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Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
Property rental $ 268,725 $ 232,447 $ 238,256
Management and franchise fees 29,924 23,122 20,961
Tenant reinsurance 31,181 25,928 20,929
Total revenues 329,830 281,497 280,146
Expenses:      
Property operations 95,481 86,165 88,935
Tenant reinsurance 6,143 6,505 5,461
Unrecovered development and acquisition costs 2,896 1,235 19,011
Loss on sublease   2,000  
Severance costs 2,137   2,225
General and administrative 49,683 44,428 40,224
Depreciation and amortization 58,014 50,349 52,403
Total expenses 214,354 190,682 208,259
Income from operations 115,476 90,815 71,887
Interest expense (67,301) (64,116) (67,579)
Non-cash interest expense related to amortization of discount on exchangeable senior notes (1,761) (1,664) (2,239)
Interest income 1,027 898 1,582
Interest income on note receivable from Preferred Operating Partnership unit holder 4,850 4,850 4,850
Gain on repurchase of exchangeable senior notes     27,928
Income before equity in earnings of real estate ventures and income tax expense 52,291 30,783 36,429
Equity in earnings of real estate ventures 7,287 6,753 6,964
Income tax expense (1,155) (4,162) (4,300)
Net income 58,423 33,374 39,093
Net income allocated to Preferred Operating Partnership noncontrolling interests (6,289) (6,048) (6,186)
Net income allocated to Operating Partnership and other noncontrolling interests (1,685) (995) (930)
Net income attributable to common stockholders $ 50,449 $ 26,331 $ 31,977
Net income per common share      
Basic (in dollars per share) $ 0.55 $ 0.30 $ 0.37
Diluted (in dollars per share) $ 0.54 $ 0.30 $ 0.37
Weighted average number of shares      
Basic (in shares) 92,097,008 87,324,104 86,343,029
Diluted (in shares) 96,683,508 92,050,453 91,082,834
Cash dividends paid per common share (in dollars per share) $ 0.56 $ 0.40 $ 0.38