively.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As discussed above, carrying charges are principally interest and real estate taxes capitalized as part of properties under development. Capitalized interest was approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3.1 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$9.4 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;">, respectively, and approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.5 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$6.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2011</font><font style="font-family:inherit;font-size:10pt;">, respectively. Capitalized real estate taxes were approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$2.1 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;">, respectively, and approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$1.0 million</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2011</font><font style="font-family:inherit;font-size:10pt;">, respectively.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Where possible, we stage our construction to allow leasing and occupancy during the construction period, which we believe minimizes the duration of the lease-up period following completion of construction. Our accounting policy related to properties in the development and leasing phase is to expense all operating expenses associated with completed apartment homes. We capitalize renovation and improvement costs we believe extend the economic lives of depreciable property. Capital expenditures subsequent to initial construction are capitalized and depreciated over their estimated useful lives.</font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Depreciation and amortization is computed over the expected useful lives of depreciable property on a straight-line basis with lives generally as follows:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2" rowspan="1"></td></tr><tr><td width="79%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated<br clear="none"/>Useful Life</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Buildings and improvements</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5-35 years</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Furniture, fixtures, equipment, and other</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3-20 years</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Intangible assets (in-place leases and above and below market leases)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">underlying&#160;lease&#160;term</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Discontinued Operations.</font><font style="font-family:inherit;font-size:10pt;"> A property is classified as a discontinued operation when (i) the operations and cash flows of the property can be clearly distinguished and have been or will be eliminated from our ongoing operations; (ii) the property has either been disposed of or is classified as held for sale; and (iii) we will not have any significant continuing involvement in the operations of the property after the disposal transactions. Significant judgments are involved in determining whether a property meets the criteria for discontinued operations reporting and the period in which these criteria are met. A property is classified as held for sale when (i) management commits to a plan to sell and it is actively marketed; (ii) it is available for immediate sale in its present condition and the sale is expected to be completed within one year; and (iii) it is unlikely significant changes to the plan will be made or the plan will be withdrawn. </font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations for properties sold during the period or classified as held for sale at the end of the current period are classified as discontinued operations in the current and prior periods. The property-specific components of earnings classified as discontinued operations include separately identifiable property-specific revenues, expenses, depreciation, and interest expense, if any. The gain or loss resulting from the eventual disposal of the held for sale properties is also classified within discontinued operations. Real estate assets held for sale are measured at the lower of carrying amount or fair value less costs to sell and are presented separately in the accompanying consolidated balance sheets. Subsequent to classification of a property as held for sale, no further depreciation is recorded. Properties sold by our unconsolidated entities are not included in discontinued operations and related gains or losses are reported as a component of equity in income (loss) of joint ventures. