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Condensed Consolidated Statements of Income (Unaudited) (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 from rental property $ 219,236 $ 208,322 $ 441,038 $ 419,613
Rental property expenses:        
Rent (3,808) (3,543) (7,104) (7,110)
Real estate taxes (29,145) (30,265) (59,625) (58,764)
Operating and maintenance (28,279) (27,514) (62,260) (59,082)
Impairment of property carrying values (598) (1,900) (1,076) (1,900)
Mortgage and other financing income 1,940 2,371 3,769 5,041
Management and other fee income 8,437 11,417 18,100 21,261
Depreciation and amortization (61,521) (57,808) (126,946) (113,501)
General and administrative expenses (29,634) (26,425) (59,389) (54,559)
Interest, dividends and other investment income 8,932 5,177 13,797 11,264
Other income/(expense), net 742 (1,109) 437 (1,424)
Interest expense (55,804) (58,167) (111,361) (113,702)
Income from other real estate investments 447 424 612 1,468
Gain on sale of development properties       1,793
Impairments:        
Investments in other real estate investments   (2,112)   (5,994)
Marketable securities and other investments       (506)
Investments in real estate joint ventures (3,123)   (3,123)  
Income from continuing operations before income taxes, equity in income/(loss) of joint ventures and equity in income from other real estate investments 27,822 18,868 46,869 43,898
(Provision)/benefit for income taxes, net (5,588) 101 (9,782) (1,017)
Income from continuing operations 44,889 26,407 77,591 79,326
Discontinued operations:        
(Loss)/income from discontinued operating properties, net of tax (2,161) 1,103 (290) 3,706
Impairment/loss on operating/development properties held for sale/sold (5,438) (2,618) (8,153) (3,422)
Gain on disposition of operating properties 4,025   4,188  
(Loss)/income from discontinued operations (3,574) (1,515) (4,255) 284
Loss on transfer of operating properties, net   (57)   (57)
Gain on sale of operating properties, net   2,442   2,434
Total net gain on transfer or sale of operating properties   2,385   2,377
Net income 41,315 27,277 73,336 81,987
Net income attributable to noncontrolling interests (2,606) (2,666) (5,665) (6,540)
Net income attributable to the Company 38,709 24,611 67,671 75,447
Preferred stock dividends (14,841) (11,822) (29,681) (23,644)
Net income available to the Company's common shareholders 23,868 12,789 37,990 51,803
Income from continuing operations:        
-Basic (in Dollars per share) $ 0.07 $ 0.04 $ 0.10 $ 0.13
-Diluted (in Dollars per share) $ 0.07 $ 0.04 $ 0.10 $ 0.13
Net income:        
-Basic (in Dollars per share) $ 0.06 $ 0.03 $ 0.09 $ 0.13
-Diluted (in Dollars per share) $ 0.06 $ 0.03 $ 0.09 $ 0.13
Weighted average shares:        
-Basic (in Shares) 406,559 405,705 406,500 405,635
-Diluted (in Shares) 407,562 406,009 407,472 405,871
Amounts available to the Company's common shareholders:        
Income from continuing operations, net of tax 27,483 14,397 42,303 51,627
(Loss)/income from discontinued operations (3,615) (1,608) (4,313) 176
Net income 23,868 12,789 37,990 51,803
Equity InIncome OfJoint Ventures Net [Member]
       
Impairments:        
Equity in income of investment 17,824 (300) 30,169 14,619
Equity InIncome From Other Real Estate Investments Net [Member]
       
Impairments:        
Equity in income of investment $ 4,831 $ 7,738 $ 10,335 $ 21,826