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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES        
Rental income $ 541,569 $ 478,419 $ 1,063,162 $ 939,121
Fee and asset management 2,212 1,948 4,276 3,754
Total revenues 543,781 480,367 1,067,438 942,875
EXPENSES        
Property and maintenance 107,024 98,571 218,004 202,157
Real estate taxes and insurance 63,126 54,803 118,768 106,610
Property management 21,008 20,767 44,417 43,148
Fee and asset management 1,180 1,009 2,487 1,957
Depreciation 172,338 154,452 346,079 311,891
General and administrative 13,394 10,908 27,082 22,341
Total expenses 378,070 340,510 756,837 688,104
Operating income 165,711 139,857 310,601 254,771
Interest and other income 259 277 431 1,288
Other expenses (9,517) (4,630) (16,584) (6,790)
Interest:        
Expense incurred, net (115,618) (119,997) (234,247) (240,443)
Amortization of deferred financing costs (4,063) (4,396) (7,037) (7,401)
Income before income and other taxes, net gain on sales of land parcels and discontinued operations 36,772 11,111 53,164 1,425
Income and other tax (expense) benefit (214) (202) (405) (386)
Net gain on sales of land parcels 0 4,217 0 4,217
Income from continuing operations 36,558 15,126 52,759 5,256
Discontinued operations, net 71,757 566,627 207,723 709,563
Net income 108,315 581,753 260,482 714,819
Net (income) attributable to Noncontrolling Interests:        
Operating Partnership (4,732) (25,758) (11,150) (31,533)
Partially Owned Properties (319) (71) (769) (31)
Net income attributable to controlling interests 103,264 555,924 248,563 683,255
Preferred distributions (3,467) (3,467) (6,933) (6,933)
Net income available to Common Shares $ 99,797 $ 552,457 $ 241,630 $ 676,322
Earnings per share - basic:        
Income (loss) from continuing operations available to Common Shares $ 0.104 $ 0.038 $ 0.144 $ (0.006)
Net income available to Common Shares $ 0.332 $ 1.875 $ 0.807 $ 2.302
Weighted average Common Shares outstanding 300,193 294,663 299,499 293,784
Earnings per share - diluted:        
Income (loss) from continuing operations available to Common Shares $ 0.103 $ 0.037 $ 0.142 $ (0.006)
Net income available to Common Shares $ 0.329 $ 1.852 $ 0.799 $ 2.302
Weighted average Common Shares outstanding 317,648 312,199 316,457 293,784
Distributions declared per Common Share outstanding $ 0.3375 $ 0.3375 $ 0.6750 $ 0.6750