|
Condensed Quarterly Financial Information (Details) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2011
|
Sep. 30, 2011
|
Jun. 30, 2011
|
Mar. 31, 2011
|
Dec. 31, 2010
|
Sep. 30, 2010
|
Jun. 30, 2010
|
Mar. 31, 2010
|
Dec. 31, 2011
|
Dec. 31, 2010
|
Dec. 31, 2009
|
|
| Condensed Quarterly Financial Information [Abstract] | |||||||||||
| Total revenues | $ 179,687 | $ 177,155 | $ 181,107 | $ 186,330 | $ 192,156 | $ 197,956 | $ 202,785 | $ 194,583 | $ 724,279 | $ 787,480 | $ 758,925 |
| Operating and other expenses | 69,844 | 62,661 | 69,921 | 75,966 | 67,913 | 73,089 | 70,394 | 70,668 | |||
| Direct construction costs | 2,802 | 2,290 | 2,784 | 3,582 | 12,667 | 15,884 | 21,411 | 10,293 | 11,458 | 60,255 | 20,323 |
| General and administrative | 9,003 | 8,683 | 9,226 | 8,629 | 8,939 | 8,992 | 8,658 | 8,414 | 35,541 | 35,003 | 39,779 |
| Depreciation and amortization | 48,673 | 48,498 | 48,268 | 48,148 | 47,226 | 47,978 | 47,474 | 48,490 | 193,587 | 191,168 | 200,732 |
| Impairment charge on rental property | 9,521 | 9,521 | |||||||||
| Total expenses | 130,322 | 122,132 | 130,199 | 136,325 | 146,266 | 145,943 | 147,937 | 137,865 | 518,978 | 578,011 | 535,252 |
| Operating income | 49,365 | 55,023 | 50,908 | 50,005 | 45,890 | 52,013 | 54,848 | 56,718 | 205,301 | 209,469 | 223,673 |
| Interest expense | (31,784) | (31,489) | (31,363) | (31,339) | (35,982) | (36,941) | (37,335) | (39,071) | (125,975) | (149,329) | (140,068) |
| Interest and other investment income | 9 | 10 | 10 | 10 | 13 | 34 | 18 | 21 | 39 | 86 | 570 |
| Equity in earnings (loss) of unconsolidated joint ventures | 848 | 539 | 736 | (101) | 2,063 | 475 | 260 | (522) | 2,022 | 2,276 | (5,560) |
| Loss from early extinguishment of debt | (3,752) | (3,752) | |||||||||
| Gain on reduction of other obligations | 1,693 | ||||||||||
| Total other (expense) income | (30,927) | (30,940) | (30,617) | (31,430) | (37,658) | (36,432) | (37,057) | (39,572) | (123,914) | (150,719) | (143,365) |
| Income from continuing operations | 18,438 | 24,083 | 20,291 | 18,575 | 8,232 | 15,581 | 17,791 | 17,146 | 81,387 | 58,750 | 80,308 |
| Income (loss) from discontinued operations | 11 | 231 | 242 | (17) | |||||||
| Realized gains (losses) and unrealized losses on disposition of rental property, net | 4,447 | 4,447 | |||||||||
| Total discontinued operations, net | 4,458 | 231 | 4,689 | (16,580) | |||||||
| Net income | 18,438 | 24,083 | 20,291 | 18,575 | 8,232 | 15,581 | 22,249 | 17,377 | 81,387 | 63,439 | 63,728 |
| Noncontrolling interest in consolidated joint ventures | 94 | 96 | 102 | 110 | (19) | 108 | 86 | 87 | 402 | 262 | 943 |
| Noncontrolling interest in Operating Partnership | (2,338) | (3,015) | (2,560) | (2,456) | (1,086) | (2,150) | (2,475) | (2,422) | (10,369) | (8,133) | (12,550) |
| Noncontrolling interest in discontinued operations | (635) | (33) | (668) | 2,447 | |||||||
| Preferred stock dividends | (72) | (664) | (500) | (500) | (500) | (500) | (500) | (500) | (1,736) | (2,000) | (2,000) |
| Net income available to common shareholders | $ 16,122 | $ 20,500 | $ 17,333 | $ 15,729 | $ 6,627 | $ 13,039 | $ 18,725 | $ 14,509 | $ 69,684 | $ 52,900 | $ 52,568 |
| Income from continuing operations | $ 0.18 | $ 0.24 | $ 0.20 | $ 0.19 | $ 0.09 | $ 0.16 | $ 0.19 | $ 0.18 | $ 0.81 | $ 0.62 | $ 0.90 |
| Discontinued operations | $ 0.05 | $ 0.05 | $ (0.19) | ||||||||
| Net income available to common shareholders | $ 0.18 | $ 0.24 | $ 0.20 | $ 0.19 | $ 0.09 | $ 0.16 | $ 0.24 | $ 0.18 | $ 0.81 | $ 0.67 | $ 0.71 |
| Income from continuing operations | $ 0.18 | $ 0.24 | $ 0.20 | $ 0.19 | $ 0.09 | $ 0.16 | $ 0.19 | $ 0.18 | $ 0.81 | $ 0.62 | $ 0.90 |
| Discontinued operations | $ 0.05 | $ 0.05 | $ (0.19) | ||||||||
| Net income available to common shareholders | $ 0.18 | $ 0.24 | $ 0.20 | $ 0.19 | $ 0.09 | $ 0.16 | $ 0.24 | $ 0.18 | $ 0.81 | $ 0.67 | $ 0.71 |
| Dividends declared per common share | $ 0.45 | $ 0.45 | $ 0.45 | $ 0.45 | $ 0.45 | $ 0.45 | $ 0.45 | $ 0.45 | $ 1.80 | $ 1.8 | $ 1.8 |