XML 104 R49.htm IDEA: XBRL DOCUMENT v2.4.0.6
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2011
Schedule of Quarterly Financial Information [Table Text Block]
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2011
 
3/31
 
6/30
 
9/30
 
12/31
Total revenues (1)
 
$
471,230

 
$
489,353

 
$
509,623

 
$
519,257

Operating income (1)
 
117,910

 
143,295

 
149,979

 
162,148

(Loss) income from continuing operations (1)
 
(7,569
)
 
18,185

 
34,416

 
38,966

Discontinued operations, net (1)
 
140,635

 
563,568

 
78,561

 
68,435

Net income *
 
133,066

 
581,753

 
112,977

 
107,401

Net income available to Common Shares
 
123,865

 
552,457

 
104,382

 
99,016

Earnings per share – basic:
 
 

 
 

 
 

 
 

Net income available to Common Shares
 
$
0.42

 
$
1.88

 
$
0.35

 
$
0.33

Weighted average Common Shares outstanding
 
292,895

 
294,663

 
295,831

 
295,990

Earnings per share – diluted:
 
 

 
 

 
 

 
 

Net income available to Common Shares
 
$
0.42

 
$
1.85

 
$
0.35

 
$
0.33

Weighted average Common Shares outstanding
 
292,895

 
312,199

 
312,844

 
312,731


(1)
The amounts presented for the first three quarters of 2011 are not equal to the same amounts previously reported in the respective Form 10-Q’s filed with the SEC for each period as a result of changes in discontinued operations due to additional property sales which occurred throughout 2011. Below is a reconciliation to the amounts previously reported:

 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
2011
 
3/31
 
6/30
 
9/30
Total revenues previously reported in Form 10-Q
 
$
520,623

 
$
498,059

 
$
511,958

Total revenues subsequently reclassified to discontinued operations
 
(49,393
)
 
(8,706
)
 
(2,335
)
Total revenues disclosed in Form 10-K
 
$
471,230

 
$
489,353

 
$
509,623

 
 
 
 
 
 
 
Operating income previously reported in Form 10-Q
 
$
133,510

 
$
146,495

 
$
151,076

Operating income subsequently reclassified to discontinued operations
 
(15,600
)
 
(3,200
)
 
(1,097
)
Operating income disclosed in Form 10-K
 
$
117,910

 
$
143,295

 
$
149,979

 
 
 
 
 
 
 
Income from continuing operations previously reported in Form 10-Q
 
$
7,727

 
$
21,195

 
$
35,491

Income from continuing operations subsequently reclassified to discontinued
   operations
 
(15,296
)
 
(3,010
)
 
(1,075
)
(Loss) income from continuing operations disclosed in Form 10-K
 
$
(7,569
)
 
$
18,185

 
$
34,416

 
 
 
 
 
 
 
Discontinued operations, net previously reported in Form 10-Q
 
$
125,339

 
$
560,558

 
$
77,486

Discontinued operations, net from properties sold subsequent to the respective
   reporting period
 
15,296

 
3,010

 
1,075

Discontinued operations, net disclosed in Form 10-K
 
$
140,635

 
$
563,568

 
$
78,561

 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2010
 
3/31
 
6/30
 
9/30
 
12/31
Total revenues (2)
 
$
421,517

 
$
439,258

 
$
451,745

 
$
460,748

Operating income (2)
 
97,540

 
97,590

 
104,444

 
76,503

(Loss) from continuing operations (2)
 
(21,315
)
 
(12,607
)
 
(1,088
)
 
(48,416
)
Discontinued operations, net (2)
 
79,171

 
22,696

 
30,914

 
246,628

Net income *
 
57,856

 
10,089

 
29,826

 
198,212

Net income available to Common Shares
 
51,863

 
6,343

 
25,166

 
185,870

Earnings per share – basic:
 
 

 
 

 
 

 
 

Net income available to Common Shares
 
$
0.18

 
$
0.02

 
$
0.09

 
$
0.65

Weighted average Common Shares outstanding
 
280,645

 
282,217

 
282,717

 
285,916

Earnings per share – diluted:
 
 

 
 

 
 

 
 

Net income available to Common Shares
 
$
0.18

 
$
0.02

 
$
0.09

 
$
0.65

Weighted average Common Shares outstanding
 
280,645

 
282,217

 
282,717

 
285,916


(2)
The amounts presented for the four quarters of 2010 are not equal to the same amounts previously reported in the Form 8-K filed with the SEC on November 10, 2011 for each period primarily as a result of changes in discontinued operations due to additional property sales which occurred throughout 2011. Below is a reconciliation to the amounts previously reported:

