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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Rental income $ 496,111 $ 444,333 $ 974,096 $ 871,091
Fee and asset management 1,948 3,046 3,754 5,468
Total revenues 498,059 447,379 977,850 876,559
EXPENSES        
Property and maintenance 103,092 100,045 211,418 202,801
Real estate taxes and insurance 56,701 52,350 110,332 105,496
Property management 20,767 20,264 43,148 40,756
Fee and asset management 1,009 1,605 1,957 3,563
Depreciation 159,087 162,697 321,181 302,964
General and administrative 10,908 10,089 22,341 20,808
Total expenses 351,564 347,050 710,377 676,388
Operating income 146,495 100,329 267,473 200,171
Interest and other income 281 2,625 1,292 4,845
Other expenses (4,626) (1,643) (6,790) (6,026)
Interest:        
Expense incurred, net (120,525) (113,723) (241,856) (227,489)
Amortization of deferred financing costs (4,444) (2,300) (7,454) (5,295)
Income (loss) before income and other taxes, (loss) from investments in unconsolidated entities, net gain on sales of unconsolidated entities and land parcels and discontinued operations 17,181 (14,712) 12,665 (33,794)
Income and other tax (expense) benefit (203) 147 (387) 7
(Loss) from investments in unconsolidated entities   (459)   (923)
Net gain on sales of unconsolidated entities   5,079   5,557
Net gain on sales of land parcels 4,217   4,217  
Income (loss) from continuing operations 21,195 (9,945) 16,495 (29,153)
Discontinued operations, net 560,558 20,034 698,324 97,098
Net income 581,753 10,089 714,819 67,945
Net (income) loss attributable to Noncontrolling Interests:        
Operating Partnership (25,758) (313) (31,533) (2,936)
Partially Owned Properties (71) 185 (31) 435
Net income attributable to controlling interests 555,924 9,961 683,255 65,444
Preferred distributions (3,467) (3,618) (6,933) (7,238)
Net income available to Common Shares $ 552,457 $ 6,343 $ 676,322 $ 58,206
Earnings per share - basic:        
Income (loss) from continuing operations available to Common Shares $ 0.06 $ (0.05) $ 0.03 $ (0.12)
Net income available to Common Shares $ 1.875 $ 0.022 $ 2.302 $ 0.207
Weighted average Common Shares outstanding 294,663 282,217 293,784 281,435
Earnings per share - diluted:        
Income (loss) from continuing operations available to Common Shares $ 0.057 $ (0.045) $ 0.031 $ (0.121)
Net income available to Common Shares $ 1.852 $ 0.022 $ 2.273 $ 0.207
Weighted average Common Shares outstanding 312,199 282,217 311,380 281,435
Distributions declared per Common Share outstanding $ 0.3375 $ 0.3375 $ 0.6750 $ 0.6750