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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Operating (including $263,631 and $263,570 of consolidated variable interest entities, respectively) $ 4,264,527 $ 4,232,608
Construction-in-progress 211,725 193,836
Real Estate Investment Property, At Cost, Total 4,476,252 4,426,444
Less accumulated depreciation and amortization (including $8,497 and $4,991 of consolidated variable interest entities, respectively) (1,169,278) (1,127,588)
Net real estate 3,306,974 3,298,856
Cash and cash equivalents 82,774 67,806
Accounts and notes receivable, net 76,601 75,921
Mortgage notes receivable, net 55,887 55,967
Investment in real estate partnership 34,055 34,352
Prepaid expenses and other assets 114,302 121,492
Debt issuance costs, net of accumulated amortization of $10,574 and $9,098, respectively 10,336 11,816
TOTAL ASSETS 3,680,929 3,666,210
Liabilities    
Mortgages payable (including $206,506 and $207,683 of consolidated variable interest entities, respectively) 733,997 747,523
Capital lease obligations 71,703 63,093
Notes payable 300,089 295,159
Senior notes and debentures 1,004,532 1,004,635
Accounts payable and accrued expenses 110,786 104,660
Dividends payable 44,588 44,229
Security deposits payable 12,745 12,221
Other liabilities and deferred credits 54,173 68,761
Total liabilities 2,332,613 2,340,281
Commitments and contingencies (Note 7)      
Redeemable noncontrolling interests 81,858 85,325
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, 64,099,840 and 63,544,150 shares issued and outstanding, respectively 641 636
Additional paid-in capital 1,810,359 1,764,940
Accumulated dividends in excess of net income (568,541) (555,541)
Accumulated other comprehensive loss (10,375) (3,940)
Total shareholders' equity of the Trust 1,242,081 1,216,092
Noncontrolling interests 24,377 24,512
Total shareholders' equity 1,266,458 1,240,604
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,680,929 $ 3,666,210