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, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Base rents $ 134,882 $ 132,388 $ 403,943 $ 401,920
Escalations and recoveries from tenants 17,173 19,717 54,117 56,540
Construction services 678 1,169 15,650 9,235
Real estate services 7,003 1,247 20,088 3,519
Parking income 1,642 1,427 4,631 4,553
Other income 1,127 849 3,335 10,524
Total revenues 162,505 156,797 501,764 486,291
EXPENSES        
Real estate taxes 20,572 20,472 62,055 64,587
Utilities 18,043 16,647 48,070 44,645
Operating services 25,852 24,261 76,487 71,859
Direct construction costs 609 979 14,945 8,594
Real estate services expenses 5,552 536 15,809 1,542
General and administrative 12,151 12,580 37,235 35,150
Depreciation and amortization 46,094 43,492 135,122 130,720
Impairments 48,700   48,700  
Total expenses 177,573 118,967 438,423 357,097
Operating income (15,068) 37,830 63,341 129,194
OTHER (EXPENSE) INCOME        
Interest expense (30,936) (30,428) (92,075) (92,539)
Interest and other investment income 187 7 1,287 27
Equity in earnings (loss) of unconsolidated joint ventures (229) 2,418 (2,059) 4,751
Loss from early extinguishment of debt       (4,415)
Total other (expense) income (30,978) (28,003) (92,847) (92,176)
Income (loss) from continuing operations (46,046) 9,827 (29,506) 37,018
Discontinued operations:        
Income from discontinued operations 2,164 6,337 11,842 17,446
Loss from early extinguishment of debt     (703)  
Realized gains (losses) and unrealized losses on disposition of rental property and impairments, net 47,321 12 61,079 2,390
Total discontinued operations, net 49,485 6,349 72,218 19,836
Net income 3,439 16,176 42,712 56,854
Noncontrolling interest in consolidated joint ventures 1,838 85 1,962 256
Noncontrolling interest in Operating Partnership 5,314 (1,207) 3,295 (4,543)
Noncontrolling interest in discontinued operations (5,948) (773) (8,699) (2,418)
Net income available to common shareholders $ 4,643 $ 14,281 $ 39,270 $ 50,149
Basic earnings per common share:        
Income (loss) from continuing operations $ (0.44) $ 0.10 $ (0.28) $ 0.37
Discontinued operations $ 0.49 $ 0.06 $ 0.73 $ 0.20
Net income available to common shareholders $ 0.05 $ 0.16 $ 0.45 $ 0.57
Diluted earnings per common share:        
Income (loss) from continuing operations $ (0.44) $ 0.10 $ (0.28) $ 0.37
Discontinued operations $ 0.49 $ 0.06 $ 0.73 $ 0.20
Net income available to common shareholders $ 0.05 $ 0.16 $ 0.45 $ 0.57
Basic weighted average shares outstanding 87,793 87,826 87,724 87,814
Diluted weighted average shares outstanding 99,787 100,075 99,778 100,071