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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES:        
Minimum rents $ 167,609 $ 168,288 $ 328,397 $ 339,202
Percentage rents 1,756 2,062 5,222 5,802
Other rents 4,683 4,582 9,996 9,590
Tenant reimbursements 71,732 77,022 142,219 153,832
Management, development and leasing fees 1,966 1,568 4,435 2,905
Other 7,852 8,597 16,001 17,957
Total revenues 255,598 262,119 506,270 529,288
OPERATING EXPENSES:        
Property operating 36,562 35,984 74,923 76,143
Depreciation and amortization 68,126 71,839 131,283 139,538
Real estate taxes 23,756 25,124 46,602 49,450
Maintenance and repairs 13,419 14,044 26,575 30,052
General and administrative 11,993 11,241 25,793 23,041
Other 6,559 7,046 13,317 15,349
Total operating expenses 160,415 165,278 318,493 333,573
Income from operations 95,183 96,841 187,777 195,715
Interest and other income 1,298 612 2,373 1,157
Interest expense (61,400) (70,914) (121,460) (139,127)
Gain on extinguishment of debt 0 0 0 581
Gain (loss) on sales of real estate assets 2,543 (97) 3,130 712
Equity in earnings of unconsolidated affiliates 2,073 1,455 3,339 3,233
Income tax (provision) benefit (267) 4,653 (39) 6,423
Income from continuing operations 39,430 32,550 75,120 68,694
Operating income (loss) of discontinued operations (21) (3,156) (71) 24,594
Gain on (loss) discontinued operations (16) 138 895 152
Net income 39,393 29,532 75,944 93,440
Net (income) loss attributable to noncontrolling interests in:        
Operating partnership (5,197) (2,752) (9,559) (13,203)
Other consolidated subsidiaries (4,805) (6,404) (10,945) (12,542)
Net income attributable to the Company 29,391 20,376 55,440 67,695
Preferred dividends (10,594) (10,594) (21,188) (21,188)
Net income attributable to common shareholders 18,797 9,782 34,252 46,507
Basic per share data attributable to common shareholders:        
Income from continuing operations, net of preferred dividends $ 0.12 $ 0.08 $ 0.22 $ 0.18
Discontinued operations $ 0.00 $ (0.01) $ 0.01 $ 0.13
Net income attributable to common shareholders $ 0.12 $ 0.07 $ 0.23 $ 0.31
Weighted average common shares outstanding 150,913 148,356 149,704 148,214
Diluted earnings per share data attributable to common shareholders:        
Income from continuing operations, net of preferred dividends $ 0.12 $ 0.08 $ 0.22 $ 0.18
Discontinued operations $ 0.00 $ (0.01) $ 0.01 $ 0.13
Net income attributable to common shareholders $ 0.12 $ 0.07 $ 0.23 $ 0.31
Weighted average common and potential dilutive common shares outstanding 150,954 148,398 149,746 148,262
Amounts attributable to common shareholders:        
Income from continuing operations, net of preferred dividends 18,826 12,134 33,603 27,233
Discontinued operations (29) (2,352) 649 19,274
Net income attributable to common shareholders $ 18,797 $ 9,782 $ 34,252 $ 46,507
Dividends declared per common share $ 0.22 $ 0.21 $ 0.44 $ 0.42