Cousins Properties Incorporated(NYSE:CUZ) 
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets....
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 | 2003-09-30 | 2003-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental property revenues | 261,108,000 | 253,344,000 | 246,461,000 | 237,715,000 | 243,027,000 | 220,221,000 | 207,260,000 | 211,474,000 | 208,818,000 | 196,588,000 | 198,429,000 | 203,954,000 | 200,076,000 | 193,655,000 | 193,455,000 | 183,174,000 | 183,227,000 | 186,975,000 | 185,515,000 | 181,766,000 | 184,807,000 | 178,631,000 | 179,024,000 | 175,099,000 | 189,129,000 | 189,127,000 | 180,826,000 | 134,933,000 | 123,345,000 | 119,364,000 | 115,443,000 | 113,698,000 | 113,348,000 | 109,942,000 | 109,569,000 | 114,007,000 | 112,517,000 | -22,018,000 | 92,621,000 | 90,735,000 | 88,476,000 | 90,842,000 | 96,016,000 | 96,177,000 | 90,033,000 | 99,535,000 | 86,857,000 | 80,034,000 | 77,484,000 | 71,734,000 | 49,208,000 | 38,729,000 | 36,123,000 | 32,763,000 | 32,592,000 | 35,610,000 | 37,183,000 | 36,736,000 | 36,148,000 | 36,475,000 | 36,255,000 | 35,992,000 | 37,213,000 | 36,553,000 | 38,632,000 | 37,095,000 | 37,509,000 | 38,050,000 | 38,337,000 | 36,706,000 | 34,313,000 | 32,376,000 | 30,664,000 | 25,499,000 | 24,437,000 | 17,885,000 | 21,772,000 | 29,798,000 | 28,444,000 | 27,514,000 | 24,652,000 | 24,580,000 | 23,858,000 | 21,998,000 | 23,607,000 | 32,515,000 | 35,105,000 | |||||
fee income | 1,245,000 | 528,000 | 526,000 | 494,000 | 496,000 | 481,000 | 495,000 | 406,000 | 379,000 | 329,000 | 318,000 | 352,000 | 374,000 | 749,000 | 1,677,000 | 2,305,000 | 1,388,000 | 3,133,000 | 3,094,000 | 4,803,000 | 4,529,000 | 4,454,000 | 4,350,000 | 4,690,000 | 4,732,000 | 5,220,000 | 7,494,000 | 7,076,000 | 8,728,000 | 2,878,000 | 2,519,000 | 1,798,000 | 2,894,000 | 2,245,000 | 2,597,000 | 1,854,000 | 1,936,000 | 2,379,000 | 1,945,000 | 1,824,000 | 2,199,000 | 2,091,000 | 1,686,000 | 1,704,000 | 1,816,000 | 6,354,000 | 1,802,000 | 2,025,000 | 2,338,000 | 1,959,000 | 2,420,000 | 2,931,000 | 3,579,000 | 4,812,000 | 7,343,000 | 2,786,000 | 2,856,000 | 3,435,000 | 3,385,000 | 8,179,000 | 8,690,000 | 8,213,000 | 8,338,000 | 8,080,000 | 9,510,000 | 8,172,000 | 8,044,000 | 10,566,000 | 21,736,000 | 7,802,000 | 7,558,000 | 7,875,000 | 10,513,000 | 9,860,000 | 8,066,000 | 23,112,000 | 3,431,000 | 4,185,000 | 4,737,000 | |||||||||||||
other | 756,000 | 1,162,000 | 1,339,000 | 1,919,000 | 6,805,000 | 4,625,000 | 1,457,000 | 1,098,000 | 44,000 | 61,000 | 101,000 | 14,000 | 2,278,000 | 138,000 | 38,000 | 201,000 | 2,283,000 | 46,000 | 123,000 | 68,000 | 214,000 | 62,000 | 6,000 | 126,000 | 37,000 | 92,000 | 3,000 | 11,000 | 660,000 | 434,000 | 744,000 | 1,132,000 | 960,000 | 1,925,000 | 993,000 | 3,174,000 | 5,426,000 | 192,000 | 153,000 | 129,000 | 576,000 | 685,000 | 444,000 | 22,000 | 127,000 | 168,000 | 439,000 | 2,446,000 | 1,901,000 | 2,470,000 | 292,000 | 2,065,000 | 603,000 | -3,025,000 | 3,061,000 | 253,000 | 1,465,000 | 556,000 | 513,000 | 689,000 | 245,000 | 171,000 | 1,328,000 | 5,442,000 | 1,723,000 | 4,432,000 | 1,546,000 | 1,770,000 | 1,975,000 | 549,000 | 1,755,000 | 650,000 | 1,054,000 | 758,000 | 360,000 | 1,460,000 | 414,000 | 481,000 | 454,000 | -721,000 | 826,000 | 783,000 | 434,000 | 534,000 | 870,000 | 714,000 | 636,000 | |||||
revenues: - sum | 263,109,000 | 255,034,000 | 248,326,000 | 240,128,000 | 250,328,000 | 225,327,000 | 209,212,000 | 212,978,000 | 209,241,000 | 196,978,000 | 198,848,000 | 204,320,000 | 202,728,000 | 194,542,000 | 195,170,000 | 185,680,000 | 186,898,000 | 190,154,000 | 188,732,000 | 186,637,000 | 189,550,000 | 183,147,000 | 183,380,000 | 179,915,000 | 193,898,000 | 194,439,000 | 188,323,000 | 142,020,000 | 132,733,000 | 122,676,000 | 118,706,000 | 116,628,000 | 117,202,000 | 114,112,000 | 113,159,000 | 119,035,000 | 119,879,000 | -19,447,000 | 94,719,000 | 92,688,000 | 91,251,000 | 93,618,000 | 98,146,000 | 97,903,000 | 91,976,000 | 106,057,000 | 89,098,000 | 84,505,000 | 81,723,000 | 74,612,000 | 52,075,000 | 44,158,000 | 41,268,000 | 35,644,000 | 43,728,000 | 45,213,000 | 47,164,000 | 45,419,000 | 48,956,000 | 56,237,000 | 52,457,000 | 52,635,000 | 69,640,000 | 65,535,000 | 59,195,000 | 51,065,000 | 49,087,000 | 52,715,000 | 70,270,000 | 46,703,000 | 44,975,000 | 44,237,000 | 46,187,000 | 37,675,000 | 37,608,000 | 46,197,000 | 31,201,000 | 53,109,000 | 46,948,000 | 46,575,000 | 46,125,000 | 33,412,000 | 29,626,000 | 32,879,000 | 32,426,000 | 40,955,000 | 42,670,000 | |||||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental property operating expenses | 82,585,000 | 83,140,000 | 80,023,000 | 74,179,000 | 77,156,000 | 72,947,000 | 66,005,000 | 70,634,000 | 71,075,000 | 63,284,000 | 64,838,000 | 67,099,000 | 71,213,000 | 64,646,000 | 66,632,000 | 62,216,000 | 64,877,000 | 63,996,000 | 65,354,000 | 63,716,000 | 66,395,000 | 61,847,000 | 62,844,000 | 61,621,000 | 64,538,000 | 66,308,000 | 65,646,000 | 46,705,000 | 43,487,000 | 42,177,000 | 41,579,000 | 40,731,000 | 40,191,000 | 40,167,000 | 40,688,000 | 41,501,000 | 41,526,000 | -15,143,000 | 37,760,000 | 38,681,000 | 35,609,000 | 35,485,000 | 41,331,000 | 41,387,000 | 37,954,000 | 46,433,000 | 38,685,000 | 35,959,000 | 34,857,000 | 33,363,000 | 22,730,000 | 18,576,000 | 16,297,000 | 14,923,000 | 14,400,000 | 14,661,000 | 14,419,000 | 15,472,000 | 14,248,000 | 13,801,000 | 15,276,000 | 15,393,000 | 15,184,000 | 16,691,000 | 17,402,000 | 15,159,000 | 17,313,000 | 13,944,000 | 14,641,000 | 14,792,000 | 13,678,000 | 13,265,000 | 12,573,000 | 11,341,000 | 10,222,000 | 7,848,000 | 9,167,000 | 11,746,000 | 11,028,000 | 11,192,000 | 9,978,000 | 9,723,000 | 9,124,000 | 8,277,000 | 8,246,000 | 10,168,000 | 11,003,000 | |||||
reimbursed expenses | 120,000 | 124,000 | 124,000 | 119,000 | 177,000 | 155,000 | 188,000 | 151,000 | 140,000 | 93,000 | 149,000 | 159,000 | 207,000 | 569,000 | 418,000 | 677,000 | 360,000 | 1,327,000 | 383,000 | 398,000 | 368,000 | 364,000 | 373,000 | 322,000 | 521,000 | 735,000 | 1,290,000 | 1,047,000 | 932,000 | 1,025,000 | 955,000 | 860,000 | 942,000 | 860,000 | 895,000 | 907,000 | 865,000 | 796,000 | 795,000 | 798,000 | 870,000 | 916,000 | 686,000 | 717,000 | 1,111,000 | 949,000 | 783,000 | 988,000 | 932,000 | 850,000 | 1,097,000 | 1,359,000 | 1,910,000 | 3,095,000 | 1,235,000 | 1,357,000 | 1,376,000 | 1,371,000 | 1,512,000 | |||||||||||||||||||||||||||||||||
general and administrative expenses | 11,840,000 | 8,685,000 | 9,510,000 | 9,738,000 | 10,709,000 | 9,241,000 | 9,204,000 | 8,907,000 | 9,214,000 | 7,536,000 | 8,336,000 | 8,021,000 | 8,438,000 | 6,762,000 | 6,498,000 | 6,996,000 | 8,063,000 | 7,307,000 | 7,968,000 | 7,313,000 | 6,733,000 | 7,181,000 | 5,658,000 | 8,543,000 | 5,652,000 | 11,321,000 | 5,852,000 | 8,374,000 | 11,460,000 | 3,247,000 | 3,913,000 | 8,071,000 | 6,809,000 | 5,530,000 | 7,193,000 | 8,618,000 | 6,182,000 | 8,291,000 | 4,368,000 | 4,691,000 | 8,492,000 | 4,597,000 | 2,971,000 | 5,936,000 | 3,493,000 | 3,396,000 | 5,021,000 | 5,756,000 | 5,611,000 | 4,683,000 | 6,635,000 | 4,552,000 | 6,069,000 | 5,685,000 | 5,255,000 | 5,645,000 | 6,623,000 | 6,133,000 | 7,400,000 | 9,501,000 | 8,109,000 | 8,589,000 | 9,950,000 | 5,402,000 | 9,180,000 | 9,948,000 | 9,762,000 | 9,441,000 | 13,020,000 | 13,067,000 | 14,385,000 | 12,797,000 | 14,719,000 | 15,604,000 | 14,690,000 | 29,660,000 | 9,095,000 | 9,906,000 | 9,932,000 | 14,867,000 | 8,943,000 | 8,217,000 | 8,676,000 | 8,683,000 | 8,431,000 | 8,605,000 | 7,983,000 | |||||
interest expense | 45,101,000 | 42,456,000 | 41,497,000 | 38,514,000 | 36,774,000 | 33,052,000 | 30,773,000 | 29,743,000 | 28,908,000 | 27,453,000 | 27,008,000 | 25,972,000 | 25,030,000 | 22,083,000 | 18,380,000 | 16,549,000 | 15,525,000 | 16,454,000 | 16,709,000 | 16,656,000 | 17,208,000 | 15,650,000 | 15,058,000 | 13,993,000 | 15,904,000 | 16,384,000 | 14,700,000 | 12,059,000 | 10,820,000 | 10,387,000 | 9,551,000 | 9,714,000 | 9,778,000 | 7,673,000 | 7,587,000 | 8,523,000 | 9,741,000 | 4,193,000 | 7,710,000 | 7,334,000 | 7,414,000 | 7,504,000 | 7,673,000 | 7,869,000 | 7,677,000 | 8,156,000 | 6,817,000 | 6,970,000 | 7,167,000 | 7,384,000 | 5,149,000 | 4,241,000 | 4,935,000 | 5,997,000 | 5,793,000 | 5,875,000 | 6,268,000 | 7,358,000 | 7,544,000 | 8,411,000 | 8,702,000 | 10,286,000 | 9,781,000 | 9,610,000 | 10,793,000 | 10,560,000 | 10,430,000 | 10,804,000 | 8,705,000 | 7,367,000 | 6,275,000 | 5,020,000 | 3,265,000 | 531,000 | 2,625,000 | 4,880,000 | 3,613,000 | 2,535,000 | 1,675,000 | 2,103,000 | 2,781,000 | 2,707,000 | 2,753,000 | 6,268,000 | 6,547,000 | |||||||
operating property impairment | 36,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 108,406,000 | 107,083,000 | 105,272,000 | 100,890,000 | 102,114,000 | 93,616,000 | 89,784,000 | 95,415,000 | 86,230,000 | 79,366,000 | 79,492,000 | 80,269,000 | 75,770,000 | 75,866,000 | 79,116,000 | 69,861,000 | 70,744,000 | 73,693,000 | 72,073,000 | 71,456,000 | 70,870,000 | 72,668,000 | 71,498,000 | 72,868,000 | 71,614,000 | 78,372,000 | 82,012,000 | 50,904,000 | 45,861,000 | 45,546,000 | 45,068,000 | 45,675,000 | 45,093,000 | 44,199,000 | 47,622,000 | 50,040,000 | 54,884,000 | 1,756,000 | 31,843,000 | 32,381,000 | 31,969,000 | 31,852,000 | 32,538,000 | 34,879,000 | 36,147,000 | 38,039,000 | 32,704,000 | 35,135,000 | 34,140,000 | 30,034,000 | 19,003,000 | 15,450,000 | 12,299,000 | 11,033,000 | 11,567,000 | 12,750,000 | 14,136,000 | 13,375,000 | 13,475,000 | 17,501,000 | 13,977,000 | 14,372,000 | 13,895,000 | 13,528,000 | 13,868,000 | 15,381,000 | 13,056,000 | 15,777,000 | 13,272,000 | 12,785,000 | 11,439,000 | 11,861,000 | 10,554,000 | 8,721,000 | 9,520,000 | 2,936,000 | 7,834,000 | 13,689,000 | 10,823,000 | 9,051,000 | 8,572,000 | 9,523,000 | 9,409,000 | 9,466,000 | 8,389,000 | 10,663,000 | 12,378,000 | |||||
expenses: - sum | 285,090,000 | 256,304,000 | 236,866,000 | 223,883,000 | 227,352,000 | 209,506,000 | 196,281,000 | 205,453,000 | 196,239,000 | 178,376,000 | 180,446,000 | 181,996,000 | 181,043,000 | 171,183,000 | 171,275,000 | 156,724,000 | 159,790,000 | 163,073,000 | 162,908,000 | 160,363,000 | 162,164,000 | 172,789,000 | 156,154,000 | 157,962,000 | 159,160,000 | 175,131,000 | 170,845,000 | 169,540,000 | 112,743,000 | 102,501,000 | 101,159,000 | 105,232,000 | 103,224,000 | 99,324,000 | 103,731,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated joint ventures | -2,642,000 | -1,538,000 | -2,682,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on investment property transaction | -47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -24,670,000 | -3,277,000 | 8,778,000 | 14,658,000 | 21,093,000 | 13,813,000 | 11,356,000 | 7,961,000 | 13,451,000 | 18,892,000 | 19,491,000 | 23,077,000 | 22,356,000 | 24,349,000 | 80,769,000 | 34,164,000 | 28,163,000 | 167,489,000 | 54,136,000 | 28,060,000 | 29,311,000 | 11,314,000 | 28,255,000 | 23,236,000 | 175,309,000 | 118,568,000 | 20,692,000 | -22,582,000 | 36,005,000 | 22,751,000 | 19,859,000 | 21,749,000 | 16,406,000 | 31,871,000 | 12,285,000 | 170,945,000 | 4,858,000 | 37,886,000 | 11,657,000 | 7,765,000 | 22,796,000 | 56,855,000 | 53,620,000 | 7,951,000 | 7,203,000 | 23,848,000 | 19,414,000 | 2,614,000 | 7,132,000 | 4,066,000 | 65,037,000 | 819,000 | 56,904,000 | 35,765,000 | 13,278,000 | 10,230,000 | -11,354,000 | -798,000 | -4,049,000 | -4,969,000 | -4,460,000 | -4,784,000 | 2,180,000 | -3,946,000 | -53,329,000 | -77,388,000 | 164,210,000 | -618,000 | 10,790,000 | 6,723,000 | 5,652,000 | -1,166,000 | 11,661,000 | 4,207,000 | 18,220,000 | 41,887,000 | 178,267,000 | 329,000 | 12,208,000 | 16,390,000 | 13,735,000 | 10,278,000 | 9,338,000 | 120,684,000 | 226,676,000 | 47,644,000 | 12,780,000 | |||||
yoy | -216.96% | -123.72% | -22.70% | 84.12% | 56.81% | -26.88% | -41.74% | -65.50% | -39.83% | -22.41% | -75.87% | -32.45% | -20.62% | -85.46% | 49.20% | 21.75% | -3.92% | 1380.37% | 91.60% | 20.76% | -83.28% | -90.46% | 36.55% | -202.90% | 386.90% | 421.16% | 4.19% | -203.83% | 119.46% | -28.62% | 61.65% | -87.28% | 237.71% | -15.88% | 5.39% | 2101.48% | -78.69% | -33.36% | -78.26% | -2.34% | 216.48% | 138.41% | 176.19% | 204.17% | 1.00% | 486.52% | -70.15% | 219.17% | -87.47% | -88.63% | 389.81% | -91.99% | -601.18% | -1381.95% | 180.41% | -83.32% | -285.73% | 25.92% | -91.64% | -93.82% | -98.67% | 538.51% | -594.24% | -1251.09% | 2805.34% | -47.00% | -7.47% | 59.81% | -68.98% | -102.78% | -93.46% | 1178.72% | 49.25% | 155.56% | 1197.90% | -96.80% | 30.73% | -86.42% | -93.94% | -78.43% | -26.93% | |||||||||||
qoq | 652.82% | -137.33% | -40.11% | -30.51% | 52.70% | 21.64% | 42.65% | -40.81% | -28.80% | -3.07% | -15.54% | 3.23% | -8.19% | -69.85% | 136.42% | 21.31% | -83.19% | 209.39% | 92.93% | -4.27% | 159.07% | -59.96% | 21.60% | -86.75% | 47.86% | 473.01% | -191.63% | -162.72% | 58.26% | 14.56% | -8.69% | 32.57% | -48.52% | 159.43% | -92.81% | 3418.83% | -87.18% | 225.01% | 50.12% | -65.94% | -59.91% | 6.03% | 574.38% | 10.38% | -69.80% | 22.84% | 642.69% | -63.35% | 75.41% | -93.75% | 7841.03% | -98.56% | 59.11% | 169.36% | 29.79% | -190.10% | -80.29% | -18.51% | 11.41% | -6.77% | -319.45% | -155.25% | -92.60% | -31.09% | -147.13% | -26671.20% | -105.73% | 60.49% | 18.95% | -584.73% | -110.00% | 177.18% | -76.91% | -56.50% | -76.50% | 54084.50% | -97.31% | -25.52% | 19.33% | 33.63% | 10.07% | -92.26% | -46.76% | 375.77% | 272.80% | |||||||
