Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - COLONIAL PROPERTIES TRUST | g24177e8vk.htm |
| EX-99.2 - EX-99.2 - COLONIAL PROPERTIES TRUST | g24177exv99w2.htm |
| EX-99.3 - EX-99.3 - COLONIAL PROPERTIES TRUST | g24177exv99w3.htm |
Exhibit 99.1
COLONIAL PROPERTIES TRUST
Financial Statements
Second Quarter 2010
Financial Statements
Second Quarter 2010
BALANCE SHEET
| As of | As of | |||||||
| ($ in 000s) | 6/30/2010 | 12/31/2009 | ||||||
ASSETS |
||||||||
Real Estate Assets |
||||||||
Operating Properties |
$ | 3,250,350 | $ | 3,210,350 | ||||
Undeveloped Land & Construction in Progress |
276,768 | 237,100 | ||||||
Total Real Estate, before Depreciation |
3,527,118 | 3,447,450 | ||||||
Less: Accumulated Depreciation |
(579,517 | ) | (519,728 | ) | ||||
Real Estate Assets Held for Sale, net |
33,323 | 65,022 | ||||||
Net Real Estate Assets |
2,980,924 | 2,992,744 | ||||||
Cash and Equivalents |
3,735 | 4,590 | ||||||
Restricted Cash |
8,169 | 7,952 | ||||||
Accounts Receivable, net |
17,732 | 33,934 | ||||||
Notes Receivable |
44,480 | 22,208 | ||||||
Prepaid Expenses |
24,833 | 16,503 | ||||||
Deferred Debt and Lease Costs |
22,209 | 22,560 | ||||||
Investment in Unconsolidated Subsidiaries |
39,007 | 17,422 | ||||||
Other Assets |
54,797 | 54,719 | ||||||
Total Assets |
$ | 3,195,886 | $ | 3,172,632 | ||||
LIABILITIES |
||||||||
Long-Term Liabilities |
||||||||
Unsecured Credit Facility |
$ | 303,115 | $ | 310,546 | ||||
Notes and Mortgages Payable |
1,404,716 | 1,393,797 | ||||||
Total Long-Term Liabilities |
1,707,831 | 1,704,343 | ||||||
Accounts Payable |
27,978 | 28,299 | ||||||
Accrued Interest |
11,834 | 13,133 | ||||||
Accrued Expenses |
25,302 | 26,142 | ||||||
Investment in Unconsolidated Subsidiaries |
22,110 | — | ||||||
Other Liabilities |
12,877 | 15,054 | ||||||
Total Liabilities |
1,807,932 | 1,786,971 | ||||||
Redeemable Common Units |
133,399 | 133,537 | ||||||
EQUITY |
||||||||
Noncontrolling Interest |
||||||||
Series B 7 1/4%, Preferred Units |
100,000 | 100,000 | ||||||
Limited Partner’s Noncontrolling Interest |
807 | 985 | ||||||
Total Noncontrolling Interest |
100,807 | 100,985 | ||||||
Series D 8 1/8% Preferred Shares (Liquidation Value) |
100,118 | 100,118 | ||||||
Cumulative Earnings |
1,279,712 | 1,296,188 | ||||||
Cumulative Distributions |
(1,781,236 | ) | (1,753,015 | ) | ||||
Accumulated Other Comprehensive Loss |
(2,453 | ) | (2,957 | ) | ||||
Common Equity, including additional paid-in capital |
1,557,607 | 1,510,805 | ||||||
Total Equity, including Noncontrolling Interest |
1,254,555 | 1,252,124 | ||||||
Total Liabilities and Equity |
$ | 3,195,886 | $ | 3,172,632 | ||||
SHARES & UNITS OUTSTANDING, END OF PERIOD
| As of | As of | |||||||
| (shares and units in 000s) | 6/30/2010 | 12/31/2009 | ||||||
Basic |
||||||||
Shares |
71,231 | 66,366 | ||||||
Operating Partnership Units (OP Units) |
7,386 | 8,163 | ||||||
Total Shares & OP Units |
78,617 | 74,529 | ||||||