XML 68 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
ASSETS    
Land and improvements $ 1,202,872 $ 1,166,409
Buildings and tenant improvements 4,766,793 5,396,339
Construction in progress 44,259 61,205
Investments in and advances to unconsolidated companies 364,859 367,445
Undeveloped land 622,635 625,353
Real estate investment property, at cost, total 7,001,418 7,616,751
Accumulated depreciation (1,108,650) (1,290,417)
Net real estate investments 5,892,768 6,326,334
Real estate investments and related assets held-for-sale 55,580 394,287
Cash and cash equivalents 213,809 18,384
Accounts receivable, net of allowance of $3,597 and $2,945 22,255 22,588
Straight-line rent receivable, net of allowance of $7,447 and $7,260 105,900 125,185
Receivables on construction contracts, including retentions 40,247 7,408
Deferred financing costs, net of accumulated amortization of $59,109 and $46,407 42,268 46,320
Deferred leasing and other costs, net of accumulated amortization of $292,334 and $269,000 460,881 517,934
Escrow deposits and other assets 170,729 185,836
Assets, total 7,004,437 7,644,276
LIABILITIES AND EQUITY    
Secured debt 1,173,233 1,065,628
Unsecured notes 2,616,063 2,948,405
Unsecured lines of credit 20,293 193,046
Long-term debt, total 3,809,589 4,207,079
Liabilities related to real estate investments held-for-sale 975 14,732
Construction payables and amounts due subcontractors, including retentions 55,775 44,782
Accrued real estate taxes 69,272 83,615
Accrued interest 58,904 62,407
Other accrued expenses 60,174 61,448
Other liabilities 131,735 129,860
Tenant security deposits and prepaid rents 38,355 50,450
Total liabilities 4,224,779 4,654,373
Shareholders' equity:    
Preferred shares ($.01 par value); 5,000 shares authorized; 3,176 and 3,618 shares issued and outstanding 793,910 904,540
Common shares ($.01 par value); 400,000 shares authorized; 252,927 and 252,195 shares issued and outstanding 2,529 2,522
Additional paid-in capital 3,594,588 3,573,720
Accumulated other comprehensive income (loss) 987 (1,432)
Distributions in excess of net income (1,677,328) (1,533,740)
Total shareholders' equity 2,714,686 2,945,610
Noncontrolling interests 64,972 44,293
Total equity 2,779,658 2,989,903
Liabilities and stockholders' equity, total $ 7,004,437 $ 7,644,276