Rentals Under Operating Leases

12 Months Ended

Dec. 31, 2011

Rentals Under Operating Leases [Abstract]

RENTALS UNDER OPERATING LEASES

Non-cancelable commercial operating leases provide for minimum rental income from continuing operations during each of the next five years and thereafter as follows (in millions):



	Rental Income
2012	$	211.3
2013	191.1
2014	160.2
2015	134.7
2016	102.1
Thereafter	250.2
	$	1,049.6

Apartment leases are not included as the terms are generally for one year. Most of these commercial leases increase in future years based on agreed-upon percentages or in some instances, changes in the Consumer Price Index. Percentage rents from retail centers, based on a percentage of tenants’ gross sales, were as follows (in millions):



	2011		2010		2009
Percentage rents	$	0.2	$	0.1	$	0.2

Real estate tax, operating expense and common area maintenance reimbursement income from continuing operations was as follows (in millions):



	2011		2010		2009
Reimbursement income	$	26.1	$	24.5	$	27.6

- Definition

The entire disclosure for operating leases of a lessor. This may inlcude a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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