Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
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| REVENUES | ||||
| Base rents | $ 119,707 | $ 125,793 | $ 364,746 | $ 393,054 |
| Escalations and recoveries from tenants | 15,050 | 19,172 | 49,291 | 61,736 |
| Real estate services | 7,510 | 7,622 | 22,555 | 21,323 |
| Parking income | 2,749 | 2,255 | 8,141 | 6,605 |
| Other income | 1,142 | 647 | 3,707 | 2,667 |
| Total revenues | 146,158 | 155,489 | 448,440 | 485,385 |
| EXPENSES | ||||
| Real estate taxes | 19,143 | 22,154 | 63,005 | 69,880 |
| Utilities | 13,172 | 15,701 | 44,146 | 58,555 |
| Operating services | 24,535 | 26,519 | 78,607 | 83,581 |
| Real estate services expenses | 6,673 | 6,933 | 19,520 | 20,213 |
| General and administrative | 13,670 | 12,665 | 36,669 | 49,219 |
| Depreciation and amortization | 44,099 | 41,983 | 127,266 | 131,679 |
| Impairments | 164,176 | 164,176 | ||
| Total expenses | 285,468 | 125,955 | 533,389 | 413,127 |
| Operating income (loss) | (139,310) | 29,534 | (84,949) | 72,258 |
| OTHER (EXPENSE) INCOME | ||||
| Interest expense | (24,689) | (27,353) | (78,677) | (85,458) |
| Interest and other investment income | 5 | 908 | 563 | 2,216 |
| Equity in earnings (loss) of unconsolidated joint ventures | 3,135 | (1,268) | (2,723) | (2,060) |
| Realized gains (losses) on disposition of rental property, net | 18,718 | 264 | 53,261 | 54,848 |
| Gain on sale of investment in unconsolidated joint ventures | 6,448 | |||
| Total other (expense) income | (2,831) | (27,449) | (21,128) | (30,454) |
| Net income (loss) | (142,141) | 2,085 | (106,077) | 41,804 |
| Noncontrolling interest in consolidated joint ventures | 281 | (145) | (582) | (757) |
| Noncontrolling interest in Operating Partnership | 15,530 | (248) | 11,461 | (4,754) |
| Net income (loss) available to common shareholders | $ (126,892) | $ 1,982 | $ (94,034) | $ 37,807 |
| Basic earnings per common share: | ||||
| Net income available to common shareholders | $ (1.42) | $ 0.02 | $ (1.05) | $ 0.43 |
| Diluted earnings per common share: | ||||
| Net income (loss) available to common shareholders | $ (1.42) | $ 0.02 | $ (1.05) | $ 0.43 |
| Basic weighted average shares outstanding | 89,249 | 88,875 | 89,229 | 88,621 |
| Diluted weighted average shares outstanding | 100,172 | 100,052 | 100,236 | 100,014 |
| X | ||||||||||
- Definition The aggregate costs including administrative paperwork, real estate brokerage, title, and property management operations. No definition available.
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| X | ||||||||||
- Definition Nonoperating Income Expense Including Equity Method Investments No definition available.
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| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The net realized gain (loss) on investments sold during the period, not including gains (losses) on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity, which, for cash flow reporting, is a component of proceeds from investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate amount of income from investments (for example, dividends) not considered a component of the entity's core operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) attributable to nonredeemable noncontrolling shareholder, unit holder, partner, or other equity holder of a joint venture. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) attributable to nonredeemable noncontrolling partner in an operating partnership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Other real estate revenue not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Revenue from fees, whether long-term or daily, charged for parking facilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate revenue from real estate operations during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition A tax based on the assessed value of real estate by the local government. The tax is usually based on the value of property (including the land). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition In accordance with the provisions of their lease agreement, this element represents allowable charges due a landlord from its tenant. In retail store and office building leases, for example, tenant reimbursements may cover items such as taxes, utilities, and common area expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Utilities costs incurred during the reporting period for services, such as water, sewer, gas, electricity and telephone required to operate a building. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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