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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES:        
Minimum rents $ 168,887 $ 172,973 $ 495,557 $ 510,250
Percentage rents 3,113 3,001 8,321 8,786
Other rents 3,786 4,175 13,735 13,686
Tenant reimbursements 72,793 76,796 214,193 229,550
Management, development and leasing fees 3,139 1,909 7,574 4,814
Other 7,895 8,409 23,894 26,362
Total revenues 259,613 267,263 763,274 793,448
OPERATING EXPENSES:        
Property operating 37,437 38,601 110,632 112,788
Depreciation and amortization 67,186 70,720 198,123 209,925
Real estate taxes 23,109 23,506 69,464 72,635
Maintenance and repairs 13,922 13,661 40,079 43,075
General and administrative 10,171 10,092 35,964 33,133
Loss on impairment of real estate 21,654 51,304 21,654 51,304
Other 5,871 7,446 19,188 22,795
Total operating expenses 179,350 215,330 495,104 545,655
Income from operations 80,263 51,933 268,170 247,793
Interest and other income 822 595 3,193 1,752
Interest expense (62,433) (70,133) (183,687) (208,216)
Gain on extinguishment of debt 178 0 178 581
Gain on sales of real estate assets 1,659 2,890 1,753 3,602
Equity in earnings of unconsolidated affiliates 2,062 989 5,401 4,222
Income tax (provision) benefit (1,195) (4,653) (1,234) 1,770
Income (loss) from continuing operations 21,356 (18,379) 93,774 51,504
Operating income (loss) of discontinued operations (8,952) 90 (6,321) 23,495
Gain on (loss) discontinued operations 88 (31) 983 121
Net income (loss) 12,492 (18,320) 88,436 75,120
Net (income) loss attributable to noncontrolling interests in:        
Operating partnership 1,776 7,760 (7,783) (5,443)
Other consolidated subsidiaries (6,194) (6,166) (17,139) (18,708)
Net income (loss) attributable to the Company 8,074 (16,726) 63,514 50,969
Preferred dividends (10,594) (10,594) (31,782) (31,782)
Net income (loss) attributable to common shareholders (2,520) (27,320) 31,732 19,187
Basic per share data attributable to common shareholders:        
Income (loss) from continuing operations, net of preferred dividends $ 0.03 $ (0.18) $ 0.24 $ 0.01
Discontinued operations $ (0.05) $ 0.00 $ (0.03) $ 0.12
Net income (loss) attributable to common shareholders $ (0.02) $ (0.18) $ 0.21 $ 0.13
Weighted average common shares outstanding 158,689 148,363 152,721 148,264
Diluted earnings per share data attributable to common shareholders:        
Income (loss) from continuing operations, net of preferred dividends $ 0.03 $ (0.18) $ 0.24 $ 0.01
Discontinued operations $ (0.05) $ 0.00 $ (0.03) $ 0.12
Net income (loss) attributable to common shareholders $ (0.02) $ (0.18) $ 0.21 $ 0.13
Weighted average common and potential dilutive common shares outstanding 158,731 148,405 152,765 148,310
Amounts attributable to common shareholders:        
Income (loss) rom continuing operations, net of preferred dividends 4,876 (27,366) 36,019 793
Discontinued operations (7,396) 46 (4,287) 18,394
Net income (loss) attributable to common shareholders $ (2,520) $ (27,320) $ 31,732 $ 19,187
Dividends declared per common share $ 0.22 $ 0.21 $ 0.66 $ 0.63