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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
ASSETS    
Operating (including $278,826 and $263,570 of consolidated variable interest entities, respectively) $ 4,490,960 $ 4,232,608
Construction-in-progress 288,714 193,836
Real Estate Investment Property, At Cost, Total 4,779,674 4,426,444
Less accumulated depreciation and amortization (including $12,024 and $4,991 of consolidated variable interest entities, respectively) (1,224,295) (1,127,588)
Net real estate 3,555,379 3,298,856
Cash and cash equivalents 36,988 67,806
Accounts and notes receivable, net 73,861 75,921
Mortgage notes receivable, net 55,648 55,967
Investment in real estate partnership 33,169 34,352
Prepaid expenses and other assets 132,659 121,492
Debt issuance costs, net of accumulated amortization of $10,140 and $9,098, respectively 10,861 11,816
TOTAL ASSETS 3,898,565 3,666,210
Liabilities    
Mortgages payable (including $205,299 and $207,683 of consolidated variable interest entities, respectively) 760,789 747,523
Capital lease obligations 71,693 63,093
Notes payable 299,575 295,159
Senior notes and debentures 1,076,545 1,004,635
Accounts payable and accrued expenses 120,929 104,660
Dividends payable 47,685 44,229
Security deposits payable 12,957 12,221
Other liabilities and deferred credits 103,379 68,761
Total liabilities 2,493,552 2,340,281
Commitments and contingencies (Note 9)      
Redeemable Noncontrolling Interests 94,420 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, 64,815,446 and 63,544,150 shares issued and outstanding, respectively 648 636
Additional paid-in capital 1,875,525 1,764,940
Accumulated dividends in excess of net income (586,970) (555,541)
Accumulated other comprehensive loss (12,388) (3,940)
Total shareholders' equity of the Trust 1,286,812 1,216,092
Noncontrolling interests 23,781 24,512
Total shareholders' equity 1,310,593 1,240,604
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,898,565 $ 3,666,210