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Note 22 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Book to Tax Reconciliation [Table Text Block]

		2012 (Estimated)				2011 (Actual)				2010 (Actual)
GAAP net income attributable to the Company		$	266,073			$	169,051			$	142,868
Less: GAAP net (income)/loss of taxable REIT subsidiaries			(5,249	)			(19,572	)			13,920
GAAP net income from REIT operations (a)			260,824				149,479				156,788
Net book depreciation in excess of tax depreciation			32,517				30,603				13,568
Deferred/prepaid/above and below market rents, net			(17,643	)			(16,463	)			(19,978	)
Book/tax differences from non-qualified stock options			1,653				9,879				9,103
Book/tax differences from investments in real estate joint ventures			16,837				52,564				69,581
Book/tax difference on sale of property			(69,961	)			1,811				(39,139	)
Book adjustment to property carrying values and marketable equity securities			9,956				8,721				19,065
Taxable currency exchange (loss)/gain, net			(1,611	)			6,502				13,134
Book/tax differences on capitalized costs			2,899				3,228				(12,782	)
Dividends from taxable REIT subsidiaries			1,000				15,969				-
Other book/tax differences, net			(845	)			1,016				(6,064	)
Adjusted REIT taxable income		$	235,626			$	263,309			$	203,276

Taxable Characteristics of Distributions Paid [Table Text Block]

		2012								2011								2010
Preferred F Dividends
Ordinary income		$	9,116				94	%		$	11,638				100	%		$	11,638				100	%
Capital gain			582				6	%			-				-	%			-				-	%
		$	9,698				100	%		$	11,638				100	%		$	11,638				100	%
Preferred G Dividends
Ordinary income		$	33,046				94	%		$	35,650				100	%		$	35,650				100	%
Capital gain			2,109				6	%			-				-	%			-				-	%
		$	35,155				100	%		$	35,650				100	%		$	35,650				100	%
Preferred H Dividends
Ordinary income		$	11,351				94	%		$	13,584				100	%		$	-				-	%
Capital gain			725				6	%			-				-	%			-				-	%
		$	12,076				100	%		$	13,584				100	%		$	-				-	%
Preferred I Dividends
Ordinary income		$	12,847				94	%		$	-				-	%		$	-				-	%
Capital gain			820				6	%			-				-	%			-				-	%
		$	13,667				100	%		$	-				-	%		$	-				-	%
Preferred J Dividends
Ordinary income		$	2,585				94	%		$	-				-	%		$	-				-	%
Capital gain			165				6	%			-				-	%			-				-	%
		$	2,750				100	%		$	-				-	%		$	-				-	%
Common Dividends
Ordinary income		$	222,751				72	%		$	208,832				71	%		$	181,773				70	%
Capital Gain			15,469				5	%			-				-	%			-				-	%
Return of capital			71,156				23	%			84,060				29	%			77,903				30	%
		$	309,376				100	%		$	292,892				100	%		$	259,676				100	%
Total dividends distributed		$	382,722							$	353,764							$	306,964

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

		2012				2011				2010
Income/(loss) before income taxes – U.S.		$	8,389			$	36,077			$	(23,658	)
(Provision)/benefit for income taxes, net:
Federal :
Current			(503	)			(2,463	)			1,482
Deferred			(535	)			(10,635	)			7,136
Federal tax (provision)/benefit			(1,038	)			(13,098	)			8,618
State and local:
Current			(1,543	)			(1,343	)			(265	)
Deferred			(560	)			(2,064	)			1,385
State tax (provision)/benefit			(2,103	)			(3,407	)			1,120
Total tax (provision)/benefit – U.S.			(3,141	)			(16,505	)			9,738
Net income/(loss) from U.S. taxable REIT subsidiaries		$	5,248			$	19,572			$	(13,920	)
Income before taxes – Non-U.S.		$	33,842			$	63,154			$	102,426
(Provision)/benefit for Non-U.S. income taxes:
Current		$	5,790			$	(4,484	)		$	(13,671	)
Deferred			1,239				2,784				430
Non-U.S. tax provision		$	7,029			$	(1,700	)		$	(13,241	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		2012				2011
Deferred tax assets:
Tax/GAAP basis differences		$	68,623			$	66,177
Net operating losses			43,483				47,719
Related party deferred loss			6,214				7,577
Tax credit carryforwards			3,815				3,537
Capital loss carryforwards			647				364
Charitable contribution carryforward			3				-
Non-U.S. tax/GAAP basis differences			62,548				63,610
Valuation allowance – U.S.			(33,783	)			(33,783	)
Valuation allowance – Non-U.S.			(38,129	)			(32,737	)
Total deferred tax assets			113,421				122,464
Deferred tax liabilities – U.S.			(9,933	)			(11,434	)
Deferred tax liabilities – Non-U.S.			(13,263	)			(16,085	)
Net deferred tax assets		$	90,225			$	94,945

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

		2012				2011				2010
Federal benefit at statutory tax rate (35%)		$	2,936			$	12,627			$	(8,280	)
State and local taxes, net of federal benefit			230				1,683				(728	)
Other			(25	)			2,195				(730	)
Total tax provision/(benefit) – U.S.		$	3,141			$	16,505			$	(9,738	)

Summary of Income Tax Contingencies [Table Text Block]

		2012				2011
Balance, beginning of year		$	16,901			$	14,908
Increases for tax positions related to current year			3,079				1,993
Reductions due to lapsed statute of limitations			(3,090	)			-
Balance, end of year		$	16,890			$	16,901

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