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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rental and other property $ 150,170 $ 129,765 $ 296,565 $ 255,238
Management and other fees 3,234 2,796 6,182 5,240
Total revenues 153,404 132,561 302,747 260,478
Expenses:        
Property operating, excluding real estate taxes 34,489 30,718 67,097 59,470
Real estate taxes 14,248 11,699 28,404 23,112
Depreciation 48,031 41,801 95,175 82,535
General and administrative 6,224 5,764 12,850 11,164
Cost of management and other fees 1,733 1,611 3,434 3,251
Total expenses 104,725 91,593 206,960 179,532
Earnings from operations 48,679 40,968 95,787 80,946
Interest expense before amortization (26,325) (24,659) (51,536) (49,316)
Amortization expense (3,002) (2,882) (5,932) (5,754)
Interest and other income 1,917 5,455 6,939 7,868
Equity income in co-investments 7,282 3,111 11,493 5,451
Gain (loss) on early retirement of debt 1,024 (1,450) 1,024 (1,450)
Gain on sale of land 0 0 1,503 0
Equity Method Investment, Realized Gain (Loss) on Remeasurement 0 21,947 0 21,947
Income from continuing operations 29,575 42,490 59,278 59,692
Income from discontinued operations 0 0 0 10,037
Net income 29,575 42,490 59,278 69,729
Net income attributable to noncontrolling interest (3,261) (4,044) (6,393) (7,193)
Net income attributable to controlling interest 26,314 38,446 52,885 62,536
Dividends to preferred stockholders (1,368) (1,368) (2,736) (2,736)
Net income available to common stockholders 24,946 37,078 50,149 59,800
Comprehensive income 35,355 39,983 66,094 69,575
Comprehensive income attributable to noncontrolling interest (3,574) (3,887) (6,761) (7,183)
Comprehensive income attributable to controlling interest $ 31,781 $ 36,096 $ 59,333 $ 62,392
Basic:        
Income from continuing operations (in dollars per share) $ 0.67 $ 1.07 $ 1.35 $ 1.47
Income from discontinued operations (in dollars per share) $ 0 $ 0 $ 0 $ 0.27
Net income available to common stockholders (in dollars per share) $ 0.67 $ 1.07 $ 1.35 $ 1.74
Weighted average number of common shares outstanding during the period (in shares) 37,292,720 34,570,772 37,149,120 34,299,331
Diluted:        
Income from continuing operations (in dollars per share) $ 0.67 $ 1.07 $ 1.35 $ 1.47
Income from discontinued operations (in dollars per share) $ 0 $ 0 $ 0 $ 0.27
Net income available to common stockholders (in dollars per share) $ 0.67 $ 1.07 $ 1.35 $ 1.74
Weighted average number of common shares outstanding during the period (in shares) 37,390,987 34,708,240 37,241,968 34,430,571
Dividends per common share (in dollars per share) $ 1.21 $ 1.10 $ 2.42 $ 2.2