 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2010
 
3/31
 
6/30
 
9/30
 
12/31
Total revenues previously reported in November 2011 Form 8-K
 
$
423,596

 
$
441,417

 
$
453,960

 
$
462,960

Total revenues subsequently reclassified to discontinued operations
 
(2,079
)
 
(2,159
)
 
(2,215
)
 
(2,212
)
Total revenues disclosed in Form 10-K
 
$
421,517

 
$
439,258

 
$
451,745

 
$
460,748

 
 
 
 
 
 
 
 
 
Operating income previously reported in November 2011 Form 8-K
 
$
98,210

 
$
98,413

 
$
105,264

 
$
77,444

Operating income subsequently reclassified to discontinued
   operations
 
(670
)
 
(823
)
 
(820
)
 
(941
)
Operating income disclosed in Form 10-K
 
$
97,540

 
$
97,590

 
$
104,444

 
$
76,503

 
 
 
 
 
 
 
 
 
(Loss) from continuing operations previously reported in
   November 2011 Form 8-K
 
$
(20,676
)
 
$
(11,697
)
 
$
(295
)
 
$
(47,511
)
Income from continuing operations subsequently reclassified to
    discontinued operations
 
(639
)
 
(910
)
 
(793
)
 
(905
)
(Loss) from continuing operations disclosed in Form 10-K
 
$
(21,315
)
 
$
(12,607
)
 
$
(1,088
)
 
$
(48,416
)
 
 
 
 
 
 
 
 
 
Discontinued operations, net previously reported in November 2011
    Form 8-K
 
$
78,532

 
$
21,786

 
$
30,121

 
$
245,723

Discontinued operations, net from properties sold subsequent to the
    respective reporting period
 
639

 
910

 
793

 
905

Discontinued operations, net disclosed in Form 10-K
 
$
79,171

 
$
22,696

 
$
30,914

 
$
246,628

* The Company did not have any extraordinary items or cumulative effect of change in accounting principle during the years ended December 31, 2011 and 2010. Therefore, income before extraordinary items and cumulative effect of change in accounting principle is not shown as it was equal to the net income amounts disclosed above.
Operating Partnership [Member]
 
Schedule of Quarterly Financial Information [Table Text Block]
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2011
 
3/31
 
6/30
 
9/30
 
12/31
Total revenues (1)
 
$
471,230

 
$
489,353

 
$
509,623

 
$
519,257

Operating income (1)
 
117,910

 
143,295

 
149,979

 
162,148

(Loss) income from continuing operations (1)
 
(7,569
)
 
18,185

 
34,416

 
38,966

Discontinued operations, net (1)
 
140,635

 
563,568

 
78,561

 
68,435

Net income *
 
133,066

 
581,753

 
112,977

 
107,401

Net income available to Units
 
129,640

 
578,215

 
109,124

 
103,521

Earnings per Unit – basic:
 
 

 
 

 
 

 
 

Net income available to Units
 
$
0.42

 
$
1.88

 
$
0.35

 
$
0.33

Weighted average Units outstanding
 
306,248

 
307,954

 
308,884

 
309,120

Earnings per Unit – diluted:
 
 

 
 

 
 

 
 

Net income available to Units
 
$
0.42

 
$
1.85

 
$
0.35

 
$
0.33

Weighted average Units outstanding
 
306,248

 
312,199

 
312,844

 
312,731


(1)
The amounts presented for the first three quarters of 2011 are not equal to the same amounts previously reported in the respective Form 10-Q’s filed with the SEC for each period as a result of changes in discontinued operations due to additional property sales which occurred throughout 2011. Below is a reconciliation to the amounts previously reported:

 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
2011
 
3/31
 
6/30
 
9/30
Total revenues previously reported in Form 10-Q
 
$
520,623

 
$
498,059

 
$
511,958

Total revenues subsequently reclassified to discontinued operations
 
(49,393
)
 
(8,706
)
 
(2,335
)
Total revenues disclosed in Form 10-K
 
$
471,230

 
$
489,353

 
$
509,623

 
 
 
 
 
 
 
Operating income previously reported in Form 10-Q
 
$
133,510

 
$
146,495

 
$
151,076

Operating income subsequently reclassified to discontinued operations
 
(15,600
)
 
(3,200
)
 
