 | As- Reported Financials | Income Statement | | | | 2009 Y | 2010 Y | 2011 Y | 2012 Y | 2013 Q1 YTD | | Source Document | 12/31/2011 | 12/31/2012 | 12/31/2012 | 12/31/2012 | 3/31/2013 | | Currency Code | USD | USD | USD | USD | USD | | (in thousands) | | | | | | | | | | | | | |
| Real estate rental revenue | 256,549 | 253,127 | 284,156 | 304,983 | 76,924 | |
| Real estate expenses | NA | NA | NA | NA | 27,091 | | Utilities | 18,866 | 17,608 | 19,397 | 19,421 | NA | | Real estate taxes | 27,072 | 24,644 | 26,855 | 31,516 | NA | | Repairs and maintenance | 11,104 | 11,685 | 13,231 | 14,198 | NA | | Property administration | 8,845 | 8,527 | 9,528 | 10,433 | NA | | Property management | 6,237 | 7,158 | 8,773 | 10,130 | NA | | Operating services and common area maintenance | 13,132 | 13,236 | 14,502 | 14,971 | NA | | Other real estate expenses | 4,033 | 1,887 | 3,056 | 2,607 | NA | | Depreciation and amortization | 77,549 | 78,483 | 91,805 | 103,067 | 25,524 | | Acquisition costs | (788) | 1,161 | 3,607 | 234 | 213 | | Real estate impairment | 0 | 0 | 14,526 | 2,097 | NA | | General and administrative | 13,118 | 14,406 | 15,728 | 15,488 | 3,862 | | Total | 179,956 | 178,795 | 221,008 | 224,162 | 56,690 | | Real estate operating income | 76,593 | 74,332 | 63,148 | 80,821 | 20,234 | |
| Interest expense | (72,694) | (66,965) | (66,214) | (64,697) | (16,518) | | Other income | 1,205 | 1,193 | 1,144 | 975 | 239 | | Gain from non-disposal activities | 71 | 7 | 0 | 0 | NA | | Loss on extinguishment of debt | 5,336 | (9,176) | (976) | 0 | NA | | Total | (66,870) | (74,941) | (66,046) | (63,722) | (16,279) | | Income from continuing operations | 9,723 | (609) | (2,898) | 17,099 | 3,955 | |
| Income from operations of properties sold or held for sale | 17,877 | 16,569 | 11,923 | 1,485 | 185 | | Gain on sale of real estate | 13,348 | 21,599 | 97,491 | 5,124 | 3,195 | | Income tax expense | 0 | 0 | (1,138) | 0 | NA | | Net income | 40,948 | 37,559 | 105,378 | 23,708 | 7,335 | | Less - Net income attributable to noncontrolling interests in subsidiaries | (203) | (133) | (494) | 0 | NA | | Net income attributable to the controlling interests | 40,745 | 37,426 | 104,884 | 23,708 | NA | |
| Continuing operations | 0.17 | (0.01) | (0.04) | 0.25 | 0.06 | | Discontinued operations | 0.54 | 0.61 | 1.62 | 0.1 | 0.05 | | Net income per share | 0.71 | 0.6 | 1.58 | 0.35 | 0.11 | |
| Continuing operations | 0.17 | (0.01) | (0.04) | 0.25 | 0.06 | | Discontinued operations | 0.54 | 0.61 | 1.62 | 0.1 | 0.05 | | Net income per share | 0.71 | 0.6 | 1.58 | 0.35 | 0.11 | | Weighted average shares outstanding - basic | 56,894 | 62,140 | 65,982 | 66,239 | 66,393 | | Weighted average shares outstanding - diluted | 56,968 | 62,140 | 65,982 | 66,376 | 66,519 | | Dividends declared per share | 1.73 | 1.73 | 1.74 | 1.47 | 0.3 | |
| Net income | NA | 37,559 | 105,378 | 23,708 | NA | | Other comprehensive income | | Change in fair value of interest rate hedge | NA | 288 | 1,469 | 0 | NA | | Comprehensive income | NA | 37,847 | 106,847 | 23,708 | NA | | Less - Net income attributable to noncontrolling interests | NA | (133) | (494) | 0 | NA | | Comprehensive income attributable to the controlling interests | NA | 37,714 | 106,353 | 23,708 | NA |
Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data. |
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