| Fair values of the assets acquired and liabilities assumed at the date of acquisition |
| |
|
|
|
|
|
Land and improvements
|
|
$ |
342,330 |
|
|
Buildings and improvements
|
|
|
2,878,807 |
|
|
Acquired lease intangibles
|
|
|
160,340 |
|
|
Other assets
|
|
|
213,325 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets acquired
|
|
|
3,594,802 |
|
|
Notes payable and other debt
|
|
|
1,629,212 |
|
|
Deferred tax liability
|
|
|
43,889 |
|
|
Other liabilities
|
|
|
203,082 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities assumed
|
|
|
1,876,183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets acquired
|
|
|
1,718,619 |
|
|
Cash acquired
|
|
|
77,718 |
|
|
Equity issued
|
|
|
1,376,437 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash used
|
|
$ |
264,464 |
|
|
|
|
|
|
| |
|
|
|
|
|
Land and improvements
|
|
$ |
687,142 |
|
|
Buildings and improvements
|
|
|
6,414,258 |
|
|
Acquired lease intangibles
|
|
|
515,535 |
|
|
Other assets
|
|
|
701,743 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets acquired
|
|
|
8,318,678 |
|
|
Notes payable and other debt
|
|
|
1,879,014 |
|
|
Other liabilities
|
|
|
789,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities assumed
|
|
|
2,668,054 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Redeemable OP unitholder interests assumed
|
|
|
100,429 |
|
|
Noncontrolling interest assumed
|
|
|
83,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets acquired
|
|
|
5,466,493 |
|
|
Cash acquired
|
|
|
29,202 |
|
|
Equity issued
|
|
|
5,361,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cash used
|
|
$ |
75,798 |
|
|
|
|
|
|
|
| The effect of material acquisitions on net income and earnings per share |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended |
|
|
For the Nine Months Ended |
|
| |
|
September 30, |
|
|
September 30, |
|
| |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
| |
|
(In thousands, except per share amounts) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$ |
565,424 |
|
|
$ |
556,779 |
|
|
$ |
1,698,376 |
|
|
$ |
1,625,552 |
|
|
Income from continuing operations attributable to common
stockholders
|
|
|
183,517 |
|
|
|
90,891 |
|
|
|
399,249 |
|
|
|
280,216 |
|
|
Discontinued operations
|
|
|
— |
|
|
|
542 |
|
|
|
— |
|
|
|
7,139 |
|
|
Net income attributable to common stockholders
|
|
|
183,517 |
|
|
|
91,433 |
|
|
|
399,249 |
|
|
|
287,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per common share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to common
stockholders
|
|
$ |
0.64 |
|
|
$ |
0.32 |
|
|
$ |
1.39 |
|
|
$ |
1.00 |
|
|
Discontinued operations
|
|
|
— |
|
|
|
0.00 |
|
|
|
— |
|
|
|
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders
|
|
$ |
0.64 |
|
|
$ |
0.32 |
|
|
$ |
1.39 |
|
|
$ |
1.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to common
stockholders
|
|
$ |
0.63 |
|
|
$ |
0.32 |
|
|
$ |
1.38 |
|
|
$ |
0.99 |
|
|
Discontinued operations
|
|
|
— |
|
|
|
0.00 |
|
|
|
— |
|
|
|
0.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to common stockholders
|
|
$ |
0.63 |
|
|
$ |
0.32 |
|
|
$ |
1.38 |
|
|
$ |
1.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares used in computing earnings
per common share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
287,365 |
|
|
|
281,439 |
|
|
|
286,647 |
|
|
|
281,374 |
|
|
Diluted
|
|
|
290,794 |
|
|
|
282,749 |
|
|
|
289,027 |
|
|
|
282,261 |
|
|