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Gains on sale of real estate are recognized using the full accrual or partial sale methods, as applicable, in accordance with GAAP, provided various criteria relating to the terms of sale and any subsequent involvement with the real estate sold are satisfied.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value</font><font style="font-family:inherit;font-size:10pt;">. For financial assets and liabilities recorded at fair value on a recurring or nonrecurring basis, fair value is the price we would receive to sell an asset, or pay to transfer a liability, in an orderly transaction with a market participant at the measurement date. In the absence of such data, fair value is estimated using internal information consistent with what market participants would use in a hypothetical transaction.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In determining fair value, observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions; preference is given to observable inputs. These two types of inputs create the following fair value hierarchy:</font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 1:&#160;&#160;&#160;&#160;Quoted prices for identical instruments in active markets.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;padding-left:48px;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;text-indent:-48px;"><font style="font-family:inherit;font-size:10pt;">Level 2:&#160;&#160;&#160;&#160;Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:96px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:72px;"><font style="font-family:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 3: Significant inputs to the valuation model are unobservable.</font></div></td></tr></table><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recurring Fair Value Disclosures. </font><font style="font-family:inherit;font-size:10pt;">The following describes the valuation methodologies we use to measure different financial instruments at fair value on a recurring basis: </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:96px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferred Compensation Plan Investments.</font><font style="font-family:inherit;font-size:10pt;"> The estimated fair values of investment securities classified as deferred compensation plan investments are based on quoted market prices utilizing public information for the same transactions. Our deferred compensation plan investments are recorded in other assets in our consolidated balance sheets. </font></div><div style="line-height:120%;text-align:justify;padding-left:96px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivative Financial Instruments.</font><font style="font-family:inherit;font-size:10pt;"> The estimated fair values of derivative financial instruments are valued using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and volatility. The fair values of interest rate swaps and caps are estimated using the market standard methodology of netting the discounted fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of interest rates (forward curves) derived from observable market interest rate curves. In addition, credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, are incorporated in the fair values to account for potential nonperformance risk, including our own nonperformance risk and the respective counterparty's nonperformance risk. The fair value of interest rate caps is determined using the market standard methodology of discounting the future expected cash receipts which would occur if variable interest rates rise above the strike rate of the caps. The variable interest rates used in the calculation of projected receipts on the cap are based on an expectation of future interest rates derived from observed market interest rate curves and volatilities.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;padding-left:96px;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Although we have determined the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default. However, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, we have determined our derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instrument Fair Value Disclosures. </font><font style="font-family:inherit;font-size:10pt;">In calculating the fair value of our notes payable, interest rates and spreads reflect current creditworthiness and market conditions available for the issuance of notes payable with similar terms and remaining maturities. These financial instruments utilize Level 2 inputs. