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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Rentals, net $ 128,254 $ 127,974 $ 375,222 $ 380,398
Other 2,533 2,547 7,968 7,906
Total 130,787 130,521 383,190 388,304
Expenses:        
Depreciation and amortization 36,327 36,694 108,929 113,948
Operating 24,291 23,454 69,076 71,989
Real estate taxes, net 15,770 15,412 45,895 46,419
Impairment loss 0 0 153 0
General and administrative 6,188 6,146 20,021 17,879
Total 82,576 81,706 244,074 250,235
Operating Income 48,211 48,815 139,116 138,069
Interest Expense, net (20,607) (24,373) (67,357) (73,263)
Interest and Other (Expense) Income, net (888) 96 2,252 2,893
Gain on Sale and Acquisition of Real Estate Joint Venture and Partnership Interests 0 0 879 1,718
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 5,096 7,881 13,680 16,331
Benefit (Provision) for Income Taxes 144 284 (291) 1,885
Income from Continuing Operations 31,956 32,703 88,279 87,633
Operating Income from Discontinued Operations 0 0 0 342
Gain on Sale of Property from Discontinued Operations 0 0 0 44,582
Income from Discontinued Operations 0 0 0 44,924
Gain on Sale of Property 13,232 69,496 43,917 71,407
Net Income 45,188 102,199 132,196 203,964
Less: Net Income Attributable to Noncontrolling Interests (1,787) (1,870) (5,119) (4,936)
Net Income Adjusted for Noncontrolling Interests 43,401 100,329 127,077 199,028
Dividends on Preferred Shares 0 (2,710) (3,830) (8,130)
Redemption Costs of Preferred Shares 0 0 (9,687) 0
Net Income Attributable to Common Shareholders $ 43,401 $ 97,619 $ 113,560 $ 190,898
Earnings Per Common Share - Basic:        
Income from continuing operations attributable to common shareholders (dollars per share) $ 0.35 $ 0.80 $ 0.92 $ 1.20
Income from discontinued operations (dollars per share) 0.00 0.00 0.00 0.37
Net income attributable to common shareholders (dollars per share) 0.35 0.80 0.92 1.57
Earnings Per Common Share - Diluted:        
Income from continuing operations attributable to common shareholders (dollars per share) 0.35 0.79 0.91 1.19
Income from discontinued operations (dollars per share) 0.00 0.00 0.00 0.36
Net income attributable to common shareholders (dollars per share) $ 0.35 $ 0.79 $ 0.91 $ 1.55