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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rentals, net $ 127,828 $ 116,013 $ 251,890 $ 227,951
Other 3,749 2,584 6,389 5,262
Total 131,577 118,597 258,279 233,213
Expenses:        
Depreciation and amortization 38,190 32,465 76,895 64,731
Operating 25,003 22,906 49,452 44,520
Real estate taxes, net 15,444 13,976 30,104 27,268
Impairment loss 165 2,536 221 9,388
General and administrative 6,194 6,378 12,861 14,685
Total 84,996 78,261 169,533 160,592
Operating Income 46,581 40,336 88,746 72,621
Interest Expense, net (28,772) (28,628) (46,175) (59,359)
Interest and Other Income, net 2,098 582 3,924 2,968
Gain on Sale of Real Estate Joint Venture and Partnership Interests 83 0 11,592 5,562
Equity in Earnings (Losses) of Real Estate Joint Ventures and Partnerships, net 4,729 (15,695) 9,342 (11,620)
(Provision) Benefit for Income Taxes (197) 279 (33) 313
Income (Loss) from Continuing Operations 24,522 (3,126) 67,396 10,485
Operating Income from Discontinued Operations 1,379 4,539 3,180 9,492
Gain on Sale of Property from Discontinued Operations 78,012 31,264 78,012 34,898
Income from Discontinued Operations 79,391 35,803 81,192 44,390
Gain on Sale of Property 265 84 407 524
Net Income 104,178 32,761 148,995 55,399
Less: Net Income Attributable to Noncontrolling Interests (37,742) (1,342) (39,209) (2,783)
Net Income Adjusted for Noncontrolling Interests 66,436 31,419 109,786 52,616
Dividends on Preferred Shares (5,313) (8,869) (12,753) (17,738)
Redemption Costs of Preferred Shares (15,702) 0 (17,944) 0
Net Income Attributable to Common Shareholders 45,421 22,550 79,089 34,878
Earnings Per Common Share - Basic:        
Income (loss) from continuing operations attributable to common shareholders $ 0.02 $ (0.10) $ 0.29 $ (0.07)
Income from discontinued operations $ 0.35 $ 0.29 $ 0.36 $ 0.36
Net income attributable to common shareholders $ 0.37 $ 0.19 $ 0.65 $ 0.29
Earnings Per Common Share - Diluted:        
Income (loss) from continuing operations attributable to common shareholders $ 0.02 $ (0.10) $ 0.29 $ (0.07)
Income from discontinued operations $ 0.35 $ 0.29 $ 0.36 $ 0.36
Net income attributable to common shareholders $ 0.37 $ 0.19 $ 0.65 $ 0.29
Comprehensive Income:        
Net Income 104,178 32,761 148,995 55,399
Other Comprehensive Income:        
Net unrealized gain (loss) on derivatives 9,135 (148) 7,028 (132)
Amortization of loss on derivatives 666 662 1,322 1,321
Retirement liability adjustment 364 0 729 0
Total 10,165 514 9,079 1,189
Comprehensive Income 114,343 33,275 158,074 56,588
Comprehensive Income Attributable to Noncontrolling Interests (37,742) (1,342) (39,209) (2,783)
Comprehensive Income Adjusted for Noncontrolling Interests $ 76,601 $ 31,933 $ 118,865 $ 53,805