Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

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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
REVENUES        
Base rents $ 125,793 $ 134,882 $ 393,054 $ 403,943
Escalations and recoveries from tenants 19,172 17,173 61,736 54,117
Construction services   678   15,650
Real estate services 7,622 7,003 21,323 20,088
Parking income 2,255 1,642 6,605 4,631
Other income 647 1,127 2,667 3,335
Total revenues 155,489 162,505 485,385 501,764
EXPENSES        
Real estate taxes 22,154 20,572 69,880 62,055
Utilities 15,701 18,043 58,555 48,070
Operating services 26,519 25,852 83,581 76,487
Direct construction costs   609   14,945
Real estate services expenses 6,933 5,552 20,213 15,809
General and administrative 12,665 12,151 49,219 37,235
Depreciation and amortization 41,983 46,094 131,679 135,122
Impairments   48,700   48,700
Total expenses 125,955 177,573 413,127 438,423
Operating income (loss) 29,534 (15,068) 72,258 63,341
OTHER (EXPENSE) INCOME        
Interest expense (27,353) (30,936) (85,458) (92,075)
Interest and other investment income 908 187 2,216 1,287
Equity in earnings (loss) of unconsolidated joint ventures (1,268) (229) (2,060) (2,059)
Realized gains (losses) on disposition of rental property, net 264   54,848  
Total other (expense) income (27,449) (30,978) (30,454) (92,847)
Income (loss) from continuing operations 2,085 (46,046) 41,804 (29,506)
Discontinued operations:        
Income from discontinued operations   2,164   11,842
Loss from early extinguishment of debt       (703)
Realized gains (losses) on disposition of rental property, net   47,321   61,079
Total discontinued operations   49,485   72,218
Net income 2,085 3,439 41,804 42,712
Noncontrolling interest in consolidated joint ventures 145 1,838 757 1,962
Noncontrolling interest in Operating Partnership (248) 5,314 (4,754) 3,295
Noncontrolling interest in discontinued operations   (5,948)   (8,699)
Net income available to common shareholders $ 1,982 $ 4,643 $ 37,807 $ 39,270
Basic earnings per common share:        
Income (loss) from continuing operations $ 0.02 $ (0.44) $ 0.43 $ (0.28)
Discontinued operations   $ 0.49   $ 0.73
Net income available to common shareholders $ 0.02 $ 0.05 $ 0.43 $ 0.45
Diluted earnings per common share:        
Income (loss) from continuing operations $ 0.02 $ (0.44) $ 0.43 $ (0.28)
Discontinued operations   $ 0.49   $ 0.73
Net income available to common shareholders $ 0.02 $ 0.05 $ 0.43 $ 0.45
Basic weighted average shares outstanding 88,875 87,793 88,621 87,724
Diluted weighted average shares outstanding 100,052 99,787 100,014 99,778