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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
ASSETS    
Operating (including $281,602 and $265,138 of consolidated variable interest entities, respectively) $ 4,815,667 $ 4,618,258
Construction-in-progress 572,986 531,205
Real Estate Investment Property, At Cost, Total 5,388,653 5,149,463
Less accumulated depreciation and amortization (including $20,974 and $19,086 of consolidated variable interest entities, respectively) (1,383,520) (1,350,471)
Net real estate 4,005,133 3,798,992
Cash and cash equivalents 75,699 88,927
Accounts and notes receivable, net 92,769 84,838
Mortgage notes receivable, net 55,287 55,155
Investment in real estate partnership 32,140 32,264
Prepaid expenses and other assets 130,921 145,062
Debt issuance costs, net of accumulated amortization of $10,261 and $9,535, respectively 13,698 14,056
TOTAL ASSETS 4,405,647 4,219,294
Liabilities    
Mortgages payable (including $209,742 and $202,782 of consolidated variable interest entities, respectively) 658,264 588,456
Capital lease obligations 71,665 71,671
Notes Payable 300,910 300,822
Senior notes and debentures 1,361,098 1,360,913
Accounts payable and accrued expenses 157,357 156,270
Dividends payable 53,310 52,385
Security deposits payable 13,122 12,772
Other liabilities and deferred credits 105,285 100,283
Total liabilities 2,721,011 2,643,572
Commitments and contingencies (Note 7)      
Redeemable noncontrolling interests 110,368 104,425
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, 67,267,030 and 66,701,422 shares issued and outstanding, respectively 673 667
Additional paid-in capital 2,114,666 2,062,708
Accumulated dividends in excess of net income (637,638) (623,795)
Accumulated other comprehensive loss (1,960) (1,417)
Total shareholders' equity of the Trust 1,485,738 1,448,160
Noncontrolling interests 88,530 23,137
Total shareholders' equity 1,574,268 1,471,297
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,405,647 $ 4,219,294