$MAA
MID AMERICA APARTMENT COMMUNITIES INC.

2012 Q4 Form 10-Q Financial Statement

#000091259512000012 Filed on November 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $118.3M $123.2M $99.30M
YoY Change 16.54% 24.06% 0.1%
Cost Of Revenue $39.50M $42.60M $79.00M
YoY Change -24.04% -46.08% 7.63%
Gross Profit $83.40M $80.60M $32.40M
YoY Change 36.5% 148.77% 25.58%
Gross Profit Margin 70.52% 65.43% 32.63%
Selling, General & Admin $16.70M $17.70M -$21.10M
YoY Change 307.32% -183.89% -3.65%
% of Gross Profit 20.02% 21.96% -65.12%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.50M $33.40M $30.20M
YoY Change 8.49% 10.6% 11.44%
% of Gross Profit 41.37% 41.44% 93.21%
Operating Expenses $48.20M $48.70M $6.900M
YoY Change 42.18% 605.8% 68.29%
Operating Profit $32.84M $30.59M $20.41M
YoY Change 34.42% 49.92% -5.97%
Interest Expense $13.86M $14.53M $14.87M
YoY Change 50.02% -2.27% -206.19%
% of Operating Profit 42.21% 47.5% 72.86%
Other Income/Expense, Net $0.00 $89.00K $140.0K
YoY Change -100.0% -36.43% 40.0%
Pretax Income $18.10M $15.21M $8.826M
YoY Change 61.61% 72.29% 37.91%
Income Tax $800.0K $0.00 $0.00
% Of Pretax Income 4.42% 0.0% 0.0%
Net Earnings $22.31M $30.87M $13.79M
YoY Change 18.92% 123.81% 105.84%
Net Earnings / Revenue 18.86% 25.06% 13.89%
Basic Earnings Per Share $0.53 $0.74 $0.37
Diluted Earnings Per Share $0.53 $0.74 $0.37
COMMON SHARES
Basic Shares Outstanding 42.27M shares 41.41M shares 37.27M shares
Diluted Shares Outstanding 43.22M shares 39.30M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.000M $13.00M $24.00M
YoY Change -84.21% -45.83% -76.0%
Cash & Equivalents $9.075M $13.42M $24.25M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $9.000M $13.00M $24.00M
YoY Change -84.21% -45.83% -76.0%
LONG-TERM ASSETS
Property, Plant & Equipment $2.689B $2.693B $2.313B
YoY Change 11.72% 16.43% 14.96%
Goodwill $4.106M $4.106M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $5.000M $5.000M $17.00M
YoY Change -70.59% -70.59% 6.25%
Other Assets $15.00M $27.00M $27.00M
YoY Change -6.25% 0.0% -25.0%
Total Long-Term Assets $2.742B $2.763B $2.388B
YoY Change 21.09% 15.7% 14.26%
TOTAL ASSETS
Total Short-Term Assets $9.000M $13.00M $24.00M
Total Long-Term Assets $2.742B $2.763B $2.388B
Total Assets $2.751B $2.776B $2.412B
YoY Change 18.5% 15.08% 10.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.000M $6.000M $3.000M
YoY Change 150.0% 100.0% 50.0%
Accrued Expenses $95.00M $101.0M $93.00M
YoY Change 3.26% 8.6% 16.25%
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 $107.0M $114.0M $102.0M
YoY Change 7.0% 11.76% 14.61%
LONG-TERM LIABILITIES
Long-Term Debt $1.674B $1.706B $1.588B
YoY Change 1.45% 7.43% 2.39%
Other Long-Term Liabilities $21.00M $26.00M $39.00M
YoY Change -36.36% -33.33% -35.0%
Total Long-Term Liabilities $1.695B $1.732B $1.627B
YoY Change 0.71% 6.45% 0.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $107.0M $114.0M $102.0M
Total Long-Term Liabilities $1.695B $1.732B $1.627B
Total Liabilities $1.801B $1.846B $1.754B
YoY Change 1.46% 5.24% 1.92%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $914.1M $894.2M $658.0M
YoY Change
Total Liabilities & Shareholders Equity $2.751B $2.776B $2.412B
YoY Change 18.5% 15.08% 10.14%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $22.31M $30.87M $13.79M
YoY Change 18.92% 123.81% 105.84%
