Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting Information [Line Items]

Schedule of Income (Loss) by Reportable Segment

Segment net income, the balance of the Company’s investment in joint ventures and the amount of capital expenditures are not presented in the following tables. Management does not utilize these measures when analyzing its segments or when making resource allocation decisions, and therefore this information is not provided. FFO is reconciled to net income available to common stockholders on a total Company basis (in thousands):

Three Months Ended June 30, 2015	Office		Retail		Land			Other			Total
Net operating income	$	59,269	$	—	$	—		$	1,505		$	60,774
Sales less costs of sales	—		—		(324		)	—			(324		)
Fee income	—		—		—			1,704			1,704
Other income	—		—		—			238			238
General and administrative expenses	—		—		—			(5,942		)	(5,942		)
Reimbursed expenses	—		—		—			(717		)	(717		)
Interest expense	—		—		—			(9,696		)	(9,696		)
Other expenses	—		—		—			(799		)	(799		)
Funds from operations available to common stockholders	$	59,269	$	—	$	(324	)	$	(13,707	)	45,238
Real estate depreciation and amortization, including Company's share of joint ventures											(37,277		)
Loss on sale of depreciated investment properties, including Company's share of joint ventures											(10		)
Net income available to common stockholders											$	7,951

Three Months Ended June 30, 2014	Office		Retail		Land		Other			Total
Net operating income	$	48,821	$	1,288	$	—	$	1,179		$	51,288
Sales less costs of sales	—		—		1,331		42			1,373
Fee income	—		—		—		2,025			2,025
Other income	—		—		—		2,256			2,256
General and administrative expenses	—		—		—		(5,756		)	(5,756		)
Reimbursed expenses	—		—		—		(988		)	(988		)
Interest expense	—		—		—		(8,813		)	(8,813		)
Other expenses	—		—		—		(893		)	(893		)
Preferred stock dividends and original issuance costs	—		—		—		(4,708		)	(4,708		)
Funds from operations available to common stockholders	$	48,821	$	1,288	$	1,331	$	(15,656	)	35,784
Real estate depreciation and amortization, including Company's share of joint ventures										(38,022		)
Gain on sale of depreciated investment properties including the Company's share of joint ventures										15
Net loss available to common stockholders										$	(2,223	)

Reconciliation of revenues per Segment to Consolidated Revenues

The following table reconciles information presented in the tables above to the Company’s consolidated revenues (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Net operating income	$	60,774		$	51,288		$	118,827		$	101,306
Sales less cost of sales	(324		)	1,373			486			1,533
Fee income	1,704			2,025			3,520			4,363
Other income	238			2,256			645			4,172
Rental property operating expenses	41,387			35,959			79,340			70,816
Cost of sales	—			270			—			270
Net operating income in joint ventures	(5,984		)	(6,648		)	(11,971		)	(13,147		)
Sales less cost of sales in joint ventures	(242		)	(47		)	(242		)	(47		)
Net operating income in discontinued operations	—			(565		)	14			(1,457		)
Other income in discontinued operations and in joint ventures	(188		)	(82		)	(348		)	(89		)
Termination fees in discontinued operations and in joint ventures	(28		)	—			(148		)	—
(Gain) loss on land sales (included in gain on investment properties)	566			(1,324		)	(244		)	(1,492		)
Total consolidated revenues	$	97,903		$	84,505		$	189,879		$	166,228