XML 44 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Parent Company [Member]
   
Real estate investments at cost:    
Land $ 1,168,160 $ 1,093,700
Buildings and improvements 2,408,966 2,284,522
Properties in development 499,584 610,932
Gross real estate investments at cost 4,076,710 3,989,154
Less: accumulated depreciation 755,378 700,878
Net real estate investments at cost 3,321,332 3,288,276
Investments in real estate partnerships 425,559 428,592
Net real estate investments 3,746,891 3,716,868
Cash and cash equivalents 18,408 22,460
Accounts receivable, net of allowance for doubtful accounts of $4,827 and $4,819 at June 30, 2011 and December 31, 2010, respectively 27,301 36,600
Straight-line rent receivable, net of allowance of $1,598 and $1,396 at June 30, 2011 and December 31, 2010, respectively 47,768 45,241
Notes receivable 35,931 35,931
Deferred costs, less accumulated amortization of $68,172 and $69,158 at June 30, 2011 and December 31, 2010, respectively 62,912 63,165
Acquired lease intangible assets, less accumulated amortization of $13,707 and $13,996 at June 30, 2011 and December 31, 2010, respectively 18,320 18,219
Trading securities held in trust, at fair value 23,285 20,891
Other assets 39,474 35,164
Total assets 4,020,290 3,994,539
Liabilities:    
Notes payable 1,940,145 2,084,469
Unsecured line of credit 30,000 10,000
Accounts payable and other liabilities 121,617 138,196
Acquired lease intangible liabilities, less accumulated accretion of $4,434 and $11,010 at June 30, 2011 and December 31, 2010, respectively 8,682 6,682
Tenants' security and escrow deposits 11,152 10,790
Total liabilities 2,111,596 2,250,137
Commitments and contingencies    
Stockholders’ equity/Partners' capital:    
Preferred stock, $.01 par value per share, 30,000,000 shares authorized; 11,000,000 Series 3-5 shares issued and outstanding at June 30, 2011 and December 31, 2010 with liquidation preferences of $25 per share 275,000 275,000
Common stock $.01 par value per share, 150,000,000 shares authorized; 89,905,318 and 81,886,872 shares issued at June 30, 2011 and December 31, 2010, respectively 899 819
Treasury stock at cost, 330,620 and 347,482 shares held at June 30, 2011 and December 31, 2010, respectively (14,985) (16,175)
Additional paid in capital 2,259,745 2,039,612
Accumulated other comprehensive loss (76,162) (80,885)
Distributions in excess of net income (596,898) (533,194)
Total stockholders' equity 1,847,599 1,685,177
Noncontrolling interests:    
Series D preferred units, aggregate redemption value of $50,000 at June 30, 2011 and December 31, 2010 49,158 49,158
Exchangeable operating partnership units, aggregate redemption value of $7,790 and $7,483 at June 30, 2011 and December 31, 2010, respectively (862) (762)
Limited partners' interests in consolidated partnerships 12,799 10,829
Total noncontrolling interests 61,095 59,225
Total equity/capital 1,908,694 1,744,402
Total liabilities and equity/capital 4,020,290 3,994,539
Partnership Interest [Member]
   
Real estate investments at cost:    
Land 1,168,160 1,093,700
Buildings and improvements 2,408,966 2,284,522
Properties in development 499,584 610,932
Gross real estate investments at cost 4,076,710 3,989,154
Less: accumulated depreciation 755,378 700,878
Net real estate investments at cost 3,321,332 3,288,276
Investments in real estate partnerships 425,559 428,592
Net real estate investments 3,746,891 3,716,868
Cash and cash equivalents 18,408 22,460
Accounts receivable, net of allowance for doubtful accounts of $4,827 and $4,819 at June 30, 2011 and December 31, 2010, respectively 27,301 36,600
Straight-line rent receivable, net of allowance of $1,598 and $1,396 at June 30, 2011 and December 31, 2010, respectively 47,768 45,241
Notes receivable 35,931 35,931
Deferred costs, less accumulated amortization of $68,172 and $69,158 at June 30, 2011 and December 31, 2010, respectively 62,912 63,165
Acquired lease intangible assets, less accumulated amortization of $13,707 and $13,996 at June 30, 2011 and December 31, 2010, respectively 18,320 18,219
Trading securities held in trust, at fair value 23,285 20,891
Other assets 39,474 35,164
Total assets 4,020,290 3,994,539
Liabilities:    
Notes payable 1,940,145 2,084,469
Unsecured line of credit 30,000 10,000
Accounts payable and other liabilities 121,617 138,196
Acquired lease intangible liabilities, less accumulated accretion of $4,434 and $11,010 at June 30, 2011 and December 31, 2010, respectively 8,682 6,682
Tenants' security and escrow deposits 11,152 10,790
Total liabilities 2,111,596 2,250,137
Commitments and contingencies    
Stockholders’ equity/Partners' capital:    
Preferred stock, $.01 par value per share, 30,000,000 shares authorized; 11,000,000 Series 3-5 shares issued and outstanding at June 30, 2011 and December 31, 2010 with liquidation preferences of $25 per share 49,158 49,158
Preferred units of general partner, $.01 par value per unit, 11,000,000 units issued and outstanding at June 30, 2011 and December 31, 2010, liquidation preference of $25 per unit 275,000 275,000
General partner; 89,905,318 and 81,886,872 units outstanding at June 30, 2011 and December 31, 2010, respectively 1,648,761 1,491,062
Limited partners; 177,164 units outstanding at June 30, 2011 and December 31, 2010 (862) (762)
Accumulated other comprehensive loss (76,162) (80,885)
Total partners' capital 1,895,895 1,733,573
Noncontrolling interests:    
Limited partners' interests in consolidated partnerships 12,799 10,829
Total noncontrolling interests 12,799 10,829
Total equity/capital 1,908,694 1,744,402
Total liabilities and equity/capital $ 4,020,290 $ 3,994,539