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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES        
Rental income $ 553,092 $ 490,944 $ 1,602,635 $ 1,417,136
Fee and asset management 3,052 2,928 7,328 6,682
Total revenues 556,144 493,872 1,609,963 1,423,818
EXPENSES        
Property and maintenance 110,679 101,712 325,071 300,362
Real estate taxes and insurance 64,235 57,109 182,222 162,430
Property management 18,493 19,175 62,769 62,191
Fee and asset management 1,108 1,250 3,595 3,207
Depreciation 167,406 159,691 509,338 467,416
General and administrative 10,096 10,121 37,178 32,462
Total expenses 372,017 349,058 1,120,173 1,028,068
Operating income 184,127 144,814 489,790 395,750
Interest and other income 70,087 5,313 70,516 6,598
Other expenses (4,094) (2,528) (20,678) (9,318)
Interest:        
Expense incurred, net (113,876) (112,449) (347,452) (350,957)
Amortization of deferred financing costs (3,338) (4,650) (10,319) (11,900)
Income before income and other taxes, net gain on sales of land parcels and discontinued operations 132,906 30,500 181,857 30,173
Income and other tax (expense) benefit (222) (283) (627) (669)
(Loss) from investments in unconsolidated entities (3) 0 (3) 0
Net gain on sales of land parcels 0 0 0 4,217
Income from continuing operations 132,681 30,217 181,227 33,721
Discontinued operations, net 103,642 82,760 315,578 794,075
Net income 236,323 112,977 496,805 827,796
Net (income) attributable to Noncontrolling Interests:        
Operating Partnership (10,496) (4,742) (21,646) (36,275)
Partially Owned Properties 312 (387) (457) (418)
Net income attributable to controlling interests 226,139 107,848 474,702 791,103
Preferred distributions (2,386) (3,466) (9,319) (10,399)
Redemption Premium (5,150) 0 (5,150) 0
Net income available to Common Shares $ 218,603 $ 104,382 $ 460,233 $ 780,704
Earnings per share - basic:        
Income (Loss) from Continuing Operations, Per Basic Share $ 0.397 $ 0.085 $ 0.529 $ 0.074
Net income available to Common Shares $ 0.725 $ 0.353 $ 1.534 $ 2.651
Weighted average Common Shares outstanding 301,336 295,831 300,116 294,474
Earnings per share - diluted:        
Income (loss) from continuing operations available to Common Shares $ 0.394 $ 0.084 $ 0.524 $ 0.073
Net income available to Common Shares $ 0.719 $ 0.349 $ 1.519 $ 2.619
Weighted average Common Shares outstanding 318,773 312,844 317,265 311,908
Distributions declared per Common Share outstanding $ 0.3375 $ 0.3375 $ 1.0125 $ 1.0125