Note 24 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Book to Tax Reconciliation [Table Text Block]

		2011 (Estimated)		2010 (Actual)		2009 (Actual)
GAAP net income/(loss) attributable to the Company	$	169,051	$	142,868	$	(3,942)
Less: GAAP net (income)/loss of taxable REIT subsidiaries		(19,572)		13,920		67,844
GAAP net income from REIT operations (a)		149,479		156,788		63,902
Net book depreciation in excess of tax depreciation		30,441		13,568		25,145
Deferred/prepaid/above and below market rents, net		(18,648)		(19,978)		(21,863)
Book/tax differences from non-qualified stock options		9,296		9,103		11,128
Book/tax differences from investments in real estate joint ventures		56,764		69,581		47,550
Book/tax difference on sale of property		12,315		(39,139)		(18,666)
Book adjustment to property carrying values and marketable equity securities		8,200		19,065		107,468
Taxable currency exchange gains, net		27,629		13,134		4,113
Book/tax differences on capitalized costs		(7,483)		(12,782)		(6,030)
Other book/tax differences, net		(4,684)		(6,064)		1,269
Adjusted REIT taxable income	$	263,309	$	203,276	$	214,016

Taxable Characteristics of Distributions Paid [Table Text Block]

		2011			2010			2009
Preferred F Dividends
Ordinary income	$	11,638	100%	$	11,638	100%	$	11,638	100%
Preferred G Dividends
Ordinary income	$	35,650	100%	$	35,650	100%	$	35,650	100%
Preferred H Dividends
Ordinary income	$	13,584	100%	$	-	-%	$	-	-%
Common Dividends
Ordinary income	$	208,832	71%	$	181,773	70%	$	204,291	72%
Return of capital		84,060	29%		77,903	30%		79,445	28%
	$	292,892	100%	$	259,676	100%	$	283,736	100%
Total dividends distributed	$	353,764		$	306,964		$	331,024

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2011		2010		2009
Income/(loss) before income taxes – U.S.	$	36,077	$	(23,658)	$	(104,231)
(Provision)/benefit for income taxes, net:
Federal :
Current		(2,463)		1,482		24,225
Deferred		(10,635)		7,136		11,029
Federal tax (provision)/benefit		(13,098)		8,618		35,254
State and local:
Current		(1,343)		(265)		(1,007)
Deferred		(2,064)		1,385		2,140
State tax (provision)/benefit		(3,407)		1,120		1,133
Total tax (provision)/benefit – U.S.		(16,505)		9,738		36,387
Net income/(loss) from U.S. taxable REIT subsidiaries	$	19,572	$	(13,920)	$	(67,844)
Income before taxes – Non-U.S.	$	63,154	$	102,426	$	106,269
(Provision)/benefit for Non-U.S. income taxes:
Current	$	(4,484)	$	(13,671)	$	(6,380)
Deferred		2,784		430		(95)
Non-U.S. tax provision	$	(1,700)	$	(13,241)	$	(6,475)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2011		2010
Deferred tax assets:
Tax/GAAP basis differences	$	66,177	$	80,539
Net operating losses		47,719		43,700
Related party deferred loss		7,577		7,275
Tax credit carryforwards		3,537		5,240
Capital loss carryforwards		364		-
Non-U.S. tax/GAAP basis differences		63,610		35,188
Valuation allowance – U.S.		(33,783)		(33,783)
Valuation allowance – Non-U.S.		(32,737)		(9,813)
Total deferred tax assets		122,464		128,346
Deferred tax liabilities – U.S.		(11,434)		(10,108)
Deferred tax liabilities – Non-U.S.		(16,085)		(15,619)
Net deferred tax assets	$	94,945	$	102,619

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2011		2010		2009
Federal benefit at statutory tax rate (35%)	$	12,627	$	(8,280)	$	(36,481)
State and local taxes, net of federal benefit		1,683		(728)		(6,775)
Other		2,195		(730)		6,869
Total tax provision/(benefit) – U.S.	$	16,505	$	(9,738)	$	(36,387)

Summary of Income Tax Contingencies [Table Text Block]

		2011		2010
Balance, beginning of year	$	14,908	$	13,090
Increases for tax positions related to current year		1,993		2,638
Decrease for audit settlements		-		(93)
Reductions due to lapsed statute of limitations		-		(727)
Balance, end of year	$	16,901	$	14,908