(1,097
)
Operating income disclosed in Form 10-K
 
$
117,910

 
$
143,295

 
$
149,979

 
 
 
 
 
 
 
Income from continuing operations previously reported in Form 10-Q
 
$
7,727

 
$
21,195

 
$
35,491

Income from continuing operations subsequently reclassified to discontinued
   operations
 
(15,296
)
 
(3,010
)
 
(1,075
)
(Loss) income from continuing operations disclosed in Form 10-K
 
$
(7,569
)
 
$
18,185

 
$
34,416

 
 
 
 
 
 
 
Discontinued operations, net previously reported in Form 10-Q
 
$
125,339

 
$
560,558

 
$
77,486

Discontinued operations, net from properties sold subsequent to the respective
   reporting period
 
15,296

 
3,010

 
1,075

Discontinued operations, net disclosed in Form 10-K
 
$
140,635

 
$
563,568

 
$
78,561

 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2010
 
3/31
 
6/30
 
9/30
 
12/31
Total revenues (2)
 
$
421,517

 
$
439,258

 
$
451,745

 
$
460,748

Operating income (2)
 
97,540

 
97,590

 
104,444

 
76,503

(Loss) from continuing operations (2)
 
(21,315
)
 
(12,607
)
 
(1,088
)
 
(48,416
)
Discontinued operations, net (2)
 
79,171

 
22,696

 
30,914

 
246,628

Net income *
 
57,856

 
10,089

 
29,826

 
198,212

Net income available to Units
 
54,486

 
6,656

 
26,397

 
194,802

Earnings per Unit – basic:
 
 

 
 

 
 

 
 

Net income available to Units
 
$
0.18

 
$
0.02

 
$
0.09

 
$
0.65

Weighted average Units outstanding
 
294,450

 
295,898

 
296,348

 
299,363

Earnings per Unit – diluted:
 
 

 
 

 
 

 
 

Net income available to Units
 
$
0.18

 
$
0.02

 
$
0.09

 
$
0.65

Weighted average Units outstanding
 
294,450

 
295,898

 
296,348

 
299,363


(2)
The amounts presented for the four quarters of 2010 are not equal to the same amounts previously reported in the Form 10-K filed with the SEC on February 24, 2011 for each period primarily as a result of changes in discontinued operations due to additional property sales which occurred throughout 2011. Below is a reconciliation to the amounts previously reported:

 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2010
 
3/31
 
6/30
 
9/30
 
12/31
Total revenues previously reported in 2010 Form 10-K
 
$
472,082

 
$
494,541

 
$
511,772

 
$
517,124

Total revenues subsequently reclassified to discontinued operations
 
(50,565
)
 
(55,283
)
 
(60,027
)
 
(56,376
)
Total revenues disclosed in Form 10-K
 
$
421,517

 
$
439,258

 
$
451,745

 
$
460,748

 
 
 
 
 
 
 
 
 
Operating income previously reported in 2010 Form 10-K
 
$
112,382

 
$
115,247

 
$
121,047

 
$
93,325

Operating income subsequently reclassified to discontinued
   operations
 
(14,842
)
 
(17,657
)
 
(16,603
)
 
(16,822
)
Operating income disclosed in Form 10-K
 
$
97,540

 
$
97,590

 
$
104,444

 
$
76,503

 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations previously reported in
    2010 Form 10-K
 
$
(7,267
)
 
$
4,714

 
$
14,930

 
$
(32,221
)
Income from continuing operations subsequently reclassified to
    discontinued operations
 
(14,048
)
 
(17,321
)
 
(16,018
)
 
(16,195
)
(Loss) from continuing operations disclosed in Form 10-K
 
$
(21,315
)
 
$
(12,607
)
 
$
(1,088
)
 
$
(48,416
)
 
 
 
 
 
 
 
 
 
Discontinued operations, net previously reported in 2010 Form 10-K
 
$
65,123

 
$
5,375

 
$
14,896

 
$
230,433

Discontinued operations, net from properties sold subsequent to the
    respective reporting period
 
14,048

 
17,321

 
16,018

 
16,195

Discontinued operations, net disclosed in Form 10-K
 
$
79,171

 
$
22,696

 
$
30,914

 
$
246,628

* The Operating Partnership did not have any extraordinary items or cumulative effect of change in accounting principle during the years ended December 31, 2011 and 2010. Therefore, income before extraordinary items and cumulative effect of change in accounting principle is not shown as it was equal to the net income amounts disclosed above.