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Consolidated Statements of Operations and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUE:        
Minimum rent $ 746,198 $ 649,570 $ 1,448,295 $ 1,293,902
Overage rent 31,427 21,980 59,107 39,121
Tenant reimbursements 330,470 285,623 636,857 567,048
Management fees and other revenues 28,347 31,259 60,634 61,751
Other income 51,624 52,429 102,142 98,913
Total revenue 1,188,066 1,040,861 2,307,035 2,060,735
EXPENSES:        
Property operating 116,018 109,025 220,758 208,567
Depreciation and amortization 311,863 261,298 596,972 527,608
Real estate taxes 106,777 93,424 205,479 186,688
Repairs and maintenance 26,665 24,657 52,307 55,492
Advertising and promotion 28,549 24,958 49,648 46,846
Provision for credit losses 2,906 274 6,451 1,679
Home and regional office costs 35,104 31,453 67,962 60,509
General and administrative 14,733 8,974 28,622 16,640
Other 24,096 19,226 41,873 38,244
Total operating expenses 666,711 573,289 1,270,072 1,142,273
OPERATING INCOME 521,355 467,572 1,036,963 918,462
Interest expense (288,560) (244,517) (546,636) (492,634)
Income tax expense of taxable REIT subsidiaries (991) (703) (1,883) (1,846)
Income from unconsolidated entities 29,132 13,821 59,484 32,441
Gain upon acquisition of controlling interests, sale or disposal of assets and interests in unconsolidated entities, and impairment charge on investment in unconsolidated entities, net   14,349 494,837 13,765
CONSOLIDATED NET INCOME 260,936 250,522 1,042,765 470,188
Net income attributable to noncontrolling interests 44,657 44,567 180,241 83,987
Preferred dividends 834 834 1,669 1,669
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS 215,445 205,121 860,855 384,532
BASIC EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders (in dollars per share) $ 0.71 $ 0.70 $ 2.87 $ 1.31
DILUTED EARNINGS PER COMMON SHARE:        
Net income attributable to common stockholders (in dollars per share) $ 0.71 $ 0.70 $ 2.87 $ 1.31
Consolidated Net Income 260,936 250,522 1,042,765 470,188
Unrealized (loss) gain on derivative hedge agreements (8,587) (7,740) 3,105 (19,023)
Net loss on derivative instruments reclassified from accumulated other comprehensive income into interest expense 5,138 3,824 10,252 7,768
Currency translation adjustments (65,453) 8,754 (21,511) 30,653
Changes in available-for-sale securities and other (666) 25,713 23,869 27,954
Comprehensive income 191,368 281,073 1,058,480 517,540
Comprehensive income attributable to noncontrolling interests 33,025 49,743 183,350 92,016
Comprehensive income attributable to common stockholders $ 158,343 $ 231,330 $ 875,130 $ 425,524