XML 65 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2012
Segment Reporting, Measurement Disclosures [Abstract]  
Reconciliation of Assets from Segment to Consolidated [Table Text Block]

 
 
September 30, 2012
 
December 31, 2011
Total assets
 
 
 
 
 Northeast - Southeastern PA
$
840,217

 
$
842,779

 
 Northeast - Lehigh / Central PA
785,673

 
716,772

 
 Northeast - Other
382,333

 
424,005

 
 Central
955,192

 
991,776

 
 South
1,359,110

 
1,448,849

 
 Metro
471,893

 
383,725

 
 United Kingdom
140,153

 
144,558

 
 Other
21,794

 
37,209

Total assets
$
4,956,365

 
$
4,989,673
Segment Reporting, Factors Used to Identify Entity's Reportable Segments
REGIONS
MARKETS
 
 
Northeast
Southeastern PA; Lehigh/Central PA; New Jersey; Maryland
Central
Minnesota; Chicago/Milwaukee; Houston; Arizona
South
Richmond/Hampton Roads; Carolinas; Jacksonville; Orlando; South Florida; Tampa
Metro
Philadelphia; Metro Washington, D.C.
United Kingdom
County of Kent; West Midlands
Schedule of Segment Reporting Information, by Segment, Revenue and Net Operating Income [Table Text Block]
The operating information by reportable segment is as follows (in thousands):
 
 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2012
 
2011
 
2012
 
2011
Operating revenue
 
 
 
 
 
 
 
 
 
 Northeast - Southeastern PA
 
$
42,773

 
$
42,695

 
$
126,658

 
$
130,769

 
 Northeast - Lehigh / Central PA
 
24,263

 
22,580

 
72,254

 
75,520

 
 Northeast - Other
 
15,042

 
17,344

 
46,895

 
53,073

 
 Central
 
28,969

 
31,566

 
89,940

 
94,601

 
 South
 
51,603

 
54,879

 
157,362

 
168,097

 
 Metro
 
8,248

 
7,047

 
24,672

 
21,147

 
 United Kingdom
 
1,264

 
1,109

 
3,529

 
3,321

Segment-level operating revenue
 
172,162

 
177,220

 
521,310

 
546,528

 
 
 
 
 
 
 
 
 
 
 Reconciliation to total operating revenue
 
 
 
 
 
 
 
 
 
 Discontinued operations
 
(635
)
 
(11,915
)
 
(12,156
)
 
(51,978
)
 
 Other
 
199

 
(113
)
 
172

 
(13
)
 Total operating revenue
 
$
171,726

 
$
165,192

 
$
509,326

 
$
494,537

 
 
 
 
 
 
 
 
 
 
 Net operating income
 
 
 
 
 
 
 
 
 
 Northeast - Southeastern PA
 
$
24,880

 
$
25,602

 
$
74,864

 
$
76,697

 
 Northeast - Lehigh / Central PA
 
16,578

 
15,119

 
49,331

 
48,985

 
 Northeast - Other
 
7,640

 
8,478

 
24,373

 
26,736

 
 Central
 
15,432

 
16,650

 
48,723

 
51,512

 
 South
 
30,870

 
32,264

 
94,840

 
100,356

 
 Metro
 
5,845

 
4,496

 
17,460

 
15,497

 
 United Kingdom
 
171

 
19

 
(178
)
 
(265
)
Segment-level net operating income
 
101,416

 
102,628

 
309,413

 
319,518

 
 
 
 
 
 
 
 
 
 
 Reconciliation to income from continuing operations
 
 
 
 
 
 
 
 
 
 Interest expense (1)
 
(31,305
)
 
(31,526
)
 
(93,120
)
 
(99,898
)
 
 Depreciation/amortization expense (2)
 
(25,753
)
 
(25,915
)
 
(77,217
)
 
(79,998
)
 
 Gain on property dispositions
 
2,001

 
1,898

 
2,859

 
3,361

 
 Equity in (loss) earnings of unconsolidated joint ventures
 
(3,082
)
 
827

 
(1,397
)
 
2,470

 
 General and administrative expense (2)
 
(9,555
)
 
(8,034
)
 
(30,041
)
 
(26,089
)
 
 Discontinued operations excluding gain on property dispositions
 
347

 
(1,379
)
 
(2,982
)
 
(7,993
)
 
 Income taxes (2)
 
(270
)
 
(325
)
 
(465
)
 
(814
)
 
 Other
 
(2,014
)
 
(1,967
)
 
(5,357
)
 
(3,807
)
Income from continuing operations
 
$
31,785

 
$
36,207

 
$
101,693

 
$
106,750


(1)
Includes interest on discontinued operations.
(2)
Excludes costs which are included in determining segment-level net operating income.