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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Operating (including $264,821 and $264,506 of consolidated variable interest entities, respectively) $ 4,550,534 $ 4,490,960
Construction-in-progress 401,385 288,714
Real Estate Investment Property, At Cost, Total 4,951,919 4,779,674
Less accumulated depreciation and amortization (including $15,579 and $12,024 of consolidated variable interest entities, respectively) (1,286,923) (1,224,295)
Net real estate 3,664,996 3,555,379
Cash and cash equivalents 108,366 36,988
Accounts and notes receivable, net 84,103 73,861
Mortgage notes receivable, net 55,494 55,648
Investment in real estate partnership 33,029 33,169
Prepaid expenses and other assets 125,804 132,659
Debt issuance costs, net of accumulated amortization of $10,488 and $10,140, respectively 13,411 10,861
TOTAL ASSETS 4,085,203 3,898,565
Liabilities    
Mortgages payable (including $204,055 and $205,299 of consolidated variable interest entities, respectively) 724,984 760,789
Capital lease obligations 71,682 71,693
Notes payable 299,979 299,575
Senior notes and debentures 1,213,333 1,076,545
Accounts payable and accrued expenses 138,932 120,929
Dividends payable 48,296 47,685
Security deposits payable 12,758 12,957
Other liabilities and deferred credits 97,302 103,379
Total liabilities 2,607,266 2,493,552
Commitments and contingencies (Note 7)      
Redeemable noncontrolling interests 94,150 94,420
Shareholders' equity    
Preferred shares, authorized 15,000,000 shares, $.01 par: 5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 399,896 shares issued and outstanding 9,997 9,997
Common shares of beneficial interest, $.01 par, 100,000,000 shares authorized, 65,687,234 and 64,815,446 shares issued and outstanding, respectively 657 648
Additional paid-in capital 1,963,000 1,875,525
Accumulated dividends in excess of net income (610,569) (586,970)
Accumulated other comprehensive loss (2,368) (12,388)
Total shareholders' equity of the Trust 1,360,717 1,286,812
Noncontrolling interests 23,070 23,781
Total shareholders' equity 1,383,787 1,310,593
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,085,203 $ 3,898,565