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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Minimum rents $ 150,638 $ 112,221 $ 438,625 $ 335,713
Percentage rents 4,137 4,838 10,953 10,806
Tenant recoveries 90,033 64,713 256,366 186,661
Management Companies 10,742 9,858 31,193 30,730
Other 11,006 12,462 35,770 28,988
Total revenues 266,556 204,092 772,907 592,898
Expenses:        
Shopping center and operating expenses 86,184 63,246 248,933 185,332
Management Companies' operating expenses 23,036 20,706 69,003 66,953
REIT general and administrative expenses 5,955 5,063 18,672 15,235
Depreciation and amortization 91,346 68,737 272,696 207,177
Total expenses before interest 206,521 157,752 609,304 474,697
Interest expense:        
Related parties 3,745 3,815 11,289 11,588
Other 48,911 37,750 147,430 113,706
Total interest expense 52,656 41,565 158,719 125,294
Loss (gain) on early extinguishment of debt, net 6 0 (1,938) 0
Total expenses 259,183 199,317 766,085 599,991
Equity in income of unconsolidated joint ventures 35,161 19,315 145,477 68,624
Co-venture expense (2,053) (2,066) (6,232) (4,462)
Income tax benefit 543 934 2,263 2,159
Gain on remeasurement, sale or write down of assets, net 1,763 21,967 5,793 39,938
Income from continuing operations 42,787 44,925 154,123 99,166
Discontinued operations:        
(Loss) gain on the disposition of assets, net (1,281) (256) 140,631 75,571
(Loss) income from discontinued operations (681) 2,606 3,416 5,357
Total (loss) income from discontinued operations (1,962) 2,350 144,047 80,928
Net income 40,825 47,275 298,170 180,094
Less net income attributable to noncontrolling interests 2,702 3,382 22,958 16,915
Net income attributable to the Company $ 38,123 $ 43,893 $ 275,212 $ 163,179
Earnings per common share attributable to Company—basic: (in dollars per share)        
Income from continuing operations $ 0.28 $ 0.31 $ 1.00 $ 0.66
Discontinued operations $ (0.01) $ 0.02 $ 0.97 $ 0.56
Net income attributable to common stockholders $ 0.27 $ 0.33 $ 1.97 $ 1.22
Earnings per common share attributable to Company—diluted: (in dollars per share)        
Income from continuing operations $ 0.28 $ 0.31 $ 1.00 $ 0.66
Discontinued operations $ (0.01) $ 0.02 $ 0.97 $ 0.56
Net income attributable to common stockholders $ 0.27 $ 0.33 $ 1.97 $ 1.22
Weighted average number of common shares outstanding: (in shares)        
Basic 140,712 134,220 139,219 133,091
Diluted 140,773 [1] 134,330 [1] 139,320 [1] 133,187 [1]
[1] The convertible senior notes ("Senior Notes") are excluded from diluted EPS for the nine months ended September 30, 2012 as their impact was antidilutive. The Senior Notes were paid off in full on March 15, 2012 (See Note 10—Bank and Other Notes Payable).Diluted EPS excludes 184,304 convertible preferred units for the three months ended September 30, 2013 and 2012, and 184,304 and 197,183 convertible preferred units for the nine months ended September 30, 2013 and 2012, respectively, as their impact was antidilutive.Diluted EPS excludes 9,621,313 and 10,769,552 Operating Partnership units ("OP Units") for the three months ended September 30, 2013 and 2012, respectively, and 9,920,197 and 11,069,129 OP Units for the nine months ended September 30, 2013 and 2012, respectively, as their impact was antidilutive.