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Non-recurring Fair Value Disclosures. </font><font style="font-family:inherit;font-size:10pt;">Certain assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances. These assets primarily include long-lived assets which are recorded at fair value when they are impaired. The fair value methodologies used to measure long-lived assets are described above at &#8220;Asset Impairment.&#8221; The inputs associated with the valuation of long-lived assets are generally included in Level 3 of the fair value hierarchy. </font></div><div style="line-height:120%;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recent Accounting Pronouncements.</font><font style="font-family:inherit;font-size:10pt;"> In May 2011, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update 2011-04 (&#8220;ASU 2011-04&#8221;), </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#8220;Fair Value Measurement (Topic 820), Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS.&#8221;</font><font style="font-family:inherit;font-size:10pt;"> ASU 2011-04 requires entities to separately disclose the amounts and reasons for any transfers of assets and liabilities into and out of Level 1 and Level 2 of the fair value hierarchy. For fair value measurements using significant unobservable inputs (Level 3), entities are required to disclose quantitative information about the significant unobservable inputs used for all Level 3 measurements and a description of the valuation processes in determining fair value. In addition, ASU 2011-04 requires entities to provide a qualitative discussion about the sensitivity of recurring Level 3 measurements to changes in the unobservable inputs disclosed, including the interrelationship between inputs. Entities are also required to disclose information about when the current use of a non-financial asset measured at fair value differs from its highest and best use and the hierarchy classification for items whose fair value is not recorded in the balance sheet but is disclosed in the notes. We did not have any changes to our existing classification and measurement of fair value upon adoption on January 1, 2012. Refer to Note 14, "Fair Value Disclosures" and the fair value discussion above for additional disclosures resulting from the adoption of this standard.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:16px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the FASB issued Accounting Standards Update 2011-05 (&#8220;ASU 2011-05&#8221;), &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Presentation of Comprehensive Income</font><font style="font-family:inherit;font-size:10pt;">.&#8221; ASU 2011-05 requires all nonowner changes in stockholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. Subsequent to the issuance of ASU 2011-05, the FASB issued Accounting Standards Update 2011-12 (&#8220;ASU 2011-12&#8221;), &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in ASU 2011-05</font><font style="font-family:inherit;font-size:10pt;">&#8221; which indefinitely defers the ASU 2011-05 requirement for an entity to present reclassification adjustments on the face of the financial statements from other comprehensive income to net income. We adopted ASU 2011-05 and ASU 2011-12 on January 1, 2012, and these adoptions did not have a material effect on our financial statements.</font></div></div>
CY2012Q3 cpt Business Acquisition Purchase Price Allocation Land Acquired
BusinessAcquisitionPurchasePriceAllocationLandAcquired
134900000 USD
CY2012Q3 cpt Business Acquistion Purchase Price Allocation Restricted Cash Acquired
BusinessAcquistionPurchasePriceAllocationRestrictedCashAcquired
700000 USD
cpt Business Combination Pro Forma Information Property Expenses Since Acquisition Date Actual
BusinessCombinationProFormaInformationPropertyExpensesSinceAcquisitionDateActual
14300000 USD
cpt Capitalized Real Estate Taxes
CapitalizedRealEstateTaxes
1000000 USD
cpt Capitalized Real Estate Taxes
CapitalizedRealEstateTaxes
2100000 USD
CY2011Q3 cpt Capitalized Real Estate Taxes
CapitalizedRealEstateTaxes
400000 USD
CY2012Q3 cpt Capitalized Real Estate Taxes
CapitalizedRealEstateTaxes
700000 USD
cpt Change In Common Shareholders Equity And Net Transfers From Noncontrolling Interests
ChangeInCommonShareholdersEquityAndNetTransfersFromNoncontrollingInterests
3121000 USD
cpt Change In Common Shareholders Equity And Net Transfers From Noncontrolling Interests
ChangeInCommonShareholdersEquityAndNetTransfersFromNoncontrollingInterests
127491000 USD
CY2012Q3 cpt Closing Share Price Per Share For Calculation Of Aggregate Intrinsic Values
ClosingSharePricePerShareForCalculationOfAggregateIntrinsicValues
64.49
CY2011Q3 cpt Common Share Options And Share Awards Granted
CommonShareOptionsAndShareAwardsGranted
793000 shares
CY2012Q3 cpt Common Share Options And Share Awards Granted
CommonShareOptionsAndShareAwardsGranted
662000 shares
