XML 53 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rentals, net $ 127,791 $ 118,292 $ 252,424 $ 233,519
Other 2,400 3,703 5,359 6,303
Total 130,191 121,995 257,783 239,822
Expenses:        
Depreciation and amortization 36,630 35,513 77,254 71,691
Operating 23,920 23,498 48,535 46,532
Real estate taxes, net 16,358 14,376 31,007 27,979
Impairment loss 0 165 0 221
General and administrative 5,820 6,184 11,733 12,848
Total 82,728 79,736 168,529 159,271
Operating Income 47,463 42,259 89,254 80,551
Interest Expense, net (24,310) (27,025) (48,890) (42,464)
Interest and Other Income, net 803 2,097 2,797 3,923
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 1,718 83 1,718 11,592
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 4,048 4,729 8,450 9,342
Benefit (Provision) for Income Taxes 2,081 (147) 1,601 30
Income from Continuing Operations 31,803 21,996 54,930 62,974
Operating Income from Discontinued Operations 63 3,905 342 7,602
Gain on Sale of Property from Discontinued Operations 3,370 78,012 44,582 78,012
Income from Discontinued Operations 3,433 81,917 44,924 85,614
Gain on Sale of Property 1,748 265 1,911 407
Net Income 36,984 104,178 101,765 148,995
Less: Net Income Attributable to Noncontrolling Interests (1,588) (37,742) (3,066) (39,209)
Net Income Adjusted for Noncontrolling Interests 35,396 66,436 98,699 109,786
Dividends on Preferred Shares (2,710) (5,313) (5,420) (12,753)
Redemption Costs of Preferred Shares 0 (15,702) 0 (17,944)
Net Income Attributable to Common Shareholders $ 32,686 $ 45,421 $ 93,279 $ 79,089
Earnings Per Common Share - Basic:        
Income from continuing operations attributable to common shareholders $ 0.24 $ 0.00 $ 0.40 $ 0.25
Income from discontinued operations $ 0.03 $ 0.37 $ 0.37 $ 0.40
Net income attributable to common shareholders $ 0.27 $ 0.37 $ 0.77 $ 0.65
Earnings Per Common Share - Diluted:        
Income from continuing operations attributable to common shareholders $ 0.24 $ 0.00 $ 0.39 $ 0.25
Income from discontinued operations $ 0.03 $ 0.37 $ 0.37 $ 0.40
Net income attributable to common shareholders $ 0.27 $ 0.37 $ 0.76 $ 0.65