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Segment Information (Tables)
9 Months Ended12 Months Ended
Sep. 30, 2011
Dec. 31, 2010
Segment Reporting Information [Line Items]  
Company's Reportable Segments
REGIONS
MARKETS
 
 
Northeast
Southeastern PA; Lehigh/Central PA; New Jersey; Maryland
Central
Minnesota; Chicago/Milwaukee; Houston; Arizona
South
Richmond; Virginia Beach; Carolinas; Jacksonville; Orlando; South Florida; Tampa
Metro
Philadelphia; Metro Washington, D.C.
United Kingdom
County of Kent; West Midlands
REGIONS
(BEFORE 2011 CHANGES)
MARKETS (BEFORE 2011 CHANGES)
 
 
Northeast
Southeastern PA; Lehigh/Central PA; New Jersey
Midwest
Minnesota; Milwaukee; Chicago
Mid-Atlantic
Maryland; Carolinas; Richmond; Virginia Beach
South
Jacksonville; Orlando; South Florida; Tampa; Texas; Arizona
Philadelphia/D.C.
Philadelphia; Metro Washington, D.C.
United Kingdom
County of Kent; West Midlands
Performance of the Reportable Segments Based on Property Level Operating Income
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2011
 
 
NORTHEAST
 
 
 
 
 
 
 
 
 
 
 
SOUTHEASTERN
PA
 
LEHIGH/
CENTRAL  PA
 
NORTHEAST
- OTHER
 
CENTRAL
 
SOUTH
 
METRO
 
UNITED
KINGDOM
 
TOTAL
Operating revenue
$
42,673

 
$
22,523

 
$
17,312

 
$
31,055

 
$
53,469

 
$
7,039

 
$
1,108

 
$
175,179

Rental property expenses and real estate taxes
14,232

 
5,132

 
6,673

 
11,179

 
17,562

 
1,718

 
106

 
56,602

Property level operating income
$
28,441

 
$
17,391

 
$
10,639

 
$
19,876

 
$
35,907

 
$
5,321

 
$
1,002

 
118,577

Interest and other income
 
 
 
 
 
 
 
 
 
 
 
 
 
2,019

Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
(31,188
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
 
 
(13,625
)
Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
(41,414
)
Income before property dispositions, income taxes, equity in earnings of unconsolidated joint ventures and discontinued operations
34,369

Gain on property dispositions
 
 
 
 
 
 
 
 
 
 
 
 
 
1,898

Income taxes
 
 
 
 
 
 
 
 
 
 
 
 
 
(356
)
Equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
 
 
 
827

Discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
4,943

Net income
 
 
 
 
 
 
 
 
 
 
 
 
 
$
41,681


FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2010

 
NORTHEAST
 
 
 
 
 
 
 
 
 
 
 
SOUTHEASTERN
PA
 
LEHIGH/
CENTRAL PA
 
NORTHEAST
- OTHER
 
CENTRAL
 
SOUTH
 
METRO
 
UNITED
KINGDOM
 
TOTAL
Operating revenue
$
45,475

 
$
21,388

 
$
18,335

 
$
28,856

 
$
53,107

 
$
7,214

 
$
1,081

 
$
175,456

Rental property expenses and real estate taxes
14,528

 
4,752

 
6,889

 
10,001

 
18,010

 
1,680

 
236

 
56,096

Property level operating income
$
30,947

 
$
16,636

 
$
11,446

 
$
18,855

 
$
35,097

 
$
5,534

 
$
845

 
119,360

Interest and other income
 
 
 
 
 
 
 
 
 
 
 
 
 
2,400

Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
(32,410
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
 
 
(12,608
)
Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
(39,996
)
Income before property dispositions, income taxes, equity in earnings of unconsolidated joint ventures and discontinued operations
36,746

Gain on property dispositions
 
 
 
 
 
 
 
 
 
 
 
 
 
691

Income taxes
 
 
 
 
 
 
 
 
 
 
 
 
 
(475
)
Equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
 
 
 
385

Discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
3,659

Net income
 
 
 
 
 
 
 
 
 
 
 
 
 
$
41,006


FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2011
 
 
NORTHEAST
 
 
 
 
 
 
 
 
 
 
 
SOUTHEASTERN
PA
 
LEHIGH/
CENTRAL PA
 
NORTHEAST
- OTHER
 
CENTRAL
 
SOUTH
 
METRO
 
UNITED
KINGDOM
 
TOTAL
Operating revenue
$
130,766

 
$
67,829

 
$
52,630

 
$
89,186

 
$
159,088

 
$
21,146

 
$
3,321

 
$
523,966

Rental property expenses and real estate taxes
44,400

 
15,489

 
19,520

 
31,293

 
49,140

 
4,105

 
594

 
164,541

Property level operating income
$
86,366

 
$
52,340

 
$
33,110

 
$
57,893

 
$
109,948

 
$
17,041

 
$
2,727

 
359,425

Interest and other income
 
 
 
 
 
 
 
 
 
 
 
 
 
7,011

Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
(96,354
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
 
 
(42,848
)
Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
(123,840
)
Income before property dispositions, income taxes, equity in earnings of unconsolidated joint ventures and discontinued operations
103,394

Gain on property dispositions
 
 
 
 
 
 
 
 
 
 
 
 
 
3,361

Income taxes
 
 
 
 
 
 
 
 
 
 
 
 
 
(969
)
Equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
 
 
 
2,470

Discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
61,209

Net income
 
 
 
 
 
 
 
 
 
 
 
 
 
$
169,465


FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2010

 
NORTHEAST
 
 
 
 
 
 
 
 
 
 
 
SOUTHEASTERN
PA
 
LEHIGH/
CENTRAL PA
 
NORTHEAST
- OTHER
 
CENTRAL
 
SOUTH
 
METRO
 
UNITED
KINGDOM
 
TOTAL
Operating revenue
$
135,523

 
$
61,510

 
$
55,295

 
$
86,047

 
$
158,316

 
$
21,442

 
$
3,126

 
$
521,259

Rental property expenses and real estate taxes
44,056

 
14,100

 
20,307

 
30,236

 
51,936

 
4,584

 
687

 
165,906

Property level operating income
$
91,467

 
$
47,410

 
$
34,988

 
$
55,811

 
$
106,380

 
$
16,858

 
$
2,439

 
355,353

Interest and other income
 
 
 
 
 
 
 
 
 
 
 
 
 
7,748

Interest expense
 
 
 
 
 
 
 
 
 
 
 
 
 
(103,922
)
General and administrative
 
 
 
 
 
 
 
 
 
 
 
 
 
(40,023
)
Depreciation and amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
(119,091
)
Income before property dispositions, income taxes, equity in earnings of unconsolidated joint ventures and discontinued operations
100,065

Gain on property dispositions
 
 
 
 
 
 
 
 
 
 
 
 
 
3,701

Income taxes
 
 
 
 
 
 
 
 
 
 
 
 
 
(1,430
)
Equity in earnings of unconsolidated joint ventures
 
 
 
 
 
 
 
 
 
 
 
1,562

Discontinued operations
 
 
 
 
 
 
 
 
 
 
 
 
 
12,944

Net income
 
 
 
 
 
 
 
 
 
 
 
 
 
$
116,842