net income attributable to noncontrolling interests | -186,000 | -190,000 | -188,000 | -175,000 | -196,000 | -177,000 | -158,000 | -121,000 | -163,000 | -107,000 | -130,000 | -456,000 | -160,000 | -231,000 | -130,000 | -179,000 | -184,000 | -118,000 | -201,000 | -195,000 | -140,000 | -366,000 | -1,456,000 | -318,000 | -664,000 | -391,000 | -374,000 | -473,000 | -363,000 | -503,000 | -218,000 | -2,856,000 | -107,000 | -628,000 | -92,000 | -129,000 | -155,000 | -681,000 | -581,000 | -734,000 | -696,000 | -584,000 | -526,000 | -611,000 | -531,000 | -698,000 | -412,000 | |||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | -24,856,000 | -3,467,000 | 8,590,000 | 14,483,000 | 20,897,000 | 13,636,000 | 11,198,000 | 7,840,000 | 13,288,000 | 18,785,000 | 19,361,000 | 22,621,000 | 22,196,000 | 24,118,000 | 80,639,000 | 34,052,000 | 27,984,000 | 167,305,000 | 54,018,000 | 28,153,000 | 29,110,000 | 11,119,000 | 28,115,000 | 23,101,000 | 174,943,000 | 117,112,000 | 20,374,000 | -22,409,000 | 35,341,000 | 22,360,000 | 19,485,000 | 21,276,000 | 16,043,000 | 31,368,000 | 12,067,000 | 168,089,000 | 4,751,000 | 56,744,000 | 53,620,000 | 7,951,000 | 7,203,000 | 23,220,000 | 19,322,000 | -2,223,000 | 5,200,000 | 2,122,000 | 59,381,000 | -5,579,000 | 53,170,000 | 30,088,000 | 9,444,000 | 6,401,000 | -8,930,000 | -8,382,000 | -8,595,000 | -1,573,000 | -7,782,000 | -57,088,000 | -81,313,000 | 160,571,000 | -4,138,000 | 6,978,000 | 2,911,000 | 1,839,000 | -4,979,000 | 7,849,000 | 395,000 | 14,407,000 | 38,074,000 | 174,455,000 | -3,483,000 | 8,395,000 | 12,577,000 | 9,923,000 | 6,466,000 | 5,525,000 | 118,454,000 | 224,739,000 | 45,707,000 | 10,842,000 | ||||||||||||
net income per common share — basic and diluted | -150 | -20 | 50 | 90 | 120 | 90 | 70 | 90 | 130 | 130 | 150 | 160 | 530 | 230 | 190 | 190 | 160 | 900 | 140 | -200 | 80 | 35 | 50 | 50 | 40 | -20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares — basic | 166,399,000 | 167,919,000 | 167,967,000 | 167,930,000 | 167,809,000 | 153,413,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares — diluted | 166,399,000 | 168,716,000 | 168,738,000 | 168,765,000 | 168,593,000 | 154,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on investment property transactions | -3,000 | 101,000 | -1,000 | 507,000 | 52,000 | -20,000 | 28,000 | 139,510,000 | 13,063,000 | -9,000 | -17,000 | -67,000 | -523,000 | -201,000 | 90,916,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures | -1,587,000 | -1,883,000 | -2,008,000 | -1,575,000 | 439,000 | 348,000 | 291,000 | 582,000 | 753,000 | 673,000 | 662,000 | 634,000 | 5,280,000 | 1,124,000 | 975,000 | 2,128,000 | 1,795,000 | 1,903,000 | 1,196,000 | 1,611,000 | 1,715,000 | 3,425,000 | 2,887,000 | 3,241,000 | 3,634,000 | 2,904,000 | 2,051,000 | 2,252,000 | 5,036,000 | 2,885,000 | 3,753,000 | 2,461,000 | 40,320,000 | 581,000 | 5,418,000 | 1,527,000 | 1,784,000 | 1,834,000 | 1,214,000 | 3,716,000 | 1,761,000 | 1,611,000 | 5,925,000 | 2,030,000 | 2,027,000 | 1,286,000 | 1,463,000 | 63,078,000 | 1,132,000 | 1,652,000 | 25,041,000 | 2,269,000 | 9,762,000 | 2,186,000 | 2,312,000 | 2,496,000 | 2,920,000 | 1,820,000 | 1,168,000 | 3,497,000 | 2,239,000 | 2,817,000 | -815,000 | -898,000 | 4,101,000 | 3,708,000 | 10,201,000 | 142,355,000 | 8,404,000 | 12,123,000 | 20,164,000 | 10,008,000 | 5,608,000 | 5,175,000 | 79,565,000 | 106,676,000 | 9,196,000 | 9,056,000 | ||||||||||||||
weighted-average shares — basic | 152,140,000 | 152,095,000 | 151,945,000 | 151,714,000 | 151,774,000 | 151,721,000 | 151,579,000 | 150,113,000 | 151,435,000 | 148,837,000 | 148,739,000 | 148,666,000 | 148,688,000 | 148,665,000 | 148,624,000 | 148,277,000 | 148,566,000 | 148,548,000 | 147,424,000 | 128,060,000 | 146,762,000 | 112,926,000 | 420,510,000 | 420,305,000 | 420,385,000 | 420,294,000 | 420,154,000 | 415,610,000 | 419,998,000 | 419,402,000 | 402,781,000 | 253,895,000 | 210,170,000 | 210,129,000 | 210,904,000 | 215,827,000 | 216,261,000 | 216,630,000 | 216,568,000 | 204,216,000 | 209,839,000 | 198,440,000 | 191,739,000 | 144,255,000 | 163,426,000 | 118,661,000 | 104,119,000 | 104,193,000 | 101,440,000 | 51,202,000 | 50,630 | 50,385 | 50,289 | 50,079 | 49,924 | 49,788 | ||||||||||||||||||||||||||||||||||||
weighted-average shares — diluted | 152,812,000 | 152,614,000 | 152,385,000 | 152,040,000 | 152,048,000 | 152,126,000 | 151,880,000 | 150,419,000 | 151,695,000 | 149,142,000 | 149,002,000 | 148,891,000 | 148,772,000 | 148,740,000 | 148,725,000 | 148,636,000 | 148,606,000 | 148,580,000 | 148,561,000 | 129,831,000 | 148,530,000 | 114,670,000 | 427,607,000 | 427,473,000 | 427,520,000 | 427,501,000 | 427,695,000 | 423,297,000 | 427,300,000 | 427,180,000 | 411,186,000 | 256,023,000 | 210,326,000 | 210,362,000 | 210,974,000 | 215,979,000 | 216,374,000 | 216,766,000 | 216,754,000 | 204,460,000 | 210,111,000 | 198,440,000 | 191,952,000 | 144,420,000 | 163,603,000 | 118,661,000 | 104,252,000 | 104,203,000 | 101,440,000 | 51,621,000 | 52,428 | 50,385 | 52,002 | 52,013 | 51,586 | 51,653 | ||||||||||||||||||||||||||||||||||||
net income per common share — basic | 50 | 150 | 187.5 | 360 | 200 | 382.5 | 190 | 1,190 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share — diluted | 50 | 150 | 187.5 | 360 | 200 | 380 | 190 | 1,180 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of investments in unconsolidated joint ventures | 7,000 | 56,260,000 | -77,000 | 13,121,000 | 39,000 | -173,000 | -59,000 | -231,000 | 46,230,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -25,000 | -100,000 | -85,000 | -23,500 | -94,000 | -592,000 | 446,000 | 15,443,000 | 2,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on investment property transactions | -2,000 | -69,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to noncontrolling interests | -112,000 | 93,000 | -135,000 | 173,000 | -1,225,250 | -3,879,000 | -515,000 | -507,000 | 64,750 | -608,000 | -602,000 | 1,469,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction costs | 63,000 | 365,000 | 2,003,000 | 1,048,000 | 49,827,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties | 3,597,000 | -27,000 | 1,304,000 | 13,111,000 | 525,000 | -33,000 | 5,317,000 | 13,330,000 | -33,000 | 119,832,000 | -70,000 | 63,170,000 | -246,000 | 14,190,000 | 42,720,000 | 37,145,000 | -576,000 | 1,105,000 | 10,967,000 | 81,000 | 1,327,000 | 161,000 | -96,000 | 3,801,000 | 406,000 | 57,177,000 | 3,907,000 | 60,000 | 29,000 | 57,000 | 59,000 | 59,000 | 63,000 | 58,000 | 1,061,000 | 756,000 | 168,484,000 | 7,000 | 146,000 | 81,000 | 9,872,000 | 8,164,000 | 13,598,500 | 54,068,000 | 135,000 | 191,000 | 276,750 | 1,070,000 | 37,000 | 16,984,750 | 67,291,000 | 648,000 | ||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | 93,000 | 429,000 | 1,829,000 | 3,124,500 | 12,498,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition costs | 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition and transaction costs | 20,000 | 137,000 | 91,000 | 162,000 | -677,000 | 246,000 | 1,930,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before unconsolidated joint ventures and gain on sale of investment properties | 20,175,000 | 17,640,000 | 14,788,000 | 9,857,000 | 10,793,000 | 4,347,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before gain on sale of investment properties | 22,226,000 | 19,892,000 | 16,432,000 | 16,778,000 | 18,541,000 | 12,318,000 | 51,113,000 | 4,928,000 | -44,447,000 | 11,657,000 | 8,011,000 | 8,606,000 | 14,156,000 | 16,469,000 | 8,533,000 | 6,663,000 | 12,901,000 | 5,992,000 | 707,000 | -705,000 | 52,087,000 | 47,000 | 17,763,000 | 4,014,000 | 8,973,000 | -3,796,000 | 1,424,000 | -3,936,000 | -53,745,000 | -78,335,000 | -3,217,000 | -3,580,000 | 9,834,000 | 1,475,000 | 1,860,000 | 2,724,000 | 1,403,000 | 3,967,000 | 5,481,000 | 9,615,000 | 123,301,000 | 133,000 | 11,212,000 | 13,926,000 | 11,494,000 | 4,591,000 | 2,406,000 | 77,340,000 | 107,373,000 | 10,328,000 | 9,699,000 | |||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 65 | 65 | 65 | 65 | 60 | 60 | 60 | 120 | 80 | 80 | 80 | 60 | 80 | 80 | 80 | 56.25 | 75 | 75 | 75 | 33.75 | 45 | 45 | 33.75 | 45 | 45 | 45 | 45 | 45 | 67.5 | 90 | 90 | 90 | 90 | 150 | 250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before unconsolidated joint ventures and loss on sale of investment properties | 11,396,000 | 13,893,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of investment properties | -372,000 | -384,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 31,871,000 | 12,285,000 | 170,945,000 | 4,858,000 | 18,723,000 | 11,657,000 | 7,765,000 | 22,796,000 | 56,876,000 | 53,614,000 | 7,957,000 | 7,768,000 | 23,868,000 | 6,073,000 | 2,034,000 | -125,000 | -801,000 | 55,888,000 | 453,000 | 56,895,000 | 21,670,000 | 4,074,000 | 9,002,000 | -3,737,000 | -5,634,000 | -11,057,000 | -6,354,000 | 2,180,000 | -3,940,000 | -53,339,000 | -77,534,000 | 164,217,000 | -3,172,000 | 11,221,000 | 6,687,000 | 5,652,000 | -1,239,000 | 1,758,000 | 4,007,000 | 9,921,000 | 11,517,000 | 123,545,000 | 194,000 | 12,017,000 | 16,458,000 | 12,290,000 | 10,169,000 | 9,233,000 | 106,748,000 | 157,455,000 | 46,828,000 | 11,765,000 | ||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -21,000 | 6,000 | -6,000 | -14,000 | -6,000 | 348,000 | 566,000 | 892,000 | 1,905,000 | 803,000 | 280,000 | 3,892,000 | 1,760,000 | 554,000 | 104,000 | 40,000 | 72,000 | 11,000 | 25,000 | 1,570,000 | -1,000 | 3,000 | -1,096,980 | 36,000 | -8,000 | 31,000 | 200,000 | 135,000 | -1,731,000 | 654,000 | 2,000 | 375,000 | 109,000 | 68,000 | -52,000 | 1,930,000 | 816,000 | 367,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share information — basic and diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses: - sum | 110,071,000 | 115,532,000 | 25,238,000 | 84,589,000 | 86,461,000 | 84,479,000 | 80,676,000 | 85,393,000 | 91,131,000 | 86,924,000 | 99,081,000 | 85,135,000 | 85,834,000 | 83,307,000 | 76,806,000 | 63,065,000 | 45,242,000 | 43,201,000 | 42,951,000 | 41,923,000 | 45,969,000 | 60,830,000 | 48,601,000 | 55,312,000 | 63,906,000 | 56,491,000 | 62,430,000 | 71,690,000 | 71,468,000 | 70,032,000 | 101,244,000 | 58,065,000 | 61,066,000 | 62,251,000 | 49,392,000 | 48,478,000 | 45,618,000 | 45,978,000 | 38,040,000 | 36,000,000 | 46,051,000 | 49,349,000 | 58,141,000 | 44,411,000 | 45,967,000 | 42,618,000 | 33,372,000 | 31,543,000 | 33,926,000 | 31,016,000 | 39,806,000 | 41,191,000 | ||||||||||||||||||||||||||||||||||||||||
acquisition and merger costs | 20,138,000 | 1,940,000 | 2,424,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties | 5,782,500 | 10,130,000 | 6,227,000 | 6,772,000 | 6,772,000 | 5,052,000 | 6,976,000 | 3,963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income on sale from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from discontinued operations | -86,000 | -7,000 | -294,750 | -431,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale from discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition and related costs | 19,000 | 195,000 | 19,000 | 2,000 | 83,000 | 315,000 | 644,000 | 149,000 | 22,000 | 57,000 | 6,859,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes, unconsolidated joint ventures, and gain on sale of investment properties | 6,144,250 | 12,753,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit for income taxes from operations | -1,000 | 9,000 | 12,000 | 29,000 | -60,000 | -33,000 | -27,000 | -27,000 | 64,000 | -28,000 | -25,000 | -14,000 | 1,146,000 | 3,065,000 | -54,000 | -11,293,000 | 3,941,000 | 4,293,000 | -916,000 | 2,176,000 | 3,217,000 | 517,000 | 1,806,000 | 1,073,000 | 1,027,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale from discontinued operations | -551,000 | -14,000 | 12,993,000 | 14,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations: - sum | -21,000 | 6,000 | -6,000 | -565,000 | -20,000 | 13,341,000 | 580,000 | 7,257,000 | 4,867,000 | 9,149,000 | 366,000 | 9,000 | 14,095,000 | 9,204,000 | 1,228,000 | 190,000 | 40,000 | -312,000 | 665,000 | 6,597,000 | 1,570,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to controlling interests | 56,744,000 | 53,620,000 | 7,951,000 | 7,203,000 | 23,220,000 | 19,322,000 | 2,485,000 | 6,977,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends to preferred stockholders | -1,178,000 | -1,777,000 | -1,777,000 | -1,777,000 | -3,227,000 | -3,227,000 | -3,227,000 | -3,226,000 | -3,227,000 | -3,227,000 | -3,227,000 | -3,227,000 | -3,227,000 | -3,226,000 | -3,227,000 | -3,227,000 | -3,225,000 | -3,228,000 | -3,227,000 | -3,227,000 | -3,520,000 | -3,812,000 | -3,812,000 | -3,813,000 | -3,813,000 | -3,812,000 | -3,812,000 | -3,813,000 | -3,813,000 | -3,812,000 | -3,812,000 | -3,813,000 | -3,813,000 | -3,812,000 | -3,812,000 | -3,813,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred share original issuance costs | -3,530,000 | -2,656,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to controlling interest | 260 | 250 | 40 | 40 | 30 | -10 | -10 | -90 | 310 | -50 | 510 | 50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
