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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 $ 1,960,243 $ 1,744,768 $ 1,610,469
Fee and asset management 9,026 9,476 10,346
Total revenues 1,969,269 1,754,244 1,620,815
EXPENSES      
Property and maintenance 412,233 397,573 365,448
Real estate taxes and insurance 219,743 209,023 187,895
Property management 82,133 80,087 71,300
Fee and asset management 4,279 4,998 7,345
Depreciation 642,415 608,612 514,200
General and administrative 43,606 39,881 38,985
Impairment 0 45,380 11,124
Total expenses 1,404,409 1,385,554 1,196,297
Operating income 564,860 368,690 424,518
Interest and other income 7,977 5,166 16,578
Other expenses (14,557) (11,928) (6,477)
Interest:      
Expense incurred, net (468,320) (465,792) (490,670)
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 72,954 (113,978) (68,378)
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 76,443 (88,299) (63,220)
Discontinued operations, net 858,754 384,282 445,249
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 $ 0.200 $ (0.344) $ (0.266)
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 $ 0.198 $ (0.344) $ (0.266)
Net income available to Common Shares $ 2.950 $ 0.952 $ 1.271
Weighted average Common Shares outstanding 312,065 282,888 273,609