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Condensed Consolidated Statements Of Income And Comprehensive Income (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Property revenues    
Rental revenues$ 144,211$ 131,911$ 424,210$ 390,376
Other property revenues24,72322,36370,97764,641
Total property revenues168,934154,274495,187455,017
Property expenses    
Property operating and maintenance50,71546,999144,666134,655
Real estate taxes17,32916,65252,93252,767
Total property expenses68,04463,651197,598187,422
Non-property income (loss)    
Fee and asset management2,6462,1456,9556,028
Interest and other income (loss)(108)4514,7493,988
Income (loss) on deferred compensation plans(6,096)6,9181,2336,818
Total non-property income (loss)(3,558)9,51412,93716,834
Other expenses    
Property management5,0504,78915,47814,994
Fee and asset management1,3301,1554,2203,611
General and administrative8,5727,56826,39222,339
Interest27,35431,78185,47295,078
Depreciation and amortization44,55843,034137,111128,012
Amortization of deferred financing costs1,3441,1854,7612,624
Expense (benefit) on deferred compensation plans(6,096)6,9181,2336,818
Total other expenses82,11296,430274,667273,476
Loss on discontinuation of hedging relationship  (29,791) 
Gain on sale of properties, including land  4,748236
Gain on sale of unconsolidated joint venture interests  1,136 
Equity in loss of joint ventures(556)[1](244)[1](166)[1](785)[1]
Income from continuing operations before income taxes14,6643,46311,78610,404
Income tax expense - current(313)(712)(1,889)(1,286)
Income from continuing operations14,3512,7519,8979,118
Income from discontinued operations 1,081 2,743
Net income14,3513,8329,89711,861
Less income allocated to noncontrolling interests from continuing operations(761)(432)(2,118)(542)
Less income allocated to perpetual preferred units(1,750)(1,750)(5,250)(5,250)
Net income attributable to common shareholders11,8401,6502,5296,069
Earnings per share - basic    
Income from continuing operations attributable to common shareholders$ 0.16$ 0.01$ 0.03$ 0.05
Income from discontinued operations attributable to common shareholders $ 0.01 $ 0.04
Net income attributable to common shareholders$ 0.16$ 0.02$ 0.03$ 0.09
Earnings per share - diluted    
Income from continuing operations attributable to common shareholders$ 0.16$ 0.01$ 0.03$ 0.05
Income from discontinued operations attributable to common shareholders $ 0.01 $ 0.04
Net income attributable to common shareholders$ 0.16$ 0.02$ 0.03$ 0.09
Distributions declared per common share$ 0.49$ 0.45$ 1.47$ 1.35
Weighted average number of common shares outstanding - basic73,24269,10072,50267,898
Weighted average number of common shares outstanding - diluted74,27469,44173,21768,169
Net income attributable to common shareholders    
Income from continuing operations14,3512,7519,8979,118
Less income allocated to noncontrolling interests from continuing operations(761)(432)(2,118)(542)
Less income allocated to perpetual preferred units(1,750)(1,750)(5,250)(5,250)
Income from continuing operations attributable to common shareholders11,8405692,5293,326
Income from discontinued operations attributable to common shareholders 1,081 2,743
Net income attributable to common shareholders11,8401,6502,5296,069
Condensed Consolidated Statements of Comprehensive Income:    
Net income14,3513,8329,89711,861
Other comprehensive income    
Unrealized loss on cash flow hedging activities (5,323)(2,692)(19,549)
Reclassification of net losses on cash flow hedging activities1085,82539,66017,488
Unrealized gain on available-for-sale securities, net of tax 1,914 1,914
Reclassification of gain on available-for-sale investment to earnings, net of tax  (3,309) 
Comprehensive income14,4596,24843,55611,714
Less income allocated to noncontrolling interests from continuing operations(761)(432)(2,118)(542)
Less income allocated to perpetual preferred units(1,750)(1,750)(5,250)(5,250)
Comprehensive income attributable to common shareholders$ 11,948$ 4,066$ 36,188$ 5,922
[1]Equity in income (loss) excludes our ownership interest of fee income from various property management services with our joint ventures.