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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Operating (including $271,468 and $78,846 of consolidated variable interest entities, respectively) $ 4,240,708 $ 3,695,848
Construction-in-progress 193,836 163,200
Assets held for sale/disposal (discontinued operations) (including $0 and $18,311 of consolidated variable interest entities, respectively) 0 36,894
Real Estate Investment Property, At Cost, Total 4,434,544 3,895,942
Less accumulated depreciation and amortization (including $4,991 and $4,431 of consolidated variable interest entities, respectively) (1,127,588) (1,035,204)
Net real estate 3,306,956 2,860,738
Cash and cash equivalents 67,806 15,797
Accounts and notes receivable, net 76,152 68,997
Mortgage notes receivable, net 55,967 44,813
Investment in real estate partnerships 34,352 51,606
Prepaid expenses and other assets 106,859 110,686
Debt issuance costs, net of accumulated amortization of $9,098 and $9,075, respectively 11,816 6,916
TOTAL ASSETS 3,659,908 3,159,553
Liabilities    
Mortgages payable (including $207,683 and $22,785 of consolidated variable interest entities, respectively) 747,523 529,501
Capital lease obligations 63,093 59,940
Notes payable 295,159 97,881
Senior notes and debentures 1,004,635 1,079,827
Accounts payable and accrued expenses 104,498 102,574
Dividends payable 44,229 41,601
Security deposits payable 12,221 11,751
Other liabilities and deferred credits 62,621 55,348
Total liabilities 2,333,979 1,978,423
Commitments and contingencies (Note 9)     
Redeemable Noncontrolling Interest, Equity, Carrying Amount 85,325 65,362
Shareholders' equity    
Preferred shares, authorized 15,000,000 shares, $.01 par: 5.417% Series 1 Cumulative Convertible Preferred Shares, (stated at liquidation preference $25 per share), 399,896 shares issued and outstanding 9,997 9,997
Common shares of beneficial interest, $.01 par, 100,000,000 shares authorized, 63,544,150 and 61,526,418 shares issued and outstanding, respectively 636 615
Additional paid-in capital (Note 2) 1,764,940 1,611,706
Accumulated dividends in excess of net income (555,541) (527,582)
Accumulated other comprehensive loss (3,940) 0
Total shareholders' equity of the Trust 1,216,092 1,094,736
Noncontrolling interests (Note 2) 24,512 21,032
Total shareholders' equity 1,240,604 1,115,768
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,659,908 $ 3,159,553