XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Real estate assets    
Land $ 312,602 $ 327,270
Building and improvements 2,290,362 2,408,906
Furniture, fixtures and equipment 292,392 291,027
Construction in progress 66,187 74,064
Land held for future investment 48,689 61,768
Real estate assets, total 3,010,232 3,163,035
Less: accumulated depreciation (895,723) (913,018)
For-sale condominiums   1,122
Assets held for sale, net of accumulated depreciation of $40,986 at June 30, 2014 107,229  
Total real estate assets 2,221,738 2,251,139
Investments in and advances to unconsolidated real estate entities 4,071 4,056
Cash and cash equivalents 17,201 82,110
Restricted cash 4,967 4,712
Deferred financing costs, net 7,262 8,495
Other assets 32,550 31,165
Total assets 2,287,789 2,381,677
Liabilities and equity    
Indebtedness, including $82,922 secured by assets held for sale as of June 30, 2014 976,760 1,098,734
Accounts payable, accrued expenses and other 77,313 73,431
Investments in unconsolidated real estate entities 16,844 16,687
Dividends and distributions payable 21,805 17,928
Accrued interest payable 4,569 5,157
Security deposits and prepaid rents 9,329 10,888
Total liabilities 1,106,620 1,222,825
Redeemable common units 7,235 6,121
Commitments and contingencies      
Equity    
Preferred stock, $.01 par value, 20,000 authorized: 8 1/2% Series A Cumulative Redeemable Shares, liquidation preference $50 per share, 868 shares issued and outstanding 9 9
Common stock, $.01 par value, 100,000 authorized: 54,632 and 54,629 shares issued and 54,377 and 54,191 shares outstanding at June 30, 2014 and December 31, 2013, respectively 546 546
Additional paid-in-capital 1,113,733 1,111,861
Accumulated earnings 81,230 66,138
Accumulated other comprehensive income (loss) (4,902) (3,419)
Stockholders Equity Subtotal Before Treasury Stock 1,190,616 1,175,135
Less common stock in treasury, at cost, 338 and 519 shares at June 30, 2014 and December 31, 2013, respectively (16,536) (22,188)
Total Company shareholders' equity 1,174,080 1,152,947
Noncontrolling interests - consolidated property partnerships (146) (216)
Total equity 1,173,934 1,152,731
Total liabilities and equity 2,287,789 2,381,677
Post Apartment Homes, L.P. [Member]
   
Real estate assets    
Land 312,602 327,270
Building and improvements 2,290,362 2,408,906
Furniture, fixtures and equipment 292,392 291,027
Construction in progress 66,187 74,064
Land held for future investment 48,689 61,768
Real estate assets, total 3,010,232 3,163,035
Less: accumulated depreciation (895,723) (913,018)
For-sale condominiums   1,122
Assets held for sale, net of accumulated depreciation of $40,986 at June 30, 2014 107,229  
Total real estate assets 2,221,738 2,251,139
Investments in and advances to unconsolidated real estate entities 4,071 4,056
Cash and cash equivalents 17,201 82,110
Restricted cash 4,967 4,712
Deferred financing costs, net 7,262 8,495
Other assets 32,550 31,165
Total assets 2,287,789 2,381,677
Liabilities and equity    
Indebtedness, including $82,922 secured by assets held for sale as of June 30, 2014 976,760 1,098,734
Accounts payable, accrued expenses and other 77,313 73,431
Investments in unconsolidated real estate entities 16,844 16,687
Dividends and distributions payable 21,805 17,928
Accrued interest payable 4,569 5,157
Security deposits and prepaid rents 9,329 10,888
Total liabilities 1,106,620 1,222,825
Redeemable common units 7,235 6,121
Commitments and contingencies      
Equity    
Preferred units 43,392 43,392
General partner 12,952 12,715
Limited partner 1,122,638 1,100,259
Accumulated other comprehensive income (loss) (4,902) (3,419)
Total Company shareholders' equity 1,174,080 1,152,947
Noncontrolling interests - consolidated property partnerships (146) (216)
Total equity 1,173,934 1,152,731
Total liabilities and equity $ 2,287,789 $ 2,381,677