Mid-America Apartment Communities, Inc. (MAA) 2002年年度报告「NYSE」.pdf

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1、MID-AMERICA APARTMENT COMMUNITIES,INC.Annual Report 2002FINANCIAL HIGHLIGHTSDIVIDENDPER COMMON SHARE(IN DOLLARS)1.212.002.042.142.202.302.322.34 2.34020100999897969594ANNUALIZED COMMONSHAREHOLDER RETURNS(PERCENT AS OF DECEMBER 31,2002)11.9-4.713.91.9-12.6-16.8-37.6MAA SINCE IPOMAA 3-YEAR RETURNSMAA

2、2002 RETURNS2002 MORGAN STANLEY APARTMENT SECTOR2002 AVERAGE OF GEOGRAPHIC PEERS2002 DOW JONES INDEX2002 NASDAQ RETURNSYears Ended December 31Dollars in thousands,except per share data200220012000Total revenues$233,139$232,961$227,487Net income$16,141$28,698$29,787Preferred dividend distribution16,0

3、2916,113 16,114Amount paid to retire preferred stock in excess of carrying values2,041 Net income(loss)available for common shareholders(1,929)12,585 13,673 Real estate depreciation and amortization53,90651,457 51,330 Adjustment for joint ventures depreciation1,4301,268 1,210 Minority interest4932,5

4、73 2,626 Gain(loss)on dispositions,net(397)(11,933)(11,587)Gain(loss)on sale of non-depreciable assets(45)229 Extraordinary items loss on early extinguishment of debt1,3391,033 204 Amount paid to retire preferred stock in excess of carrying values2,041 Funds from operations$56,838$57,212$57,456Weigh

5、ted average common shares,diluted17,56117,532 17,597Weighted average shares and units,diluted20,61320,464 20,551 Net income(loss)available per common shares,diluted*$(0.11)$0.72$0.78Funds from operations per shares and units,diluted$2.76$2.80$2.80Dividends per share$2.34$2.34$2.32Real estate owned,a

6、t cost$1,478,793$1,449,720$1,430,378Construction in progress$3,223$10,915$28,523Investment in real estate joint ventures$15,000$7,045$7,630Total debt$803,703$779,664$781,089Shareholders equity and minority interest$371,576$442,260$485,376Market capitalization(shares and units)$673,431$709,224$634,90