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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Continuing Operations [Member]        
Operating expenses        
Asset Impairment Charges $ 52,213 $ 15,459 $ 58,053 $ 21,850
Joint Ventures [Member]        
Other income/(expense)        
Equity in income of joint ventures, net 108,685 22,364 178,618 119,914
Other Real Estate Investments [Member]        
Operating expenses        
Asset Impairment Charges       4,000
Other income/(expense)        
Equity in income of joint ventures, net 7,959 5,548 18,758 19,917
Revenues from rental properties 287,115 289,080 580,206 564,586
Management and other fee income 4,373 4,981 8,484 12,931
Total revenues 291,488 294,061 588,690 577,517
Rent 2,728 3,012 5,546 6,566
Real estate taxes 35,791 36,700 70,263 72,772
Operating and maintenance 33,223 36,109 67,776 70,011
General and administrative expenses 29,928 29,307 61,857 62,012
Provision for doubtful accounts 1,185 1,107 4,660 3,404
Asset Impairment Charges     58,053 21,931
Depreciation and amortization 82,753 80,155 167,609 154,724
Total operating expenses 237,821 201,849 435,764 391,339
Operating income 53,667 92,212 152,926 186,178
Mortgage financing income 414 916 824 2,052
Interest, dividends and other investment income 644 32,102 350 32,319
Other (expense)/income, net (2,070) 470 (2,356) (515)
Interest expense (50,479) (56,130) (102,930) (108,708)
Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income of other real estate investments 2,176 69,570 48,814 111,326
Benefit/(provision) for income taxes, net 246 3,628 (11,866) (9,089)
Equity in income of joint ventures, net 108,700 22,400 178,618 119,914
Gain on change in control of interests, net 46,512 46,512 139,801
Income from continuing operations 165,578 101,110 280,836 381,869
Discontinued operations        
Loss from discontinued operating properties, net of tax (15)
Impairment/loss on operating properties, net of tax (60)
Loss from discontinued operations (75)
Gain on sale of operating properties, net of tax 39,268 26,499 66,164 58,554
Net income 204,846 127,609 347,000 440,348
Net income attributable to noncontrolling interests (1,437) (609) (2,878) (3,006)
Net income attributable to the Company 203,409 127,000 344,122 437,342
Preferred dividends (11,555) (14,573) (23,110) (29,146)
Net income available to the Company's common shareholders $ 191,854 $ 112,427 $ 321,012 $ 408,196
-Basic (in dollars per share) $ 0.46 $ 0.27 $ 0.77 $ 0.99
-Diluted (in dollars per share) 0.46 0.27 0.77 0.98
Net income attributable to the Company:        
-Basic (in dollars per share) 0.46 0.27 0.77 0.99
-Diluted (in dollars per share) $ 0.46 $ 0.27 $ 0.77 $ 0.98
Weighted average shares:        
-Basic (in shares) 417,748 411,317 415,189 411,057
-Diluted (in shares) 419,302 413,086 416,732 413,148
Income from continuing operations $ 191,854 $ 112,427 $ 321,012 $ 408,271
Loss from discontinued operations (75)
Net income $ 191,854 $ 112,427 $ 321,012 $ 408,196