cpt Common Share Options And Share Awards Granted
CommonShareOptionsAndShareAwardsGranted
655000 shares
cpt Common Share Options And Share Awards Granted
CommonShareOptionsAndShareAwardsGranted
0 shares
CY2011Q4 cpt Common Shares Outstanding Including Treasury Shares
CommonSharesOutstandingIncludingTreasuryShares
84517000 shares
CY2012Q3 cpt Common Shares Outstanding Including Treasury Shares
CommonSharesOutstandingIncludingTreasuryShares
95867000 shares
CY2011Q4 cpt Common Stocks Value Outstanding
CommonStocksValueOutstanding
845000 USD
CY2012Q3 cpt Common Stocks Value Outstanding
CommonStocksValueOutstanding
959000 USD
cpt Decrease In Apic For Purchase Of Remaining Noncontrolling Ownership Interest In Consolidated Jv
DecreaseInApicForPurchaseOfRemainingNoncontrollingOwnershipInterestInConsolidatedJv
0 USD
cpt Decrease In Apic For Purchase Of Remaining Noncontrolling Ownership Interest In Consolidated Jv
DecreaseInApicForPurchaseOfRemainingNoncontrollingOwnershipInterestInConsolidatedJv
13285000 USD
cpt Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
3564000 USD
CY2011Q3 cpt Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
1191000 USD
CY2012Q3 cpt Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
221000 USD
cpt Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
844000 USD
CY2012Q3 cpt Distributions Payable
DistributionsPayable
49940000 USD
CY2011Q4 cpt Distributions Payable
DistributionsPayable
39364000 USD
cpt Income Allocated To Common Units
IncomeAllocatedToCommonUnits
1167000 USD
cpt Income Allocated To Common Units
IncomeAllocatedToCommonUnits
0 USD
cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Common Units
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToCommonUnits
-756000 USD
CY2012Q3 cpt Income Loss On Deferred Compensation Plans
IncomeLossOnDeferredCompensationPlans
-1781000 USD
CY2011Q3 cpt Income Loss On Deferred Compensation Plans
IncomeLossOnDeferredCompensationPlans
-6096000 USD
cpt Expected Useful Lives Of Intangible Assets Related To In Place Leases And Above And Below Market Leases
ExpectedUsefulLivesOfIntangibleAssetsRelatedToInPlaceLeasesAndAboveAndBelowMarketLeases
underlying lease term
cpt Expense Benefit On Deferred Compensation Plans
ExpenseBenefitOnDeferredCompensationPlans
1233000 USD
CY2011Q3 cpt Expense Benefit On Deferred Compensation Plans
ExpenseBenefitOnDeferredCompensationPlans
-6096000 USD
cpt Expense Benefit On Deferred Compensation Plans
ExpenseBenefitOnDeferredCompensationPlans
3820000 USD
CY2012Q3 cpt Expense Benefit On Deferred Compensation Plans
ExpenseBenefitOnDeferredCompensationPlans
-1781000 USD
CY2012Q3 cpt Extended Maturity Period Of Secured Third Party Note Payable
ExtendedMaturityPeriodOfSecuredThirdPartyNotePayable
August 2013
cpt Fees Earned For Property And Asset Management Construction Development And Other Services To Joint Ventures
FeesEarnedForPropertyAndAssetManagementConstructionDevelopmentAndOtherServicesToJointVentures
8800000 USD
cpt Fees Earned For Property And Asset Management Construction Development And Other Services To Joint Ventures
FeesEarnedForPropertyAndAssetManagementConstructionDevelopmentAndOtherServicesToJointVentures
6400000 USD
CY2011Q3 cpt Fees Earned For Property And Asset Management Construction Development And Other Services To Joint Ventures
FeesEarnedForPropertyAndAssetManagementConstructionDevelopmentAndOtherServicesToJointVentures
2400000 USD
CY2012Q3 cpt Fees Earned For Property And Asset Management Construction Development And Other Services To Joint Ventures
FeesEarnedForPropertyAndAssetManagementConstructionDevelopmentAndOtherServicesToJointVentures
2800000 USD
CY2012Q3 cpt Gain Loss On Sale Of Unconsolidated Jv Property
GainLossOnSaleOfUnconsolidatedJvProperty
2900000 USD
CY2011Q3 cpt Income Allocated To Common Units
IncomeAllocatedToCommonUnits
8000 USD
CY2012Q3 cpt Income Allocated To Common Units
IncomeAllocatedToCommonUnits
0 USD
cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Common Units
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToCommonUnits
107871000 USD
CY2012Q3 cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Common Units
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToCommonUnits
30072000 USD
CY2011Q3 cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Common Units
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToCommonUnits
10605000 USD
CY2011Q3 cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Participating Securities
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToParticipatingSecurities
10597000 USD
cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Participating Securities
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToParticipatingSecurities
106704000 USD
cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Participating Securities
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToParticipatingSecurities
-756000 USD
CY2012Q3 cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Participating Securities
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToParticipatingSecurities
30072000 USD
cpt Income Loss On Deferred Compensation Plans
IncomeLossOnDeferredCompensationPlans
3820000 USD
cpt Income Loss On Deferred Compensation Plans
IncomeLossOnDeferredCompensationPlans
1233000 USD
cpt Net Income Attributable To Common Shareholders And Noncontrolling Interests
NetIncomeAttributableToCommonShareholdersAndNoncontrollingInterests
144903000 USD
cpt Net Income Attributable To Common Shareholders And Noncontrolling Interests
NetIncomeAttributableToCommonShareholdersAndNoncontrollingInterests
4647000 USD
CY2012Q3 cpt Net Operating Real Estate Assets
NetOperatingRealEstateAssets
4746466000 USD
CY2011Q4 cpt Net Operating Real Estate Assets
NetOperatingRealEstateAssets
4086871000 USD
cpt Noncontrolling Interest Increase From Equity Upon Conversion Of Operating Partnership Unit
NoncontrollingInterestIncreaseFromEquityUponConversionOfOperatingPartnershipUnit
592000 USD
cpt Noncontrolling Interest Increase From Equity Upon Conversion Of Operating Partnership Unit
NoncontrollingInterestIncreaseFromEquityUponConversionOfOperatingPartnershipUnit
-448000 USD
CY2012Q1 cpt Number Of Apartment Units In Property Disposed
NumberOfApartmentUnitsInPropertyDisposed
1033
CY2012Q4 cpt Number Of Apartment Units In Property Disposed
NumberOfApartmentUnitsInPropertyDisposed
473
CY2011Q4 cpt Number Of Apartment Units In Property Disposed
NumberOfApartmentUnitsInPropertyDisposed
788
CY2012Q3 cpt Number Of Apartment Units In Property Disposed
NumberOfApartmentUnitsInPropertyDisposed
253
CY2012Q1 cpt Number Of Apartment Units In Wholly Owned Property Acquired
NumberOfApartmentUnitsInWhollyOwnedPropertyAcquired
4034
CY2012Q3 cpt Number Of Apartment Units In Wholly Owned Property Acquired
NumberOfApartmentUnitsInWhollyOwnedPropertyAcquired
253
CY2012Q3 cpt Number Of Assets Classified As Held For Sale
NumberOfAssetsClassifiedAsHeldForSale
2
cpt Number Of Joint Ventures Accounted For Under Equity Method Investments
NumberOfJointVenturesAccountedForUnderEquityMethodInvestments
5
CY2012Q3 cpt Number Of Multifamily Communities
NumberOfMultifamilyCommunities
209
CY2012Q3 cpt Number Of Multifamily Properties Under Development
NumberOfMultifamilyPropertiesUnderDevelopment
6
CY2011Q4 cpt Number Of Operating Properties Sold
NumberOfOperatingPropertiesSold
2
CY2012Q1 cpt Number Of Operating Properties Sold
NumberOfOperatingPropertiesSold
3
CY2012Q3 cpt Number Of Operating Properties Sold
NumberOfOperatingPropertiesSold
1
CY2011Q4 cpt Number Of Operating Properties Sold
NumberOfOperatingPropertiesSold
4
CY2012Q1 cpt Number Of Unconsolidated Equity Method Investments Acquired
NumberOfUnconsolidatedEquityMethodInvestmentsAcquired
12
CY2012Q3 cpt Operating Leases Future Minimum Payments Due Remaining Current Year
OperatingLeasesFutureMinimumPaymentsDueRemainingCurrentYear
600000 USD
cpt Participant Withdrawals From Deferred Compensation Plan Investments
ParticipantWithdrawalsFromDeferredCompensationPlanInvestments
7000000 USD
CY2012Q3 cpt Perpetual Preferred Units
PerpetualPreferredUnits
0 USD
CY2011Q4 cpt Perpetual Preferred Units
PerpetualPreferredUnits
97925000 USD
cpt Pro Forma Consolidated Expenses
ProFormaConsolidatedExpenses
216160000 USD
CY2011Q3 cpt Pro Forma Consolidated Expenses
ProFormaConsolidatedExpenses
72541000 USD
CY2012Q3 cpt Pro Forma Consolidated Expenses
ProFormaConsolidatedExpenses
74060000 USD
cpt Pro Forma Consolidated Expenses
ProFormaConsolidatedExpenses
211034000 USD
cpt Pro Forma Consolidated Property Results
ProFormaConsolidatedPropertyResults
315790000 USD
CY2012Q3 cpt Pro Forma Consolidated Property Results
ProFormaConsolidatedPropertyResults
122336000 USD
CY2011Q3 cpt Pro Forma Consolidated Property Results
ProFormaConsolidatedPropertyResults
107124000 USD
cpt Pro Forma Consolidated Property Results
ProFormaConsolidatedPropertyResults
354888000 USD
cpt Pro Forma Consolidated Revenues
ProFormaConsolidatedRevenues
526824000 USD
CY2011Q3 cpt Pro Forma Consolidated Revenues
ProFormaConsolidatedRevenues
179665000 USD
CY2012Q3 cpt Pro Forma Consolidated Revenues
ProFormaConsolidatedRevenues
196396000 USD
cpt Pro Forma Consolidated Revenues
ProFormaConsolidatedRevenues
571048000 USD
CY2012Q3 cpt Properties Under Development Including Land
PropertiesUnderDevelopmentIncludingLand
280948000 USD
CY2011Q4 cpt Properties Under Development Including Land
PropertiesUnderDevelopmentIncludingLand
299870000 USD
CY2011Q4 cpt Real Estate Assets At Cost Total
RealEstateAssetsAtCostTotal
