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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - Scenario, Unspecified [Domain] - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Rental income $ 676,508 $ 649,766 $ 1,341,114 $ 1,280,491
Fee and asset management 2,604 2,802 4,369 5,519
Total revenues 679,112 652,568 1,345,483 1,286,010
EXPENSES        
Property and maintenance 118,005 115,382 242,565 240,948
Real estate taxes and insurance 83,119 83,055 169,551 165,149
Property management 20,518 20,555 41,962 42,673
Fee and asset management 1,274 1,378 2,595 3,040
Depreciation 194,282 190,136 388,803 375,303
General and administrative 15,730 13,752 35,652 31,328
Total expenses 432,928 424,258 881,128 858,441
Operating Income 246,184 228,310 464,355 427,569
Interest and other income 6,481 2,032 6,650 2,637
Other expenses (1,770) (1,539) (1,700) (2,203)
Interest:        
Expense incurred, net (110,795) (115,924) (219,417) (228,973)
Amortization of deferred financing costs (2,538) (3,134) (5,127) (5,926)
Income before income and other taxes, income (loss) from investments in unconsolidated entities, net gain (loss) on sales of real estate properties and land parcels and discontinued operations 137,562 109,745 244,761 193,104
Income and other tax (expense) benefit (326) (646) (369) (886)
Income (loss) from investments in unconsolidated entities 12,466 (7,616) 15,429 (9,025)
Net gain on sales of real estate properties 148,802 14,903 228,753 14,903
Net (loss) gain on sales of land parcels 0 824 (1) 794
Income from continuing operations 298,504 117,210 488,573 198,890
Discontinued operations, net 114 510 269 1,562
Net income 298,618 117,720 488,842 200,452
Net (income) attributable to Noncontrolling Interests:        
Net (income) attributable to Noncontrolling Interests - Operating Partnership (11,354) (4,442) (18,413) (7,535)
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties (844) (588) (1,487) (1,092)
Net income attributable to controlling interests 286,420 112,690 468,942 191,825
Preferred distributions (833) (1,036) (1,724) (2,072)
Premium on redemption of Preferred Shares 0 0 (2,789) 0
Net income available to Common Shares $ 285,587 $ 111,654 $ 464,429 $ 189,753
Earnings per share - basic:        
Income from continuing operations available to Common Shares $ 0.79 $ 0.31 $ 1.28 $ 0.52
Net income available to Common Shares $ 0.79 $ 0.31 $ 1.28 $ 0.53
Weighted average Common Shares outstanding 363,476 360,809 363,288 360,641
Earnings per share - diluted:        
Income from continuing operations available to Common Shares $ 0.78 $ 0.31 $ 1.27 $ 0.52
Net income available to Common Shares $ 0.78 $ 0.31 $ 1.27 $ 0.52
Weighted average Common Shares outstanding 380,491 377,118 380,346 376,780
Distributions declared per Common Share outstanding $ 0.5525 $ 0.50 $ 1.105 $ 1.00