separation expenses | 102,000 | 101,000 | 84,000 | 520,000 | 1,119,000 | 574,000 | 79,000 | 213,000 | 77,000 | 101,000 | 742,000 | 202,000 | 33,000 | 68,000 | 163,000 | 724,000 | 2,026,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before taxes, unconsolidated joint ventures, and sale of investment properties | -1,329,000 | -1,584,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before gain on sale of investment properties | -286,000 | -282,000 | -11,601,000 | -897,000 | -4,563,500 | -11,115,000 | -7,415,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land sales | 387,750 | 155,000 | 433,000 | 963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land cost of sales | 385,750 | 147,000 | 433,000 | 963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before taxes, unconsolidated joint ventures and sale of investment properties | -3,600,250 | -10,990,000 | -1,084,000 | -1,933,000 | -756,000 | -13,760,000 | -3,182,000 | -6,356,000 | -7,669,000 | -13,269,000 | -9,795,000 | -2,642,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes from operations | -750 | -1,000 | -1,000 | -1,000 | 108,000 | -7,000 | -1,926,000 | -2,370,000 | -3,809,000 | -2,021,000 | -1,057,000 | -852,000 | -1,178,000 | -713,000 | -17,000 | 836,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to controlling interest | 29,465,500 | 61,158,000 | 304,000 | 56,397,000 | 33,315,000 | 12,670,000 | 9,628,000 | -4,630,000 | -5,703,000 | -5,156,000 | -5,368,000 | 1,654,000 | -4,557,000 | -53,860,000 | -78,086,000 | 163,798,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends per common share | 45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued operations | 95,000 | 10,203,000 | 7,444,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot sales | 554,000 | 732,000 | 535,000 | 949,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot and outparcel cost of sales | 333,500 | 354,000 | 416,000 | 564,000 | 76,000 | 69,000 | 779,000 | 549,000 | 275,000 | 9,096,000 | 291,000 | 979,000 | 1,730,000 | 81,000 | 1,917,000 | 832,000 | 946,000 | 2,125,000 | 3,344,000 | 1,085,000 | 1,208,000 | 3,825,000 | 3,425,000 | 2,298,000 | 3,203,000 | 3,912,000 | 8,350,000 | 3,023,000 | 1,119,000 | 4,120,000 | 2,219,000 | 3,178,000 | 2,490,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | 488,000 | 12,233,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes, unconsolidated joint ventures and sale of investment properties | -1,300,000 | 1,805,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
third party management and leasing revenues | 6,029,000 | 4,711,000 | 4,605,000 | 4,088,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
third party management and leasing expenses | 4,607,000 | 4,300,000 | 4,080,000 | 4,093,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued investment properties | 674,000 | 86,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares — basic and diluted | 104,165,000 | 104,000,000 | 103,659,000 | 103,515,000 | 101,893,000 | 101,001,000 | 100,069,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family residential unit sales | 7,000 | 4,657,000 | 9,716,000 | 6,637,000 | 7,943,000 | 10,146,000 | 20,428,000 | 9,228,000 | 20,000 | 393,000 | 1,026,000 | 15,136,000 | 6,579,000 | 6,247,000 | 4,986,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family residential unit cost of sales | -13,000 | 2,500,000 | 7,749,000 | 5,190,000 | 6,108,000 | 7,970,000 | 17,072,000 | 7,372,000 | -100,000 | 23,000 | 322,000 | 1,346,000 | 12,377,000 | 5,358,000 | 5,131,000 | 4,274,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations | -11,544,000 | -838,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to controlling interest | -9,885,000 | -1,479,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss available to common stockholders | -13,112,000 | -4,706,000 | -7,857,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations attributable to controlling interest | -130 | -50 | -70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot and outparcel sales | 80,000 | 165,000 | 1,178,000 | 630,000 | 316,000 | 13,819,000 | 395,000 | 1,150,000 | 2,548,000 | 247,000 | 3,747,000 | 1,255,000 | 1,744,000 | 2,496,000 | 4,551,000 | 1,476,000 | 1,426,000 | 5,078,000 | 4,572,000 | 3,129,000 | 4,505,000 | 4,927,000 | 10,946,000 | 4,449,000 | 1,611,000 | 5,105,000 | 3,341,000 | 4,366,000 | 3,888,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 3,508,000 | 1,968,000 | 586,000 | 10,128,000 | 4,012,000 | 36,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss available to common stockholders — basic and diluted | -50 | -80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursed general and administrative expenses | 3,773,000 | 3,522,000 | 3,591,000 | 4,418,000 | 3,269,000 | 3,979,000 | 4,030,000 | 4,228,000 | 4,534,000 | 4,006,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt and interest rate swaps | -9,235,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in net income from unconsolidated joint ventures | 2,000,000 | 2,179,000 | 2,394,000 | 1,698,000 | -19,926,000 | -1,231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss on investment in unconsolidated joint ventures | -12,764,500 | -22,928,000 | -28,130,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures: - sum | 2,000,000 | 2,179,000 | 2,394,000 | 1,698,000 | -42,854,000 | -29,361,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders — basic and diluted | -90 | -80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common shareholders — basic and diluted | -90 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other | 124,000 | 79,000 | 675,000 | 1,285,000 | 986,000 | 867,000 | 991,000 | 940,000 | 1,360,000 | 1,490,000 | 439,000 | 840,000 | 3,679,000 | -271,000 | 400,000 | 861,000 | 2,683,000 | 427,000 | 740,000 | 414,000 | 305,000 | 879,000 | 1,094,000 | 107,000 | 448,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes, income from unconsolidated joint ventures and gain on sale of investment properties | -14,374,000 | -10,837,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties, net of applicable income tax provision | 42,160,250 | 406,000 | 801,000 | 167,434,000 | 408,000 | 1,387,000 | 5,212,000 | 3,792,000 | 1,214,250 | 355,000 | 40,000 | 4,440,000 | 1,902,000 | 244,000 | 61,000 | 805,000 | 2,532,000 | 796,000 | 5,578,000 | 6,827,000 | 29,408,000 | 50,082,000 | 36,500,000 | 2,066,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of applicable income tax provision: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of applicable income tax provision: - sum | 37,250 | 10,000 | 146,000 | 2,554,000 | -431,000 | 36,000 | 4,583,750 | 9,903,000 | 200,000 | 8,299,000 | 30,370,000 | 54,722,000 | 135,000 | 191,000 | -68,000 | 1,445,000 | 109,000 | 105,000 | 1,015,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share information — basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income available to common stockholders | -180 | -950 | -1,560 | -80 | 140 | 60 | 40 | 339.56 | 0.15 | 0.01 | 0.28 | 2,400 | 4,580 | 940 | 220 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share information — diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income available to common stockholders | -180 | -950 | -1,560 | -80 | 140 | 60 | 40 | 339.57 | 0.15 | 0.01 | 0.27 | 7,834.44 | 4.41 | 0.91 | 220 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot, multi-family and outparcel sales | 4,513,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot, multi-family and outparcel cost of sales | 3,208,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before taxes, income from unconsolidated joint ventures and gain on sale of investment properties | -37,681,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from continuing operations before taxes, income from unconsolidated joint ventures and noncontrolling interests | -8,978,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share-basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share-diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | 250 | 250 | 370 | 370 | 370 | 1,478.89 | 0.37 | 0.37 | 0.37 | 3.77 | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 8,628.89 | 0.37 | 0.37 | 370 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares | 51,350,000 | 51,209,000 | 51,187,000 | 51,148,000 | 51,705,000 | 51,690 | 51,825 | 51,719 | 50,655 | 49,989 | 49,005,000 | 49,060 | 48,750 | 48,637,000 | 48,313,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average shares | 51,350,000 | 51,652,000 | 52,040,000 | 51,670,000 | 51,705,000 | 51,690 | 53,306 | 53,596 | 52,513 | 51,747 | 51,016,000 | 50,943 | 50,405 | 50,421,000 | 49,415,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family residential sales | 2,985,000 | 5,459,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family residential cost of sales | 2,615,000 | 4,715,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes, minority interest and income from unconsolidated joint ventures | 652,750 | 8,019,000 | -2,689,000 | -3,503,000 | 374,250 | 209,000 | -365,000 | 1,608,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in income of consolidated subsidiaries | -690,000 | -766,000 | -251,000 | -671,000 | -842,000 | -862,000 | -840,000 | -899,000 | -1,313,000 | -1,078,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in loss of consolidated subsidiaries | -354,500 | 286,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share information — basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share information — diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes and income from unconsolidated joint ventures | -5,421,000 | -18,148,000 | -5,032,000 | 2,537,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development income | 451,000 | 623,000 | 684,000 | 497,000 | 1,129,000 | 624,000 | 1,045,000 | 512,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees | 1,683,750 | 2,141,000 | 2,287,000 | 2,307,000 | 2,248,000 | 2,242,000 | 2,140,000 | 2,074,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasing and other fees | 1,020,750 | 2,037,000 | 998,000 | 1,048,000 | 1,520,000 | 1,518,000 | 782,000 | 643,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes and income from unconsolidated joint ventures | 419,250 | 3,507,000 | 40,000 | -1,917,000 | -1,047,000 | 1,410,000 | 1,149,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property taxes on undeveloped land | 139,000 | 108,000 | 210,000 | 154,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of applicable income taxes: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of applicable income taxes: - sum | 17,994,500 | 69,221,000 | 816,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends | 2,230,000 | 1,937,000 | 1,937,000 | 1,938,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per common share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 10,535,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per common share: |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 | 2003-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,960,227 and 1,922,394 in 2026 and 2025, respectively | 8,114,853,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 135,869,000 | 135,870,000 | 154,724,000 | 154,725,000 | 154,725,000 | 154,726,000 | 154,727,000 | 154,727,000 | 154,728,000 | 154,728,000 | 154,729,000 | 158,429,000 | 158,430,000 | 158,430,000 | 158,431,000 | 157,680,000 | 157,680,000 | 157,681,000 | 150,766,000 | 153,938,000 | 170,579,000 | 162,406,000 | 108,213,000 | 97,196,000 | 97,354,000 | 116,860,000 | 113,578,000 | 110,212,000 | 35,868,000 | 72,563,000 | 4,221,000 | 4,221,000 | 4,221,000 | 4,221,000 | 4,221,000 | 4,221,000 | 4,221,000 | 4,221,000 | 9,669,000 | 17,768,000 | 17,768,000 | 17,829,000 | 17,829,000 | 12,355,000 | 20,971,000 | 21,646,000 | 26,831,000 | 26,790,000 | 34,727,000 | 35,053,000 | 42,187,000 | ||||||||||||||||||||||||||||||||||||||
real estate assets: - sum | 8,250,722,000 | 8,030,716,000 | 8,105,334,000 | 7,902,022,000 | 7,934,987,000 | 7,940,323,000 | 7,060,683,000 | 7,072,297,000 | 7,091,938,000 | 7,062,705,000 | 7,011,793,000 | 7,023,091,000 | 7,022,422,000 | 7,008,184,000 | 6,991,597,000 | 6,878,514,000 | 6,861,501,000 | 6,839,394,000 | 6,478,094,000 | 6,185,489,000 | 6,442,511,000 | 6,452,341,000 | 6,304,976,000 | 6,313,947,000 | 6,206,105,000 | 6,196,281,000 | 6,017,296,000 | 5,992,645,000 | 3,785,265,000 | 3,699,791,000 | 3,632,542,000 | 3,632,582,000 | 3,614,802,000 | 3,617,822,000 | 3,742,644,000 | 3,687,045,000 | 3,645,321,000 | 3,599,130,000 | 2,135,985,000 | 2,267,105,000 | 2,248,619,000 | 2,240,500,000 | 2,231,602,000 | 2,231,653,000 | 2,303,038,000 | 2,294,945,000 | 1,967,045,000 | 1,900,989,000 | 1,891,629,000 | 1,885,171,000 | 737,199,000 | ||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale | 23,237,000 | 61,489,000 | 260,247,000 | 134,184,000 | 29,193,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 6,296,000 | 5,720,000 | 4,675,000 | 416,840,000 | 5,330,000 | 7,349,000 | 76,143,000 | 5,954,000 | 5,452,000 | 6,047,000 | 6,926,000 | 8,031,000 | 3,585,000 | 5,145,000 | 5,507,000 | 4,057,000 | 7,000,000 | 8,937,000 | 5,532,000 | 9,792,000 | 14,576,000 | 4,290,000 | 36,872,000 | 28,255,000 | 124,632,000 | 15,603,000 | 12,396,000 | 11,885,000 | 3,456,000 | 2,547,000 | 82,706,000 | 110,232,000 | 108,152,000 | 148,929,000 | 62,167,000 | 16,420,000 | 35,755,000 | 35,687,000 | 97,241,000 | 946,000 | 5,464,000 | 2,003,000 | 5,331,000 | 1,972,000 | 4,388,000 | 7,210,000 | 6,257,000 | 29,080,000 | 975,000 | 5,408,000 | 4,925,000 | 6,042,000 | 176,892,000 | 5,469,000 | 3,009,000 | 4,002,000 | 4,858,000 | 5,634,000 | 4,349,000 | 5,097,000 | 7,599,000 | 9,211,000 | 17,137,000 | 30,349,000 | 9,464,000 | 119,596,000 | 54,121,000 | 59,662,000 | 82,963,000 | 54,641,000 | 8,323,000 | 58,908,000 | 4,997,000 | 16,913,000 | 8,641,000 | 11,538,000 | 66,150,000 | 16,116,000 | 9,479,000 | 9,336,000 | 5,821,000 | 13,161,000 | 22,702,000 | 89,490,000 | |||||
