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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rentals, net $ 124,310 $ 127,791 $ 246,968 $ 252,424
Other 2,494 2,400 5,435 5,359
Total 126,804 130,191 252,403 257,783
Expenses:        
Depreciation and amortization 36,451 36,630 72,602 77,254
Operating 22,200 23,920 44,785 48,535
Real estate taxes, net 15,498 16,358 30,125 31,007
Impairment loss 153 0 153 0
General and administrative 6,461 5,820 13,833 11,733
Total 80,763 82,728 161,498 168,529
Operating Income 46,041 47,463 90,905 89,254
Interest Expense, net (20,292) (24,310) (46,750) (48,890)
Interest and Other Income, net 418 803 3,140 2,797
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 18 1,718 879 1,718
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 3,212 4,048 8,584 8,450
Benefit (Provision) for Income Taxes 226 2,081 (435) 1,601
Income from Continuing Operations 29,623 31,803 56,323 54,930
Operating Income from Discontinued Operations 0 63 0 342
Gain on Sale of Property from Discontinued Operations 0 3,370 0 44,582
Income from Discontinued Operations 0 3,433 0 44,924
Gain on Sale of Property 8,163 1,748 30,685 1,911
Net Income 37,786 36,984 87,008 101,765
Less: Net Income Attributable to Noncontrolling Interests (1,757) (1,588) (3,332) (3,066)
Net income adjusted for noncontrolling interests 36,029 35,396 83,676 98,699
Dividends on Preferred Shares (1,120) (2,710) (3,830) (5,420)
Redemption Costs of Preferred Shares (9,687) 0 (9,687) 0
Net Income Attributable to Common Shareholders $ 25,222 $ 32,686 $ 70,159 $ 93,279
Earnings Per Common Share - Basic:        
Income from continuing operations attributable to common shareholders (dollars per share) $ 0.20 $ 0.24 $ 0.57 $ 0.40
Income from discontinued operations (dollars per share) 0.00 0.03 0.00 0.37
Net income attributable to common shareholders (dollars per share) 0.20 0.27 0.57 0.77
Earnings Per Common Share - Diluted:        
Income from continuing operations attributable to common shareholders (dollars per share) 0.20 0.24 0.57 0.39
Income from discontinued operations (dollars per share) 0.00 0.03 0.00 0.37
Net income attributable to common shareholders (dollars per share) $ 0.20 $ 0.27 $ 0.57 $ 0.76