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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
Rental revenue, net $ 270,489 $ 260,762
Escalation and reimbursement 41,000 41,656
Investment and preferred equity income 52,708 26,338
Other income 5,774 10,377
Total revenues 369,971 339,133
Expenses    
Operating expenses, including approximately $4,150 (2013) and $3,471 (2012) paid to related parties 73,633 73,254
Real estate taxes 53,688 51,480
Ground rent 10,990 8,806
Interest expense, net of interest income 81,336 80,137
Amortization of deferred financing costs 4,463 3,580
Depreciation and amortization 80,683 77,069
Loan loss and other investment reserves, net of recoveries   564
Transaction related costs 1,358 1,056
Marketing, general and administrative 21,067 20,196
Total expenses 327,218 316,142
Income from continuing operations before equity in net income (loss) from unconsolidated joint ventures, equity in net gain on sale of interest in unconsolidated joint venture/real estate, noncontrolling interests and discontinued operations 42,753 22,991
Equity in net income (loss) from unconsolidated joint ventures 5,073 (1,560)
Equity in net gain on sale of interest in unconsolidated joint venture/real estate   7,260
Loss on sale of investment in marketable securities (57)  
Loss on early extinguishment of debt (18,513)  
Income from continuing operations 29,256 28,691
Net loss from discontinued operations (32) (161)
Gain on sale of discontinued operations 1,113 6,627
Net income 30,337 35,157
Net income attributable to noncontrolling interests in other partnerships (2,901) (1,071)
Preferred unit distributions (565) (397)
Net income attributable to SLGOP 26,871 33,689
Perpetual preferred unit distributions (7,407) (7,545)
Net income attributable to SLGOP common unitholders 19,464 26,144
Amounts attributable to SLGOP common unitholders:    
Income from continuing operations 18,383 12,418
Equity in net gain on sale of interest in unconsolidated joint venture/real estate   7,260
Net loss from discontinued operations (32) (161)
Gain on sale of discontinued operations 1,113 6,627
Net income attributable to SLGOP common unitholders $ 19,464 $ 26,144
Basic earnings per unit:    
Net income from continuing operations before discontinued operations (in dollars per unit) $ 0.20 $ 0.14
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (in dollars per unit)   $ 0.08
Net loss from discontinued operations (in dollars per unit)      
Gain on sale of discontinued operations (in dollars per unit) $ 0.01 $ 0.07
Net income attributable to SLGOP common unitholders (in dollars per unit) $ 0.21 $ 0.29
Diluted earnings per unit:    
Net income from continuing operations before discontinued operations (in dollars per unit) $ 0.20 $ 0.14
Equity in net gain on sale of interest in unconsolidated joint venture/real estate (in dollars per unit)   $ 0.08
Net loss from discontinued operations (in dollars per unit)      
Gain on sale of discontinued operations (in dollars per unit) $ 0.01 $ 0.07
Net income attributable to SLGOP common unitholders (in dollars per unit) $ 0.21 $ 0.29
Dividends per unit (in dollars per unit) $ 0.33 $ 0.25
Basic weighted average common unit outstanding (in units) 94,086 89,793
Diluted weighted average common units and common units equivalents outstanding (in units) 94,302 90,173