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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, 2014
Mar. 31, 2013
Property revenues    
Rental revenues $ 178,964 $ 164,393
Other property revenues 26,965 25,418
Total property revenues 205,929 189,811
Property expenses    
Property operating and maintenance 50,747 48,263
Real estate taxes 23,577 21,183
Total property expenses 74,324 69,446
Non-property income    
Fee and asset management 3,023 2,894
Interest and other income 288 52
Income on deferred compensation plans 681 2,999
Total non-property income 3,992 5,945
Other expenses    
Property management 5,839 5,983
Fee and asset management 1,259 1,477
General and administrative 9,545 9,794
Interest 23,133 24,895
Depreciation and amortization 57,396 51,603
Amortization of deferred financing costs 841 916
Expense on deferred compensation plans 681 2,999
Total other expenses 98,694 97,667
Gain on sale of land 354 698
Equity in income of joint ventures 4,290 [1] 934 [1]
Income from continuing operations before income taxes 41,547 30,275
Income tax expense (474) (399)
Income from continuing operations 41,073 29,876
Income from discontinued operations 0 2,774
Gain on sale of discontinued operations, net of tax 0 31,783
Net income 41,073 64,433
Less income allocated to non-controlling interests from continuing operations (1,037) (864)
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations 0 (93)
Net income attributable to common shareholders 40,036 63,476
Earnings per share – basic    
Income from continuing operations attributable to common shareholders $ 0.45 $ 0.33
Income from discontinued operations, including gain on sale, attributable to common shareholders $ 0.00 $ 0.39
Net income attributable to common shareholders, as adjusted – per share $ 0.45 $ 0.72
Earnings per share – diluted    
Income from continuing operations attributable to common shareholders $ 0.45 $ 0.33
Income from discontinued operations, including gain on sale, attributable to common shareholders $ 0.00 $ 0.39
Net income attributable to common shareholders, as adjusted – per share $ 0.45 $ 0.72
Distributions declared per common share $ 0.66 $ 0.63
Weighted average number of common shares outstanding – basic 87,651 86,703
Weighted average number of common shares outstanding – diluted 88,824 87,276
Net income attributable to common shareholders    
Income from continuing operations 41,073 29,876
Less income allocated to non-controlling interests from continuing operations (1,037) (864)
Income from continuing operations attributable to common shareholders 40,036 29,012
Income from discontinued operations, including gain on sale 0 34,557
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations 0 (93)
Income from discontinued operations, including gain on sale, attributable to common shareholders 0 34,464
Net income attributable to common shareholders 40,036 63,476
Condensed Consolidated Statements of Comprehensive Income:    
Net income 41,073 64,433
Other comprehensive income    
Reclassification of prior service cost and net loss on post retirement obligations 15 14
Comprehensive income 41,088 64,447
Less income allocated to non-controlling interests from continuing operations (1,037) (864)
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations 0 (93)
Comprehensive income attributable to common shareholders $ 40,051 $ 63,490
[1] Equity in income excludes our ownership interest of fee income from various property management services provided by us to the funds.