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
 3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES        
Base rents $ 149,700 $ 150,064 $ 448,775 $ 452,449
Escalations and recoveries from tenants 21,601 26,420 73,211 78,376
Construction services 2,359 16,475 8,984 49,694
Real estate services 1,354 2,014 3,737 5,660
Other income 2,141 2,983 9,885 9,145
Total revenues 177,155 197,956 544,592 595,324
EXPENSES        
Real estate taxes 14,503 24,913 63,934 72,986
Utilities 20,144 20,831 57,136 57,066
Operating services 28,014 27,345 87,478 84,099
Direct construction costs 2,290 15,884 8,656 47,588
General and administrative 8,683 8,992 26,538 26,064
Depreciation and amortization 48,498 47,978 144,914 143,942
Total expenses 122,132 145,943 388,656 431,745
Operating income 55,023 52,013 155,936 163,579
OTHER (EXPENSE) INCOME        
Interest expense (31,489) (36,941) (94,191) (113,347)
Interest and other investment income 10 34 30 73
Equity in earnings (loss) of unconsolidated joint ventures 539 475 1,174 213
Total other (expense) income (30,940) (36,432) (92,987) (113,061)
Income from continuing operations 24,083 15,581 62,949 50,518
Discontinued operations:        
Income (loss) from discontinued operations       242
Realized gains (losses) and unrealized losses on disposition of rental property, net       4,447
Total discontinued operations, net       4,689
Net income 24,083 15,581 62,949 55,207
Noncontrolling interest in consolidated joint ventures 96 108 308 281
Noncontrolling interest in Operating Partnership (3,015) (2,150) (8,031) (7,047)
Noncontrolling interest in discontinued operations       (668)
Preferred stock dividends (664) (500) (1,664) (1,500)
Net income available to common shareholders $ 20,500 $ 13,039 $ 53,562 $ 46,273
Basic earnings per common share:        
Income from continuing operations $ 0.24 $ 0.16 $ 0.63 $ 0.53
Discontinued operations       $ 0.05
Net income available to common shareholders $ 0.24 $ 0.16 $ 0.63 $ 0.58
Diluted earnings per common share:        
Income from continuing operations $ 0.24 $ 0.16 $ 0.62 $ 0.53
Discontinued operations       $ 0.05
Net income available to common shareholders $ 0.24 $ 0.16 $ 0.62 $ 0.58
Basic weighted average shares outstanding 87,019 79,304 85,649 79,161
Diluted weighted average shares outstanding 99,917 92,464 98,631 92,467