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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
REVENUES:      
Minimum rents $ 663,895 $ 668,628 $ 664,750
Percentage rents 17,995 17,149 17,367
Other rents 22,657 22,428 22,536
Tenant reimbursements 287,954 301,323 305,385
Management, development and leasing fees 10,772 6,935 6,416
Other 31,367 34,851 29,249
Total revenues 1,034,640 1,051,314 1,045,703
OPERATING EXPENSES:      
Property operating 145,827 148,961 144,038
Depreciation and amortization 265,856 271,458 280,575
Real estate taxes 90,503 91,723 94,787
Maintenance and repairs 52,577 55,500 54,723
General and administrative 51,251 44,751 43,383
Loss on impairment of real estate 24,379 [1] 51,304 [1] 1,156 [1]
Other 25,078 28,898 25,523
Total operating expenses 655,471 692,595 644,185
Income from operations 379,169 358,719 401,518
Interest and other income 3,955 2,583 3,868
Interest expense (244,432) (267,072) (281,102)
Gain on extinguishment of debt 265 1,029 0
Gain on investments 45,072 0 888
Gains on Sales of Investment Real Estate 2,286 59,396 2,887
Equity in earnings (losses) of unconsolidated affiliates 8,313 6,138 (188)
Income tax provision (benefit) (1,404) 269 6,417
Income from continuing operations 193,224 161,062 [1] 134,288 [1]
Operating income (loss) of discontinued operations (19,643) 23,933 (36,497)
Gain (loss) on discontinued operations 938 (1) 379
Net income 174,519 184,994 98,170
Net income attributable to noncontrolling interests in:      
Operating partnership (19,267) (25,841) (11,018)
Other consolidated subsidiaries (23,652) (25,217) (25,001)
Net income attributable to the Company 131,600 133,936 62,151
Preferred dividends (47,511) (42,376) (32,619)
Net income attributable to common shareholders 84,089 91,560 29,532
Basic per share data attributable to common shareholders:      
Income from continuing operations, net of preferred dividends $ 0.64 [2] $ 0.49 $ 0.40
Discontinued operations $ (0.10) $ 0.13 $ (0.19)
Net income attributable to common shareholders $ 0.54 [2] $ 0.62 $ 0.21
Weighted average common shares outstanding 154,762 148,289 138,375
Diluted per share data attributable to common shareholders:      
Income from continuing operations, net of preferred dividends $ 0.64 [2] $ 0.49 $ 0.40
Discontinued operations $ (0.10) $ 0.13 $ (0.19)
Net income attributable to common shareholders $ 0.54 [2] $ 0.62 $ 0.21
Weighted average common and potential dilutive common shares outstanding 154,807 148,334 138,416
Amounts attributable to common shareholders:      
Income from continuing operations, net of preferred dividends 99,307 72,914 55,836
Discontinued operations (15,218) 18,646 (26,304)
Net income attributable to common shareholders $ 84,089 $ 91,560 $ 29,532
[1] The referenced amounts for the years ended December 31, 2011 and 2010 have been restated. See Note 2 for more information. Loss on impairment of real estate for the year ended December 31, 2012 consisted of $20,315 related to Malls, $3,000 related to Associated Centers and $1,064 related to All Other. Loss on impairment of real estate for the year ended December 31, 2011 consisted of $50,683 related to Malls and $621 related to All Other. Loss on impairment of real estate for the year ended December 31, 2010 consisted of $1,156 related to All Other.
[2] The sum of quarterly earnings per share may differ from annual earnings per share due to rounding.