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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2011
Income Taxes [Abstract]  
Reconciliation Of Net Income To REIT Taxable Income
September 30, September 30, September 30,
       Year Ended December 31,  

(in thousands)

     2011      2010      2009  

Net income (loss)

     $ 59,961       $ 31,142       $ (44,203

Less (income) loss attributable to noncontrolling interests

       (3,582      (926      403   

Less income allocated to perpetual preferred units

       (7,000      (7,000      (7,000
    

 

 

    

 

 

    

 

 

 

Net income (loss) attributable to common shareholders

       49,379         23,216         (50,800

Loss of taxable REIT subsidiaries included above

       539         2,056         25,124   
    

 

 

    

 

 

    

 

 

 

Net income (loss) from REIT operations

       49,918         25,272         (25,676

Book depreciation and amortization, including discontinued operations

       188,042         179,662         178,607   

Tax depreciation and amortization

       (155,636      (158,134      (164,639

Book/tax difference on gains/losses from capital transactions

       (4,315      37,798         (7,059

Book/tax difference on impairment associated with land development activities

       —           —           62,397   

Other book/tax differences, net

       8,205         (10,565      (24,188
    

 

 

    

 

 

    

 

 

 

REIT taxable income

       86,214         74,033         19,442   

Dividends paid deduction

       (143,657      (124,999      (128,507
    

 

 

    

 

 

    

 

 

 

Dividends paid in excess of taxable income

     $ (57,443    $ (50,966    $ (109,065
    

 

 

    

 

 

    

 

 

 
Schedule Of Per Share Distributions Reported To Shareholders
September 30, September 30, September 30,
       Year Ended December 31,  
       2011     2010     2009  

Common Share Distributions

        

Ordinary income

     $ 1.08      $ 0.89      $ 1.74   

Long-term capital gain

       0.13        0.20        0.25   

Unrecaptured Sec. 1250 gain

       0.23        0.48        0.06   

Return of capital

       0.52        0.23        —     
    

 

 

   

 

 

   

 

 

 

Total

     $ 1.96      $ 1.80      $ 2.05   
    

 

 

   

 

 

   

 

 

 

Percentage of distributions representing tax preference items

       2.83     3.91     3.94