XML 14 R4.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Revenues:   
Rental and related revenue$ 869,130$ 830,993$ 791,855
General contractor and service fee revenue515,361449,509434,624
Revenues, Total1,384,4911,280,5021,226,479
Expenses:   
Rental expenses194,904189,175176,499
Real estate taxes116,688110,05894,683
General contractor and other services expenses486,865427,666418,743
Depreciation and amortization346,789320,965289,744
Costs and Expenses, Total1,145,2461,047,864979,669
Other operating activities:   
Equity in earnings of unconsolidated companies7,9809,89623,817
Gain on sale of properties39,66212,33739,057
Earnings from sales of land 35712,651
Undeveloped land carrying costs(9,203)(10,403)(8,204)
Impairment charges(9,834)(275,360)(10,165)
Other operating expenses(1,231)(1,017)(8,298)
General and administrative expense(41,329)(47,937)(39,508)
Other Operating Transactions Total(13,955)(312,127)9,350
Operating income (loss)225,290(79,489)256,160
Other income (expenses):   
Interest and other income, net5341,2291,451
Interest expense(237,848)(204,573)(181,637)
Gain (loss) on debt transactions(16,349)20,7001,953
Gain (loss) on acquisitions, net55,820(1,062) 
Income (loss) from continuing operations before income taxes27,447(263,195)77,927
Income tax benefit (expense)1,1266,0707,005
Income (loss) from continuing operations28,573(257,125)84,932
Discontinued operations:   
Income before impairment charges and gain on sales3,6356,0559,781
Impairment charges (27,206)(1,266)
Gain on sale of depreciable properties33,0546,78616,961
Income (loss) from discontinued operations36,689(14,365)25,476
Net income (loss)65,262(271,490)110,408
Dividends on preferred shares(69,468)(73,451)(71,426)
Adjustments for repurchase of preferred shares(10,438) 14,046
Net (income) loss attributable to noncontrolling interests53611,340(2,620)
Net income (loss) attributable to common shareholders$ (14,108)$ (333,601)$ 50,408
Basic net income (loss) per common share:   
Continuing operations attributable to common shareholders (in dollars per share)$ (0.22)$ (1.60)$ 0.16
Discontinued operations attributable to common shareholders (in dollars per share)$ 0.15$ (0.07)$ 0.17
Total (in dollars per share)$ (0.07)$ (1.67)$ 0.33
Diluted net income (loss) per common share:   
Continuing operations attributable to common shareholders (in dollars per share)$ (0.22)$ (1.60)$ 0.16
Discontinued operations attributable to common shareholders (in dollars per share)$ 0.15$ (0.07)$ 0.17
Total (in dollars per share)$ (0.07)$ (1.67)$ 0.33
Weighted average number of common shares outstanding (in shares)238,920201,206146,915
Weighted average number of common shares and potential dilutive securities (in shares)238,920201,206154,553