|
Consolidated Statements Of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| REVENUES |
|
|
| Base rents |
$ 123,793 |
$ 134,051 |
| Escalations and recoveries from tenants |
18,399 |
25,568 |
| Real estate services |
7,644 |
6,692 |
| Parking income |
2,542 |
2,114 |
| Other income |
1,337 |
1,171 |
| Total revenues |
153,715 |
169,596 |
| EXPENSES |
|
|
| Real estate taxes |
22,452 |
24,351 |
| Utilities |
17,575 |
28,281 |
| Operating services |
28,228 |
29,222 |
| Real estate services expenses |
6,639 |
6,709 |
| General and administrative |
11,011 |
22,881 |
| Depreciation and amortization |
40,802 |
44,985 |
| Total expenses |
126,707 |
156,429 |
| Operating income |
27,008 |
13,167 |
| OTHER (EXPENSE) INCOME |
|
|
| Interest expense |
(27,215) |
(29,946) |
| Interest and other investment income |
267 |
386 |
| Equity in earnings (loss) of unconsolidated joint ventures |
(3,529) |
(1,235) |
| Realized gains (losses) on disposition of rental property, net |
144 |
|
| Total other (expense) income |
(30,333) |
(30,795) |
| Net loss |
(3,325) |
(17,628) |
| Noncontrolling interest in consolidated joint ventures |
490 |
322 |
| Noncontrolling interest in Operating Partnership |
314 |
2,008 |
| Net loss available to common shareholders |
$ (2,521) |
$ (15,298) |
| Basic earnings per common share: |
|
|
| Net loss available to common shareholders |
$ (0.03) |
$ (0.17) |
| Diluted earnings per common share: |
|
|
| Net loss available to common unitholders |
$ (0.03) |
$ (0.17) |
| Basic weighted average shares outstanding |
89,192 |
88,289 |
| Diluted weighted average shares outstanding |
100,266 |
99,876 |