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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Rental income $ 632,405 $ 446,139 $ 1,151,918 $ 874,338
Fee and asset management 2,673 2,212 4,833 4,276
Total revenues 635,078 448,351 1,156,751 878,614
EXPENSES        
Property and maintenance 117,819 85,423 220,417 173,819
Real estate taxes and insurance 78,547 53,422 145,400 104,268
Property management 22,031 20,937 44,520 44,276
Fee and asset management 1,577 1,180 3,223 2,487
Depreciation 327,985 145,438 528,328 289,273
General and administrative 16,086 13,391 32,582 27,079
Total expenses 564,045 319,791 974,470 641,202
Operating Income (Loss) 71,033 128,560 182,281 237,412
Interest and other income 249 258 504 427
Other expenses (981) (8,802) (3,544) (14,603)
Merger Expenses (467) (685) (19,559) (1,834)
Interest:        
Expense incurred, net (122,950) (114,627) (317,417) (232,254)
Amortization of deferred financing costs (4,353) (4,017) (11,301) (6,945)
(Loss) income before income and other taxes, (loss) from investments in unconsolidated entities, net gain on sales of land parcels and discontinued operations (57,469) 687 (169,036) (17,797)
Income and other tax (expense) benefit (428) (213) (833) (380)
(Loss) from investments in unconsolidated entities due to operations (1,175) 0 (1,530) 0
(Loss) from investments in unconsolidated entities due to merger expenses (6,999) 0 (53,010) 0
Net gain on sales of land parcels 14,616 0 14,616 0
(Loss) income from continuing operations (51,455) 474 (209,793) (18,177)
Discontinued operations, net 388,187 107,841 1,607,559 278,659
Net income 336,732 108,315 1,397,766 260,482
Net (income) attributable to Noncontrolling Interests:        
Operating Partnership (12,788) (4,732) (56,111) (11,150)
Net (income) attributable to Noncontrolling Interests - Partially Owned Properties 815 (319) 790 (769)
Net income attributable to controlling interests 324,759 103,264 1,342,445 248,563
Preferred distributions (1,036) (3,467) (2,072) (6,933)
Net income available to Common Shares $ 323,723 $ 99,797 $ 1,340,373 $ 241,630
Earnings per share - basic:        
(Loss) from continuing operations available to Common Shares $ (0.138) $ (0.011) $ (0.581) $ (0.082)
Net income available to Common Shares $ 0.900 $ 0.332 $ 3.844 $ 0.807
Weighted average Common Shares outstanding 359,653 300,193 348,654 299,499
Earnings per share - diluted:        
(Loss) from continuing operations available to Common Shares $ (0.138) $ (0.011) $ (0.581) $ (0.082)
Net income available to Common Shares $ 0.900 $ 0.332 $ 3.844 $ 0.807
Weighted average Common Shares outstanding 359,653 300,193 348,654 299,499
Distributions declared per Common Share outstanding $ 0.40 $ 0.3375 $ 0.80 $ 0.6750