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Condensed Consolidated Statements Of Operations And Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Rentals, net $ 123,005 $ 117,843 $ 241,724 $ 232,511
Other 2,615 5,482 5,330 8,020
Total 125,620 123,325 247,054 240,531
Expenses:        
Depreciation and amortization 34,332 33,457 68,431 66,154
Operating 24,315 23,646 47,103 44,925
Real estate taxes, net 14,744 13,736 28,801 27,914
Impairment loss 4,293 18,891 11,145 19,661
General and administrative 6,378 6,600 14,684 13,136
Total 84,062 96,330 170,164 171,790
Operating Income 41,558 26,995 76,890 68,741
Interest Expense, net (29,311) (37,036) (60,740) (73,649)
Interest and Other Income, net 582 1,423 2,968 3,478
Gain on Sale of Real Estate Joint Venture and Partnership Interests 0 0 5,562 0
Equity in (Losses) Earnings of Real Estate Joint Ventures and Partnerships, net (15,695) 3,579 (11,620) 6,976
Benefit for Income Taxes 220 190 242 506
(Loss) Income from Continuing Operations (2,646) (4,849) 13,302 6,052
Operating Income from Discontinued Operations 4,059 7,652 6,675 12,879
Gain on Sale of Property from Discontinued Operations 31,264 0 34,898 0
Income from Discontinued Operations 35,323 7,652 41,573 12,879
Gain on Sale of Property 84 136 524 1,196
Net Income 32,761 2,939 55,399 20,127
Less: Net Income Attributable to Noncontrolling Interests (1,342) (1,236) (2,783) (2,328)
Net Income Adjusted for Noncontrolling Interests 31,419 1,703 52,616 17,799
Dividends on Preferred Shares (8,869) (8,869) (17,738) (17,738)
Net Income (Loss) Attributable to Common Shareholders 22,550 (7,166) 34,878 61
Earnings Per Common Share - Basic:        
Loss from continuing operations attributable to common shareholders $ (0.10) $ (0.12) $ (0.05) $ (0.11)
Income from discontinued operations $ 0.29 $ 0.06 $ 0.34 $ 0.11
Net income (loss) attributable to common shareholders $ 0.19 $ (0.06) $ 0.29 $ 0.00
Earnings Per Common Share - Diluted:        
Loss from continuing operations attributable to common shareholders $ (0.10) $ (0.12) $ (0.05) $ (0.11)
Income from discontinued operations $ 0.29 $ 0.06 $ 0.34 $ 0.11
Net income (loss) attributable to common shareholders $ 0.19 $ (0.06) $ 0.29 $ 0.00
Comprehensive Income:        
Net Income 32,761 2,939 55,399 20,127
Net unrealized loss on derivatives (148) (401) (132) (290)
Amortization of loss on derivatives 662 619 1,321 1,238
Comprehensive Income 33,275 3,157 56,588 21,075
Comprehensive Income Attributable to Noncontrolling Interests (1,342) (1,236) (2,783) (2,328)
Comprehensive Income Adjusted for Noncontrolling Interests $ 31,933 $ 1,921 $ 53,805 $ 18,747