| Schedule Of Segment Reporting Information, By Segment |
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Construction |
Corporate |
Total |
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Real Estate |
Services |
& Other (d) |
Company |
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Total revenues: |
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Three months ended: |
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March 31, 2012 |
$178,887 |
$3,833 |
$ 260 |
$182,980 |
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March 31, 2011 |
179,736 |
3,915 |
562 |
184,213 |
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Total operating and interest expenses(a): |
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Three months ended: |
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March 31, 2012 |
$ 65,230 |
$3,890 |
$41,190 |
$110,310 |
(e) |
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March 31, 2011 |
74,881 |
4,122 |
38,967 |
117,970 |
(f) |
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Equity in earnings (loss) of unconsolidated |
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joint ventures: |
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Three months ended: |
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March 31, 2012 |
$ 600 |
-- |
-- |
$ 600 |
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March 31, 2011 |
(101) |
-- |
-- |
(101) |
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Net operating income (b): |
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Three months ended: |
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March 31, 2012 |
$114,257 |
$ (57) |
$(40,930) |
$ 73,270 |
(e) |
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March 31, 2011 |
104,754 |
(207) |
(38,405) |
66,142 |
(f) |
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Total assets: |
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March 31, 2012 |
$4,285,146 |
$6,862 |
$ 7,426 |
$4,299,434 |
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December 31, 2011 |
4,272,469 |
7,022 |
16,268 |
4,295,759 |
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Total long-lived assets (c): |
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March 31, 2012 |
$4,035,730 |
-- |
$ 2,178 |
$4,037,908 |
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December 31, 2011 |
4,034,651 |
-- |
2,272 |
4,036,923 |
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(a) |
Total operating and interest expenses represent the sum of: real estate taxes; utilities; operating services; direct construction costs; real estate services salaries, wages and other costs; general and administrative and interest expense (net of interest income). All interest expense, net of interest income, (including for property-level mortgages) is excluded from segment amounts and classified in Corporate & Other for all periods. |
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(b) |
Net operating income represents total revenues less total operating and interest expenses [as defined in Note (a)], plus equity in earnings (loss) of unconsolidated joint ventures, for the period. |
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(c) |
Long-lived assets are comprised of net investment in rental property, unbilled rents receivable and investments in unconsolidated joint ventures. |
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(d) |
Corporate & Other represents all corporate-level items (including interest and other investment income, interest expense and non-property general and administrative expense) as well as intercompany eliminations necessary to reconcile to consolidated Company totals. |
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(e) |
Excludes $47,822 of depreciation and amortization. |
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(f) |
Excludes $47,707 of depreciation and amortization. | |