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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Operating (including $278,885 and $278,826 of consolidated variable interest entities, respectively) $ 4,497,312 $ 4,490,960
Construction-in-progress 327,840 288,714
Real Estate Investment Property, At Cost, Total 4,825,152 4,779,674
Less accumulated depreciation and amortization (including $13,801 and $12,024 of consolidated variable interest entities, respectively) (1,257,767) (1,224,295)
Net real estate 3,567,385 3,555,379
Cash and cash equivalents 31,274 36,988
Accounts and notes receivable, net 77,154 73,861
Mortgage notes receivable, net 55,693 55,648
Investment in real estate partnership 33,131 33,169
Prepaid expenses and other assets 131,192 132,659
Debt issuance costs, net of accumulated amortization of $10,881 and $10,140, respectively 10,103 10,861
TOTAL ASSETS 3,905,932 3,898,565
Liabilities    
Mortgages payable (including $204,681 and $205,299 of consolidated variable interest entities, respectively) 747,978 760,789
Capital lease obligations 71,687 71,693
Notes payable 299,595 299,575
Senior notes and debentures 1,076,635 1,076,545
Accounts payable and accrued expenses 126,715 120,929
Dividends payable 47,977 47,685
Security deposits payable 13,065 12,957
Other liabilities and deferred credits 94,501 103,379
Total liabilities 2,478,153 2,493,552
Commitments and contingencies (Note 6)      
Redeemable noncontrolling interests 94,249 94,420
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, 65,239,183 and 64,815,446 shares issued and outstanding, respectively 653 648
Additional paid-in capital 1,910,200 1,875,525
Accumulated dividends in excess of net income (600,024) (586,970)
Accumulated other comprehensive loss (10,773) (12,388)
Total shareholders' equity of the Trust 1,310,053 1,286,812
Noncontrolling interests 23,477 23,781
Total shareholders' equity 1,333,530 1,310,593
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 3,905,932 $ 3,898,565