investments in real estate debt, at fair value | 19,586,000 | 37,804,000 | 36,766,000 | 17,014,000 | 16,635,000 | 167,219,000 | 28,636,000 | 27,585,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 15,946,000 | 17,578,000 | 11,704,000 | 10,800,000 | 11,231,000 | 11,491,000 | 11,788,000 | 16,348,000 | 8,135,000 | 11,109,000 | 12,867,000 | 12,466,000 | 9,634,000 | 8,653,000 | 7,195,000 | 9,688,000 | 16,790,000 | 12,553,000 | 13,205,000 | 22,626,000 | 21,679,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred rents receivable | 278,450,000 | 269,282,000 | 263,867,000 | 255,119,000 | 244,286,000 | 232,078,000 | 226,299,000 | 221,268,000 | 217,926,000 | 209,370,000 | 203,561,000 | 196,349,000 | 192,713,000 | 184,043,000 | 175,511,000 | 166,654,000 | 160,501,000 | 154,866,000 | 152,278,000 | 146,712,000 | 145,433,000 | 138,341,000 | 132,689,000 | 119,982,000 | 109,458,000 | 102,314,000 | 101,213,000 | 96,659,000 | 91,240,000 | 83,116,000 | 76,494,000 | 71,576,000 | 65,995,000 | 58,158,000 | 53,483,000 | 47,240,000 | 39,833,000 | 39,464,000 | 60,094,000 | 74,224,000 | 70,790,000 | 67,258,000 | 63,738,000 | 63,755,000 | 64,161,000 | 57,939,000 | 52,985,000 | 51,555,000 | 46,963,000 | 39,969,000 | 37,140,000 | 34,707,000 | 33,856,000 | 39,378,000 | 37,840,000 | 39,630,000 | |||||||||||||||||||||||||||||||||
investments in unconsolidated joint ventures | 213,988,000 | 215,301,000 | 215,507,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 183,796,000 | 164,738,000 | 171,721,000 | 159,156,000 | 165,350,000 | 171,989,000 | 93,712,000 | 98,472,000 | 105,559,000 | 110,667,000 | 116,092,000 | 121,887,000 | 129,838,000 | 136,240,000 | 143,121,000 | 151,550,000 | 159,853,000 | 168,553,000 | 158,189,000 | 155,918,000 | 177,146,000 | 189,164,000 | 209,434,000 | 224,066,000 | 240,286,000 | 257,649,000 | 255,613,000 | 283,139,000 | 146,994,000 | 145,883,000 | 155,025,000 | 164,753,000 | 175,159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | 95,822,000 | 87,504,000 | 90,907,000 | 98,492,000 | 94,036,000 | 86,219,000 | 91,140,000 | 97,731,000 | 98,761,000 | 90,745,000 | 92,820,000 | 94,969,000 | 88,057,000 | 81,912,000 | 65,521,000 | 65,215,000 | 59,912,000 | 48,689,000 | 57,479,000 | 51,212,000 | 56,044,000 | 49,939,000 | 52,403,000 | 55,316,000 | 62,057,000 | 59,449,000 | 71,270,000 | 60,661,000 | 46,081,000 | 39,083,000 | 31,943,000 | 31,216,000 | 31,884,000 | 20,854,000 | 28,170,000 | 29,280,000 | 32,457,000 | 29,083,000 | 22,950,000 | 36,163,000 | 39,196,000 | 38,472,000 | 37,118,000 | 39,360,000 | 42,652,000 | 34,930,000 | 55,481,000 | 35,773,000 | 33,636,000 | 29,894,000 | 208,885,000 | 87,454,000 | 85,415,000 | 58,215,000 | 65,148,000 | 55,358,000 | 57,110,000 | 52,720,000 | 35,916,000 | 35,510,000 | 41,925,000 | 44,264,000 | 45,433,000 | 47,517,000 | 49,609,000 | 47,353,000 | 60,701,000 | 66,908,000 | 84,200,000 | 83,330,000 | 84,094,000 | 84,922,000 | 76,332,000 | 64,978,000 | 56,507,000 | 58,949,000 | 65,094,000 | ||||||||||||
total assets | 9,087,843,000 | 8,890,132,000 | 8,900,481,000 | 9,051,863,000 | 8,663,360,000 | 8,802,146,000 | 7,770,531,000 | 7,700,528,000 | 7,682,981,000 | 7,634,474,000 | 7,585,309,000 | 7,595,785,000 | 7,582,970,000 | 7,537,016,000 | 7,496,072,000 | 7,380,124,000 | 7,360,095,000 | 7,312,034,000 | 6,977,364,000 | 6,945,970,000 | 7,106,182,000 | 7,107,398,000 | 6,886,596,000 | 6,908,448,000 | 6,901,934,000 | 7,151,447,000 | 6,704,120,000 | 6,676,672,000 | 4,251,193,000 | 4,146,296,000 | 4,143,599,000 | 4,166,252,000 | 4,159,310,000 | 4,204,619,000 | 4,224,200,000 | 4,136,046,000 | 4,206,289,000 | 4,171,607,000 | 2,760,734,000 | 2,622,995,000 | 2,610,408,000 | 2,597,803,000 | 2,637,607,000 | 2,685,466,000 | 2,684,661,000 | 2,667,330,000 | 2,533,660,000 | 2,279,500,000 | 2,294,011,000 | 2,273,206,000 | 2,263,766,000 | 1,200,788,000 | 1,096,444,000 | 1,124,242,000 | 1,199,101,000 | 1,135,315,000 | 1,199,634,000 | 1,235,535,000 | 1,294,376,000 | 1,337,132,000 | 1,335,453,000 | 1,371,282,000 | 1,391,052,000 | 1,469,022,000 | 1,485,477,000 | 1,491,552,000 | 1,629,424,000 | 1,590,775,000 | 1,672,710,000 | 1,693,795,000 | 1,656,582,000 | 1,610,043,000 | 1,623,000,000 | 1,441,010,000 | 1,365,138,000 | 1,270,561,000 | 1,196,753,000 | 1,333,884,000 | 1,300,989,000 | 1,268,150,000 | 1,188,274,000 | 1,084,115,000 | 1,061,715,000 | 1,030,866,000 | 1,026,992,000 | 1,202,849,000 | 1,165,304,000 | 1,171,526,000 | 1,140,414,000 |
liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 3,772,182,000 | 3,340,815,000 | 3,309,383,000 | 3,476,761,000 | 3,020,741,000 | 3,095,666,000 | 2,661,292,000 | 2,586,732,000 | 2,563,332,000 | 2,457,627,000 | 2,418,403,000 | 2,423,761,000 | 2,448,942,000 | 2,334,606,000 | 2,295,989,000 | 2,305,637,000 | 2,349,484,000 | 2,237,509,000 | 2,047,599,000 | 2,050,173,000 | 2,214,692,000 | 2,162,719,000 | 1,934,905,000 | 1,939,517,000 | 1,944,034,000 | 2,222,975,000 | 1,850,817,000 | 1,837,449,000 | 1,116,474,000 | 1,062,570,000 | 1,065,012,000 | 1,089,264,000 | 1,091,258,000 | 1,093,228,000 | 1,095,177,000 | 1,019,619,000 | 1,113,766,000 | 1,380,920,000 | 789,378,000 | 777,485,000 | 767,811,000 | 721,293,000 | 779,570,000 | 849,772,000 | 847,948,000 | 792,344,000 | 671,074,000 | 665,852,000 | 587,442,000 | 630,094,000 | 642,834,000 | 340,374,000 | 344,832,000 | 425,410,000 | 518,630,000 | 461,021,000 | 529,168,000 | 539,442,000 | 462,134,000 | 498,034,000 | 496,823,000 | 509,509,000 | 514,363,000 | 580,378,000 | 580,979,000 | 590,208,000 | 700,700,000 | 943,792,000 | 945,269,000 | 942,239,000 | 852,771,000 | 787,506,000 | 793,882,000 | 557,557,000 | 477,971,000 | 367,681,000 | 315,149,000 | 287,036,000 | 404,612,000 | 551,182,000 | 467,516,000 | 363,677,000 | 350,066,000 | 311,862,000 | 302,286,000 | 303,654,000 | 442,290,000 | 475,642,000 | 497,981,000 |
accounts payable and accrued expenses | 247,716,000 | 314,317,000 | 307,176,000 | 278,212,000 | 293,349,000 | 337,248,000 | 269,661,000 | 236,786,000 | 216,790,000 | 299,767,000 | 266,632,000 | 241,563,000 | 205,018,000 | 271,103,000 | 268,153,000 | 208,417,000 | 192,028,000 | 224,523,000 | 203,627,000 | 172,172,000 | 141,948,000 | 186,267,000 | 183,023,000 | 183,350,000 | 144,984,000 | 209,904,000 | 225,632,000 | 188,337,000 | 91,477,000 | 110,159,000 | 114,229,000 | 98,562,000 | 87,964,000 | 137,909,000 | 160,101,000 | 128,772,000 | 119,803,000 | 109,278,000 | 84,641,000 | 56,971,000 | 48,693,000 | 71,739,000 | 66,049,000 | 56,700,000 | 51,102,000 | 86,668,000 | 87,415,000 | 72,577,000 | 55,493,000 | 76,668,000 | 53,095,000 | 34,433,000 | 26,936,000 | 34,751,000 | |||||||||||||||||||||||||||||||||||
deferred income | 297,607,000 | 301,358,000 | 300,650,000 | 288,391,000 | 294,503,000 | 277,132,000 | 263,192,000 | 263,420,000 | 245,739,000 | 181,744,000 | 174,178,000 | 172,552,000 | 154,088,000 | 128,636,000 | 108,316,000 | 75,226,000 | 74,951,000 | 74,515,000 | 76,475,000 | 78,331,000 | 76,033,000 | 62,319,000 | 58,404,000 | 57,199,000 | 55,290,000 | 52,269,000 | 57,411,000 | 56,477,000 | 55,074,000 | 41,266,000 | 40,035,000 | 39,884,000 | 37,895,000 | 37,383,000 | 35,918,000 | 34,743,000 | 35,401,000 | 33,304,000 | 34,604,000 | 34,158,000 | 29,959,000 | 29,788,000 | 24,132,000 | 23,290,000 | 22,822,000 | 23,277,000 | 24,156,000 | 23,681,000 | 24,781,000 | 25,754,000 | 21,781,000 | 25,785,000 | 11,591,000 | 11,888,000 | 12,498,000 | 13,204,000 | |||||||||||||||||||||||||||||||||
intangible liabilities | 126,841,000 | 117,085,000 | 121,494,000 | 104,223,000 | 107,712,000 | 111,221,000 | 35,984,000 | 38,044,000 | 40,115,000 | 42,193,000 | 44,295,000 | 46,511,000 | 49,831,000 | 52,280,000 | 54,734,000 | 57,327,000 | 60,252,000 | 63,223,000 | 56,521,000 | 55,313,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 110,409,000 | 111,506,000 | 104,115,000 | 103,123,000 | 109,982,000 | 110,712,000 | 100,804,000 | 98,042,000 | 102,045,000 | 104,830,000 | 104,495,000 | 107,100,000 | 104,055,000 | 103,442,000 | 103,164,000 | 100,822,000 | 100,735,000 | 111,864,000 | 115,600,000 | 111,695,000 | 115,895,000 | 118,103,000 | 115,162,000 | 115,493,000 | 120,809,000 | 134,128,000 | 131,604,000 | 123,056,000 | 106,070,000 | 54,204,000 | 39,786,000 | 42,842,000 | 39,367,000 | 40,534,000 | 39,385,000 | 42,769,000 | 39,007,000 | 44,084,000 | 28,412,000 | 30,242,000 | 30,378,000 | 30,629,000 | 30,407,000 | 33,318,000 | 32,541,000 | 21,563,000 | 15,753,000 | 15,704,000 | 14,682,000 | 15,242,000 | 80,826,000 | 26,582,000 | 22,446,000 | 9,240,000 | |||||||||||||||||||||||||||||||||||
liabilities of real estate assets held for sale | 39,000 | 2,849,000 | 10,882,000 | 10,444,000 | 130,691,000 | 106,135,000 | 1,347,000 | 2,843,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities | 4,554,794,000 | 4,187,930,000 | 4,142,818,000 | 4,250,710,000 | 3,826,287,000 | 3,931,979,000 | 3,330,933,000 | 3,223,024,000 | 3,168,021,000 | 3,086,161,000 | 3,008,003,000 | 2,991,487,000 | 2,961,934,000 | 2,890,067,000 | 2,830,356,000 | 2,747,429,000 | 2,777,450,000 | 2,711,634,000 | 2,499,822,000 | 2,478,566,000 | 2,624,934,000 | 2,611,860,000 | 2,359,503,000 | 2,368,119,000 | 2,342,936,000 | 2,723,612,000 | 2,355,042,000 | 2,307,054,000 | 1,422,964,000 | 1,325,140,000 | 1,319,144,000 | 1,333,908,000 | 1,323,395,000 | 1,379,508,000 | 1,406,880,000 | 1,306,369,000 | 1,523,773,000 | 1,657,367,000 | 1,095,297,000 | 953,865,000 | 934,124,000 | 914,388,000 | 965,020,000 | 1,030,769,000 | 1,021,726,000 | 993,872,000 | 866,057,000 | 838,620,000 | 745,853,000 | 814,234,000 | 798,536,000 | 427,174,000 | 405,805,000 | 481,289,000 | 571,201,000 | 512,418,000 | 579,288,000 | 595,377,000 | 513,671,000 | 555,261,000 | 545,413,000 | 564,142,000 | 572,456,000 | 649,635,000 | 656,675,000 | 658,702,000 | 789,699,000 | 1,010,015,000 | 1,011,627,000 | 1,185,588,000 | 1,100,260,000 | 1,041,970,000 | 1,044,303,000 | 799,867,000 | 715,408,000 | 597,017,000 | 526,853,000 | 516,477,000 | 635,886,000 | 618,285,000 | 424,093,000 | 399,055,000 | 360,208,000 | 341,016,000 | 353,136,000 | 531,533,000 | 567,869,000 | 533,231,000 | |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' investment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 164,542,000 | 167,982,000 | 167,965,000 | 167,968,000 | 167,908,000 | 167,660,000 | 152,140,000 | 152,140,000 | 152,072,000 | 154,336,000 | 154,336,000 | 154,336,000 | 154,256,000 | 154,019,000 | 154,019,000 | 154,025,000 | 151,349,000 | 151,273,000 | 151,273,000 | 151,273,000 | 151,240,000 | 151,149,000 | 151,149,000 | 151,153,000 | 151,125,000 | 149,347,000 | 149,347,000 | 149,348,000 | 430,927,000 | 430,725,000 | 430,725,000 | 430,734,000 | 430,573,000 | 430,350,000 | 430,350,000 | 430,297,000 | 429,226,000 | 403,747,000 | 220,499,000 | 220,501,000 | 220,436,000 | 220,256,000 | 220,256,000 | 220,256,000 | 220,172,000 | 220,083,000 | 220,079,000 | 202,044,000 | 201,993,000 | 193,236,000 | 193,230,000 | 124,258,000 | 107,697,000 | 107,660,000 | 107,706,000 | 107,785,000 | 107,710,000 | 107,272,000 | 107,284,000 | 107,284,000 | 107,201,000 | 106,962,000 | 106,205,000 | 105,337,000 | 104,436,000 | 103,352,000 | 102,540,000 | 55,863,000 | 54,912,000 | 54,922,000 | 54,953,000 | 54,906,000 | 54,862,000 | 54,799,000 | 54,735,000 | 54,710,000 | 54,439,000 | 54,210,000 | 53,564,000 | 53,423,000 | 53,242,000 | 53,151,000 | 53,015,000 | 52,784,000 | 52,433,000 | 51,787,000 | 51,688,000 | 51,527,000 | |
additional paid-in capital | 5,885,455,000 | 5,971,762,000 | 5,968,470,000 | 5,965,497,000 | 5,960,578,000 | 5,959,670,000 | 5,504,035,000 | 5,500,937,000 | 5,496,371,000 | 5,638,709,000 | 5,637,406,000 | 5,634,996,000 | 5,631,076,000 | 5,630,327,000 | 5,628,951,000 | 5,627,133,000 | 5,550,718,000 | 5,549,308,000 | 5,547,808,000 | 5,546,336,000 | 5,543,549,000 | 5,542,762,000 | 5,541,879,000 | 5,540,945,000 | 5,538,875,000 | 5,493,883,000 | 5,493,265,000 | 5,492,648,000 | 3,605,692,000 | 3,606,191,000 | 3,605,617,000 | 3,605,047,000 | 3,604,336,000 | 3,604,776,000 | 3,604,269,000 | 3,604,036,000 | 3,595,581,000 | 3,407,430,000 | 1,723,552,000 | 1,723,131,000 | 1,722,020,000 | 1,722,224,000 | 1,721,856,000 | 1,721,560,000 | 1,720,506,000 | 1,720,972,000 | 1,720,559,000 | 1,514,959,000 | 1,510,409,000 | 1,420,951,000 | 1,420,810,000 | 825,777,000 | 689,176,000 | 690,024,000 | 689,194,000 | 688,903,000 | 687,809,000 | 687,835,000 | 686,108,000 | 685,577,000 | 685,028,000 | 684,551,000 | 679,437,000 | 673,663,000 | 667,597,000 | 662,216,000 | 656,963,000 | 379,389,000 | 369,665,000 | 368,829,000 | 353,266,000 | 351,458,000 | 349,835,000 | 347,168,000 | 344,828,000 | 342,991,000 | 336,974,000 | 330,982,000 | 320,329,000 | 316,169,000 | 321,747,000 | 319,609,000 | 317,467,000 | 315,116,000 | 311,943,000 | 306,417,000 | 303,866,000 | 301,787,000 | 298,542,000 |
