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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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Rental income $ 626,880 $ 448,647 $ 1,749,374 $ 1,295,431
Fee and asset management 2,566 3,052 7,399 7,328
Total revenues 629,446 451,699 1,756,773 1,302,759
EXPENSES        
Property and maintenance 119,632 86,682 333,202 254,009
Real estate taxes and insurance 76,255 53,064 218,777 154,633
Property management 18,875 18,493 63,395 62,769
Fee and asset management 1,516 1,108 4,739 3,595
Depreciation 277,336 139,337 798,121 422,148
General and administrative 14,438 10,083 47,018 37,162
Total expenses 508,052 308,767 1,465,252 934,316
Operating Income 121,394 142,932 291,521 368,443
Interest and other income 816 70,087 1,320 70,514
Other expenses (3,986) (3,984) (7,530) (18,587)
Merger Expenses (182) (87) (19,741) (1,921)
Interest:        
Expense incurred, net (120,035) (113,222) (437,452) (345,476)
Amortization of deferred financing costs (4,335) (3,320) (15,636) (10,265)
(Loss) income 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 (6,328) 92,406 (187,518) 62,708
Income and other tax (expense) benefit (493) (222) (1,326) (602)
(Loss) from investments in unconsolidated entities due to operations (1,454) (3) (2,984) (3)
(Loss) from investments in unconsolidated entities due to merger expenses (1,771) 0 (54,781) 0
Net Gain on Sales of Unconsolidated Entities 16 0 16 0
Net gain (loss) on sales of land parcels (2,437) 0 12,179 0
(Loss) income from continuing operations (12,467) 92,181 (234,414) 62,103
Discontinued operations, net 404,184 144,142 2,023,897 434,702
Net income 391,717 236,323 1,789,483 496,805
Net (income) loss attributable to Noncontrolling Interests:        
Net (Income) Attributable to Noncontrolling Interest (14,836) (10,496) (70,947) (21,646)
Net (income) loss attributable to Noncontrolling Interests - Partially Owned Properties 311 312 1,101 (457)
Net income attributable to controlling interests 377,192 226,139 1,719,637 474,702
Preferred distributions (1,037) (2,386) (3,109) (9,319)
Redemption Premium 0 (5,150) 0 (5,150)
Net income available to Common Shares $ 376,155 $ 218,603 $ 1,716,528 $ 460,233
Earnings per share - basic:        
(Loss) income from continuing operations available to Common Shares $ (0.035) $ 0.269 $ (0.644) $ 0.150
Net income available to Common Shares $ 1.045 $ 0.725 $ 4.871 $ 1.534
Weighted average Common Shares outstanding 359,811 301,336 352,414 300,116
Earnings per share - diluted:        
(Loss) income from continuing operations available to Common Shares $ (0.035) $ 0.267 $ (0.644) $ 0.149
Net income available to Common Shares $ 1.045 $ 0.719 $ 4.871 $ 1.519
Weighted average Common Shares outstanding 359,811 318,773 352,414 317,265
Distributions declared per Common Share outstanding $ 0.40 $ 0.3375 $ 1.20 $ 1.0125