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Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Rental income $ 116,811 $ 116,062 $ 350,390 $ 349,828
Tenant recovery income 26,519 27,703 79,486 79,692
Other property income 1,962 2,280 7,532 7,861
Total revenues 145,292 146,045 437,408 437,381
Expenses:        
Property operating expenses 23,089 23,077 70,860 74,673
Real estate taxes 19,503 19,273 57,972 57,196
Depreciation and amortization 56,527 57,286 170,009 171,601
Provision for impairment of investment properties 10,660 0 11,983 0
Loss on lease terminations 1,689 1,392 6,550 8,085
General and administrative expenses 7,227 5,011 18,691 16,382
Total expenses 118,695 106,039 336,065 327,937
Operating income 26,597 40,006 101,343 109,444
Dividend income 302 578 1,782 1,776
Interest income 16 157 56 507
Gain on extinguishment of debt 0 991 3,879 15,429
Equity in loss of unconsolidated joint ventures, net (1,863) (1,869) (5,467) (6,028)
Interest expense (49,456) (56,903) (142,333) (170,121)
Co-venture obligation expense 0 (1,791) (3,300) (5,375)
Recognized gain on marketable securities 9,108 0 16,373 277
Other income (expense), net 726 567 (342) 1,323
Loss from continuing operations (14,570) (18,264) (28,009) (52,768)
Discontinued operations:        
Loss, net (11,788) (378) (9,725) (28,830)
Gain on sales of investment properties, net 8,756 14,517 16,518 18,678
(Loss) income from discontinued operations (3,032) 14,139 6,793 (10,152)
Gain (loss) on sales of investment properties, net 1,650 (891) 6,652 4,171
Net loss (15,952) (5,016) (14,564) (58,749)
Net income attributable to noncontrolling interests 0 (7) 0 (23)
Net loss attributable to Company shareholders (15,952) (5,023) (14,564) (58,772)
(Loss) earnings per common share - basic and diluted:        
Continuing operations $ (0.06) $ (0.10) $ (0.10) $ (0.25)
Discontinued operations $ (0.01) $ 0.07 $ 0.03 $ (0.06)
Net loss per common share attributable to Company shareholders $ (0.07) $ (0.03) $ (0.07) $ (0.31)
Net loss (15,952) (5,016) (14,564) (58,749)
Other comprehensive loss:        
Net unrealized (loss) gain on derivative instruments (981) (140) (591) 971
Net unrealized gain (loss) on marketable securities 1,426 (6,240) 5,070 (3,843)
Reversal of unrealized gain to recognized gain on marketable securities (9,108) 0 (16,373) (277)
Comprehensive loss (24,615) (11,396) (26,458) (61,898)
Comprehensive income attributable to noncontrolling interests 0 (7) 0 (23)
Comprehensive loss attributable to Company shareholders $ (24,615) $ (11,403) $ (26,458) $ (61,921)
Weighted average number of common shares outstanding - basic and diluted 230,597 192,779 217,087 192,127