Other Comprehensive Income of the Trust

9 Months Ended

Sep. 30, 2011

Other Comprehensive Income of the Trust [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Other Comprehensive Income of the Trust

The functional currency of the Trust's United Kingdom operations is pounds sterling. The Trust translates the financial statements for the United Kingdom operations into US dollars. Gains and losses resulting from this translation do not impact the results of operations and are included in accumulated other comprehensive loss as a separate component of shareholders' equity. A proportionate amount of gain or loss is allocated to noncontrolling interest-common units. Accumulated other comprehensive loss consists solely of the foreign currency translation adjustments described above. Other comprehensive loss for the three months ended September 30, 2011 was $2.2 million and for the nine months ended September 30, 2011 was $0.1 million. Other comprehensive income for the three months ended September 30, 2010 was $3.7 million and for the nine months ended September 30, 2010 was a loss of $2.0 million. Upon sale or upon complete or substantially complete liquidation of the Trust's foreign investment, the gain or loss on the sale will include the cumulative translation adjustments that have been previously recorded in accumulated other comprehensive income (loss) and noncontrolling interest-common units.

Total comprehensive income for the three months ended September 30, 2011 was $39.4 million and for the nine months ended September 30, 2011 was $169.4 million. Total comprehensive income for the three months ended September 30, 2010 was $44.7 million and for the nine months ended September 30, 2010 was $114.8 million.