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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Document Fiscal Year Focus     2014  
Other expense (income):        
Income Tax Expense (Benefit) $ 1,180 $ 0 $ 1,546 $ 0
Discontinued operations, net:        
Gain on sale of real estate, net of tax (27,558) (16,108) (29,598) (29,235)
Parent Company [Member]
       
Revenues:        
Minimum rent 98,620 88,784 290,935 261,935
Percentage rent 371 415 2,301 2,257
Recoveries from tenants and other income 28,787 25,425 90,144 79,615
Management, transaction, and other fees 5,781 5,694 18,353 19,195
Total revenues 133,559 120,318 401,733 363,002
Operating expenses:        
Depreciation and amortization 36,417 32,740 110,345 94,938
Operating and maintenance 18,149 16,778 58,152 51,400
General and administrative 14,463 15,001 43,883 47,942
Real estate taxes 14,832 13,351 44,529 40,332
Other operating expenses 2,062 907 5,665 4,005
Total operating expenses 85,923 78,777 262,574 238,617
Other expense (income):        
Interest expense, net of interest income of $221 and $350, and $901 and $1,101 for the three and nine months ended September 30, 2014 and 2013, respectively 27,561 26,750 82,141 82,363
Provision for impairment 0 6,000 225 6,000
Net investment (income) loss, including unrealized losses (gains) of $472 and ($875), and $289 and ($1,724) for the three and nine months ended September 30, 2014 and 2013, respectively (94) (963) (915) (1,998)
Total other expense 27,467 31,787 81,451 86,365
Income from continuing operations before equity in income of investments in real estate partnerships and income taxes 20,169 9,754 57,708 38,020
Equity in income of investments in real estate partnerships 5,713 13,262 22,353 25,150
Income from continuing operations 25,882 23,016 80,061 63,170
Discontinued operations, net:        
Operating income 0 1,540 0 6,863
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax 0 16,052 0 27,462
Income from discontinued operations 0 17,592 0 34,325
Gain on sale of real estate, net of tax (27,558) (56) (29,598) (1,773)
Net income 53,440 40,664 109,659 99,268
Noncontrolling interests:        
Exchangeable operating partnership units (90) (73) (185) (183)
Limited partners’ interests in consolidated partnerships (142) (327) (863) (872)
Income attributable to noncontrolling interests (232) (400) (1,048) (1,055)
Net income attributable to the Company 53,208 40,264 108,611 98,213
Preferred stock dividends (5,266) (5,266) (15,797) (15,797)
Net income attributable to common stockholders 47,942 34,998 92,814 82,416
Income per common share/unit - basic:        
Continuing operations (in dollars per share) $ 0.52 $ 0.19 $ 1.00 $ 0.52
Discontinued operations (in dollars per share) $ 0.00 $ 0.19 $ 0.00 $ 0.38
Net income attributable to common stockholders (in dollars per share) $ 0.52 $ 0.38 $ 1.00 $ 0.90
Income per common share/unit - diluted:        
Continuing operations (in dollars per share) $ 0.52 $ 0.19 $ 1.00 $ 0.52
Discontinued operations (in dollars per share) $ 0.00 $ 0.19 $ 0.00 $ 0.38
Net income attributable to common stockholders (in dollars per share) $ 0.52 $ 0.38 $ 1.00 $ 0.90
Partnership Interest [Member]
       
Revenues:        
Minimum rent 98,620 88,784 290,935 261,935
Percentage rent 371 415 2,301 2,257
Recoveries from tenants and other income 28,787 25,425 90,144 79,615
Management, transaction, and other fees 5,781 5,694 18,353 19,195
Total revenues 133,559 120,318 401,733 363,002
Operating expenses:        
Depreciation and amortization 36,417 32,740 110,345 94,938
Operating and maintenance 18,149 16,778 58,152 51,400
General and administrative 14,463 15,001 43,883 47,942
Real estate taxes 14,832 13,351 44,529 40,332
Other operating expenses 2,062 907 5,665 4,005
Total operating expenses 85,923 78,777 262,574 238,617
Other expense (income):        
Interest expense, net of interest income of $221 and $350, and $901 and $1,101 for the three and nine months ended September 30, 2014 and 2013, respectively 27,561 26,750 82,141 82,363
Provision for impairment 0 6,000 225 6,000
Net investment (income) loss, including unrealized losses (gains) of $472 and ($875), and $289 and ($1,724) for the three and nine months ended September 30, 2014 and 2013, respectively (94) (963) (915) (1,998)
Total other expense 27,467 31,787 81,451 86,365
Income from continuing operations before equity in income of investments in real estate partnerships and income taxes 20,169 9,754 57,708 38,020
Equity in income of investments in real estate partnerships 5,713 13,262 22,353 25,150
Income from continuing operations 25,882 23,016 80,061 63,170
Discontinued operations, net:        
Operating income 0 1,540 0 6,863
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax 0 16,052 0 27,462
Income from discontinued operations 0 17,592 0 34,325
Gain on sale of real estate, net of tax (27,558) (56) (29,598) (1,773)
Net income 53,440 40,664 109,659 99,268
Noncontrolling interests:        
Limited partners’ interests in consolidated partnerships (142) (327) (863) (872)
Income attributable to noncontrolling interests (142) (327) (863) (872)
Net income attributable to the Company 53,298 40,337 108,796 98,396
Preferred unit distributions (5,266) (5,266) (15,797) (15,797)
Net income attributable to common unit holders $ 48,032 $ 35,071 $ 92,999 $ 82,599
Income per common share/unit - basic:        
Continuing operations (in dollars per share) $ 0.52 $ 0.19 $ 1.00 $ 0.52
Discontinued operations (in dollars per share) $ 0.00 $ 0.19 $ 0.00 $ 0.38
Net income attributable to common unit holders (in dollars per share) $ 0.52 $ 0.38 $ 1.00 $ 0.90
Income per common share/unit - diluted:        
Continuing operations (in dollars per share) $ 0.52 $ 0.19 $ 1.00 $ 0.52
Discontinued operations (in dollars per share) $ 0.00 $ 0.19 $ 0.00 $ 0.38
Net income attributable to common unit holders (in dollars per share) $ 0.52 $ 0.38 $ 1.00 $ 0.90