distributions in excess of cumulative net income | -1,539,263,000 | -1,460,154,000 | -1,401,660,000 | -1,355,394,000 | -1,314,734,000 | -1,280,547,000 | -1,240,104,000 | -1,202,222,000 | -1,160,759,000 | -1,125,390,000 | -1,095,597,000 | -1,066,369,000 | -1,039,694,000 | -1,013,292,000 | -988,488,000 | -1,020,590,000 | -1,005,951,000 | -985,338,000 | -1,105,516,000 | -1,113,273,000 | -1,095,361,000 | -1,078,304,000 | -1,044,743,000 | -1,028,289,000 | -1,006,820,000 | -1,137,200,000 | -1,211,752,000 | -1,189,567,000 | -1,124,596,000 | -1,129,445,000 | -1,124,518,000 | -1,116,640,000 | -1,110,590,000 | -1,121,647,000 | -1,127,813,000 | -1,114,662,000 | -1,257,697,000 | -1,214,114,000 | -132,766,000 | -127,602,000 | -118,557,000 | -124,435,000 | -163,994,000 | -200,279,000 | -190,903,000 | -180,757,000 | -187,773,000 | -190,857,000 | -173,752,000 | -164,721,000 | -158,308,000 | -206,995,000 | -211,623,000 | -260,104,000 | -285,508,000 | -290,261,000 | -291,976,000 | -274,177,000 | -140,553,000 | -136,075,000 | -126,706,000 | -114,196,000 | |||||||||||||||||||||||||||
total stockholders' investment | 4,510,734,000 | 4,679,590,000 | 4,734,775,000 | 4,778,071,000 | 4,813,752,000 | 4,846,678,000 | 4,415,969,000 | 4,453,622,000 | 4,490,871,000 | 4,524,151,000 | 4,554,711,000 | 4,581,371,000 | 4,599,018,000 | 4,625,664,000 | 4,645,357,000 | 4,612,095,000 | 4,547,643,000 | 4,566,770,000 | 4,445,092,000 | 4,435,863,000 | 4,450,955,000 | 4,467,134,000 | 4,499,812,000 | 4,515,336,000 | 4,534,707,000 | 4,359,274,000 | 4,284,104,000 | 4,305,673,000 | 2,770,417,000 | 2,765,865,000 | 2,770,218,000 | 2,777,535,000 | 2,782,813,000 | 2,771,973,000 | 2,765,300,000 | 2,778,165,000 | 2,625,604,000 | 2,455,557,000 | 1,662,912,000 | 1,667,657,000 | 1,675,526,000 | 1,673,458,000 | 1,457,401,000 | ||||||||||||||||||||||||||||||||||||||||||||||
nonredeemable noncontrolling interests | 22,315,000 | 22,612,000 | 22,888,000 | 23,082,000 | 23,321,000 | 23,489,000 | 23,629,000 | 23,882,000 | 24,089,000 | 24,162,000 | 22,595,000 | 22,927,000 | 22,018,000 | 21,285,000 | 20,359,000 | 20,600,000 | 35,002,000 | 33,630,000 | 32,450,000 | 31,541,000 | 30,293,000 | 28,404,000 | 27,281,000 | 24,993,000 | 24,291,000 | 68,561,000 | 64,974,000 | 63,945,000 | 57,812,000 | 55,291,000 | 54,237,000 | 54,809,000 | 53,102,000 | 53,138,000 | 52,020,000 | 51,512,000 | 56,912,000 | 58,683,000 | 2,525,000 | 1,473,000 | 758,000 | 1,578,000 | 1,574,000 | 1,573,000 | 1,571,000 | 1,563,000 | 22,639,000 | 22,627,000 | 22,611,000 | 33,746,000 | 33,708,000 | 33,746,000 | 33,703,000 | 35,718,000 | 32,879,000 | 32,802,000 | 32,772,000 | 32,833,000 | 32,802,000 | 32,823,000 | 32,848,000 | 32,823,000 | 32,863,000 | ||||||||||||||||||||||||||
total equity | 4,533,049,000 | 4,702,202,000 | 4,757,663,000 | 4,801,153,000 | 4,837,073,000 | 4,870,167,000 | 4,439,598,000 | 4,477,504,000 | 4,514,960,000 | 4,548,313,000 | 4,577,306,000 | 4,604,298,000 | 4,621,036,000 | 4,646,949,000 | 4,665,716,000 | 4,632,695,000 | 4,582,645,000 | 4,600,400,000 | 4,477,542,000 | 4,467,404,000 | 4,481,248,000 | 4,495,538,000 | 4,527,093,000 | 4,540,329,000 | 4,558,998,000 | 4,427,835,000 | 4,349,078,000 | 4,369,618,000 | 2,828,229,000 | 2,821,156,000 | 2,824,455,000 | 2,832,344,000 | 2,835,915,000 | 2,825,111,000 | 2,817,320,000 | 2,829,677,000 | 2,682,516,000 | 2,514,240,000 | 1,665,437,000 | 1,669,130,000 | 1,676,284,000 | 1,683,415,000 | 1,672,587,000 | 1,654,697,000 | 1,662,935,000 | 1,673,458,000 | 1,667,603,000 | 1,440,880,000 | 1,548,158,000 | 1,458,972,000 | 1,465,230,000 | 773,614,000 | 690,639,000 | 642,953,000 | 627,900,000 | 622,897,000 | 620,051,000 | 637,395,000 | 771,319,000 | 772,427,000 | 781,087,000 | 792,851,000 | 805,114,000 | 806,701,000 | 816,113,000 | 820,259,000 | 827,142,000 | 568,005,000 | |||||||||||||||||||||
total liabilities and equity | 9,087,843,000 | 8,890,132,000 | 8,900,481,000 | 9,051,863,000 | 8,663,360,000 | 8,802,146,000 | 7,770,531,000 | 7,700,528,000 | 7,682,981,000 | 7,634,474,000 | 7,585,309,000 | 7,595,785,000 | 7,582,970,000 | 7,537,016,000 | 7,496,072,000 | 7,380,124,000 | 7,360,095,000 | 7,312,034,000 | 6,977,364,000 | 6,945,970,000 | 7,106,182,000 | 7,107,398,000 | 6,886,596,000 | 6,908,448,000 | 6,901,934,000 | 7,151,447,000 | 6,704,120,000 | 6,676,672,000 | 4,251,193,000 | 4,146,296,000 | 4,143,599,000 | 4,166,252,000 | 4,159,310,000 | 4,204,619,000 | 4,224,200,000 | 4,136,046,000 | 4,206,289,000 | 4,171,607,000 | 2,760,734,000 | 2,622,995,000 | 2,610,408,000 | 2,597,803,000 | 2,637,607,000 | 2,685,466,000 | 2,684,661,000 | 2,667,330,000 | 2,533,660,000 | 2,279,500,000 | 2,294,011,000 | 2,273,206,000 | 2,263,766,000 | 1,200,788,000 | 1,096,444,000 | 1,124,242,000 | 1,199,101,000 | 1,135,315,000 | 1,199,634,000 | 1,235,535,000 | 1,294,376,000 | 1,337,132,000 | 1,335,453,000 | 1,371,282,000 | 1,391,052,000 | 1,469,022,000 | 1,485,477,000 | 1,491,552,000 | 1,629,424,000 | 1,590,775,000 | |||||||||||||||||||||
see accompanying notes. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,922,394 and 1,627,251 in 2025 and 2024, respectively | 7,894,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -652,000 | -16,121,000 | -16,601,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,850,379 and 1,627,251 in 2025 and 2024, respectively | 7,950,610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,778,668 and 1,627,251 in 2025 and 2024, respectively | 7,747,297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures | 192,420,000 | 191,505,000 | 185,478,000 | 182,130,000 | 160,873,000 | 155,210,000 | 143,831,000 | 141,250,000 | 138,992,000 | 136,721,000 | 112,839,000 | 106,389,000 | 103,215,000 | 93,307,000 | 77,811,000 | 111,351,000 | 112,718,000 | 113,353,000 | 125,481,000 | 129,814,000 | 129,857,000 | 128,916,000 | 133,884,000 | 186,079,000 | 176,169,000 | 167,429,000 | 161,907,000 | 154,070,000 | 143,201,000 | 145,465,000 | 101,414,000 | 109,222,000 | 101,532,000 | 128,589,000 | 179,397,000 | 116,933,000 | 114,455,000 | 111,046,000 | 102,577,000 | 103,470,000 | 103,665,000 | 100,821,000 | 100,498,000 | 111,353,000 | 111,164,000 | 107,106,000 | 107,082,000 | 98,183,000 | 127,948,000 | 128,541,000 | 97,868,000 | 139,782,000 | 140,303,000 | 141,180,000 | 160,587,000 | 181,947,000 | 179,149,000 | 165,119,000 | 167,108,000 | 163,231,000 | 158,955,000 | 145,352,000 | 146,150,000 | 145,835,000 | 167,780,000 | 200,726,000 | 200,850,000 | 199,490,000 | 211,100,000 | 207,534,000 | 184,423,000 | 187,679,000 | 186,228,000 | 181,918,000 | 169,404,000 | 234,644,000 | 208,305,000 | 217,232,000 | 197,896,000 | 208,837,000 | 209,438,000 | 199,233,000 | 179,852,000 | 178,503,000 | 176,482,000 | 185,221,000 | |||
operating properties, net of accumulated depreciation of 1,694,690 and 1,627,251 in 2025 and 2024, respectively | 7,780,262,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,627,251 and 1,329,406 in 2024 and 2023, respectively | 7,785,597,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projects under development | 132,884,000 | 126,630,000 | 124,105,000 | 119,291,000 | 111,400,000 | 102,007,000 | 90,622,000 | 205,885,000 | 174,803,000 | 136,123,000 | 113,841,000 | 74,485,000 | 57,389,000 | 52,759,000 | 205,376,000 | 368,414,000 | 410,097,000 | 370,755,000 | 287,619,000 | 35,282,000 | 24,217,000 | 128,580,000 | 115,158,000 | 81,964,000 | 280,982,000 | 248,242,000 | 203,562,000 | 203,509,000 | 162,387,000 | 111,768,000 | 62,567,000 | 41,871,000 | 27,890,000 | 53,118,000 | 16,207,000 | 10,101,000 | 91,615,000 | 76,772,000 | 56,760,000 | 34,816,000 | 24,668,000 | 19,078,000 | 15,008,000 | 11,325,000 | 8,646,000 | 56,992,000 | 169,427,000 | 172,582,000 | 247,193,000 | 228,298,000 | 372,468,000 | 348,589,000 | 358,807,000 | 297,191,000 | 300,382,000 | 361,106,000 | 315,775,000 | 301,654,000 | 241,711,000 | 231,422,000 | 179,668,000 | 126,774,000 | |||||||||||||||||||||||||||
treasury stock | -145,696,000 | -147,157,000 | -147,157,000 | -147,157,000 | -147,157,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,473,000 | -148,373,000 | -148,373,000 | -148,373,000 | -148,373,000 | -148,373,000 | -148,373,000 | -148,373,000 | -148,373,000 | -148,373,000 | -134,630,000 | -105,531,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -86,840,000 | -72,593,000 | -72,593,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | -64,894,000 | |||||||||
accumulated other comprehensive income | -105,000 | -102,000 | 2,767,000 | 3,187,000 | 2,192,000 | 5,723,000 | 5,565,000 | 537,000 | 1,767,000 | -4,503,000 | -3,979,000 | -8,171,000 | 1,244,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,551,232 and 1,329,406 in 2024 and 2023, respectively | 6,905,956,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,476,681 and 1,329,406 in 2024 and 2023, respectively | 6,917,570,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,404,568 and 1,329,406 in 2024 and 2023, respectively | 6,937,210,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,329,406 and 1,079,662 in 2023 and 2022, respectively | 6,775,093,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,258,003 and 1,079,662 in 2023 and 2022, respectively | 6,730,434,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,197,310 and 1,079,662 in 2023 and 2022, respectively | 6,740,557,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,131,555 and 1,079,662 in 2023 and 2022, respectively | 6,744,701,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 1,079,662 and 874,988 in 2022 and 2021, respectively | 6,738,354,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 1,231,000 | 1,231,000 | 1,231,000 | 1,231,000 | 1,236,000 | 1,256,000 | 1,256,000 | 1,848,000 | 1,847,000 | 1,947,000 | 1,947,000 | 2,005,000 | 2,268,000 | 2,182,000 | 170,000 | 148,000 | 419,000 | 328,000 | 1,185,000 | 56,816,000 | 437,000 | 8,139,000 | 13,485,000 | 15,634,000 | 6,566,000 | 5,180,000 | 4,929,000 | 4,304,000 | 4,486,000 | 5,430,000 | 4,773,000 | 5,042,000 | 4,652,000 | 3,912,000 | 3,478,000 | 2,810,000 | 2,953,000 | 3,230,000 | 3,616,000 | 2,852,000 | 2,749,000 | 4,917,000 | 4,122,000 | 4,929,000 | 5,514,000 | 14,544,000 | 15,854,000 | 15,521,000 | 17,632,000 | 4,944,000 | 3,128,000 | 3,585,000 | 4,861,000 | 4,280,000 | 4,549,000 | 3,636,000 | 2,109,000 | 2,881,000 | 2,468,000 | 4,138,000 | 2,895,000 | 2,937,000 | 2,824,000 | 2,780,000 | 2,358,000 | 4,038,000 | 3,806,000 | 3,601,000 | 3,094,000 | 2,041,000 | 1,188,000 | 1,076,000 | 2,779,000 | 3,755,000 | 3,661,000 | ||||||||||||||
operating properties, net of accumulated depreciation of 1,030,125 and 874,988 in 2022 and 2021, respectively | 6,731,159,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 971,023 and 874,988 in 2022 and 2021, respectively | 6,630,212,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 923,735 and 874,988 in 2022 and 2021, respectively | 6,497,936,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 874,988 and 803,073 in 2021 and 2020, respectively | 6,506,910,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 854,770 and 803,073 in 2021 and 2020, respectively | 6,191,205,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 791,431 and 803,073 in 2021 and 2020, respectively | 5,917,710,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 863,365 and 803,073 in 2021 and 2020, respectively | 6,197,447,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 77,891 and 73,967 in 2021 and 2020, respectively | 65,922,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 803,073 and 577,139 in 2020 and 2019, respectively | 6,232,546,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale, net of accumulated depreciation and amortization of 14,188 and 61,093 in 2020 and 2019, respectively | 125,746,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable | 20,248,000 | 18,561,000 | 35,078,000 | 28,533,000 | 23,680,000 | 28,792,000 | 24,139,000 | 10,558,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 73,967 and 55,798 in 2020 and 2019, respectively | 69,846,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of real estate assets held for sale, net of accumulated amortization of 1,205 and 7,771 in 2020 and 2019, respectively | 12,606,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, 1,716,837 shares issued and outstanding in 2019; no shares were issued or outstanding in 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 750,662 and 577,139 in 2020 and 2019, respectively | 6,144,004,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale, net of accumulated depreciation and amortization of 61,093 in 2019 | 360,582,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 70,894 and 55,798 in 2020 and 2019, respectively | 68,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of real estate assets held for sale, net of accumulated amortization of 7,771 in 2019 | 21,231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, 1,716,837 shares issued and outstanding in 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 692,126 and 577,139 in 2020 and 2019, respectively | 6,011,375,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 66,343 and 55,798 in 2020 and 2019, respectively | 72,560,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 633,654 and 577,139 in 2020 and 2019, respectively | 5,740,337,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 61,084 and 55,798 in 2020 and 2019, respectively | 77,819,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 577,139 and 421,495 in 2019 and 2018, respectively | 5,669,324,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 55,798 and 42,473 in 2019 and 2018, respectively | 83,105,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, 1,716,837 shares issued and outstanding in 2019 and 2018 | 1,717,000 | 1,717,000 | 1,717,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 561,489 and 421,495 in 2019 and 2018, respectively | 5,532,963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 56,414 