XML 52 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Rentals, net $ 127,974 $ 120,361 $ 380,398 $ 353,880
Other 2,547 2,941 7,906 9,244
Total 130,521 123,302 388,304 363,124
Expenses:        
Depreciation and amortization 36,694 35,348 113,948 107,039
Operating 23,454 24,430 71,989 70,962
Real estate taxes, net 15,412 14,717 46,419 42,696
Impairment loss 0 2,358 0 2,579
General and administrative 6,146 5,964 17,879 18,812
Total 81,706 82,817 250,235 242,088
Operating Income 48,815 40,485 138,069 121,036
Interest Expense, net (24,373) (26,018) (73,263) (68,482)
Interest and Other Income, net 96 1,864 2,893 5,787
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 0 7 1,718 11,599
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 7,881 5,125 16,331 14,467
Benefit for Income Taxes 284 226 1,885 256
Income from Continuing Operations 32,703 21,689 87,633 84,663
Operating Income from Discontinued Operations 0 2,323 342 9,925
Gain on Sale of Property from Discontinued Operations 0 38,214 44,582 116,226
Income from Discontinued Operations 0 40,537 44,924 126,151
Gain on Sale of Property 69,496 163 71,407 570
Net Income 102,199 62,389 203,964 211,384
Less: Net Income Attributable to Noncontrolling Interests (1,870) (1,847) (4,936) (41,056)
Net Income Adjusted for Noncontrolling Interests 100,329 60,542 199,028 170,328
Dividends on Preferred Shares (2,710) (2,710) (8,130) (15,463)
Redemption Costs of Preferred Shares 0 0 0 (17,944)
Net Income Attributable to Common Shareholders $ 97,619 $ 57,832 $ 190,898 $ 136,921
Earnings Per Common Share - Basic:        
Income from continuing operations attributable to common shareholders $ 0.80 $ 0.14 $ 1.20 $ 0.40
Income from discontinued operations $ 0.00 $ 0.34 $ 0.37 $ 0.73
Net income attributable to common shareholders $ 0.80 $ 0.48 $ 1.57 $ 1.13
Earnings Per Common Share - Diluted:        
Income from continuing operations attributable to common shareholders $ 0.79 $ 0.14 $ 1.19 $ 0.39
Income from discontinued operations $ 0.00 $ 0.33 $ 0.36 $ 0.73
Net income attributable to common shareholders $ 0.79 $ 0.47 $ 1.55 $ 1.12