Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements Of Operations

v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Base rents $ 144,034 $ 143,031 $ 286,273 $ 286,337
Escalations and recoveries from tenants 18,314 19,970 38,971 39,246
Construction services 6,746 4,604 14,972 8,066
Real estate services 6,642 1,100 13,085 2,271
Parking income 1,603 1,530 3,002 3,141
Other income 599 1,810 2,356 9,692
Total revenues 177,938 172,045 358,659 348,753
EXPENSES        
Real estate taxes 21,001 24,228 43,842 46,467
Utilities 14,425 14,103 31,610 29,738
Operating services 27,096 26,223 54,168 51,204
Direct construction costs 6,511 4,337 14,336 7,615
Real estate services expenses 5,304 501 10,257 1,006
General and administrative 13,157 11,873 25,162 22,643
Depreciation and amortization 48,422 46,326 94,482 92,526
Impairments 23,851   23,851  
Total expenses 159,767 127,591 297,708 251,199
Operating income 18,171 44,454 60,951 97,554
OTHER (EXPENSE) INCOME        
Interest expense (31,271) (31,565) (61,140) (62,112)
Interest and other investment income 1,094 7 1,100 20
Equity in earnings (loss) of unconsolidated joint ventures (80) 1,733 (1,830) 2,333
Loss from early extinguishment of debt   (4,415)   (4,415)
Total other (expense) income (30,257) (34,240) (61,870) (64,174)
Income (loss) from continuing operations (12,086) 10,214 (919) 33,380
Discontinued operations:        
Income from discontinued operations 1,364 2,831 3,286 4,920
Loss from early extinguishment of debt (703)   (703)  
Realized gains (losses) and unrealized losses on disposition of rental property, net 37,609 (1,634) 37,609 2,378
Total discontinued operations, net 38,270 1,197 40,192 7,298
Net income 26,184 11,411 39,273 40,678
Noncontrolling interest in consolidated joint ventures 62 92 124 171
Noncontrolling interest in Operating Partnership 1,455 (1,256) 93 (4,090)
Noncontrolling interest in discontinued operations (4,630) (146) (4,863) (891)
Net income available to common shareholders $ 23,071 $ 10,101 $ 34,627 $ 35,868
Basic earnings per common share:        
Income (loss) from continuing operations $ (0.12) $ 0.10 $ (0.01) $ 0.34
Discontinued operations $ 0.38 $ 0.01 $ 0.40 $ 0.07
Net income available to common shareholders $ 0.26 $ 0.11 $ 0.39 $ 0.41
Diluted earnings per common share:        
Income (loss) from continuing operations $ (0.12) $ 0.10 $ (0.01) $ 0.34
Discontinued operations $ 0.38 $ 0.01 $ 0.40 $ 0.07
Net income available to common shareholders $ 0.26 $ 0.11 $ 0.39 $ 0.41
Basic weighted average shares outstanding 87,708 87,817 87,688 87,808
Diluted weighted average shares outstanding 99,780 100,069 99,773 100,065