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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUES      
Rental income $ 1,980,437 $ 1,763,792 $ 1,629,878
Fee and asset management 9,026 9,476 10,346
Total revenues 1,989,463 1,773,268 1,640,224
EXPENSES      
Property and maintenance 416,723 402,078 369,731
Real estate taxes and insurance 222,427 211,621 190,374
Property management 82,133 80,087 71,300
Fee and asset management 4,279 4,998 7,345
Depreciation 646,963 613,146 518,726
General and administrative 43,606 39,881 38,985
Impairment 0 45,380 11,124
Total expenses 1,416,131 1,397,191 1,207,585
Operating income 573,332 376,077 432,639
Interest and other income 7,977 5,166 16,578
Other expenses (14,557) (11,928) (6,477)
Interest:      
Expense incurred, net (469,237) (468,306) (493,278)
Amortization of deferred financing costs (17,006) (10,114) (12,327)
Income (loss) before income and other taxes, (loss) from investments in unconsolidated entities, net gain (loss) on sales of unconsolidated entities and land parcels and discontinued operations 80,509 (109,105) (62,865)
Income and other tax (expense) benefit (728) (292) (2,716)
(Loss) from investments in unconsolidated entities 0 (735) (2,815)
Net gain on sales of unconsolidated entities 0 28,101 10,689
Net (loss) gain on sales of land parcels 4,217 (1,395) 0
(Loss) income from continuing operations 83,998 (83,426) (57,707)
Discontinued operations, net 851,199 379,409 439,736
Net income 935,197 295,983 382,029
Net (income) loss attributable to Noncontrolling Interests:      
Operating Partnership (40,780) (13,099) (20,305)
Preference Interests and Units 0 0 (9)
Partially Owned Properties (832) 726 558
Net income attributable to controlling interests 893,585 283,610 362,273
Preferred distributions (13,865) (14,368) (14,479)
Net income available to Common Shares $ 879,720 $ 269,242 $ 347,794
Earnings per share - basic:      
(Loss) from continuing operations available to Common Shares $ 0.225 $ (0.327) $ (0.247)
Net income available to Common Shares $ 2.984 $ 0.952 $ 1.271
Weighted average Common Shares outstanding 294,856 282,888 273,609
Earnings per share - diluted:      
(Loss) from continuing operations available to Common Shares $ 0.222 $ (0.327) $ (0.247)
Net income available to Common Shares $ 2.950 $ 0.952 $ 1.271
Weighted average Common Shares outstanding 312,065 282,888 273,609