Annual report pursuant to Section 13 and 15(d)

Condensed Quarterly Financial Information (Details)

v2.4.0.6
Condensed Quarterly Financial Information (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Condensed Quarterly Financial Information [Abstract]                      
Total revenues $ 177,030 $ 170,863 $ 176,169 $ 180,681 $ 175,512 $ 173,181 $ 177,254 $ 183,159 $ 704,743 $ 709,106 $ 773,743
Operating and other expenses 68,516 67,278 66,687 65,009 68,449 60,924 68,574 74,279      
Direct construction costs 4,052 980 4,337 3,278 2,802 2,290 2,784 3,582 12,647 11,458 60,255
General and administrative 12,549 12,629 11,891 10,799 8,947 8,675 9,201 8,621 47,868 35,444 34,876
Depreciation and amortization 47,349 47,169 47,320 47,170 47,603 47,589 47,438 47,420 189,008 190,050 187,592
Impairments 18,245 [1]               18,245    
Total expenses 150,711 128,056 130,235 126,256 127,801 119,478 127,997 133,902 535,258 509,178 558,319
Operating Income 26,319 42,807 45,934 54,425 47,711 53,703 49,257 49,257 169,485 199,928 215,424
Interest expense (29,584) (30,510) (31,645) (30,629) (31,337) (31,042) (30,916) (30,892) (122,368) (124,187) (148,363)
Interest and other investment income 8 7 7 13 9 10 10 10 35 39 86
Equity in earnings (loss) of unconsolidated joint ventures (662) 2,418 1,733 600 848 539 736 (101) 4,089 [2] 2,022 [2] 2,276 [2]
Loss from early extinguishment of debt (545)   (4,415)           (4,960)   (3,752)
Total other (expense) income (30,783) (28,085) (34,320) (30,016) (30,480) (30,493) (30,170) (30,983) (123,204) (122,126) (149,753)
Income (loss) from continuing operations (4,464) 14,722 11,614 24,409 17,231 23,210 19,087 18,274 46,281 77,802 65,671
Discontinued operations:                      
Income (loss) from discontinued operations 1,044 1,442 1,431 846 1,207 873 1,204 301 4,763 3,585 2,842
Realized gains (losses) and unrealized losses on disposition of rental property, net (7,165) [1] 12 [1] (1,634) [1] 4,012 [1]         (4,775)   (5,074)
Total discontinued operations, net (6,121) 1,454 (203) 4,858 1,207 873 1,204 301 (12) 3,585 (2,232)
Net income (loss) (10,585) 16,176 11,411 29,267 18,438 24,083 20,291 18,575 46,269 81,387 63,439
Noncontrolling interest in consolidated joint ventures 74 85 92 79 94 96 102 110 330 402 262
Noncontrolling interest in Operating Partnership 536 (1,803) (1,426) (2,986) (2,185) (2,903) (2,405) (2,415) (5,679) (9,908) (9,102)
Noncontrolling interest in discontinued operations 748 (177) 24 (593) (153) (112) (155) (41) 2 (461) 301
Preferred stock dividends         (72) (664) (500) (500)   (1,736) (2,000)
Net income (loss) available to common shareholders $ (9,227) $ 14,281 $ 10,101 $ 25,767 $ 16,122 $ 20,500 $ 17,333 $ 15,729 $ 40,922 $ 69,684 $ 52,900
Basic earnings per common share:                      
Income (loss) from continuing operations $ (0.05) $ 0.15 $ 0.11 $ 0.24 $ 0.17 $ 0.23 $ 0.19 $ 0.19 $ 0.47 $ 0.77 $ 0.69
Discontinued operations $ (0.06) $ 0.01   $ 0.05 $ 0.01 $ 0.01 $ 0.01     $ 0.04 $ (0.02)
Net income (loss) available to common shareholders $ (0.11) $ 0.16 $ 0.11 $ 0.29 $ 0.18 $ 0.24 $ 0.20 $ 0.19 $ 0.47 $ 0.81 $ 0.67
Diluted earnings per common share:                      
Income (loss) from continuing operations $ (0.05) $ 0.15 $ 0.11 $ 0.24 $ 0.17 $ 0.23 $ 0.19 $ 0.19 $ 0.47 $ 0.77 $ 0.69
Discontinued operations $ (0.06) $ 0.01   $ 0.05 $ 0.01 $ 0.01 $ 0.01     $ 0.04 $ (0.02)
Net income (loss) available to common shareholders $ (0.11) $ 0.16 $ 0.11 $ 0.29 $ 0.18 $ 0.24 $ 0.20 $ 0.19 $ 0.47 $ 0.81 $ 0.67
Dividends declared per common share $ 0.45 $ 0.45 $ 0.45 $ 0.45 $ 0.45 $ 0.45 $ 0.45 $ 0.45 $ 1.80 $ 1.80 $ 1.80
[1] Amounts for the quarter ended December 31, 2012 relate to impairment charges as further described in Note 3: Property sales, held for sale and impairments.
[2] Included in the real estate segment for these items are the effects of the Roseland Assets acquired in 2012.