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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Rental and other income $ 242,527 $ 218,658 $ 476,014 $ 432,257
Management, development and other fees 2,332 1,684 4,652 3,533
Total revenue 244,859 220,342 480,666 435,790
Expenses:        
Operating expenses, excluding property taxes 68,600 65,804 136,657 130,724
Property taxes 24,152 23,083 48,940 46,171
Interest expense, net 45,855 41,458 90,126 83,999
Depreciation expense 62,894 57,317 124,154 113,250
General and administrative expense 8,145 4,041 15,437 12,936
Total expenses 209,646 191,703 415,314 387,080
Equity in income of unconsolidated entities 395 463 898 689
Income from continuing operations 35,608 29,102 66,250 49,399
Discontinued operations:        
Income (loss) from discontinued operations (91) 35 (197) 1,813
Gain on sale of real estate assets 7,675 21,929 7,675 72,220
Total discontinued operations 7,584 21,964 7,478 74,033
Net income 43,192 51,066 73,728 123,432
Net (income) loss attributable to noncontrolling interests 181 59 (15) 216
Net income attributable to common stockholders 43,373 51,125 73,713 123,648
Other comprehensive income:        
Unrealized loss on cash flow hedges (19,336) (677) (19,420) (135)
Comprehensive income $ 24,037 $ 50,448 $ 54,293 $ 123,513
Earnings per common share - basic:        
Income from continuing operations attributable to common stockholders $ 0.41 $ 0.35 $ 0.76 $ 0.60
Discontinued operations attributable to common stockholders $ 0.09 $ 0.26 $ 0.09 $ 0.89
Net income attributable to common stockholders $ 0.50 $ 0.61 $ 0.85 $ 1.49
Earnings per common share - diluted:        
Income from continuing operations attributable to common stockholders $ 0.40 $ 0.35 $ 0.75 $ 0.60
Discontinued operations attributable to common stockholders $ 0.09 $ 0.26 $ 0.09 $ 0.89
Net income attributable to common stockholders $ 0.49 $ 0.61 $ 0.84 $ 1.49
Dividends per common share: $ 0.8925 $ 0.8925 $ 1.7850 $ 1.7850