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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues        
Revenues from rental properties $ 283,387 $ 246,555 $ 847,973 $ 703,139
Management and other fee income 4,995 8,679 17,926 26,245
Total revenues 288,382 255,234 865,899 729,384
Operating expenses        
Rent 2,913 3,559 9,479 10,362
Real estate taxes 36,571 31,470 109,343 91,542
Operating and maintenance 34,915 30,561 104,926 85,618
General and administrative expenses 27,310 28,632 89,322 94,525
Provision for doubtful accounts 1,920 901 5,324 4,094
Impairment charges     27,989 107,034
Depreciation and amortization 103,708 67,130 258,432 185,307
Total operating expenses 213,395 164,844 604,734 499,836
Operating income 74,987 90,390 261,165 229,548
Other income/(expense)        
Mortgage financing income 445 417 2,497 2,544
Interest, dividends and other investment income 5,692 264 38,011 643
Other income/(expense), net 615 (1,397) 100 (4,307)
Interest expense (54,031) (51,225) (162,739) (153,936)
Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments 27,708 38,449 139,034 74,492
Provision for income taxes, net (2,844) (5,252) (11,933) (14,693)
Equity in income of equity method investments, net     130,808 150,073
Income from continuing operations 53,419 105,451 435,288 310,049
Discontinued operations        
Income/(loss) from discontinued operating properties, net of tax   6,715 (15) 31,552
Impairment/loss on operating properties, net of tax   (4,116) (60) (75,675)
Gain on disposition of operating properties, net of tax   89,259   118,804
Income/(loss) from discontinued operations   91,858 (75) 74,681
Gain on sale of operating properties, net of tax 27,665   86,219 389
Net income 81,084 197,309 521,432 385,119
Net income attributable to noncontrolling interests (3,512) (2,601) (6,518) (13,899)
Net income attributable to the Company 77,572 194,708 514,914 371,220
Preferred dividends (14,573) (14,573) (43,719) (43,720)
Net income available to the Company's common shareholders $ 62,999 $ 180,135 $ 471,195 $ 327,500
Income from continuing operations:        
-Basic (in Dollars per share) $ 0.15 $ 0.21 $ 1.14 $ 0.63
-Diluted (in Dollars per share) 0.15 0.21 1.14 0.63
Net income attributable to the Company:        
-Basic (in Dollars per share) 0.15 0.44 1.14 0.80
-Diluted (in Dollars per share) $ 0.15 $ 0.44 $ 1.14 $ 0.80
Weighted average shares:        
-Basic (in Shares) 411,487 409,326 411,202 408,868
-Diluted (in Shares) 412,686 411,101 413,262 410,687
Amounts attributable to the Company's common shareholders:        
Income from continuing operations $ 62,999 $ 88,275 $ 471,270 $ 260,246
Income/(loss) from discontinued operations   91,860 (75) 67,254
Gain on change in control of interests, net 6,342 14,431 146,143 83,773
Joint Ventures [Member]        
Other income/(expense)        
Equity in income of equity method investments, net 10,894 51,787 130,808 150,073
Other Real Estate Investments [Member]        
Other income/(expense)        
Equity in income of equity method investments, net 11,319 6,036 31,236 16,404
Continuing Operations [Member]        
Operating expenses        
Impairment charges $ 6,058 $ 2,591 $ 27,908 $ 28,388