Segment Disclosure (Tables)

3 Months Ended

Mar. 31, 2012

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]

The following tables reconcile our reportable segment activity to our consolidated net income for the three months ended March 31, 2012 and 2011:



	Three Months Ended March 31,
	2012			2011
	(in thousands)
Reportable Segment - Office Properties
Operating revenues⁽¹⁾	$	92,680		$	77,264
Property and related expenses	24,799			22,494
Net Operating Income	67,881			54,770
Non-Reportable Segment - Industrial Properties
Operating revenues⁽¹⁾	6,730			6,509
Property and related expenses	1,929			3,270
Net Operating Income	4,801			3,239
Total Segments:
Operating revenues⁽¹⁾	99,410			83,773
Property and related expenses	26,728			25,764
Net Operating Income	$	72,682		$	58,009
Reconciliation to Consolidated Net Income:
Total Net Operating Income for segments	$	72,682		$	58,009
Unallocated (expenses) income:
General and administrative expenses	(8,767		)	(6,560		)
Acquisition-related expenses	(1,528		)	(472		)
Depreciation and amortization	(36,746		)	(28,441		)
Interest income and other net investment gains	484			184
Interest expense	(21,163		)	(20,876		)
Income from continuing operations	4,962			1,844
Income from discontinued operations⁽²⁾	73,709			3,023
Net income	$	78,671		$	4,867

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(1)	All operating revenues are comprised of amounts received from third-party tenants.


(2)	See Note 14 for the breakdown of income from discontinued operations by segment.

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

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