Consolidated Statements Of Operations - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| REVENUES | ||||
| Base rents | $ 121,246 | $ 133,210 | $ 245,039 | $ 267,261 |
| Escalations and recoveries from tenants | 15,842 | 16,996 | 34,241 | 42,564 |
| Real estate services | 7,401 | 7,009 | 15,045 | 13,701 |
| Parking income | 2,850 | 2,236 | 5,392 | 4,350 |
| Other income | 1,228 | 849 | 2,565 | 2,020 |
| Total revenues | 148,567 | 160,300 | 302,282 | 329,896 |
| EXPENSES | ||||
| Real estate taxes | 21,410 | 23,375 | 43,862 | 47,726 |
| Utilities | 13,399 | 14,573 | 30,974 | 42,854 |
| Operating services | 25,844 | 27,840 | 54,072 | 57,062 |
| Real estate services expenses | 6,208 | 6,571 | 12,847 | 13,280 |
| General and administrative | 11,988 | 13,673 | 22,999 | 36,554 |
| Depreciation and amortization | 42,365 | 44,711 | 83,167 | 89,696 |
| Total expenses | 121,214 | 130,743 | 247,921 | 287,172 |
| Operating income | 27,353 | 29,557 | 54,361 | 42,724 |
| OTHER (EXPENSE) INCOME | ||||
| Interest expense | (26,773) | (28,159) | (53,988) | (58,105) |
| Interest and other investment income | 291 | 922 | 558 | 1,308 |
| Equity in earnings (loss) of unconsolidated joint ventures | (2,329) | 443 | (5,858) | (792) |
| Realized gains (losses) on disposition of rental property, net | 34,399 | 54,584 | 34,543 | 54,584 |
| Gain on sale of investment in unconsolidated joint ventures | 6,448 | 6,448 | ||
| Total other (expense) income | 12,036 | 27,790 | (18,297) | (3,005) |
| Net income | 39,389 | 57,347 | 36,064 | 39,719 |
| Noncontrolling interest in consolidated joint ventures | 373 | 290 | 863 | 612 |
| Noncontrolling interest in Operating Partnership | (4,383) | (6,514) | (4,069) | (4,506) |
| Net income available to common shareholders | $ 35,379 | $ 51,123 | $ 32,858 | $ 35,825 |
| Basic earnings per common share: | ||||
| Net income available to common shareholders | $ 0.40 | $ 0.58 | $ 0.37 | $ 0.40 |
| Diluted earnings per common share: | ||||
| Net income (loss) available to common shareholders | $ 0.40 | $ 0.58 | $ 0.37 | $ 0.40 |
| Basic weighted average shares outstanding | 89,244 | 88,691 | 89,218 | 88,491 |
| Diluted weighted average shares outstanding | 100,314 | 100,023 | 100,313 | 99,964 |