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Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues:        
Rentals, net $ 126,406 $ 119,746 $ 363,770 $ 347,882
Other 3,139 3,123 8,444 11,123
Total 129,545 122,869 372,214 359,005
Expenses:        
Depreciation and amortization 36,623 33,487 103,909 98,489
Operating 26,583 22,494 73,088 66,777
Real estate taxes, net 15,259 14,658 43,557 42,054
Impairment loss 159 31,658 9,908 51,319
General and administrative 6,421 5,762 21,105 18,898
Total 85,045 108,059 251,567 277,537
Operating Income 44,500 14,810 120,647 81,468
Interest Expense, net (28,109) (35,475) (88,587) (108,268)
Interest and Other Income (Loss), net 1,818 (494) 4,786 2,984
Gain on Sale of Real Estate Joint Venture and Partnership Interests 0 0 5,562 0
Equity in Earnings (Losses) of Real Estate Joint Ventures and Partnerships, net 4,905 (3,034) (6,715) 3,942
Gain on Acquisition 1,869 0 1,869 0
(Provision) Benefit for Income Taxes (733) (471) (462) 67
Income (Loss) from Continuing Operations 24,250 (24,664) 37,100 (19,807)
Operating Income (Loss) from Discontinued Operations 2,636 (12,272) 9,763 1,802
Gain on Sale of Property from Discontinued Operations 14,826 586 49,724 586
Income (Loss) from Discontinued Operations 17,462 (11,686) 59,487 2,388
Gain on Sale of Property 335 392 859 1,588
Net Income (Loss) 42,047 (35,958) 97,446 (15,831)
Less: Net (Income) Loss Attributable to Noncontrolling Interests (1,774) 2,738 (4,557) 410
Net Income (Loss) Adjusted for Noncontrolling Interests 40,273 (33,220) 92,889 (15,421)
Dividends on Preferred Shares (8,869) (8,869) (26,607) (26,607)
Net Income (Loss) Attributable to Common Shareholders 31,404 (42,089) 66,282 (42,028)
Earnings Per Common Share - Basic:        
Income (loss) from continuing operations attributable to common shareholders $ 0.12 $ (0.25) $ 0.06 $ (0.37)
Income (loss) from discontinued operations $ 0.14 $ (0.10) $ 0.49 $ 0.02
Net income (loss) attributable to common shareholders $ 0.26 $ (0.35) $ 0.55 $ (0.35)
Earnings Per Common Share - Diluted:        
Income (loss) from continuing operations attributable to common shareholders $ 0.12 $ (0.25) $ 0.05 $ (0.37)
Income (loss) from discontinued operations $ 0.14 $ (0.10) $ 0.49 $ 0.02
Net income (loss) attributable to common shareholders $ 0.26 $ (0.35) $ 0.54 $ (0.35)
Comprehensive Income (Loss):        
Net Income (Loss) 42,047 (35,958) 97,446 (15,831)
Net unrealized loss on derivatives (49) (542) (181) (832)
Amortization of loss on derivatives 664 654 1,985 1,892
Comprehensive Income (Loss) 42,662 (35,846) 99,250 (14,771)
Comprehensive (Income) Loss Attributable to Noncontrolling Interests (1,774) 2,738 (4,557) 410
Comprehensive Income (Loss) Adjusted for Noncontrolling Interests $ 40,888 $ (33,108) $ 94,693 $ (14,361)