XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Other expense (income):    
Income tax expense of taxable REIT subsidiary   $ 231
Discontinued operations, net:    
Gain on sale of operating properties, net   6,301
Parent Company [Member]
   
Revenues:    
Minimum rent 90,726 91,395
Percentage rent 1,548 1,160
Recoveries from tenants and other income 27,053 26,538
Management, transaction, and other fees 6,761 7,150
Total revenues 126,088 126,243
Operating expenses:    
Depreciation and amortization 32,764 32,480
Operating and maintenance 17,909 18,484
General and administrative 17,975 16,122
Real estate taxes 13,898 15,145
Other expenses 1,523 1,358
Total operating expenses 84,069 83,589
Other expense (income):    
Interest expense, net of interest income of $459 and $535 in 2013 and 2012, respectively 27,832 28,958
Net investment income from deferred compensation plan, including unrealized gains of $831 and $1,224 in 2013 and 2012, respectively (1,071) (1,528)
Total other expense 26,761 27,430
Income before equity in income of investments in real estate partnerships 15,258 15,224
Equity in income of investments in real estate partnerships 5,876 2,966
Income from continuing operations before tax 21,134 18,190
Income tax expense of taxable REIT subsidiary 0 231
Income from continuing operations 21,134 17,959
Discontinued operations, net:    
Operating income 0 641
Gain on sale of operating properties, net 0 6,301
Income from discontinued operations 0 6,942
Income before gain on sale of real estate 21,134 24,901
Gain on sale of real estate 0 1,834
Net income 21,134 26,735
Noncontrolling interests:    
Preferred units 0 629
Exchangeable operating partnership units (39) (54)
Limited partners’ interests in consolidated partnerships (275) (192)
(Income) loss attributable to noncontrolling interests (314) 383
Net income attributable to the Company 20,820 27,118
Preferred stock dividends (5,266) (13,937)
Net Income (Loss) attributable to Common Stockholders 15,554 13,181
Income per common share/unit - basic:    
Continuing operations (in dollars per share) $ 0.17 $ 0.07
Discontinued operations (in dollars per share) $ 0.00 $ 0.07
Net income attributable to common stockholders (in dollars per share) $ 0.17 $ 0.14
Income per common share/unit - diluted:    
Continuing operations (in dollars per share) $ 0.17 $ 0.07
Discontinued operations (in dollars per share) $ 0.00 $ 0.07
Net income attributable to common stockholders (in dollars per share) $ 0.17 $ 0.14
Partnership Interest [Member]
   
Revenues:    
Minimum rent 90,726 91,395
Percentage rent 1,548 1,160
Recoveries from tenants and other income 27,053 26,538
Management, transaction, and other fees 6,761 7,150
Total revenues 126,088 126,243
Operating expenses:    
Depreciation and amortization 32,764 32,480
Operating and maintenance 17,909 18,484
General and administrative 17,975 16,122
Real estate taxes 13,898 15,145
Other expenses 1,523 1,358
Total operating expenses 84,069 83,589
Other expense (income):    
Interest expense, net of interest income of $459 and $535 in 2013 and 2012, respectively 27,832 28,958
Net investment income from deferred compensation plan, including unrealized gains of $831 and $1,224 in 2013 and 2012, respectively (1,071) (1,528)
Total other expense 26,761 27,430
Income before equity in income of investments in real estate partnerships 15,258 15,224
Equity in income of investments in real estate partnerships 5,876 2,966
Income from continuing operations before tax 21,134 18,190
Income tax expense of taxable REIT subsidiary 0 231
Income from continuing operations 21,134 17,959
Discontinued operations, net:    
Operating income 0 641
Gain on sale of operating properties, net 0 6,301
Income from discontinued operations 0 6,942
Income before gain on sale of real estate 21,134 24,901
Gain on sale of real estate 0 1,834
Net income 21,134 26,735
Noncontrolling interests:    
Limited partners’ interests in consolidated partnerships (275) (192)
(Income) loss attributable to noncontrolling interests (275) (192)
Net income attributable to the Company 20,859 26,543
Preferred unit distributions (5,266) (13,308)
Net income attributable to common unit holders 15,593 13,235
Income per common share/unit - basic:    
Continuing operations (in dollars per share) 0.17 0.07
Discontinued operations (in dollars per share) 0.00 0.07
Net income attributable to common unit holders (in dollars per share) 0.17 0.14
Income per common share/unit - diluted:    
Continuing operations (in dollars per share) 0.17 0.07
Discontinued operations (in dollars per share) 0.00 0.07
Net income attributable to common unit holders (in dollars per share) 0.17 0.14
Segment, Continuing Operations [Member] | Parent Company [Member]
   
Noncontrolling interests:    
(Income) loss attributable to noncontrolling interests (314) 383
Segment, Continuing Operations [Member] | Partnership Interest [Member]
   
Noncontrolling interests:    
(Income) loss attributable to noncontrolling interests $ (275) $ (192)