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Segment Information (Tables)
6 Months Ended
Jun. 30, 2011
Segment Information  
Reportable Segment Information
    Shopping
Center
    Industrial     Other     Total  

Three Months Ended June 30, 2011:

       

Revenues

  $ 125,036          $ 12,530          $ 3,659          $ 141,225       

Net Operating Income

    88,007            8,472            1,580            98,059       

Equity in Earnings (Loss) of Real Estate Joint Ventures and Partnerships, net

    3,439            286            (146)           3,579       

Three Months Ended June 30, 2010:

       

Revenues

  $ 122,144          $ 13,142          $ 2,505          $ 137,791       

Net Operating Income

    86,213            8,958            821            95,992       

Equity in Earnings (Loss) of Real Estate Joint Ventures and Partnerships, net

    2,457            319            (146)           2,630       

Six Months Ended June 30, 2011:

       

Revenues

  $ 244,627          $ 24,917          $ 5,776          $ 275,320       

Net Operating Income

    172,494            17,028            1,604            191,126       

Equity in Earnings (Loss) of Real Estate Joint Ventures and Partnerships, net

    6,763            432            (219)           6,976       

Six Months Ended June 30, 2010:

       

Revenues

  $ 243,688          $ 25,627          $ 4,568          $ 273,883       

Net Operating Income

    171,008            17,456            1,073            189,537       

Equity in Earnings (Loss) of Real Estate Joint Ventures and Partnerships, net

    5,636            525            (295)           5,866       

As of June 30, 2011:

       

Investment in Real Estate Joint Ventures and Partnerships, net

  $ 308,028          $ 37,376          $ -          $ 345,404       

Total Assets

    3,442,227            355,252            958,299            4,755,778       

As of December 31, 2010:

       

Investment in Real Estate Joint Ventures and Partnerships, net

  $ 309,171          $ 38,355          $ -          $ 347,526       

Total Assets

        3,469,694                363,153                975,008                4,807,855       
Reconciliation Of Segment Net Operating Income To Income From Continuing Operations
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2011     2010     2011     2010  

Total Segment Net Operating Income

  $ 98,059        $ 95,992        $  191,126        $  189,537     

Depreciation and Amortization

    (39,609)         (37,685)         (78,040)         (73,542)    

Impairment Loss

    (18,892)         (15,825)         (19,662)         (16,061)    

General and Administrative

    (6,612)         (6,069)         (13,168)         (12,660)    

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