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Condensed Consolidated Statements Of Income And Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Property revenues    
Rental revenues $ 169,603 $ 146,254
Other property revenues 26,587 23,445
Total property revenues 196,190 169,699
Property expenses    
Property operating and maintenance 50,494 46,114
Real estate taxes 21,653 17,373
Total property expenses 72,147 63,487
Non-property income    
Fee and asset management 2,894 2,923
Interest and other income (loss) 52 (688)
Income on deferred compensation plans 2,999 7,786
Total non-property income 5,945 10,021
Other expenses    
Property management 5,983 5,284
Fee and asset management 1,477 1,743
General and administrative 9,794 8,679
Interest 24,895 26,683
Depreciation and amortization 53,255 47,906
Amortization of deferred financing costs 916 912
Expense on deferred compensation plans 2,999 7,786
Total other expenses 99,319 98,993
Gain on sale of land 698 0
Gain on acquisition of controlling interest in joint ventures 0 40,191
Equity in income of joint ventures 934 [1] 366 [1]
Income from continuing operations before income taxes 32,301 57,797
Income tax expense - current (399) (224)
Income from continuing operations 31,902 57,573
Income from discontinued operations 748 2,990
Gain on sale of discontinued operations, net of tax 31,783 32,541
Net income 64,433 93,104
Less income allocated to non-controlling interests from continuing operations (917) (764)
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations (40) (731)
Less income allocated to perpetual preferred units 0 (776)
Less write off of original issuance costs of redeemed perpetual preferred units 0 (2,075)
Net income attributable to common shareholders 63,476 88,758
Earnings per share - basic    
Income from continuing operations attributable to common shareholders $ 0.35 $ 0.66
Income from discontinued operations, including gain on sale, attributable to common shareholders $ 0.37 $ 0.44
Net income attributable to common shareholders, as adjusted - per share $ 0.72 $ 1.10
Earnings per share - diluted    
Income from continuing operations attributable to common shareholders $ 0.35 $ 0.65
Income from discontinued operations, including gain on sale, attributable to common shareholders $ 0.37 $ 0.42
Net income attributable to common shareholders, as adjusted - per share $ 0.72 $ 1.07
Distributions declared per common share $ 0.63 $ 0.56
Weighted average number of common shares outstanding - basic 86,703 79,885
Weighted average number of common shares outstanding - diluted 87,276 82,855
Net income attributable to common shareholders    
Income from continuing operations 31,902 57,573
Less income allocated to non-controlling interests from continuing operations (917) (764)
Less income allocated to perpetual preferred units 0 (776)
Less write off of original issuance costs of redeemed perpetual preferred units 0 (2,075)
Income from continuing operations attributable to common shareholders 30,985 53,958
Income from discontinued operations, including gain on sale 32,531 35,531
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations (40) (731)
Income from discontinued operations, including gain on sale, attributable to common shareholders 32,491 34,800
Net income attributable to common shareholders 63,476 88,758
Condensed Consolidated Statements of Comprehensive Income:    
Net income 64,433 93,104
Other comprehensive income    
Reclassification of prior service cost and net loss on post retirement obligations 14 8
Comprehensive income 64,447 93,112
Less income allocated to non-controlling interests from continuing operations (917) (764)
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations (40) (731)
Less income allocated to perpetual preferred units 0 (776)
Less write off of original issuance costs of redeemed perpetual preferred units 0 (2,075)
Comprehensive income attributable to common shareholders $ 63,490 $ 88,766
[1] Equity in income excludes our ownership interest of fee income from various property management services provided by us to our joint ventures.