XML 87 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements Of Income And Comprehensive Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Rentals, net $ 135,521 $ 134,320 $ 266,894 $ 267,399
Other 5,704 3,471 8,426 6,484
Total 141,225 137,791 275,320 273,883
Expenses:        
Depreciation and amortization 39,609 37,685 78,040 73,542
Operating 26,839 25,581 51,122 51,373
Real estate taxes, net 16,327 16,218 33,072 32,973
Impairment loss 18,892 15,825 19,662 16,061
General and administrative 6,612 6,069 13,168 12,660
Total 108,279 101,378 195,064 186,609
Operating Income 32,946 36,413 80,256 87,274
Interest Expense, net (37,324) (37,280) (74,170) (74,719)
Interest and Other Income, net 1,423 972 3,478 3,835
Equity in Earnings of Real Estate Joint Ventures and Partnerships, net 3,579 2,630 6,976 5,866
Loss on Redemption of Convertible Senior Unsecured Notes   (135)   (135)
Gain on Acquisition 4,559   4,559  
Gain on Land and Merchant Development Sales 1   963  
(Provision) Benefit for Income Taxes (119) 320 197 (156)
Income from Continuing Operations 5,065 2,920 22,259 21,965
Operating (Loss) Income from Discontinued Operations (2,261) 138 (2,365) 367
Gain on Sale of Property from Discontinued Operations   618   618
(Loss) Income from Discontinued Operations (2,261) 756 (2,365) 985
Gain (Loss) on Sale of Property 135 (6) 233 842
Net Income 2,939 3,670 20,127 23,792
Less: Net Income Attributable to Noncontrolling Interests (1,236) (367) (2,328) (1,381)
Net Income Adjusted for Noncontrolling Interests 1,703 3,303 17,799 22,411
Dividends on Preferred Shares (8,869) (8,869) (17,738) (17,738)
Net (Loss) Income Attributable to Common Shareholders (7,166) (5,566) 61 4,673
Earnings Per Common Share - Basic:        
(Loss) income from continuing operations attributable to common shareholders $ (0.04) $ (0.05) $ 0.02 $ 0.03
(Loss) income from discontinued operations $ (0.02)   $ (0.02) $ 0.01
Net (loss) income attributable to common shareholders $ (0.06) $ (0.05)   $ 0.04
Earnings Per Common Share - Diluted:        
(Loss) income from continuing operations attributable to common shareholders $ (0.04) $ (0.05) $ 0.02 $ 0.03
(Loss) income from discontinued operations $ (0.02)   $ (0.02) $ 0.01
Net (loss) income attributable to common shareholders $ (0.06) $ (0.05)   $ 0.04
Comprehensive Income:        
Net income 2,939 3,670 20,127 23,792
Net unrealized loss on derivatives (401)   (290)  
Amortization of loss on derivatives 619 619 1,238 1,328
Comprehensive Income 3,157 4,289 21,075 25,120
Comprehensive Income Attributable to Noncontrolling Interests (1,236) (367) (2,328) (1,381)
Comprehensive Income Adjusted for Noncontrolling Interests $ 1,921 $ 3,922 $ 18,747 $ 23,739