Depreciation, Depletion And Amortization $34.50M $33.40M $30.20M
YoY Change 8.49% 10.6% 11.44%
Cash From Operating Activities $53.00M $57.10M $45.60M
YoY Change 22.97% 25.22% 14.57%
INVESTING ACTIVITIES
Capital Expenditures -$31.50M -$244.7M -$105.6M
YoY Change -76.46% 131.72% -32.48%
Acquisitions
YoY Change
Other Investing Activities $13.20M $47.00M $10.90M
YoY Change 2.33% 331.19% -44.95%
Cash From Investing Activities -$18.20M -$197.8M -$94.60M
YoY Change -84.96% 109.09% -30.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -39.10M 131.7M 60.40M
YoY Change -135.26% 118.05% -64.84%
NET CHANGE
Cash From Operating Activities 53.00M 57.10M 45.60M
Cash From Investing Activities -18.20M -197.8M -94.60M
Cash From Financing Activities -39.10M 131.7M 60.40M
Net Change In Cash -4.300M -9.000M 11.40M
YoY Change -113.03% -178.95% -84.78%
FREE CASH FLOW
Cash From Operating Activities $53.00M $57.10M $45.60M
Capital Expenditures -$31.50M -$244.7M -$105.6M
Free Cash Flow $84.50M $301.8M $151.2M
YoY Change -52.23% 99.6% -22.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2012Q3 us-gaap Assets
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CY2011Q4 us-gaap Assets
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CY2011Q4 us-gaap Assets Held For Sale Long Lived
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Common Stock Dividends Per Share Declared
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CY2011Q4 us-gaap Common Stock Shares Authorized
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us-gaap Cost Of Property Repairs And Maintenance
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us-gaap Credit Derivative Collateral Held Directly Or By Third Parties
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Certain of our derivative contracts are credit enhanced by either FNMA or Freddie Mac.  These derivative contracts require that our credit enhancing party maintain credit ratings above a certain level.  If our credit support providers were downgraded below Baa1 by Moody’s or BBB+ by Standard & Poor’s, or S&P, we may be required to either post 100 percent collateral or settle the obligations at their termination value of $0.0 million as of March 31, 2012.  Both FNMA and Freddie Mac are currently rated Aaa by Moody’s and AA+ by S&P, and therefore, the provisions of this agreement have not been breached and no collateral has been posted related to these agreements as of March 31, 2012.
CY2012Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
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us-gaap Debt Instrument Maturity Date
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CY2012Q3 us-gaap Derivative Cap Interest Rate
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us-gaap Derivative Credit Risk Related Contingent Features Existence And Nature
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Certain of our derivative contracts contain a provision where if we default on any of our indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then we could also be declared in default on our derivative obligations. As of March 31, 2012, we had not breached the provisions of these agreements.  If we had breached these provisions, we could have been required to settle our obligations under the agreements at their termination value of $0.0 million.
