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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Other expense (income):        
Income tax benefit of taxable REIT subsidiary $ 0 $ (840) $ 0 $ (608)
Discontinued operations, net:        
Gain on sale of operating properties, net 11,410 2,304 11,410 8,605
Parent Company [Member]
       
Revenues:        
Minimum rent 89,611 90,164 178,333 179,533
Percentage rent 298 398 1,846 1,558
Recoveries from tenants and other income 29,192 29,734 55,877 55,918
Management, transaction, and other fees 6,741 6,469 13,502 13,618
Total revenues 125,842 126,765 249,558 250,627
Operating expenses:        
Depreciation and amortization 31,930 31,737 63,871 63,108
Operating and maintenance 17,982 17,421 35,563 35,572
General and administrative 14,966 14,020 32,942 30,142
Real estate taxes 14,204 13,799 27,883 28,740
Other expenses 1,580 1,111 3,083 2,447
Total operating expenses 80,662 78,088 163,342 160,009
Other expense (income):        
Interest expense, net of interest income of $292 and $377, and $751 and $913 for the three and six months ended June 30, 2013 and 2012, respectively 27,781 28,377 55,613 57,335
Provision for impairment 0 19,008 0 19,008
Net investment loss (income) from deferred compensation plan, including unrealized gains (loss) of $17 and ($499), and $848 and $725 for the three and six months ended June 30, 2013 and 2012, respectively 38 444 (1,034) (1,084)
Total other expense 27,819 47,829 54,579 75,259
Income before equity in income of investments in real estate partnerships 17,361 848 31,637 15,359
Equity in income of investments in real estate partnerships 6,012 10,804 11,888 13,770
Income from continuing operations before tax 23,373 11,652 43,525 29,129
Income tax benefit of taxable REIT subsidiary 0 (840) 0 (608)
Income from continuing operations 23,373 12,492 43,525 29,737
Discontinued operations, net:        
Operating income (loss) 969 (3,427) 1,951 (2,073)
Gain on sale of operating properties, net 11,410 2,304 11,410 8,605
Income (loss) from discontinued operations 12,379 (1,123) 13,361 6,532
Income before gain (loss) on sale of real estate 35,752 11,369 56,886 36,269
Gain (loss) on sale of real estate (1,717) 21 (1,717) (1,814)
Net income 37,469 11,348 58,603 38,083
Net Income (Loss) Attributable to Noncontrolling Interest, Preferred Unit Holders (Deprecated 2013-01-31) 0 0 0 629
Noncontrolling interests:        
Exchangeable operating partnership units (70) (23) (109) (77)
Limited partners’ interests in consolidated partnerships (270) (232) (545) (424)
(Income) loss attributable to noncontrolling interests (340) (255) (654) 128
Net income attributable to the Company 37,129 11,093 57,949 38,211
Preferred stock dividends (5,265) (5,396) (10,531) (19,333)
Net Income (Loss) attributable to Common Stockholders 31,864 5,697 47,418 18,878
Income per common share/unit - basic:        
Continuing operations (in dollars per share) $ 0.21 $ 0.07 $ 0.37 $ 0.14
Discontinued operations (in dollars per share) $ 0.14 $ (0.01) $ 0.15 $ 0.07
Net income attributable to common stockholders (in dollars per share) $ 0.35 $ 0.06 $ 0.52 $ 0.21
Income per common share/unit - diluted:        
Continuing operations (in dollars per share) $ 0.21 $ 0.07 $ 0.37 $ 0.14
Discontinued operations (in dollars per share) $ 0.14 $ (0.01) $ 0.15 $ 0.07
Net income attributable to common stockholders (in dollars per share) $ 0.35 $ 0.06 $ 0.52 $ 0.21
Partnership Interest [Member]
       
Revenues:        
Minimum rent 89,611 90,164 178,333 179,533
Percentage rent 298 398 1,846 1,558
Recoveries from tenants and other income 29,192 29,734 55,877 55,918
Management, transaction, and other fees 6,741 6,469 13,502 13,618
Total revenues 125,842 126,765 249,558 250,627
Operating expenses:        
Depreciation and amortization 31,930 31,737 63,871 63,108
Operating and maintenance 17,982 17,421 35,563 35,572
General and administrative 14,966 14,020 32,942 30,142
Real estate taxes 14,204 13,799 27,883 28,740
Other expenses 1,580 1,111 3,083 2,447
Total operating expenses 80,662 78,088 163,342 160,009
Other expense (income):        
Interest expense, net of interest income of $292 and $377, and $751 and $913 for the three and six months ended June 30, 2013 and 2012, respectively 27,781 28,377 55,613 57,335
Provision for impairment 0 19,008 0 19,008
Net investment loss (income) from deferred compensation plan, including unrealized gains (loss) of $17 and ($499), and $848 and $725 for the three and six months ended June 30, 2013 and 2012, respectively 38 444 (1,034) (1,084)
Total other expense 27,819 47,829 54,579 75,259
Income before equity in income of investments in real estate partnerships 17,361 848 31,637 15,359
Equity in income of investments in real estate partnerships 6,012 10,804 11,888 13,770
Income from continuing operations before tax 23,373 11,652 43,525 29,129
Income tax benefit of taxable REIT subsidiary 0 (840) 0 (608)
Income from continuing operations 23,373 12,492 43,525 29,737
Discontinued operations, net:        
Operating income (loss) 969 (3,427) 1,951 (2,073)
Gain on sale of operating properties, net 11,410 2,304 11,410 8,605
Income (loss) from discontinued operations 12,379 (1,123) 13,361 6,532
Income before gain (loss) on sale of real estate 35,752 11,369 56,886 36,269
Gain (loss) on sale of real estate (1,717) 21 (1,717) (1,814)
Net income 37,469 11,348 58,603 38,083
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (270) (232) (545) (424)
(Income) loss attributable to noncontrolling interests (270) (232) (545) (424)
Net income attributable to the Company 37,199 11,116 58,058 37,659
Preferred unit distributions (5,265) (5,396) (10,531) (18,704)
Net income attributable to common unit holders $ 31,934 $ 5,720 $ 47,527 $ 18,955
Income per common share/unit - basic:        
Continuing operations (in dollars per share) $ 0.21 $ 0.07 $ 0.37 $ 0.14
Discontinued operations (in dollars per share) $ 0.14 $ (0.01) $ 0.15 $ 0.07
Net income attributable to common unit holders (in dollars per share) $ 0.35 $ 0.06 $ 0.52 $ 0.21
Income per common share/unit - diluted:        
Continuing operations (in dollars per share) $ 0.21 $ 0.07 $ 0.37 $ 0.14
Discontinued operations (in dollars per share) $ 0.14 $ (0.01) $ 0.15 $ 0.07
Net income attributable to common unit holders (in dollars per share) $ 0.35 $ 0.06 $ 0.52 $ 0.21