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Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
REVENUE:    
Minimum rent $ 753,445 $ 722,283
Overage rent 38,957 31,674
Tenant reimbursements 340,170 325,471
Management fees and other revenues 35,078 30,607
Other income 48,585 46,987
Total revenue 1,216,235 1,157,022
EXPENSES:    
Property operating 99,757 94,947
Depreciation and amortization 288,106 280,493
Real estate taxes 106,888 94,305
Repairs and maintenance 29,734 29,766
Advertising and promotion 18,756 22,619
Provision for credit losses 3,847 4,423
Home and regional office costs 35,903 35,288
General and administrative 14,999 14,855
Other 19,074 19,361
Total operating expenses 617,064 596,057
OPERATING INCOME 599,171 560,965
Interest expense (232,173) (254,234)
Income and other taxes (6,362) (6,863)
Income from unconsolidated entities 64,872 57,078
Gain upon acquisition of controlling interests and sale or disposal of assets and interests in unconsolidated entities, net 206,927 2,655
Consolidated income from continuing operations 632,435 359,601
Discontinued operations and gain on disposal   41,502
CONSOLIDATED NET INCOME 632,435 401,103
Net income attributable to noncontrolling interests 92,467 58,621
Preferred dividends 834 834
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 539,134 $ 341,648
BASIC AND DILUTED EARNINGS PER COMMON SHARE:    
Income from continuing operations (in dollars per share) $ 1.73 $ 0.99
Discontinued operations (in dollars per share)   0.11
Net income attributable to common stockholders (in dollars per share) $ 1.73 $ 1.10
Consolidated Net Income $ 632,435 $ 401,103
Unrealized gain (loss) on derivative hedge agreements 10,099 (7,533)
Net loss reclassified from accumulated other comprehensive loss into earnings 2,627 2,697
Currency translation adjustments (124,512) 13,733
Changes in available-for-sale securities and other 5,637 479
Comprehensive income 526,286 410,479
Comprehensive income attributable to noncontrolling interests 77,109 59,782
Comprehensive income attributable to common stockholders $ 449,177 $ 350,697