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us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Derivatives not designated as hedges are not speculative and are used to manage the Company's exposure to interest rate movements and other identified risks but do not meet the strict hedge accounting requirements of FASB ASC 815, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging</font><font style="font-family:inherit;font-size:10pt;">. Changes in the fair value of derivatives not designated in hedging relationships are recorded directly in earnings and resulted in a loss of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$25,000</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</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;"> and a loss of $</font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">58,000</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </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;">. We did not have any derivatives not designated as hedges for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2011</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div>
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us-gaap Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operation Net Of Tax
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-8264000 USD
us-gaap Distribution Made To Member Or Limited Partner Distributions Declared Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsDeclaredPerUnit
0.6275
us-gaap Distribution Made To Member Or Limited Partner Distributions Declared Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsDeclaredPerUnit
0.6600
us-gaap Dividends Common Stock
DividendsCommonStock
-81813000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
-70027000 USD
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.04
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.82
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
1900000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
400000 USD
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2012Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
96372000 USD
CY2011Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
92170000 USD
CY2012Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
48000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
163000 USD
CY2011Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
147000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
45000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-111000 USD
CY2012Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2011Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-63000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3527000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14045000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10436000 USD
CY2011Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3996000 USD
CY2012Q3 us-gaap Goodwill
Goodwill
4106000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
4106000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
15800000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
22800000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
45700000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
8400000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
500000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
800000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16410000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
8826000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24119000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
47771000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
8719000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
23589000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
47601000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
16338000 USD
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.08
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.36
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.61
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.22
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.61
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.22
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.38
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.11
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5732000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
15740000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
7697000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
39017000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
300000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
1800000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
400000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
700000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
7300000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
15100000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
37200000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
5400000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.21
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.38
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.15
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.96
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.20
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.36
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.15
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.92
CY2011Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-107000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-170000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-530000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-72000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-170000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-530000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1262000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3572000 USD
CY2012Q3 us-gaap Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
25000 USD
us-gaap Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
58000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
10040000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
12007000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3276000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4569000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
669000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-63000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-265000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
445000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1844000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
720000 USD
us-gaap Interest Expense
InterestExpense
42681000 USD
us-gaap Interest Expense
InterestExpense
42978000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
14698000 USD
CY2011Q3 us-gaap Interest Expense
InterestExpense
15183000 USD
us-gaap Interest Paid Net
InterestPaidNet
43230000 USD
us-gaap Interest Paid Net
InterestPaidNet
47735000 USD
CY2011Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
975000 USD
CY2012Q3 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
275000 USD
CY2012Q3 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
25816000 USD
CY2011Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
33095000 USD
