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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Rental and other property $ 125,474 $ 111,208
Management and other fees from affiliates 2,444 1,224
Total revenues 127,918 112,432
Expenses:    
Property operating, excluding real estate taxes 28,751 27,837
Real estate taxes 11,413 10,587
Depreciation 40,734 36,658
General and administrative 5,400 5,274
Owned Property Management Costs 1,640 925
Total expenses 87,938 81,281
Earnings from operations 39,980 31,151
Interest expense before amortization (24,658) (21,811)
Amortization expense (2,871) (2,851)
Interest and other income 2,413 6,987
Equity income (loss) from co-investments 2,340 (1,373)
Income before discontinued operations 17,204 12,103
Income from discontinued operations 10,037 404
Net income 27,241 12,507
Net income attributable to noncontrolling interest (3,151) (3,546)
Net income attributable to controlling interest 24,090 8,961
Dividends to preferred stockholders (1,368) (543)
Net income available to common stockholders 22,722 8,418
Comprehensive Income 29,592 11,898
Comprehensive income attributable to noncontrolling interest (3,296) (3,505)
Comprehensive income attributable to controlling interest $ 26,296 $ 8,393
Basic:    
Income from continuing operations (in dollars per share) $ 0.39 $ 0.25
Income from discontinued operations (in dollars per share) $ 0.28 $ 0.02
Net income available to common stockholders (in dollars per share) $ 0.67 $ 0.27
Weighted average number of shares outstanding during the period (in shares) 34,027,890 31,465,817
Diluted:    
Income from continuing operations (in dollars per share) $ 0.39 $ 0.25
Income from discontinued operations (in dollars per share) $ 0.28 $ 0.02
Net income available to common stockholders (in dollars per share) $ 0.67 $ 0.27
Weighted average number of shares outstanding during the period (in shares) 34,151,475 31,546,953
Dividends per common share (in dollars per share) $ 1.10 $ 1.04