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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES    
Rental income $ 630,725 $ 502,562
Fee and asset management 2,717 2,160
Total revenues 633,442 504,722
EXPENSES    
Property and maintenance 125,573 98,529
Real estate taxes and insurance 82,094 65,095
Property management 22,118 22,489
Fee and asset management 1,662 1,646
Depreciation 185,167 196,222
General and administrative 17,576 16,495
Total expenses 434,190 400,476
Operating Income 199,252 104,246
Interest and other income 605 320
Other expenses (657) (21,719)
Interest:    
Expense incurred, net (113,049) (194,467)
Amortization of deferred financing costs (2,792) (6,948)
Income (loss) before income and other taxes, (loss) from investments in unconsolidated entities, net (loss) on sales of land parcels and discontinued operations 83,359 (118,568)
Income and other tax (expense) benefit (222) (405)
(Loss) from investments in unconsolidated entities (1,409) (46,366)
Net (loss) on sales of land parcels (30) 0
Income (loss) from continuing operations 81,698 (165,339)
Discontinued operations, net 1,034 1,226,373
Net income 82,732 1,061,034
Net (income) attributable to Noncontrolling Interests:    
Net (Income) Attributable to Noncontrolling Interest (3,093) (43,323)
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties (504) (25)
Net income attributable to controlling interests 79,135 1,017,686
Preferred distributions (1,036) (1,036)
Net income available to Common Shares $ 78,099 $ 1,016,650
Earnings per share - basic:    
Income (loss) from continuing operations available to Common Shares $ 0.214 $ (0.473)
Net income available to Common Shares $ 0.217 $ 3.012
Weighted average Common Shares outstanding 360,470 337,532
Earnings per share - diluted:    
Income (loss) from continuing operations available to Common Shares $ 0.213 $ (0.473)
Net income available to Common Shares $ 0.216 $ 3.012
Weighted average Common Shares outstanding 376,384 337,532
Distributions declared per Common Share outstanding $ 0.50 $ 0.40