Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v2.4.0.8
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES      
Base rents $ 540,165 $ 535,822 $ 538,993
Escalations and recoveries from tenants 72,758 74,535 83,782
Construction services 15,650 13,557 12,058
Real estate services 26,935 8,606 5,056
Parking income 6,840 6,021 6,036
Other income 4,683 12,091 6,310
Total revenues 667,031 650,632 652,235
EXPENSES      
Real estate taxes 85,574 86,683 79,340
Utilities 63,622 58,267 66,506
Operating services 105,278 97,005 102,261
Direct construction costs 14,945 12,647 11,458
Real estate services expenses 22,716 3,746 1,065
General and administrative 47,682 47,664 35,137
Depreciation and amortization 182,766 174,333 175,171
Impairments 110,853 9,845  
Total expenses 633,436 490,190 470,938
Operating income 33,595 160,442 181,297
OTHER (EXPENSE) INCOME      
Interest expense (123,701) (122,039) (123,858)
Interest and other investment income 2,903 34 38
Equity in earnings (loss) of unconsolidated joint ventures (2,327) 4,089 2,022
Loss from early extinguishment of debt (156) (4,960)  
Total other (expense) income (123,281) (122,876) (121,798)
Income (loss) from continuing operations (89,686) 37,566 59,499
Discontinued operations:      
Income from discontinued operations 11,811 21,878 21,888
Loss from early extinguishment of debt (703)    
Realized gains (losses) and unrealized losses on disposition of rental property and impairments, net 59,520 (13,175)  
Total discontinued operations, net 70,628 8,703 21,888
Net income (loss) (19,058) 46,269 81,387
Noncontrolling interest in consolidated joint ventures 2,199 330 402
Noncontrolling interest in Operating Partnership 10,459 (4,619) (7,532)
Noncontrolling interest in discontinued operations (8,509) (1,058) (2,837)
Preferred stock dividends     (1,736)
Net income (loss) available to common shareholders $ (14,909) $ 40,922 $ 69,684
Basic earnings per common share:      
Income (loss) from continuing operations $ (0.88) $ 0.38 $ 0.59
Discontinued operations $ 0.71 $ 0.09 $ 0.22
Net income (loss) available to common shareholders $ (0.17) $ 0.47 $ 0.81
Diluted earnings per common share:      
Income (loss) from continuing operations $ (0.88) $ 0.38 $ 0.59
Discontinued operations $ 0.71 $ 0.09 $ 0.22
Net income (loss) available to common shareholders $ (0.17) $ 0.47 $ 0.81
Basic weighted average shares outstanding 87,762 87,742 86,047
Diluted weighted average shares outstanding 99,785 99,996 98,962