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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Rental and related revenue $ 203,432 $ 190,986
General contractor and service fee revenue 68,968 146,547
Revenues, total 272,400 337,533
Expenses:    
Rental expenses 37,342 40,699
Real estate taxes 28,671 27,471
General contractor and other services expenses 63,921 135,664
Depreciation and amortization 91,613 77,822
Costs and expenses, total 221,547 281,656
Other operating activities:    
Equity in earnings of unconsolidated companies 1,509 1,073
Gain on sale of properties (277) 67,856
Undeveloped land carrying costs (2,298) (2,309)
Other operating expenses (265) (85)
General and administrative expenses (11,839) (11,197)
Other operation transactions, total (13,170) 55,338
Operating income 37,683 111,215
Other income (expenses):    
Interest and other income, net 146 87
Interest expense (61,086) (52,124)
Acquisition-related activity (580) (589)
Income (loss) from continuing operations (23,837) 58,589
Discontinued operations:    
Loss before gain on sales (749) (5,403)
Gain on sale of depreciable properties 6,476 11,603
Income from discontinued operations 5,727 6,200
Net income (loss) (18,110) 64,789
Distributions on Preferred Units (13,193) (15,974)
Adjustments for redemption/repurchase of Preferred Units (5,730) (163)
Net (income) loss attributable to noncontrolling interests (168) 122
Net income (loss) attributable to common unitholders (37,201) 48,774
Basic net income (loss) per Common Unit:    
Continuing operations attributable to common unitholders $ (0.16) $ 0.16
Discontinued operations attributable to common unitholders $ 0.02 $ 0.03
Total $ (0.14) $ 0.19
Diluted net income (loss) per Common Unit:    
Continuing operations attributable to common unitholders $ (0.16) $ 0.16
Discontinued operations attributable to common unitholders $ 0.02 $ 0.03
Total $ (0.14) $ 0.19
Weighted average number of Common Units outstanding 264,114 258,790
Weighted average number of Common Units and potential dilutive securities 264,114 258,837
Comprehensive income (loss):    
Net income (loss) (18,110) 64,789
Other comprehensive income:    
Derivative instrument activity 519 771
Other comprehensive income 519 771
Comprehensive income (loss) $ (17,591) $ 65,560