5519670000 USD
CY2012Q3 cpt Real Estate Assets At Cost Total
RealEstateAssetsAtCostTotal
6288996000 USD
CY2011Q4 cpt Real Estate Assets Total
RealEstateAssetsTotal
4442716000 USD
CY2012Q3 cpt Real Estate Assets Total
RealEstateAssetsTotal
5080353000 USD
cpt Reclassification Of Prior Service Cost And Loss
ReclassificationOfPriorServiceCostAndLoss
0 USD
CY2011Q3 cpt Reclassification Of Prior Service Cost And Loss
ReclassificationOfPriorServiceCostAndLoss
0 USD
cpt Reclassification Of Prior Service Cost And Loss
ReclassificationOfPriorServiceCostAndLoss
-23000 USD
CY2012Q3 cpt Reclassification Of Prior Service Cost And Loss
ReclassificationOfPriorServiceCostAndLoss
-7000 USD
cpt Redemption Of Perpetual Preferred Units
RedemptionOfPerpetualPreferredUnits
100000000 USD
cpt Redemption Of Perpetual Preferred Units
RedemptionOfPerpetualPreferredUnits
0 USD
cpt Revenues From Discontinued Operations Attributable To Unconsolidated Joint Venture
RevenuesFromDiscontinuedOperationsAttributableToUnconsolidatedJointVenture
7500000 USD
CY2011Q3 cpt Revenues From Discontinued Operations Attributable To Unconsolidated Joint Venture
RevenuesFromDiscontinuedOperationsAttributableToUnconsolidatedJointVenture
5700000 USD
cpt Revenues From Discontinued Operations Attributable To Unconsolidated Joint Venture
RevenuesFromDiscontinuedOperationsAttributableToUnconsolidatedJointVenture
16400000 USD
CY2012Q3 cpt Revenues From Discontinued Operations Attributable To Unconsolidated Joint Venture
RevenuesFromDiscontinuedOperationsAttributableToUnconsolidatedJointVenture
2200000 USD
cpt Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost For Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCostForPeriod
9500000 USD
CY2012Q3 cpt Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost For Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCostForPeriod
3600000 USD
CY2011Q3 cpt Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost For Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCostForPeriod
3300000 USD
cpt Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost For Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCostForPeriod
10400000 USD
CY2012Q3 cpt Share Based Compensation Shares Authorized Under Stock Options Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionsPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice
45.93
CY2012Q3 cpt Share Based Compensation Shares Authorized Under Stock Options Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionsPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePrice
42.41
CY2011Q4 cpt Share Based Compensation Shares Authorized Under Stock Options Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionsPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePrice
42.27
CY2012Q2 cpt Shares Authorized
SharesAuthorized
185000000 shares
CY2012Q2 cpt Shares Authorized
SharesAuthorized
110000000 shares
cpt Tax Recognized On Sale Of Available For Sale Investment
TaxRecognizedOnSaleOfAvailableForSaleInvestment
1000000 USD
cpt Total Non Property Income Loss
TotalNonPropertyIncomeLoss
12937000 USD
CY2012Q3 cpt Total Non Property Income Loss
TotalNonPropertyIncomeLoss
1263000 USD
cpt Total Non Property Income Loss
TotalNonPropertyIncomeLoss
12642000 USD
CY2011Q3 cpt Total Non Property Income Loss
TotalNonPropertyIncomeLoss
-3558000 USD
CY2012Q3 cpt Total Number Of Apartment Homes In Multifamily Communities
TotalNumberOfApartmentHomesInMultifamilyCommunities
70871
CY2012Q3 cpt Total Number Of Apartment Homes In Multifamily Properties Upon Completion Of Development
TotalNumberOfApartmentHomesInMultifamilyPropertiesUponCompletionOfDevelopment
2040
cpt Total Other Expenses
TotalOtherExpenses
289322000 USD
cpt Total Other Expenses
TotalOtherExpenses
271103000 USD
CY2011Q3 cpt Total Other Expenses
TotalOtherExpenses
80921000 USD
CY2012Q3 cpt Total Other Expenses
TotalOtherExpenses
94257000 USD
CY2012Q3 cpt Unamortized Value Of Above Or Below Market Leases
UnamortizedValueOfAboveOrBelowMarketLeases
200000 USD
CY2012Q3 cpt Weighted Average Maturity Of Indebtedness Including Unsecured Line Of Credit
WeightedAverageMaturityOfIndebtednessIncludingUnsecuredLineOfCredit
6.2 Y
CY2012Q3 cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
0 USD
CY2011Q3 cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
0 USD
cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
0 USD
cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
2075000 USD
CY2012Q1 cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
2100000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000906345
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
84115681 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
CAMDEN PROPERTY TRUST

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