and 42,473 in 2019 and 2018, respectively | 89,578,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 500,509 and 421,495 in 2019 and 2018, respectively | 5,594,814,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale, net of accumulated depreciation and amortization of 0 in 2019 | 29,193,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 49,034 and 42,473 in 2019 and 2018, respectively | 101,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 459,423 and 421,495 in 2019 and 2018, respectively | 3,714,115,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 45,545 and 42,473 in 2019 and 2018, respectively | 53,869,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, 6,867,357 shares issued and outstanding in 2019 and 2018 | 6,867,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 421,495 and 275,977 in 2018 and 2017, respectively | 3,603,011,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 629 and 535 in 2018 and 2017, respectively | 13,821,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 42,473 and 28,960 in 2018 and 2017, respectively | 56,941,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, 6,867,357 shares issued and outstanding in 2018 and 2017 | 6,867,000 | 6,867,000 | 6,867,000 | 6,867,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 384,097 and 275,977 in 2018 and 2017, respectively | 3,499,741,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 456 and 535 in 2018 and 2017, respectively | 10,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 39,332 and 28,960 in 2018 and 2017, respectively | 60,082,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 347,681 and 275,977 in 2018 and 2017, respectively | 3,513,203,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 362 and 535 in 2018 and 2017, respectively | 12,364,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 36,058 and 28,960 in 2018 and 2017, respectively | 63,356,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 311,238 and 275,977 in 2018 and 2017, respectively | 3,528,617,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 298 and 535 in 2018 and 2017, respectively | 16,668,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 32,503 and 28,960 in 2018 and 2017, respectively | 66,911,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 275,977 and 215,856 in 2017 and 2016, respectively | 3,332,619,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 535 and 1,167 in 2017 and 2016, respectively | 14,420,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 104,931 and 53,483 in 2017 and 2016, respectively | 186,206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 28,960 and 12,227 in 2017 and 2016, respectively | 70,454,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, 6,867,357 shares issued and outstanding in 2017 and 2016 | 6,867,000 | 6,867,000 | 6,867,000 | 6,867,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 253,362 and 215,856 in 2017 and 2016, respectively | 3,490,181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 626 and 1,167 in 2017 and 2016, respectively | 16,291,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 99,063 and 53,483 in 2017 and 2016, respectively | 211,786,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 25,709 and 12,227 in 2017 and 2016, respectively | 76,299,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 217,925 and 215,856 in 2017 and 2016, respectively | 3,479,262,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,425 and 1,167 in 2017 and 2016, respectively | 20,530,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 85,341 and 53,483 in 2017 and 2016, respectively | 225,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 21,543 and 12,227 in 2017 and 2016, respectively | 80,466,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 181,928 and 215,856 in 2017 and 2016, respectively | 3,437,591,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale, net of accumulated depreciation and amortization of 73,525 in 2017 | 44,653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,410 and 1,167 in 2017 and 2016, respectively | 25,426,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 70,588 and 53,483 in 2017 and 2016, respectively | 240,770,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 16,904 and 12,227 in 2017 and 2016, respectively | 85,105,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 215,856 and 352,350 in 2016 and 2015, respectively | 3,432,522,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale, net of accumulated depreciation and amortization of 7,200 in 2015 | 7,246,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,167 and 1,353 in 2016 and 2015, respectively | 27,683,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 53,483 and 103,458 in 2016 and 2015, respectively | 245,529,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 12,227 and 26,890 in 2016 and 2015, respectively | 89,781,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, 6,867,357 and 0 shares issued and outstanding in 2016 and 2015, respectively | 6,867,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 328,790 and 352,350 in 2016 and 2015, respectively | 2,014,548,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale, net of accumulated depreciation and amortization of 119,670 and 7,200 in 2016 and 2015, respectively | 203,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,128 and 1,353 in 2016 and 2015, respectively | 12,215,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 110,679 and 103,458 in 2016 and 2015, respectively | 105,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 32,922 and 26,890 in 2016 and 2015, respectively | 52,127,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, -0- shares issued and outstanding in 2016 and 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 403,283 and 352,350 in 2016 and 2015, respectively | 2,186,770,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,097 and 1,353 in 2016 and 2015, respectively | 13,656,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 115,792 and 103,458 in 2016 and 2015, respectively | 111,266,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 31,473 and 26,890 in 2016 and 2015, respectively | 55,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 377,418 and 352,350 in 2016 and 2015, respectively | 2,188,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,100 and 1,353 in 2016 and 2015, respectively | 12,635,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 109,328 and 103,458 in 2016 and 2015, respectively | 117,729,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 29,199 and 26,890 in 2016 and 2015, respectively | 57,283,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 352,350 and 324,543 in 2015 and 2014, respectively | 2,194,781,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,353 and 1,643 in 2015 and 2014, respectively | 10,828,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 103,458 and 76,050 in 2015 and 2014, respectively | 124,615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 26,890 and 16,897 in 2015 and 2014, respectively | 59,592,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value, 20,000,000 shares authorized, -0- shares issued and outstanding in 2015 and 2014 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 385,657 and 324,543 in 2015 and 2014, respectively | 2,160,655,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale, net of accumulated depreciation and amortization of 60,078 in 2015 | 50,491,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,736 and 1,643 in 2015 and 2014, respectively | 9,513,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 96,349 and 76,050 in 2015 and 2014, respectively | 131,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 24,464 and 16,897 in 2015 and 2014, respectively | 62,019,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 360,700 and 324,543 in 2015 and 2014, respectively | 2,203,091,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate assets and other assets held for sale, net of accumulated depreciation and amortization of 20,884 in 2015 | 86,775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 2,006 and 1,643 in 2015 and 2014, respectively | 13,299,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 88,776 and 76,050 in 2015 and 2014, respectively | 139,557,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 21,925 and 16,897 in 2015 and 2014, respectively | 64,557,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of real estate assets held for sale, net of accumulated amortization of 308 in 2015 | 3,132,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 348,344 and 324,543 in 2015 and 2014, respectively | 2,271,966,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,678 and 1,643 in 2015 and 2014, respectively | 12,109,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 87,595 and 76,050 in 2015 and 2014, respectively | 152,719,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 19,605 and 16,897 in 2015 and 2014, respectively | 67,313,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 324,543 and 235,707 in 2014 and 2013, respectively | 2,181,684,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties and related assets held for sale, net of accumulated depreciation and amortization of 21,444 in 2013 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,643 and 1,827 in 2014 and 2013, respectively | 10,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 76,050 and 37,544 in 2014 and 2013, respectively | 163,244,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 16,897 and 6,323 in 2014 and 2013, respectively | 70,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 20,000,000 shares authorized, 1 par value: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 7.50% series b cumulative redeemable preferred stock, 1 par value, 25 liquidation preference, 20,000,000 shares authorized, -0- and 3,791,000 shares issued and outstanding in 2014 and 2013, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 297,034 and 235,707 in 2014 and 2013, respectively | 1,863,442,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties and related assets held for sale, net of accumulated depreciation and amortization of 14,851 and 21,444 in 2014 and 2013, respectively | 181,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,635 and 1,827 in 2014 and 2013, respectively | 12,208,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 64,947 and 37,544 in 2014 and 2013, respectively | 141,610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 14,514 and 6,323 in 2014 and 2013, respectively | 67,659,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' investment: - sum | 1,666,025,000 | 1,439,306,000 | 1,546,585,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 283,119 and 235,707 in 2014 and 2013, respectively | 1,817,439,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties and related assets held for sale, net of accumulated depreciation of 12,001 and 21,444 in 2014 and 2013, respectively | 11,396,000 | 11,463,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,335 and 1,827 in 2014 and 2013, respectively | 10,733,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 60,591 and 37,544 in 2014 and 2013, respectively | 147,721,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 11,993 and 6,323 in 2014 and 2013, respectively | 60,806,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 258,752 and 235,707 in 2014 and 2013, respectively | 1,822,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,897 and 1,827 in 2014 and 2013, respectively | 11,456,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 49,112 and 37,544 in 2014 and 2013, respectively | 159,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 9,344 and 6,323 in 2014 and 2013, respectively | 63,455,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 7.50% series b cumulative redeemable preferred stock, 1 par value, 25 liquidation preference, 20,000,000 shares authorized, 3,791,000 shares issued and outstanding in 2014 and 2013 | 94,775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 235,707 and 255,128 in 2013 and 2012, respectively | 1,828,437,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projects under development, net of accumulated depreciation of 0 and 183 in 2013 and 2012, respectively | 21,681,000 | 14,576,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 151,000 | 431,000 | 533,000 | 637,000 | 637,000 | 738,000 | 738,000 | 738,000 | 1,546,000 | 6,049,000 | 1,975,000 | 549,000 | 1,755,000 | 1,054,000 | 758,000 | 360,000 | 2,809,000 | 414,000 | 481,000 | 454,000 | 1,322,000 | 826,000 | 783,000 | 434,000 | 870,000 | 714,000 | 636,000 | 3,545,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties and related assets held for sale, net of accumulated depreciation of 21,444 and 2,947 in 2013 and 2012, respectively | 24,554,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,827 and 1,743 in 2013 and 2012, respectively | 11,778,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 37,544 and 15,153 in 2013 and 2012, respectively | 170,973,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible liabilities, net of accumulated amortization of 6,323 and 13,986 in 2013 and 2012, respectively | 66,476,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; 0 and 2,993,090 shares issued and outstanding in 2013 and 2012, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.50% series b cumulative redeemable preferred stock, 25 liquidation preference; 3,791,000 shares issued and outstanding in 2013 and 2012 | 94,775,000 | 94,775,000 | 94,775,000 | 94,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
