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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Rental income$ 238,790$ 193,059$ 662,596$ 572,205
Expenses:    
Operating expenses100,91283,023275,760240,280
Depreciation and amortization56,38942,794159,072130,560
General and administrative11,4509,70433,55928,081
Loss on asset impairment   21,491
Acquisition related costs4,8051,5599,7222,965
Total expenses173,556137,080478,113423,377
Operating income65,23455,979184,483148,828
Interest and other income3695711,4282,134
Interest expense (including net amortization of debt discounts, premiums and deferred financing fees of $1,515, $1,784, $5,467 and $5,260, respectively)(49,423)(44,192)(145,037)(133,716)
Gain (loss) on early extinguishment of debt310(796)310(796)
Equity in earnings of investees2,7681,9998,3906,643
Gain on issuance of shares by an equity investee11,17718,39011,17734,808
Income from continuing operations before income tax expense30,43531,95160,75157,901
Income tax (expense) benefit(307)34(743)(329)
Income from continuing operations30,12831,98560,00857,572
Discontinued operations:    
Income from discontinued operations6536,6732,77716,877
Loss on asset impairment from discontinued operations(9,247) (9,247) 
Loss on early extinguishment of debt from discontinued operations (248) (248)
Gain on sale of properties from discontinued operations7,0014,56841,5734,568
Income before gain on sale of properties28,53542,97895,11178,769
Gain on sale of properties 22,832 34,336
Net income28,53565,81095,111113,105
Preferred distributions(13,823)(12,667)(33,162)(38,001)
Net income available for common shareholders$ 14,712$ 53,143$ 61,949$ 75,104
Weighted average common shares outstanding - basic (in shares)81,53665,17375,30762,198
Weighted average common shares outstanding - diluted (in shares)88,83472,47182,60569,496
Basic and diluted earnings per common share:    
Income from continuing operations available for common shareholders (in dollars per share)$ 0.20$ 0.65$ 0.36$ 0.87
(Loss) income from discontinued operations (in dollars per share)$ (0.02)$ 0.17$ 0.47$ 0.34
Net income available for common shareholders (in dollars per share)$ 0.18$ 0.82$ 0.82$ 1.21