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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
REVENUES      
Rental income $ 1,957,373 $ 1,817,853 $ 1,847,403
Fee and asset management 9,476 10,346 10,715
Total revenues 1,966,849 1,828,199 1,858,118
EXPENSES      
Property and maintenance 490,301 456,628 477,814
Real estate taxes and insurance 224,842 203,732 191,781
Property management 80,087 71,300 76,824
Fee and asset management 4,998 7,345 7,840
Depreciation 648,691 551,512 528,641
General and administrative 39,887 38,994 44,951
Impairment 45,380 11,124 116,418
Total expenses 1,534,186 1,340,635 1,444,269
Operating income 432,663 487,564 413,849
Interest and other income 5,313 16,585 33,260
Other expenses (11,928) (6,487) (5,760)
Interest:      
Expense incurred, net (470,551) (496,146) (481,770)
Amortization of deferred financing costs (10,172) (12,545) (9,626)
(Loss) before income and other taxes, (loss) from investments in unconsolidated entities, net gain (loss) on sales of unconsolidated entities and land parcels and discontinued operations (54,675) (11,029) (50,047)
Income and other tax (expense) benefit (331) (2,804) (5,279)
(Loss) from investments in unconsolidated entities (735) (2,815) (107)
Net gain on sales of unconsolidated entities 28,101 10,689 2,876
Net (loss) gain on sales of land parcels (1,395)   2,976
(Loss) from continuing operations (29,035) (5,959) (49,581)
Discontinued operations, net 325,018 387,988 485,994
Net income 295,983 382,029 436,413
Net (income) loss attributable to Noncontrolling Interests:      
Operating Partnership (13,099) (20,305) (26,126)
Preference Interests and Units   (9) (15)
Partially Owned Properties 726 558 (2,650)
Net income attributable to controlling interests 283,610 362,273 407,622
Preferred distributions (14,368) (14,479) (14,507)
Net income available to Common Shares $ 269,242 $ 347,794 $ 393,115
Earnings per share - basic:      
(Loss) from continuing operations available to Common Shares $ (0.14) $ (0.07) $ (0.23)
Net income available to Common Shares $ 0.95 $ 1.27 $ 1.46
Weighted average Common Shares outstanding 282,888 273,609 270,012
Earnings per share - diluted:      
(Loss) from continuing operations available to Common Shares $ (0.14) $ (0.07) $ (0.23)
Net income available to Common Shares $ 0.95 $ 1.27 $ 1.46
Weighted average Common Shares outstanding 282,888 273,609 270,012