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 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES        
Base rents $ 148,618 $ 147,992 $ 297,285 $ 295,703
Escalations and recoveries from tenants 20,787 23,748 40,937 50,928
Construction services 4,603 2,826 8,066 6,625
Real estate services 1,113 1,152 2,321 2,384
Other income 3,341 3,450 12,833 7,741
Total revenues 178,462 179,168 361,442 363,381
EXPENSES        
Real estate taxes 24,900 24,133 47,803 48,928
Utilities 14,444 16,657 30,546 36,399
Operating services 27,845 28,267 54,449 58,613
Direct construction costs 4,337 2,784 7,615 6,366
General and administrative 11,898 9,209 22,705 17,832
Depreciation and amortization 47,991 47,846 95,813 95,553
Total expenses 131,415 128,896 258,931 263,691
Operating income 47,047 50,272 102,511 99,690
OTHER (EXPENSE) INCOME        
Interest expense (31,645) (30,916) (62,274) (61,808)
Interest and other investment income 7 10 20 20
Equity in earnings (loss) of unconsolidated joint ventures 1,733 736 2,333 635
Loss from early extinguishment of debt (4,415)   (4,415)  
Total other (expense) income (34,320) (30,170) (64,336) (61,153)
Income from continuing operations 12,727 20,102 38,175 38,537
Discontinued operations:        
Income (loss) from discontinued operations 318 189 125 329
Realized gains (losses) and unrealized losses on disposition of rental property, net (1,634)   2,378  
Total discontinued operations, net (1,316) 189 2,503 329
Net income 11,411 20,291 40,678 38,866
Noncontrolling interest in consolidated joint ventures 92 102 171 212
Noncontrolling interest in Operating Partnership (1,562) (2,536) (4,675) (4,973)
Noncontrolling interest in discontinued operations 160 (24) (306) (43)
Preferred stock dividends   (500)   (1,000)
Net income available to common shareholders $ 10,101 $ 17,333 $ 35,868 $ 33,062
Basic earnings per common share:        
Income from continuing operations $ 0.12 $ 0.20 $ 0.38 $ 0.39
Discontinued operations $ (0.01)   $ 0.03  
Net income available to common shareholders $ 0.11 $ 0.20 $ 0.41 $ 0.39
Diluted earnings per common share:        
Income from continuing operations $ 0.12 $ 0.20 $ 0.38 $ 0.39
Discontinued operations $ (0.01)   $ 0.03  
Net income available to common shareholders $ 0.11 $ 0.20 $ 0.41 $ 0.39
Basic weighted average shares outstanding 87,817 86,936 87,808 84,953
Diluted weighted average shares outstanding 100,069 99,887 100,065 97,963