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Consolidated Statements of Operations and Other Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Income:        
Rental income $ 163,884 $ 156,290 $ 326,800 $ 312,538
Tenant recovery income 26,344 22,494 50,330 45,633
Other property income 4,265 5,063 8,490 9,844
Lodging income 206,791 149,267 356,867 276,922
Total income 401,284 333,114 742,487 644,937
Expenses:        
General and administrative expenses 9,434 7,600 18,306 14,214
Property operating expenses 34,087 32,958 66,029 66,101
Lodging operating expenses 129,931 90,776 229,783 174,573
Real estate taxes 27,590 23,053 52,395 47,692
Depreciation and amortization 111,088 105,468 219,368 210,582
Business management fee 9,993 10,000 19,993 20,000
Provision for asset impairment 17,458 10,821 27,887 17,314
Total expenses 339,581 280,676 633,761 550,476
Operating income 61,703 52,438 108,726 94,461
Interest and dividend income 6,003 5,277 10,915 10,914
Other income (loss) 1,291 (2,658) 1,712 (2,305)
Interest expense (81,419) (72,491) (158,520) (148,877)
Equity in earnings of unconsolidated entities 2,936 7,733 2,517 5,435
Impairment of investment in unconsolidated entities 0 0 (4,200) 0
Realized gain (loss) and impairment on securities, net (2,445) 2,895 (1,022) 6,891
Loss before income taxes (11,931) (6,806) (39,872) (33,481)
Income tax expense (2,128) (1,533) (4,626) (938)
Net loss from continuing operations (14,059) (8,339) (44,498) (34,419)
Loss from discontinued operations, net (3,732) (17,775) (3,503) (44,099)
Net loss (17,791) (26,114) (48,001) (78,518)
Less: Net income attributable to noncontrolling interests (119) (1,647) (192) (3,871)
Net loss attributable to Company (17,910) (27,761) (48,193) (82,389)
Net loss per common share, from continuing operations $ (0.02) $ (0.01) $ (0.05) $ (0.04)
Net loss per common share, from discontinued operations $ 0.00 $ (0.02) $ 0.00 $ (0.05)
Net loss per common share, basic and diluted $ (0.02) $ (0.03) $ (0.05) $ (0.09)
Weighted average number of common shares outstanding, basic and diluted 877,188,933 855,953,324 875,037,776 852,915,215
Other comprehensive income (loss):        
Unrealized gain (loss) on investment securities 7,168 (8,805) 25,499 (1,356)
Reversal of unrealized (gain) loss to realized gain (loss) and impairment on securities 2,445 (2,895) 1,022 (6,891)
Unrealized gain/loss on derivatives 401 (1,022) 549 (170)
Comprehensive loss attributable to the Company $ (7,896) $ (40,483) $ (21,123) $ (90,806)