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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
REVENUES   
Rental income$ 1,772,457$ 1,638,376$ 1,634,655
Fee and asset management9,47610,34610,715
Total revenues1,781,9331,648,7221,645,370
EXPENSES   
Property and maintenance404,083371,820365,389
Real estate taxes and insurance212,389191,260179,545
Property management80,08771,30076,824
Fee and asset management4,9987,3457,840
Depreciation615,784521,403498,333
General and administrative39,88138,98544,945
Impairment45,38011,124116,418
Total expenses1,402,6021,213,2371,289,294
Operating income379,331435,485356,076
Interest and other income5,31216,57833,246
Other expenses(11,928)(6,478)(5,760)
Interest:   
Expense incurred, net(468,448)(493,509)(477,131)
Amortization of deferred financing costs(10,125)(12,332)(9,582)
(Loss) 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(105,858)(60,256)(103,151)
Income and other tax (expense) benefit(292)(2,716)(5,235)
(Loss) from investments in unconsolidated entities(735)(2,815)(107)
Net gain on sales of unconsolidated entities28,10110,6892,876
Net (loss) gain on sales of land parcels(1,395) 2,976
(Loss) from continuing operations(80,179)(55,098)(102,641)
Discontinued operations, net376,162437,127539,054
Net income295,983382,029436,413
Net (income) loss attributable to Noncontrolling Interests:   
Operating Partnership(13,099)(20,305)(26,126)
Preference Interests and Units (9)(15)
Partially Owned Properties726558(2,650)
Net income attributable to controlling interests283,610362,273407,622
Preferred distributions(14,368)(14,479)(14,507)
Net income available to Common Shares$ 269,242$ 347,794$ 393,115
Earnings per share - basic:   
(Loss) from continuing operations available to Common Shares$ (0.32)$ (0.24)$ (0.42)
Net income available to Common Shares$ 0.95$ 1.27$ 1.46
Weighted average Common Shares outstanding282,888273,609270,012
Earnings per share - diluted:   
(Loss) from continuing operations available to Common Shares$ (0.32)$ (0.24)$ (0.42)
Net income available to Common Shares$ 0.95$ 1.27$ 1.46
Weighted average Common Shares outstanding282,888273,609270,012