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, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES        
Base rents $ 146,424 $ 148,268 $ 443,709 $ 443,971
Escalations and recoveries from tenants 21,925 21,323 62,862 72,251
Construction services 1,169 2,359 9,235 8,984
Real estate services 1,285 1,353 3,606 3,737
Other income 2,409 2,134 15,242 9,875
Total revenues 173,212 175,437 534,654 538,818
EXPENSES        
Real estate taxes 22,258 14,261 70,061 63,189
Utilities 17,859 19,845 48,405 56,244
Operating services 27,643 27,604 82,092 86,217
Direct construction costs 979 2,290 8,594 8,656
General and administrative 12,638 8,675 35,343 26,507
Depreciation and amortization 47,829 48,082 143,642 143,635
Total expenses 129,206 120,757 388,137 384,448
Operating income 44,006 54,680 146,517 154,370
OTHER (EXPENSE) INCOME        
Interest expense (30,510) (31,041) (92,784) (92,849)
Interest and other investment income 7 9 27 29
Equity in earnings (loss) of unconsolidated joint ventures 2,418 539 4,751 1,174
Loss from early extinguishment of debt     (4,415)  
Total other (expense) income (28,085) (30,493) (92,421) (91,646)
Income from continuing operations 15,921 24,187 54,096 62,724
Discontinued operations:        
Income (loss) from discontinued operations 243 (104) 368 225
Realized gains (losses) and unrealized losses on disposition of rental property, net 12   2,390  
Total discontinued operations, net 255 (104) 2,758 225
Net income 16,176 24,083 56,854 62,949
Noncontrolling interest in consolidated joint ventures 85 96 256 308
Noncontrolling interest in Operating Partnership (1,949) (3,028) (6,624) (8,001)
Noncontrolling interest in discontinued operations (31) 13 (337) (30)
Preferred stock dividends   (664)   (1,664)
Net income available to common shareholders $ 14,281 $ 20,500 $ 50,149 $ 53,562
Basic earnings per common share:        
Income from continuing operations $ 0.16 $ 0.24 $ 0.54 $ 0.63
Discontinued operations     $ 0.03  
Net income available to common shareholders $ 0.16 $ 0.24 $ 0.57 $ 0.63
Diluted earnings per common share:        
Income from continuing operations $ 0.16 $ 0.24 $ 0.54 $ 0.62
Discontinued operations     $ 0.03  
Net income available to common shareholders $ 0.16 $ 0.24 $ 0.57 $ 0.62
Basic weighted average shares outstanding 87,826 87,019 87,814 85,649
Diluted weighted average shares outstanding 100,075 99,917 100,071 98,631