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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Operating (including $265,138 and $264,506 of consolidated variable interest entities, respectively) $ 4,618,258 $ 4,473,813
Construction-in-progress 531,205 288,714
Assets held for sale/disposal (discontinued operations) 0 17,147
Real Estate Investment Property, At Cost, Total 5,149,463 4,779,674
Less accumulated depreciation and amortization (including $19,086 and $12,024 of consolidated variable interest entities, respectively) (1,350,471) (1,224,295)
Net real estate 3,798,992 3,555,379
Cash and cash equivalents 88,927 36,988
Accounts and notes receivable, net 84,838 73,861
Mortgage notes receivable, net 55,155 55,648
Investment in real estate partnership 32,264 33,169
Prepaid expenses and other assets 145,062 132,659
Debt issuance costs, net of accumulated amortization of $9,535 and $10,140, respectively 14,056 10,861
TOTAL ASSETS 4,219,294 3,898,565
Liabilities    
Mortgages payable (including $202,782 and $205,299 of consolidated variable interest entities, respectively) 588,456 760,789
Capital lease obligations 71,671 71,693
Notes payable 300,822 299,575
Senior notes and debentures 1,360,913 1,076,545
Accounts payable and accrued expenses 156,270 120,929
Dividends payable 52,385 47,685
Security deposits payable 12,772 12,957
Other liabilities and deferred credits 100,283 103,379
Total liabilities 2,643,572 2,493,552
Commitments and contingencies (Note 9)      
Redeemable Noncontrolling Interests 104,425 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, 66,701,422 and 64,815,446 shares issued and outstanding, respectively 667 648
Additional paid-in capital 2,062,708 1,875,525
Accumulated dividends in excess of net income (623,795) (586,970)
Accumulated other comprehensive loss (1,417) (12,388)
Total shareholders' equity of the Trust 1,448,160 1,286,812
Noncontrolling interests 23,137 23,781
Total shareholders' equity 1,471,297 1,310,593
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,219,294 $ 3,898,565