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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues      
Revenues from rental properties $ 910,356 $ 836,881 $ 779,156
Management and other fee income 36,317 37,522 35,321
Total revenues 946,673 874,403 814,477
Operating expenses      
Rent 13,347 12,745 13,847
Real estate taxes 117,563 110,747 104,451
Operating and maintenance 115,151 107,204 102,538
General and administrative expenses 127,913 123,925 118,559
Provision for doubtful accounts 8,256 6,022 5,965
Impairment charges 190,218 59,569 32,763
Depreciation and amortization 247,537 236,923 218,260
Total operating expenses 721,171 607,855 576,697
Operating income 225,502 266,548 237,780
Other income/(expense)      
Mortgage financing income 4,304 7,504 7,273
Interest, dividends and other investment income 16,999 2,041 15,796
Other expense, net (533) (7,687) (4,010)
Interest expense (213,911) (225,710) (221,678)
Income from other real estate investments 2,306 2,451 4,121
Gain on sale of development properties     12,074
Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments 34,667 45,147 51,356
Provision for income taxes, net (34,520) (16,922) (25,789)
Equity in income of equity method investments, net 208,689 112,896 63,467
Income from continuing operations 261,683 210,073 141,416
Discontinued operations      
Income from discontinued operating properties, net of tax 18,224 21,082 40,582
Impairment/loss on operating properties sold, net of tax (83,900) (38,432) (17,343)
Gain on disposition of operating properties, net of tax 43,914 83,253 17,327
(Loss)/income from discontinued operations (21,762) 65,903 40,566
Gain on sale of operating properties, net of tax 1,432 4,299 108
Net income 241,353 280,275 182,090
Net income attributable to noncontrolling interests (5,072) (14,202) (13,039)
Net income attributable to the Company 236,281 266,073 169,051
Preferred stock redemption costs   (21,703)  
Preferred dividends (58,294) (71,697) (59,363)
Net income available to the Company's common shareholders 177,987 172,673 109,688
Income from continuing operations:      
-Basic (in Dollars per share) $ 0.47 $ 0.27 $ 0.18
-Diluted (in Dollars per share) $ 0.47 $ 0.27 $ 0.18
Net income attributable to the Company:      
-Basic (in Dollars per share) $ 0.43 $ 0.42 $ 0.27
-Diluted (in Dollars per share) $ 0.43 $ 0.42 $ 0.27
Weighted average shares:      
-Basic (in Shares) 407,631 405,997 406,530
-Diluted (in Shares) 408,614 406,689 407,669
Amounts attributable to the Company's common shareholders:      
Income from continuing operations 191,448 109,903 71,921
Income/(loss) from discontinued operations (13,461) 62,770 37,767
Gain on change in control of interests, net 21,711 15,555 569
Joint Ventures [Member]
     
Other income/(expense)      
Equity in income of equity method investments, net 208,689 112,896 63,467
Other Real Estate Investments [Member]
     
Other income/(expense)      
Equity in income of equity method investments, net 31,136 53,397 51,813
Development Properties [Member]
     
Other income/(expense)      
Gain on sale of development properties     12,074
Continuing Operations [Member]
     
Operating expenses      
Impairment charges $ 91,404 $ 10,289 $ 13,077