CY2012Q3 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
327000 USD
CY2011Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
1018000 USD
CY2012Q3 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
52000 USD
CY2011Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
43000 USD
CY2011Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
0 USD
CY2012Q3 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
0 USD
CY2012Q3 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
25816000 USD
CY2011Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
33095000 USD
CY2012Q3 us-gaap Inventory Real Estate Other
InventoryRealEstateOther
7835000 USD
CY2011Q4 us-gaap Inventory Real Estate Other
InventoryRealEstateOther
8125000 USD
CY2012Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
5160000 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
17006000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
42639000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
38428000 USD
CY2012Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
14714000 USD
CY2011Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
13366000 USD
CY2011Q4 us-gaap Land
Land
333846000 USD
CY2012Q3 us-gaap Land
Land
388007000 USD
CY2012Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
1205000 USD
CY2011Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
1306000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
1845830000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
1782969000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2775835000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2530468000 USD
CY2012Q3 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
299000 USD
CY2011Q4 us-gaap Liabilities Of Assets Held For Sale
LiabilitiesOfAssetsHeldForSale
0 USD
us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
751000 USD
us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
687000 USD
CY2011Q3 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
265000 USD
CY2012Q3 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
209000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
25131000 USD
CY2012Q3 us-gaap Minority Interest
MinorityInterest
31197000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
-3667000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
-3825000 USD
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 USD
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
109066000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
170286000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-310982000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-321185000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
129211000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
158021000 USD
us-gaap Net Income Loss
NetIncomeLoss
82916000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
30866000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
13791000 USD
us-gaap Net Income Loss
NetIncomeLoss
30063000 USD
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
660000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1223000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3702000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1212000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30063000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13791000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
82916000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30866000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
82837000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
13773000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
30841000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
30033000 USD
CY2011Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
140000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
599000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
89000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
343000 USD
us-gaap Notes Assumed1
NotesAssumed1
30290000 USD
us-gaap Notes Assumed1
NotesAssumed1
0 USD
CY2012Q3 us-gaap Notes Payable
NotesPayable
1706258000 USD
CY2011Q4 us-gaap Notes Payable
NotesPayable
1649755000 USD
CY2012Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
167 Communities
CY2012Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
13 States
CY2012Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
49723
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
216130000 USD
CY2011Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
76034000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
243258000 USD
CY2012Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
84816000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
31964000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
92991000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
24795000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
68987000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
335091000 USD
CY2012Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
116968000 USD
CY2011Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
101004000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
289630000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
29195000 USD
CY2012Q3 us-gaap Other Assets
OtherAssets
33484000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
7111000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
7527000 USD
CY2011Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8081000 USD
CY2012Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8581000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
22917000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
24724000 USD
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
10763000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2471000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1863000 USD
CY2012Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
9933000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
26354000 USD
CY2011Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
9052000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
28965000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
15242000 USD
CY2012Q3 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
5460000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
16484000 USD
CY2011Q3 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
4904000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
36989000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
34508000 USD
us-gaap Payments For Deposits Applied To Debt Retirements
PaymentsForDepositsAppliedToDebtRetirements
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
68331000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79855000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3980000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3775000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3577000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2650000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
204000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
1387000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
9586000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
11070000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
21921000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
54242000 USD
