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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Parent Company [Member]
       
Revenues        
Minimum rent $ 89,684 $ 85,845 $ 179,068 $ 172,049
Percentage rent 151 264 1,058 624
Recoveries from tenants and other income 26,352 25,624 55,317 56,207
Management, transaction, and other fees 12,195 9,518 20,053 16,449
Total revenues 128,382 121,251 255,496 245,329
Operating Expenses        
Depreciation and amortization 32,057 31,395 67,247 62,623
Operating and maintenance 17,861 17,221 37,436 34,819
General and administrative 15,177 12,656 32,131 27,974
Real estate taxes 14,297 14,378 29,000 28,871
Provision for doubtful accounts 1,586 63 2,212 2,402
Other expenses (income) 735 1,080 (174) 1,687
Total operating expenses 81,713 76,793 167,852 158,376
Other expense (income):        
Interest expense, net of interest income of $587 and $640 for the three months ended June 30, 2011 and 2010, respectively, and $1,188 and $1,315 for the six months ended June 30, 2011 and 2010, respectively 30,563 30,635 61,428 59,764
Loss (gain) on sale of properties in development 0 226 0 (565)
(Income) loss from deferred compensation plan (143) 988 (888) 374
Loss on derivatve instruments 0 (579) 0 (922)
Total other expense (income) (30,420) (32,428) (60,540) (60,495)
Income before equity in income (loss) of investments in real estate partnerships 16,249 12,030 27,104 26,458
Equity in income (loss) of investments in real estate partnerships 2,688 1,782 (37) (2,110)
Income from continuing operations 18,937 13,812 27,067 24,348
Discontinued operations, net:        
Operating (loss) income 0 (76) 0 30
(Loss) gain on sale of operating properties and properties in development 0 (32) 0 6,765
(Loss) income from discontinued operations 0 (108) 0 6,795
Net income 18,937 13,704 27,067 31,143
Noncontrolling interests:        
Preferred units (931) (931) (1,862) (1,862)
Exchangeable operating partnership units (37) (27) (50) (121)
Limited partners' interest in consolidated partnerships (189) (79) (271) (175)
Net income attributable to noncontrolling interests (1,157) (1,037) (2,183) (2,158)
Net income attributable to controlling interests 17,780 12,667 24,884 28,985
Preferred stock dividends (4,919) (4,919) (9,838) (9,838)
Net income attributable to common stockholders 12,861 7,748 15,046 19,147
Income per common share/unit - basic:        
Continuing operations $ 0.14 $ 0.09 $ 0.17 $ 0.15
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.08
Net income attributable to common stockholders $ 0.14 $ 0.09 $ 0.17 $ 0.23
Income per common share/unit - diluted:        
Continuing operations $ 0.14 $ 0.09 $ 0.17 $ 0.15
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.08
Net income attributable to common stockholders $ 0.14 $ 0.09 $ 0.17 $ 0.23
Partnership Interest [Member]
       
Revenues        
Minimum rent 89,684 85,845 179,068 172,049
Percentage rent 151 264 1,058 624
Recoveries from tenants and other income 26,352 25,624 55,317 56,207
Management, transaction, and other fees 12,195 9,518 20,053 16,449
Total revenues 128,382 121,251 255,496 245,329
Operating Expenses        
Depreciation and amortization 32,057 31,395 67,247 62,623
Operating and maintenance 17,861 17,221 37,436 34,819
General and administrative 15,177 12,656 32,131 27,974
Real estate taxes 14,297 14,378 29,000 28,871
Provision for doubtful accounts 1,586 63 2,212 2,402
Other expenses (income) 735 1,080 (174) 1,687
Total operating expenses 81,713 76,793 167,852 158,376
Other expense (income):        
Interest expense, net of interest income of $587 and $640 for the three months ended June 30, 2011 and 2010, respectively, and $1,188 and $1,315 for the six months ended June 30, 2011 and 2010, respectively 30,563 30,635 61,428 59,764
Loss (gain) on sale of properties in development 0 226 0 (565)
(Income) loss from deferred compensation plan (143) 988 (888) 374
Loss on derivatve instruments 0 (579) 0 (922)
Total other expense (income) (30,420) (32,428) (60,540) (60,495)
Income before equity in income (loss) of investments in real estate partnerships 16,249 12,030 27,104 26,458
Equity in income (loss) of investments in real estate partnerships 2,688 1,782 (37) (2,110)
Income from continuing operations 18,937 13,812 27,067 24,348
Discontinued operations, net:        
Operating (loss) income 0 (76) 0 30
(Loss) gain on sale of operating properties and properties in development 0 (32) 0 6,765
(Loss) income from discontinued operations 0 (108) 0 6,795
Net income 18,937 13,704 27,067 31,143
Noncontrolling interests:        
Limited partners' interest in consolidated partnerships (189) (79) (271) (175)
Net income attributable to noncontrolling interests (189) (79) (271) (175)
Net income attributable to controlling interests 18,748 13,625 26,796 30,968
Preferred unit distributions (5,850) (5,850) (11,700) (11,700)
Net income attributable to common unit holders $ 12,898 $ 7,775 $ 15,096 $ 19,268
Income per common share/unit - basic:        
Continuing operations $ 0.14 $ 0.09 $ 0.17 $ 0.15
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.08
Net income attributable to common unit holders $ 0.14 $ 0.09 $ 0.17 $ 0.23
Income per common share/unit - diluted:        
Continuing operations $ 0.14 $ 0.09 $ 0.17 $ 0.15
Discontinued operations $ 0.00 $ 0.00 $ 0.00 $ 0.08
Net income attributable to common unit holders $ 0.14 $ 0.09 $ 0.17 $ 0.23