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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Continuing Operations [Member]    
Operating expenses    
Impairment charges $ 5,840 $ 6,391
Joint Ventures [Member]    
Other income/(expense)    
Equity in income of joint ventures, net 69,933 97,550
Other Real Estate Investments [Member]    
Other income/(expense)    
Equity in income of joint ventures, net 10,799 14,369
Revenues from rental properties 293,091 275,506
Management and other fee income 4,111 7,950
Total revenues 297,202 283,456
Rent 2,818 3,554
Real estate taxes 34,472 36,072
Operating and maintenance 34,553 33,902
General and administrative expenses 31,929 32,705
Provision for doubtful accounts 3,475 2,297
Impairment charges 5,840 6,473
Depreciation and amortization 84,856 74,569
Total operating expenses 197,943 189,490
Operating income 99,259 93,966
Mortgage financing income 410 1,136
Other expense, net (580) (768)
Interest expense (52,451) (52,578)
Income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income of other real estate investments 46,638 41,756
Provision for income taxes, net (12,112) (12,717)
Equity in income of joint ventures, net $ 69,933 97,550
Gain on change in control of interests, net 139,801
Income from continuing operations $ 115,258 280,759
Discontinued operations    
Loss from discontinued operating properties, net of tax (15)
Impairment/loss on operating properties, net of tax (60)
Loss from discontinued operations (75)
Gain on sale of operating properties, net of tax $ 26,896 32,055
Net income 142,154 312,739
Net income attributable to noncontrolling interests (1,441) (2,397)
Net income attributable to the Company 140,713 310,342
Preferred dividends (11,555) (14,573)
Net income available to the Company's common shareholders $ 129,158 $ 295,769
-Basic (in dollars per share) $ 0.31 $ 0.72
Income from continuing operations (in dollars per share) 0.31 0.71
Net income attributable to the Company:    
-Basic (in dollars per share) 0.31 0.72
-Diluted (in dollars per share) $ 0.31 $ 0.71
Weighted average shares:    
-Basic (in shares) 412,630 410,433
-Diluted (in shares) 414,145 415,396
Income from continuing operations $ 129,158 $ 295,844
Loss from discontinued operations attributable to the Company (75)
Net income $ 129,158 $ 295,769