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Condensed Consolidated Statements Of Income And Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Property revenues    
Rental revenues $ 153,719 $ 135,835
Other property revenues 24,932 21,767
Total property revenues 178,651 157,602
Property expenses    
Property operating and maintenance 49,219 44,806
Real estate taxes 18,371 17,344
Total property expenses 67,590 62,150
Non-property income    
Fee and asset management 2,923 1,838
Interest and other income (loss) (688) 4,771
Income on deferred compensation plans 7,786 5,954
Total non-property income 10,021 12,563
Other expenses    
Property management 5,284 5,319
Fee and asset management 1,743 1,220
General and administrative 8,679 9,788
Interest 26,683 29,737
Depreciation and amortization 50,118 45,851
Amortization of deferred financing costs 912 1,527
Expense on deferred compensation plans 7,786 5,954
Total other expenses 101,205 99,396
Gain on sale of unconsolidated joint venture interests 0 1,136
Gain on acquisition of controlling interest in joint ventures 40,191 0
Equity in income of joint ventures 366 [1] 374 [1]
Income from continuing operations before income taxes 60,434 10,129
Income tax expense - current (224) (1,320)
Income from continuing operations 60,210 8,809
Income from discontinued operations 353 792
Gain on sale of discontinued operations, net of tax 32,541 0
Net income 93,104 9,601
Less income allocated to noncontrolling interests from continuing operations (825) (556)
Less income, including gain on sale, allocated to noncontrolling interests from discontinued operations (670) (9)
Less income allocated to perpetual preferred units (776) (1,750)
Less write off of original issuance costs of redeemed perpetual preferred units (2,075) 0
Net income attributable to common shareholders 88,758 7,286
Earnings per share - basic    
Income from continuing operations attributable to common shareholders $ 0.70 $ 0.09
Income from discontinued operations, including gain on sale, attributable to common shareholders $ 0.40 $ 0.01
Net income attributable to common shareholders, as adjusted - per share $ 1.10 $ 0.10
Earnings per share - diluted    
Income from continuing operations attributable to common shareholders $ 0.68 $ 0.09
Income from discontinued operations, including gain on sale, attributable to common shareholders $ 0.39 $ 0.01
Net income attributable to common shareholders, as adjusted - per share $ 1.07 $ 0.10
Distributions declared per common share $ 0.56 $ 0.49
Weighted average number of common shares outstanding - basic 79,885 71,906
Weighted average number of common shares outstanding - diluted 82,855 72,783
Net income attributable to common shareholders    
Income from continuing operations 60,210 8,809
Less income allocated to noncontrolling interests from continuing operations (825) (556)
Less income allocated to perpetual preferred units (776) (1,750)
Less write off of original issuance costs of redeemed perpetual preferred units (2,075) 0
Income from continuing operations attributable to common shareholders 56,534 6,503
Income from discontinued operations, including gain on sale 32,894 792
Less income, including gain on sale, allocated to noncontrolling interests from discontinued operations (670) (9)
Income from discontinued operations, including gain on sale, attributable to common shareholders 32,224 783
Net income attributable to common shareholders 88,758 7,286
Condensed Consolidated Statements of Comprehensive Income:    
Net income 93,104 9,601
Other comprehensive income    
Unrealized loss on cash flow hedging activities 0 (503)
Reclassification of net losses on cash flow hedging activities 0 5,766
Reclassification of gain on available-for-sale investment to earnings, net of tax 0 (3,309)
Reclassification of prior service cost on post retirement obligations 8 0
Comprehensive Income 93,112 11,555
Less income allocated to noncontrolling interests from continuing operations (825) (556)
Less income, including gain on sale, allocated to noncontrolling interests from discontinued operations (670) (9)
Less income allocated to perpetual preferred units (776) (1,750)
Less write off of original issuance costs of redeemed perpetual preferred units (2,075) 0
Comprehensive income attributable to common shareholders $ 88,766 $ 9,240
[1] Equity in income excludes our ownership interest of fee income from various property management services provided by us to our joint ventures.