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
1158000 USD
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
11880000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
170515000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
173960000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
285350000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
271000000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-95000000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-235064000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
10934000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
97113000 USD
us-gaap Profit Loss
ProfitLoss
86618000 USD
us-gaap Profit Loss
ProfitLoss
31286000 USD
CY2011Q3 us-gaap Profit Loss
ProfitLoss
14451000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
32078000 USD
us-gaap Real Estate Improvements
RealEstateImprovements
-3927000 USD
us-gaap Real Estate Improvements
RealEstateImprovements
-2561000 USD
CY2012Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
995479000 USD
CY2011Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
961724000 USD
CY2011Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3359095000 USD
CY2012Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
3679391000 USD
CY2012Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2683912000 USD
CY2011Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2397371000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
364056000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
315984000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
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CY2011Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
110056000 USD
CY2011Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
12403000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
42313000 USD
CY2012Q3 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
14595000 USD
us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
36163000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
11760000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
102384000 USD
CY2011Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1362000 USD
CY2012Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1299000 USD
CY2011Q3 us-gaap Revenues
Revenues
110321000 USD
us-gaap Revenues
Revenues
364743000 USD
CY2012Q3 us-gaap Revenues
Revenues
127110000 USD
us-gaap Revenues
Revenues
316735000 USD
CY2011Q4 us-gaap Secured Debt
SecuredDebt
1514755000 USD
CY2012Q3 us-gaap Secured Debt
SecuredDebt
1192258000 USD
CY2011Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
6310000 USD
CY2012Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
6745000 USD
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43221000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42567000 shares
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39300000 shares
us-gaap Share Based Compensation
ShareBasedCompensation
4445000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1730000 USD
CY2012Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
15565 shares
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
25082 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
451 shares
CY2012Q3 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
122 shares
CY2011Q3 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
100 shares
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
495487 shares
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
173962000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
170106000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
407000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-1863000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-2471000 USD
CY2012Q3 us-gaap Stockholders Equity
StockholdersEquity
894175000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
718331000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
743462000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
925372000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
540628000 USD
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
678299000 USD
CY2011Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
4037000 USD
CY2012Q3 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
4633000 USD
CY2012Q3 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
70932 shares
CY2011Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
65771 shares
CY2011Q4 us-gaap Unsecured Debt
UnsecuredDebt
135000000 USD
CY2012Q3 us-gaap Unsecured Debt
UnsecuredDebt
514000000 USD
us-gaap Utilities Costs
UtilitiesCosts
20461000 USD
us-gaap Utilities Costs
UtilitiesCosts
18778000 USD
CY2011Q3 us-gaap Utilities Costs
UtilitiesCosts
7084000 USD
CY2012Q3 us-gaap Utilities Costs
UtilitiesCosts
7658000 USD
us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
1859000 shares
us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
2009000 shares
CY2012Q3 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
1781000 shares
CY2011Q3 us-gaap Weighted Average General Partnership Units Outstanding
WeightedAverageGeneralPartnershipUnitsOutstanding
1946000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
74000 shares
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
80000 shares
CY2012Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
35000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
101000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38722000 shares
dei Trading Symbol
TradingSymbol
MAA
maa Proceeds From Direct Purchase And Dividend Reinvestment
ProceedsFromDirectPurchaseAndDividendReinvestment
30000 USD
CY2012Q3 maa Number Of Units Under Development Community
NumberOfUnitsUnderDevelopmentCommunity
1220 Property
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36612000 shares
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
37274000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41405000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40634000 shares
maa Adjusted Income Loss Available To Common Shares Net Of Tax
AdjustedIncomeLossAvailableToCommonSharesNetOfTax
31286000 USD
CY2011Q3 maa Adjusted Income Loss Available To Common Shares Net Of Tax
AdjustedIncomeLossAvailableToCommonSharesNetOfTax
14451000 USD
CY2012Q3 maa Adjusted Income Loss Available To Common Shares Net Of Tax
AdjustedIncomeLossAvailableToCommonSharesNetOfTax
32078000 USD
maa Adjusted Income Loss Available To Common Shares Net Of Tax
AdjustedIncomeLossAvailableToCommonSharesNetOfTax
86618000 USD
maa Amortization Unearned Compensation
AmortizationUnearnedCompensation
1730000 USD
maa Amortization Unearned Compensation
AmortizationUnearnedCompensation
4445000 USD
CY2011Q3 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
39766247 shares
CY2012Q3 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
43699835 shares
CY2012Q3 maa Credit Risk Related Contingent Features Termination Value
CreditRiskRelatedContingentFeaturesTerminationValue
24473000 USD
maa Derivative Interest Expense
DerivativeInterestExpense
407000 USD
maa Derivative Interest Expense
DerivativeInterestExpense
590000 USD
maa Effect On Retained Earnings Accumulated Deficit Due To Fair Value Option And Measurement
EffectOnRetainedEarningsAccumulatedDeficitDueToFairValueOptionAndMeasurement
-168000 USD
maa Effect On Retained Earnings Accumulated Deficit Due To Fair Value Option And Measurement
