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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUE:        
Minimum rent $ 649,570 $ 580,157 $ 1,293,902 $ 1,151,767
Overage rent 21,980 14,477 39,121 27,688
Tenant reimbursements 285,623 255,693 567,048 511,621
Management fees and other revenues 31,259 28,349 61,751 56,917
Other income 52,429 54,890 98,913 110,644
Total revenue 1,040,861 933,566 2,060,735 1,858,637
EXPENSES:        
Property operating 109,025 101,234 208,567 200,002
Depreciation and amortization 261,298 234,190 527,608 463,099
Real estate taxes 93,424 78,658 186,688 168,387
Repairs and maintenance 24,657 20,605 55,492 44,350
Advertising and promotion 24,958 22,282 46,846 41,118
Provision for credit losses 274 4,487 1,679 1,036
Home and regional office costs 31,453 26,744 60,509 44,059
General and administrative 8,974 5,627 16,640 10,739
Transaction expenses   11,269   14,969
Other 19,226 13,003 38,244 28,495
Total operating expenses 573,289 518,099 1,142,273 1,016,254
OPERATING INCOME 467,572 415,467 918,462 842,383
Interest expense (244,517) (261,463) (492,634) (525,422)
Loss on extinguishment of debt       (165,625)
Income tax (expense) benefit of taxable REIT subsidiaries (703) 510 (1,846) 308
Income from unconsolidated entities 13,821 10,614 32,441 28,196
Gain on sale or disposal of assets and interests in unconsolidated entities 14,349 20,024 13,765 26,066
CONSOLIDATED NET INCOME 250,522 185,152 470,188 205,906
Net income attributable to noncontrolling interests 44,567 33,313 83,987 39,084
Preferred dividends 834 (665) 1,669 4,945
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 205,121 152,504 384,532 161,877
BASIC EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders (in dollars per share) $ 0.70 $ 0.52 $ 1.31 $ 0.56
DILUTED EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders (in dollars per share) $ 0.70 $ 0.52 $ 1.31 $ 0.56
Consolidated Net Income 250,522 185,152 470,188 205,906
Unrealized (loss) gain on derivative hedge agreements (7,740) 7,478 (19,023) 4,410
Net loss on derivative instruments reclassified from accumulated other comprehensive loss into interest expense 3,824 3,945 7,768 7,785
Currency translation adjustments 8,754 (14,610) 30,653 (23,510)
Changes in available-for-sale securities and other 25,713 (46,762) 27,954 (67,952)
Comprehensive income 281,073 135,203 517,540 126,639
Comprehensive income attributable to noncontrolling interests 49,743 24,981 92,016 25,863
Comprehensive income attributable to common stockholders $ 231,330 $ 110,222 $ 425,524 $ 100,776