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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Continuing Operations [Member]        
Operating expenses        
Impairment charges $ 10,073 $ 6,058 $ 68,126 $ 27,908
Joint Ventures [Member]        
Other income/(expense)        
Equity in income of joint ventures, net 11,537 10,894 190,155 130,808
Other Real Estate Investments [Member]        
Operating expenses        
Impairment charges       5,300
Other income/(expense)        
Equity in income of joint ventures, net 3,774 11,319 22,532 31,236
Revenues from rental properties 279,286 283,387 859,492 847,973
Management and other fee income 5,790 4,995 14,274 17,926
Total revenues 285,076 288,382 873,766 865,899
Rent 2,728 2,913 8,274 9,479
Real estate taxes 37,703 36,571 107,966 109,343
Operating and maintenance 32,590 34,915 100,366 104,926
General and administrative expenses 27,983 27,310 89,840 89,322
Provision for doubtful accounts 1,092 1,920 5,752 5,324
Impairment charges     68,126 27,989
Depreciation and amortization 96,827 103,708 264,436 258,432
Total operating expenses 208,996 213,395 644,760 604,734
Operating income 76,080 74,987 229,006 261,165
Mortgage financing income 408 445 1,232 2,497
Interest, dividends and other investment income 477 5,692 827 38,011
Other income, net 3,473 615 1,117 100
Interest expense (46,552) (54,031) (149,482) (162,739)
Early extinguishment of debt charges (45,674) (45,674)
Income/(loss) 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 (11,788) 27,708 37,026 139,034
Provision for income taxes, net (61,426) (2,844) (73,292) (11,933)
Equity in income of joint ventures, net 11,500 10,900 190,155 130,808
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 6,584 6,342 53,096 146,143
Income/(loss) from continuing operations (51,319) 53,419 229,517 435,288
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 9,771 27,665 75,935 86,219
Net income/(loss) (41,548) 81,084 305,452 521,432
Net income attributable to noncontrolling interests (1,997) (3,512) (4,875) (6,518)
Net income/(loss) attributable to the Company (43,545) 77,572 300,577 514,914
Preferred dividends (11,555) (14,573) (34,665) (43,719)
Net income/(loss) available to the Company's common shareholders $ (55,100) $ 62,999 $ 265,912 $ 471,195
-Basic (in dollars per share) $ (0.13) $ 0.15 $ 0.63 $ 1.14
-Diluted (in dollars per share) (0.13) 0.15 0.63 1.14
Net income/(loss) attributable to the Company:        
-Basic (in dollars per share) (0.13) 0.15 0.63 1.14
-Diluted (in dollars per share) $ (0.13) $ 0.15 $ 0.63 $ 1.14
Weighted average shares:        
-Basic (in shares) 420,073 411,487 416,829 411,202
-Diluted (in shares) 420,073 412,686 418,234 413,262
Income/(loss) from continuing operations $ (55,100) $ 62,999 $ 265,912 $ 471,270
Loss from discontinued operations (75)
Net income/(loss) $ (55,100) $ 62,999 $ 265,912 $ 471,195