EffectOnRetainedEarningsAccumulatedDeficitDueToFairValueOptionAndMeasurement
223000 USD
maa Fair Value Adjustment On Debt Assumed
FairValueAdjustmentOnDebtAssumed
2578000 USD
maa Fair Value Adjustment On Debt Assumed
FairValueAdjustmentOnDebtAssumed
0 USD
CY2011Q3 maa Gain Loss From Insurance Settlement And Other
GainLossFromInsuranceSettlementAndOther
-286000 USD
maa Gain Loss From Insurance Settlement And Other
GainLossFromInsuranceSettlementAndOther
-24000 USD
CY2012Q3 maa Gain Loss From Insurance Settlement And Other
GainLossFromInsuranceSettlementAndOther
-22000 USD
maa Gain Loss From Insurance Settlement And Other
GainLossFromInsuranceSettlementAndOther
-692000 USD
maa Gain Loss From Insurance Settlement And Other Including Discontinued Operations
GainLossFromInsuranceSettlementAndOtherIncludingDiscontinuedOperations
-692000 USD
maa Gain Loss From Insurance Settlement And Other Including Discontinued Operations
GainLossFromInsuranceSettlementAndOtherIncludingDiscontinuedOperations
19000 USD
maa Loss On Sale Of Non Depreciable Assets Including Discontinued Operations
LossOnSaleOfNonDepreciableAssetsIncludingDiscontinuedOperations
-6000 USD
maa Loss On Sale Of Non Depreciable Assets Including Discontinued Operations
LossOnSaleOfNonDepreciableAssetsIncludingDiscontinuedOperations
45000 USD
CY2012Q1 maa Maa Sharessoldonunderwrittenpublicoffering
MaaSharessoldonunderwrittenpublicoffering
1955000 shares
maa Marked To Market Adjustment On Derivative Instruments
MarkedToMarketAdjustmentOnDerivativeInstruments
7120000 USD
maa Marked To Market Adjustment On Derivative Instruments
MarkedToMarketAdjustmentOnDerivativeInstruments
6521000 USD
CY2012Q3 maa Net Income Allocated To Unvested Restricted Shares
NetIncomeAllocatedToUnvestedRestrictedShares
25000 USD
CY2011Q3 maa Net Income Allocated To Unvested Restricted Shares
NetIncomeAllocatedToUnvestedRestrictedShares
18000 USD
maa Net Income Allocated To Unvested Restricted Shares
NetIncomeAllocatedToUnvestedRestrictedShares
79000 USD
maa Net Income Allocated To Unvested Restricted Shares
NetIncomeAllocatedToUnvestedRestrictedShares
30000 USD
maa New Accounting Pronouncements
NewAccountingPronouncements
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Recent Accounting Pronouncements</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Impact of Recently Issued Accounting Standards</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2011, the FASB issued Accounting Standards Update (ASU) No. 2011-05, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Comprehensive Income (Topic 220): Presentation of Comprehensive Income.</font><font style="font-family:inherit;font-size:10pt;"> This ASU allows an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. The amendments do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income.&#160;&#160;ASU 2011-05 is applied retrospectively.&#160;&#160;The amendments are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011.&#160;&#160;We adopted ASU 2011-05 during the reporting period ended December 31, 2011, and this changed the presentation of our financial statements but not our consolidated financial condition or results of operations taken as a whole.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In November 2011, the FASB issued Accounting Standards Update (ASU) No. 2011-12, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Comprehensive Income (Topic 220): Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05</font><font style="font-family:inherit;font-size:10pt;">. This ASU supersedes certain paragraphs in ASU 2011-05 addressing reclassification adjustments out of accumulated other comprehensive income. The effective dates and changes to our presentation are the same as noted in ASU 2011-05 above.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2011, the FASB issued Accounting Standards Update (ASU) No. 2011-04, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs.</font><font style="font-family:inherit;font-size:10pt;">&#160;The amendments change the wording, mainly for clarification, used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements. For many of the requirements, the Board does not intend for the amendments in this update to result in a change in the application of the requirements in ASU 2011-04.&#160;&#160;The amendments in this ASU are to be applied prospectively. The amendments are effective during interim and annual periods beginning after December 15, 2011.&#160;&#160;We have adopted ASU 2011-04 for the interim and annual periods of fiscal year 2012. The adoption of ASU 2011-04 has not had a material impact on our consolidated financial condition or results of operations taken as a whole.</font></div></div>
CY2012Q3 maa Number Of Development Properties
NumberOfDevelopmentProperties
4
maa Number Of Units Acquired In Real Estate Property
NumberOfUnitsAcquiredInRealEstateProperty
2451 Apartments
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
217441000 USD
maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
189221000 USD
CY2012Q3 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
74531000 USD
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
2480831418 USD
CY2011Q3 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
64743000 USD
CY2011Q3 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
1942275 shares
CY2012Q3 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
1774547 shares
maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
261948000 USD
maa Payments To Acquire Real Estate And Other Assets
PaymentsToAcquireRealEstateAndOtherAssets
314909000 USD
CY2012Q3 maa Percentage Of Secured Debt To Total Outstanding Debt
PercentageOfSecuredDebtToTotalOutstandingDebt
0.47
CY2012Q1 maa Priorperioderroradjustment
Priorperioderroradjustment
655000 USD
maa Proceeds From Direct Purchase And Dividend Reinvestment
ProceedsFromDirectPurchaseAndDividendReinvestment
30000000 USD
CY2011Q3 maa Proceeds From Direct Purchase And Dividend Reinvestment
ProceedsFromDirectPurchaseAndDividendReinvestment
7039 USD
CY2012Q3 maa Proceeds From Direct Purchase And Dividend Reinvestment
ProceedsFromDirectPurchaseAndDividendReinvestment
8000 USD
dei Entity Registrant Name
EntityRegistrantName
MID AMERICA APARTMENT COMMUNITIES INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2012Q3 maa Real Estate Assets Net
RealEstateAssetsNet
2698112000 USD
CY2011Q4 maa Real Estate Assets Net
RealEstateAssetsNet
2423808000 USD
maa Reclassification Of Redeemable Stock From Equity To Liabilities
ReclassificationOfRedeemableStockFromEquityToLiabilities
0 USD
maa Reclassification Of Redeemable Stock From Equity To Liabilities
ReclassificationOfRedeemableStockFromEquityToLiabilities
152000 USD
maa Redeemable Stock Issued
RedeemableStockIssued
397000 USD
maa Redeemable Stock Issued
RedeemableStockIssued
428000 USD
CY2008Q3 maa Shares Subject To Issuance Pursuant To Sales Agreement
SharesSubjectToIssuancePursuantToSalesAgreement
1350000 shares
CY2010Q3 maa Shares Subject To Issuance Pursuant To Sales Agreement
SharesSubjectToIssuancePursuantToSalesAgreement
6000000 shares
CY2009Q4 maa Shares Subject To Issuance Pursuant To Sales Agreement
SharesSubjectToIssuancePursuantToSalesAgreement
4000000 shares
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
0000912595
CY2012Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
42267542 shares

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