XML 43 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
ASSETS    
Operating (including $265,019 and $264,506 of consolidated variable interest entities, respectively) $ 4,574,676 $ 4,473,813
Construction-in-progress 452,406 288,714
Assets held for sale (discontinued operations) 0 17,147
Real Estate Investment Property, At Cost, Total 5,027,082 4,779,674
Less accumulated depreciation and amortization (including $17.327 and $12,024 of consolidated variable interest entities, respectively) (1,316,358) (1,224,295)
Net real estate 3,710,724 3,555,379
Cash and cash equivalents 127,831 36,988
Accounts and notes receivable, net 87,284 73,861
Mortgage notes receivable, net 55,198 55,648
Investment in real estate partnership 32,971 33,169
Prepaid expenses and other assets 132,831 132,659
Debt issuance costs, net of accumulated amortization of $11,258 and $10,140, respectively 12,637 10,861
TOTAL ASSETS 4,159,476 3,898,565
Liabilities    
Mortgages payable (including $203,423 and $205,299 of consolidated variable interest entities, respectively) 721,185 760,789
Capital lease obligations 71,677 71,693
Notes payable 299,828 299,575
Senior notes and debentures 1,213,508 1,076,545
Accounts payable and accrued expenses 160,634 120,929
Dividends payable 51,846 47,685
Security deposits payable 12,596 12,957
Other liabilities and deferred credits 103,272 103,379
Total liabilities 2,634,546 2,493,552
Commitments and contingencies (Note 7)      
Redeemable noncontrolling interests 93,820 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, 66,036,174 and 64,815,446 shares issued and outstanding, respectively 660 648
Additional paid-in capital 2,000,965 1,875,525
Accumulated dividends in excess of net income (600,091) (586,970)
Accumulated other comprehensive loss (3,539) (12,388)
Total shareholders' equity of the Trust 1,407,992 1,286,812
Noncontrolling interests 23,118 23,781
Total shareholders' equity 1,431,110 1,310,593
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,159,476 $ 3,898,565