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Consolidated Balance Sheets (Unaudited) (USD $)
In Thousands
6 Months Ended 12 Months Ended
Jul. 31, 2011
Jan. 31, 2011
Real Estate    
Completed rental properties $ 7,101,431 $ 8,215,425
Projects under construction and development 2,170,855 2,706,235
Land held for development or sale 263,224 244,879
Total Real Estate 9,535,510 11,166,539
Less accumulated depreciation (1,501,353) (1,614,399)
Real Estate, net - (variable interest entities $1,855.7 million and $2,627.8 million, respectively) 8,034,157 9,552,140
Cash and equivalents - (variable interest entities $20.0 million and $24.7 million, respectively) 412,348 193,372
Restricted cash and escrowed funds 502,373 720,180
Notes and accounts receivable, net 394,324 403,101
Investments in and advances to affiliates 685,627 431,509
Other assets - (variable interest entities $136.9 million and $166.8 million, respectively) 637,350 759,399
Total Assets 10,666,179 12,059,701
Liabilities    
Mortgage debt and notes payable, nonrecourse - (variable interest entities $956.6 million and $1,879.0 million, respectively) 5,621,687 7,207,218
Bank revolving credit facility 0 137,152
Senior and subordinated debt - (variable interest entities $29.0 million as of each period) 1,084,831 773,683
Accounts payable and accrued expenses - (variable interest entities $142.6 million and $150.2 million, respectively) 1,053,778 1,074,042
Cash distributions and losses in excess of investments in unconsolidated investments 282,955 290,492
Deferred income taxes 494,413 489,974
Total Liabilities 8,537,664 9,972,561
Redeemable Noncontrolling Interest 226,936 226,829
Commitments and Contingencies    
Common stock - $.33 1/3 par value    
Common stock, value 56,419 55,157
Additional paid-in capital 743,973 689,004
Retained earnings 707,927 659,926
Less treasury stock, at cost; 107,545 and 21,324 Class A shares, respectively (1,874) (259)
Shareholders' equity before accumulated other comprehensive loss 1,726,445 1,623,828
Accumulated other comprehensive loss (106,159) (94,429)
Total Shareholders' Equity 1,620,286 1,529,399
Noncontrolling interest 281,293 330,912
Total Equity 1,901,579 1,860,311
Total Liabilities and Equity 10,666,179 12,059,701
Common Class A
   
Common stock - $.33 1/3 par value    
Common stock, value 49,423 48,084
Total Equity 49,423 48,084
Common Class B
   
Common stock - $.33 1/3 par value    
Common stock, value 6,996 7,073
Total Equity 6,996 7,073
Series A Preferred Stock
   
Shareholders' Equity    
Preferred stock 220,000 220,000
Common stock - $.33 1/3 par value    
Total Equity 220,000 220,000
Other Preferred Stock
   
Shareholders' Equity    
Preferred stock