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Consolidated Statements of Cash Flows (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities:    
Net income $ 338,492,000 $ 576,790,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization (including amortization of deferred financing costs) 285,617,000 273,980,000
Equity in net income of partially owned entities, including Toys R Us (129,504,000) (131,993,000)
Net gains on sale of real estate (72,713,000) (51,623,000)
(Loss) income from the mark-to-market of J.C. Penney derivative position 57,687,000 (10,401,000)
Straight-lining of rental income (43,124,000) (22,291,000)
Distributions of income from partially owned entities 34,613,000 43,741,000
Unrealized gain on Real Estate Fund assets (27,979,000) (13,570,000)
Amortization of below-market leases, net (26,457,000) (33,704,000)
Other non-cash adjustments 20,993,000 14,381,000
Impairment losses 13,511,000 0
Net gain on disposition of wholly owned and partially owned assets (4,856,000) (6,677,000)
Net gain on extinguishment of debt 0 (83,907,000)
Mezzanine loans loss reversal and net gain on disposition 0 (82,744,000)
Changes in operating assets and liabilities:    
Real Estate Fund investments (85,867,000) (97,802,000)
Accounts receivable, net (8,971,000) (11,478,000)
Prepaid assets (100,012,000) (117,503,000)
Other assets (18,582,000) (10,424,000)
Accounts payable and accrued expenses 25,940,000 13,250,000
Other liabilities 5,076,000 12,015,000
Net cash provided by operating activities 263,864,000 260,040,000
Cash Flows from Investing Activities:    
Proceeds from sales of real estate and related investments 370,037,000 130,789,000
Additions to real estate (83,368,000) (86,944,000)
Funding of J.C. Penney derivative collateral (70,000,000) 0
Proceeds from sales of marketable securities 58,460,000 19,301,000
Development costs and construction in progress (58,069,000) (32,489,000)
Investments in partially owned entities (57,237,000) (426,376,000)
Acquisitions of real estate and other (32,156,000) 0
Return of J.C. Penney derivative collateral 24,950,000 0
Distributions of capital from partially owned entities 17,963,000 271,375,000
Restricted cash (14,658,000) 91,127,000
Proceeds from the repayment of loan to officer 13,123,000 0
Proceeds from sales and repayments of mezzanine loans 1,994,000 99,990,000
Investments in mezzanine loans receivable and other (145,000) (43,516,000)
Net cash provided by investing activities 170,894,000 23,257,000
Cash Flows from Financing Activities:    
Repayments of borrowings (1,507,220,000) (1,636,817,000)
Proceeds from borrowings 1,225,000,000 1,284,167,000
Dividends paid on common shares (256,119,000) (254,099,000)
Contributions from noncontrolling interests 108,349,000 109,605,000
Distributions to noncontrolling interests (69,367,000) (62,111,000)
Dividends paid on preferred shares (35,576,000) (27,117,000)
Repurchase of shares related to stock compensation agreements and/or related tax withholdings (30,034,000) (748,000)
Debt issuance and other costs (14,648,000) (23,319,000)
Proceeds received from exercise of employee share options 9,667,000 21,330,000
Proceeds from the issuance of Series J preferred shares 0 214,538,000
Purchase of outstanding preferred units and shares 0 (8,000,000)
Net cash used in financing activities (569,948,000) (382,571,000)
Net decrease in cash and cash equivalents (135,190,000) (99,274,000)
Cash and cash equivalents at beginning of period 606,553,000 690,789,000
Cash and cash equivalents at end of period 471,363,000 591,515,000
Supplemental Disclosure of Cash Flow Information:    
Cash payments for interest, net of capitalized interest of $361 and $0 163,928,000 256,776,000
Cash payments for income taxes 6,494,000 5,416,000
Non-Cash Investing and Financing Activities:    
Change in unrealized net (loss) gain on securities available-for-sale (220,525,000) 40,844,000
Adjustment to carry redeemable Class A units at redemption value (110,581,000) (104,693,000)
L.A. Mart seller financing 35,000,000 0
Common shares issued upon redemption of Class A units, at redemption value 24,976,000 35,208,000
Contribution of mezzanine loan receivable to a joint venture 0 73,750,000
Like-kind exchange of real estate 0 (45,625,000)
Decrease in assets and liabilities resulting from deconsolidation of discontinued operations:    
Assets related to discontinued operations 0 (145,333,000)
Liabilities related to discontinued operations 0 (232,502,000)
Write-off of fully depreciated assets (131,770,000) (32,794,000)
Toys R Us [Member]
   
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in net income of partially owned entities, including Toys R Us (97,281,000) (90,098,000)
All Equity Method Investees Excluding Toys [Member]
   
Adjustments to reconcile net income to net cash provided by operating activities:    
Equity in net income of partially owned entities, including Toys R Us $ (32,223,000) $ (41,895,000)