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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Rental income $ 616,165 $ 664,606
Fee and asset management 2,918 1,765
Total revenues 619,083 666,371
EXPENSES    
Property and maintenance 109,165 124,560
Real estate taxes and insurance 80,196 86,432
Property management 23,495 22,765
General and administrative 16,717 19,762
Depreciation 172,885 194,521
Total expenses 402,458 448,040
Operating income 216,625 218,331
Interest and other income 3,058 169
Other expenses (2,556) 70
Interest:    
Expense incurred, net (213,492) (108,782)
Amortization of deferred financing costs (5,394) (2,589)
(Loss) income before income and other taxes, (loss) income from investments in unconsolidated entities, net gain (loss) on sales of real estate properties and land parcels and discontinued operations (1,759) 107,199
Income and other tax (expense) benefit (350) (43)
(Loss) income from investments in unconsolidated entities (1,104) 2,963
Net gain on sales of real estate properties 3,723,479 79,951
Net gain (loss) on sales of land parcels 11,722 (1)
Income from continuing operations 3,731,988 190,069
Discontinued operations, net (157) 155
Net income 3,731,831 190,224
Net (income) attributable to Noncontrolling Interests:    
Net (income) attributable to Noncontrolling Interests (143,309) (7,059)
Net (income) attributable to Noncontrolling Interests – Partially Owned Properties (764) (643)
Net income attributable to controlling interests 3,587,758 182,522
Preferred distributions (773) (891)
Premium on redemption of Preferred Shares 0 (2,789)
Net income available to Common Shares $ 3,586,985 $ 178,842
Earnings per share – basic:    
Income from continuing operations available to Common Shares $ 9.84 $ 0.49
Net income available to Common Shares $ 9.84 $ 0.49
Weighted average Common Shares outstanding 364,592 363,098
Earnings per share – diluted:    
Income from continuing operations available to Common Shares $ 9.76 $ 0.49
Net income available to Common Shares $ 9.76 $ 0.49
Weighted Average Number of Shares/Units Outstanding, Diluted 382,243 380,327
Distributions declared per Common Share outstanding $ 8.50375 $ 0.5525