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 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUES        
Base rents $ 133,210 $ 135,438 $ 267,261 $ 269,061
Escalations and recoveries from tenants 16,996 17,456 42,564 36,944
Construction services   6,746   14,972
Real estate services 7,009 6,642 13,701 13,085
Parking income 2,236 1,597 4,350 2,989
Other income 849 467 2,020 2,208
Total revenues 160,300 168,346 329,896 339,259
EXPENSES        
Real estate taxes 23,375 19,834 47,726 41,483
Utilities 14,573 13,739 42,854 30,027
Operating services 27,840 25,327 57,062 50,635
Direct construction costs   6,511   14,336
Real estate services expenses 6,571 5,304 13,280 10,257
General and administrative 13,673 13,111 36,554 25,084
Depreciation and amortization 44,711 45,665 89,696 89,013
Total expenses 130,743 129,491 287,172 260,835
Operating income 29,557 38,855 42,724 78,424
OTHER (EXPENSE) INCOME        
Interest expense (28,159) (31,270) (58,105) (61,139)
Interest and other investment income 922 1,094 1,308 1,100
Equity in earnings (loss) of unconsolidated joint ventures 443 (80) (792) (1,830)
Realized gains (losses) and unrealized losses on disposition of rental property, net 54,584   54,584  
Total other (expense) income 27,790 (30,256) (3,005) (61,869)
Income from continuing operations 57,347 8,599 39,719 16,555
Discontinued operations:        
Income from discontinued operations   4,530   9,663
Loss from early extinguishment of debt   (703)   (703)
Realized gains (losses) and unrealized losses on disposition of rental property, net   13,758   13,758
Total discontinued operations   17,585   22,718
Net income 57,347 26,184 39,719 39,273
Noncontrolling interest in consolidated joint ventures 290 62 612 124
Noncontrolling interest in Operating Partnership (6,514) (1,048) (4,506) (2,021)
Noncontrolling interest in discontinued operations   (2,127)   (2,749)
Net income available to common shareholders $ 51,123 $ 23,071 $ 35,825 $ 34,627
Basic earnings per common share:        
Income from continuing operations $ 0.58 $ 0.09 $ 0.40 $ 0.16
Discontinued operations   $ 0.17   $ 0.23
Net income available to common shareholders $ 0.58 $ 0.26 $ 0.40 $ 0.39
Diluted earnings per common share:        
Income from continuing operations $ 0.58 $ 0.09 $ 0.40 $ 0.16
Discontinued operations   $ 0.17   $ 0.23
Net income available to common shareholders $ 0.58 $ 0.26 $ 0.40 $ 0.39
Basic weighted average shares outstanding 88,691 87,708 88,491 87,688
Diluted weighted average shares outstanding 100,023 99,895 99,964 99,892