properties: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 235,349 and 255,128 in 2013 and 2012, respectively | 1,846,953,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land held | 35,305,000 | 38,039,000 | 41,019,000 | 51,217,000 | 52,163,000 | 54,132,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total properties | 1,896,834,000 | 882,684,000 | 829,141,000 | 762,896,000 | 880,892,000 | 944,356,000 | 963,941,000 | 1,014,755,000 | 1,053,175,000 | 1,059,044,000 | 1,088,395,000 | 1,107,921,000 | 1,116,649,000 | 1,211,264,000 | 1,235,322,000 | 1,250,308,000 | 1,244,066,000 | 1,272,183,000 | 1,271,749,000 | 1,260,843,000 | 1,248,245,000 | 1,221,040,000 | 1,137,302,000 | 1,067,186,000 | 981,619,000 | 903,241,000 | 939,676,000 | 845,713,000 | 965,357,000 | 811,594,000 | 776,431,000 | 742,523,000 | 675,446,000 | 682,263,000 | 896,605,000 | 899,634,000 | 878,761,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
operating property and related assets held for sale, net of accumulated depreciation of 2,947 in 2013 and 2012 | 2,694,000 | 1,866,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,883 and 1,743 in 2013 and 2012, respectively | 11,669,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ investment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ investment | 1,463,667,000 | 750,975,000 | 668,012,000 | 620,342,000 | 594,154,000 | 589,189,000 | 586,305,000 | 603,692,000 | 735,601,000 | 739,548,000 | 748,285,000 | 760,079,000 | 772,281,000 | 773,899,000 | 783,290,000 | 787,411,000 | 794,319,000 | 535,142,000 | 648,425,000 | 467,687,000 | 511,928,000 | 522,615,000 | 532,837,000 | 595,035,000 | 602,723,000 | 627,417,000 | 625,915,000 | 773,843,000 | 606,928,000 | 624,898,000 | 637,033,000 | 642,723,000 | 651,596,000 | 659,750,000 | 815,710,000 | 605,557,000 | 575,356,000 | 578,777,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 221,331 and 255,128 in 2013 and 2012, respectively | 838,826,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projects under development, net of accumulated depreciation of -0- and 183 in 2013 and 2012, respectively | 5,819,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties and related assets held for sale, net of accumulated depreciation of 12,139 and 2,947 in 2013 and 2012, respectively | 51,301,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,700 and 1,743 in 2013 and 2012, respectively | 8,539,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; -0- and 2,993,090 shares issued and outstanding in 2013 and 2012, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 218,123 and 255,128 in 2013 and 2012, respectively | 762,493,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projects under development, net of accumulated depreciation of 359 and 183 in 2013 and 2012, respectively | 25,629,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,734 and 1,743 in 2013 and 2012, respectively | 7,967,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; 2,993,090 shares issued and outstanding in 2013 and 2012 | 74,827,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 255,128 and 289,473 in 2012 and 2011, respectively | 669,652,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projects under development, net of accumulated depreciation of 183 in 2012 | 25,209,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating property and related assets held for sale, net of accumulated depreciation of 2,947 in 2012 | 1,866,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,743 and 5,100 in 2012 and 2011, respectively | 9,972,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingent liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests | 295,000 | 2,763,000 | 9,386,000 | 9,444,000 | 8,953,000 | 14,289,000 | 13,482,000 | 12,686,000 | 12,689,000 | 12,591,000 | 12,583,000 | 12,755,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; 2,993,090 shares issued and outstanding in 2012 and 2011 | 74,827,000 | 74,827,000 | 74,827,000 | 74,827,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.50% series b cumulative redeemable preferred stock, 25 liquidation preference; 3,791,000 shares issued and outstanding in 2012 and 2011 | 94,775,000 | 94,775,000 | 94,775,000 | 94,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 247,774 and 289,473 in 2012 and 2011, respectively | 674,615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lots | 11,965,000 | 12,288,000 | 12,657,000 | 13,195,000 | 63,835,000 | 63,725,000 | 63,698,000 | 63,403,000 | 63,586,000 | 63,496,000 | 62,894,000 | 62,825,000 | 59,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties and related assets held for sale, net of accumulated depreciation of 46,936 in 2012 | 174,054,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 1,207 and 5,100 in 2012 and 2011, respectively | 11,163,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other liabilities | 40,073,000 | 38,193,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 281,739 and 289,473 in 2012 and 2011, respectively | 796,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and accounts receivable, net of allowance for doubtful accounts of 2,213 and 5,100 in 2012 and 2011, respectively | 11,206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 300,260 and 289,473 in 2012 and 2011, respectively | 854,179,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating property held for sale, net of accumulated depreciation of 2,522 in 2012 | 7,743,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 2,738 and 5,100 in 2012 and 2011, respectively | 48,864,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 30,936,000 | 36,075,000 | 30,732,000 | 35,710,000 | 26,455,000 | 32,388,000 | 36,531,000 | 46,237,000 | 61,688,000 | 56,577,000 | 77,328,000 | 54,857,000 | 55,076,000 | 65,026,000 | 68,357,000 | 74,723,000 | 72,650,000 | 66,935,000 | 63,227,000 | 60,294,000 | 55,538,000 | 69,543,000 | 74,300,000 | 58,665,000 | 55,791,000 | 51,746,000 | 40,085,000 | 38,970,000 | 35,226,000 | 36,330,000 | 32,262,000 | 29,674,000 | 29,909,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred gain | 3,921,000 | 3,980,000 | 4,039,000 | 4,098,000 | 4,157,000 | 4,216,000 | 4,275,000 | 4,334,000 | 4,393,000 | 4,452,000 | 4,508,000 | 4,564,000 | 4,620,000 | 171,838,000 | 171,894,000 | 171,942,000 | 171,783,000 | 170,420,000 | 170,909,000 | 166,694,000 | 154,104,000 | 157,493,000 | 154,580,000 | 5,885,000 | 5,951,000 | 6,016,000 | 6,082,000 | 6,148,000 | 6,209,000 | 8,787,000 | 8,875,000 | 8,962,000 | 9,060,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits and deferred income | 15,263,000 | 15,880,000 | 16,766,000 | 17,419,000 | 17,978,000 | 18,029,000 | 17,287,000 | 16,702,000 | 9,615,000 | 7,465,000 | 7,163,000 | 6,802,000 | 6,662,000 | 6,485,000 | 7,238,000 | 7,799,000 | 5,988,000 | 4,955,000 | 3,301,000 | 2,348,000 | 2,062,000 | 2,405,000 | 2,394,000 | 2,553,000 | 2,551,000 | 2,654,000 | 2,822,000 | 3,228,000 | 3,504,000 | 3,598,000 | 4,003,000 | 5,113,000 | 5,341,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 289,473 and 274,925 in 2011 and 2010, respectively | 884,652,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land held for investment | 54,132,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 5,100 and 6,287 in 2011 and 2010, respectively | 48,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; 2,993,090 shares issued and outstanding in 2011 and 2010 | 74,827,000 | 74,827,000 | 74,827,000 | 74,827,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.50% series b cumulative redeemable preferred stock, 25 liquidation preference; 3,791,000 shares issued and outstanding in 2011 and 2010 | 94,775,000 | 94,775,000 | 94,775,000 | 94,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 286,399 and 274,925 in 2011 and 2010, respectively | 826,015,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land held for investment or future development | 115,521,000 | 120,557,000 | 123,885,000 | 123,879,000 | 126,210,000 | 126,149,000 | 135,313,000 | 137,233,000 | 137,619,000 | 130,269,000 | 122,360,000 | 115,862,000 | 105,375,000 | 101,583,000 | 114,928,000 | 98,445,000 | 93,085,000 | 98,472,000 | 101,390,000 | 104,659,000 | 96,643,000 | 93,626,000 | 62,059,000 | 44,044,000 | 41,748,000 | 72,234,000 | 29,563,000 | 26,795,000 | 29,057,000 | 18,690,000 | 17,435,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 5,423 and 6,287 in 2011 and 2010, respectively | 50,610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 298,085 and 274,925 in 2011 and 2010, respectively | 868,155,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 5,646 and 6,287 in 2011 and 2010, respectively | 50,405,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 286,547 and 274,925 in 2011 and 2010, respectively | 870,723,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 5,728 and 6,287 in 2011 and 2010, respectively | 48,414,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 274,925 and 233,091 in 2010 and 2009, respectively | 898,119,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family units held for sale | 2,994,000 | 10,193,000 | 15,050,000 | 21,295,000 | 28,504,000 | 43,818,000 | 40,001,000 | 70,888,000 | 70,658,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 6,287 and 5,734 in 2010 and 2009, respectively | 48,395,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; 2,993,090 shares issued and outstanding in 2010 and 2009 | 74,827,000 | 74,827,000 | 74,827,000 | 74,827,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.50% series b cumulative redeemable preferred stock, 25 liquidation preference; 3,791,000 shares issued and outstanding in 2010 and 2009 | 94,775,000 | 94,775,000 | 94,775,000 | 94,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss on derivative instruments | -94,000 | -9,376,000 | -9,549,000 | -9,517,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 258,897 and 233,091 in 2010 and 2009, respectively | 907,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating property held for sale, net of accumulated depreciation of 5,461 | 2,318,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 5,143 and 5,734 in 2010 and 2009, respectively | 45,306,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of net income | -96,029,000 | -78,487,000 | -61,956,000 | -51,402,000 | -34,713,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 251,250 and 233,091 in 2010 and 2009, respectively | 911,954,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating property and related assets held for sale, net of accumulated depreciation of 8,201 | 78,475,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 6,172 and 5,734 in 2010 and 2009, respectively | 45,345,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities of operating property held for sale | 1,984,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 246,129 and 233,091 in 2010 and 2009, respectively | 991,762,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 6,400 and 5,734 in 2010 and 2009, respectively | 45,775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 233,091 and 182,050 in 2009 and 2008, respectively | 1,006,760,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 5,734 and 2,764 in 2009 and 2008, respectively | 49,678,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; 2,993,090 shares issued and outstanding in 2009 and 2008 | 74,827,000 | 74,827,000 | 74,827,000 | 74,827,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.50% series b cumulative redeemable preferred stock, 25 liquidation preference; 3,791,000 shares issued and outstanding in 2009 and 2008 | 94,775,000 | 94,775,000 | 94,775,000 | 94,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 223,692 and 182,050 in 2009 and 2008, respectively | 1,006,735,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lots under development | 62,136,000 | 61,136,000 | 60,122,000 | 54,729,000 | 52,179,000 | 49,244,000 | 39,926,000 | 34,981,000 | 29,905,000 | 27,624,000 | 24,001,000 | 8,477,000 | 9,048,000 | 11,577,000 | 14,034,000 | 15,668,000 | 19,786,000 | 19,860,000 | 21,451,000 | 20,431,000 | 21,038,000 | 22,496,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 4,012 and 2,764 in 2009 and 2008, respectively | 48,123,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ investment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss on derivative instrument | -13,233,000 | -13,089,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 209,701 and 182,050 in 2009 and 2008, respectively | 955,668,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doutbful accounts of 2,921 and 2,764 in 2009 and 2008, respectively | 53,620,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative undistributed net income | 30,217,000 | 124,364,000 | -22,225,000 | -4,948,000 | 7,070,000 | 23,151,000 | 64,417,000 | 75,753,000 | 94,610,000 | 99,396,000 | 253,545,000 | 97,929,000 | 120,200,000 | 130,565,000 | 136,709,000 | 145,482,000 | 157,638,000 | 170,077,000 | 426,273,000 | 219,725,000 | 192,151,000 | 199,405,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 192,988 and182,050 in 2009 and 2008, respectively | 849,386,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 2,942 and 2,764 in 2009 and 2008, respectively | 51,390,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable noncontrolling interests in consolidated subsidiaries | 12,658,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ investment attributable to controlling interest | 615,582,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nonredeemable noncontrolling interests in consolidated subsidiaries | 32,843,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ investment | 1,672,710,000 | 1,693,795,000 | 1,656,582,000 | 1,610,043,000 | 1,623,000,000 | 1,441,010,000 | 1,365,138,000 | 1,270,561,000 | 1,196,753,000 | 1,333,884,000 | 1,300,989,000 | 1,268,150,000 | 1,084,115,000 | 1,061,715,000 | 1,030,866,000 | 1,026,992,000 | 1,202,849,000 | 1,165,304,000 | 1,171,526,000 | 1,140,414,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental property revenues | 37,509,000 | 147,394,000 | 38,337,000 | 36,706,000 | 34,313,000 | 30,664,000 | 25,499,000 | 24,437,000 | 90,305,000 | 21,772,000 | 29,798,000 | 28,444,000 | 100,602,000 | 24,652,000 | 24,580,000 | 23,858,000 | 23,607,000 | 32,515,000 | 35,105,000 | 154,338,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fee income | 8,044,000 | 47,662,000 | 21,736,000 | 7,802,000 | 7,558,000 | 10,513,000 | 9,860,000 | 8,066,000 | 35,465,000 | 3,431,000 | 4,185,000 | 4,737,000 | 20,082,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot and outparcel sales | 2,548,000 | 6,993,000 | 3,747,000 | 1,255,000 | 1,744,000 | 4,551,000 | 1,476,000 | 1,426,000 | 17,284,000 | 4,572,000 | 3,129,000 | 4,505,000 | 21,933,000 | 10,946,000 | 4,449,000 | 1,611,000 | 3,341,000 | 4,366,000 | 3,888,000 | 12,945,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other | 986,000 | 4,158,000 | 991,000 | 940,000 | 1,360,000 | 439,000 | 840,000 | 3,679,000 | 3,673,000 | 400,000 | 861,000 | 2,683,000 | 1,886,000 | 740,000 | 414,000 | 305,000 | 1,094,000 | 107,000 | 448,000 | 3,940,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental property operating expenses | 17,313,000 | 56,607,000 | 14,641,000 | 14,792,000 | 13,678,000 | 12,573,000 | 11,341,000 | 10,222,000 | 36,103,000 | 9,167,000 | 11,746,000 | 11,028,000 | 40,005,000 | 9,978,000 | 9,723,000 | 9,124,000 | 8,246,000 | 10,168,000 | 11,003,000 | 44,036,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 9,762,000 | 42,174,000 | 13,020,000 | 13,067,000 | 14,385,000 | 14,719,000 | 15,604,000 | 14,690,000 | 58,592,000 | 9,095,000 | 9,906,000 | 9,932,000 | 40,703,000 | 8,943,000 | 8,217,000 | 8,676,000 | 8,431,000 | 8,605,000 | 7,983,000 | 29,606,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reimbursed general and administrative expenses | 4,228,000 | 16,279,000 | 4,006,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 13,056,000 | 52,925,000 | 13,272,000 | 12,785,000 | 11,439,000 | 10,554,000 | 8,721,000 | 9,520,000 | 32,415,000 | 7,834,000 | 13,689,000 | 10,823,000 | 36,518,000 | 8,572,000 | 9,523,000 | 9,409,000 | 8,389,000 | 10,663,000 | 12,378,000 | 52,284,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot and outparcel cost of sales | 1,730,000 | 3,776,000 | 1,917,000 | 832,000 | 946,000 | 3,344,000 | 1,085,000 | 1,208,000 | 12,751,000 | 3,425,000 | 2,298,000 | 3,203,000 | 16,404,000 | 8,350,000 | 3,023,000 | 1,119,000 | 2,219,000 | 3,178,000 | 2,490,000 | 10,022,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 10,430,000 | 33,151,000 | 8,705,000 | 7,367,000 | 6,275,000 | 3,265,000 | 531,000 | 11,119,000 | 2,625,000 | 4,880,000 | 3,613,000 | 9,094,000 | 1,675,000 | 2,103,000 | 2,781,000 | 2,753,000 | 6,268,000 | 6,547,000 | 30,699,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes, income from unconsolidated joint ventures and noncontrolling interests | -8,978,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit for income taxes from operations | 3,941,000 | 8,770,000 | -916,000 | 2,176,000 | 3,217,000 | 1,806,000 | 1,073,000 | 1,027,000 | 2,596,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures | 1,820,000 | 9,721,000 | 3,497,000 | 2,239,000 | 2,817,000 | -898,000 | 4,101,000 | 3,708,000 | 173,083,000 | 142,355,000 | 8,404,000 | 12,123,000 | 40,955,000 | 10,008,000 | 5,608,000 | 5,175,000 | 106,676,000 | 9,196,000 | 9,056,000 | 24,619,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before gain on sale of investment properties | -3,217,000 | 10,373,000 | 9,834,000 | 1,475,000 | 1,860,000 | 1,403,000 | 3,967,000 | 5,481,000 | 143,222,000 | 123,301,000 | 133,000 | 11,212,000 | 32,447,000 | 11,494,000 | 4,591,000 | 2,406,000 | 107,373,000 | 10,328,000 | 9,699,000 | 40,666,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties, net of applicable income tax provision | 167,434,000 | 10,799,000 | 1,387,000 | 5,212,000 | 3,792,000 | 355,000 | 40,000 | 4,440,000 | 3,012,000 | 244,000 | 61,000 | 805,000 | 15,733,000 | 796,000 | 5,578,000 | 6,827,000 | 50,082,000 | 36,500,000 | 2,066,000 | 100,558,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 164,217,000 | 21,172,000 | 11,221,000 | 6,687,000 | 5,652,000 | 1,758,000 | 4,007,000 | 9,921,000 | 146,234,000 | 123,545,000 | 194,000 | 12,017,000 | 48,180,000 | 12,290,000 | 10,169,000 | 9,233,000 | 157,455,000 | 46,828,000 | 11,765,000 | 141,224,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -7,000 | -1,097,000 | -431,000 | 36,000 | 31,000 | 200,000 | 135,000 | -38,000 | 654,000 | 524,000 | 375,000 | 109,000 | 68,000 | 1,930,000 | 816,000 | 367,000 | 7,478,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 164,210,000 | 22,547,000 | 10,790,000 | 6,723,000 | 5,652,000 | 11,661,000 | 4,207,000 | 18,220,000 | 232,691,000 | 178,267,000 | 329,000 | 12,208,000 | 49,741,000 | 13,735,000 | 10,278,000 | 9,338,000 | 226,676,000 | 47,644,000 | 12,780,000 | 242,161,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | -412,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to controlling interest | 163,798,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends to preferred stockholders | -3,227,000 | -14,957,000 | -3,812,000 | -3,812,000 | -3,813,000 | -3,812,000 | -3,812,000 | -3,813,000 | -15,250,000 | -3,812,000 | -3,812,000 | -3,813,000 | -15,250,000 | -3,812,000 | -3,812,000 | -3,813,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available to common stockholders | 160,571,000 | 7,590,000 | 6,978,000 | 2,911,000 | 1,839,000 | 7,849,000 | 395,000 | 14,407,000 | 217,441,000 | 174,455,000 | -3,483,000 | 8,395,000 | 34,491,000 | 9,923,000 | 6,466,000 | 5,525,000 | 224,739,000 | 45,707,000 | 10,842,000 | 238,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share-basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share-diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per common share | 250 | 1,360 | 370 | 370 | 370 | 370 | 370 | 370 | 4,880 | 370 | 370 | 370 | 1,480 | 370 | 370 | 370 | 370 | 3,550 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares | 51,350,000 | 51,209,000 | 51,187,000 | 51,148,000 | 51,690,000 | 51,825,000 | 51,719,000 | 50,655,000 | 49,989,000 | 49,060,000 | 48,750,000 | 48,637,000 | 48,313,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average shares | 51,350,000 | 51,652,000 | 52,040,000 | 51,670,000 | 51,690,000 | 53,306,000 | 53,596,000 | 52,513,000 | 51,747,000 | 50,943,000 | 50,405,000 | 50,421,000 | 49,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 182,050 and 142,955 in 2008 and 2007, respectively | 853,450,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 2,764 and 883 in 2008 and 2007, respectively | 51,267,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests | 40,520,000 | 44,394,000 | 45,458,000 | 45,860,000 | 46,108,000 | 47,007,000 | 46,127,000 | 43,985,000 | 43,564,000 | 58,175,000 | 24,967,000 | 24,185,000 | 22,989,000 | 19,937,000 | 19,062,000 | 20,017,000 | 25,216,000 | 19,339,000 | 19,339,000 | 19,346,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; 2,993,090 and 4,000,000 shares issued and outstanding in 2008 and 2007, respectively | 74,827,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.50% series b cumulative redeemable preferred stock, 25 liquidation preference; 3,791,000 and 4,000,000 shares issued and outstanding in 2008 and 2007, respectively | 94,775,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family residential sales | 8,444,000 | 5,459,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family residential cost of sales | 7,330,000 | 4,715,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 446,000 | 18,207,000 | 15,443,000 | 2,764,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 2,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes, minority interest and income from unconsolidated joint | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ventures | -5,740,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in income of consolidated subsidiaries | -2,378,000 | -766,000 | -251,000 | -671,000 | -842,000 | -862,000 | -4,130,000 | -899,000 | -1,313,000 | -1,078,000 | -3,037,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of applicable income tax provision: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties | 2,472,000 | 9,872,000 | 8,164,000 | 54,068,000 | 135,000 | 191,000 | 1,070,000 | 37,000 | 67,291,000 | 648,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share information — basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income available to common stockholders | 150 | 140 | 60 | 40 | 150 | 10 | 280 | 4,290 | 690 | 4,580 | 940 | 220 | 4,940 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per common share information — diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income available to common stockholders | 150 | 140 | 60 | 40 | 150 | 10 | 270 | 4,140 | 670 | 4,410 | 910 | 220 | 4,830 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares — basic | 51,202,000 | 50,630,000 | 50,385,000 | 50,289,000 | 50,079,000 | 49,924,000 | 49,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares — diluted | 51,621,000 | 52,428,000 | 50,385,000 | 52,002,000 | 52,013,000 | 51,586,000 | 51,653,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 170,274 and 142,955 in 2008 and 2007, respectively | 844,211,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties held for sale, net of accumulated depreciation of 8,007 in 2008 | 9,335,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 1,507 and 883 in 2008 and 2007, respectively | 55,405,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference; 4,000,000 shares issued and outstanding | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.50% series b cumulative redeemable preferred stock, 25 liquidation preference; 4,000,000 shares issued and outstanding | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes, minority interest and income from unconsolidated joint ventures | 8,019,000 | -2,689,000 | -3,503,000 | 209,000 | -365,000 | 1,608,000 | -21,538,000 | 2,285,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 167,713 and 142,955 in 2008 and 2007, respectively | 866,185,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 1,440 and 883 in 2008 and 2007, respectively | 54,572,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 152,137 and 142,955 in 2008 and 2007, respectively | 684,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 1,073 and 883 in 2008 and 2007, respectively | 56,718,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 134,735 and 115,723 in 2007 and 2006, respectively | 650,342,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties held-for-sale | 1,470,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 828 and 501 in 2007 and 2006, respectively | 45,172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family residential unit sales | 20,000 | 23,134,000 | 1,026,000 | 15,136,000 | 6,579,000 | 11,233,000 | 4,986,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
multi-family residential unit cost of sales | 23,000 | 19,403,000 | 1,346,000 | 12,377,000 | 5,358,000 | 9,405,000 | 4,274,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in (income) loss of consolidated subsidiaries | 286,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share information — basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share information — diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 123,650 and 115,723 in 2007 and 2006, respectively | 575,116,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties held-for-sale, net of accumulated depreciation of 7,139 and 142 in 2007 and 2006, respectively | 5,197,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 680 and 501 in 2007 and 2006, respectively | 33,958,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 124,651 and 115,723 in 2007 and 2006, respectively | 556,051,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 631 and 501 in 2007 and 2006, respectively | 32,187,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 115,723 and 158,700 in 2006 and 2005, respectively | 472,375,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 501 and 781 in 2006 and 2005, respectively | 32,138,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned compensation | -8,495,000 | -7,633,000 | -8,483,000 | -9,279,000 | -10,160,000 | -4,519,000 | -4,927,000 | -5,376,000 | -5,803,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes from operations | -4,193,000 | -7,000 | -1,926,000 | -2,370,000 | -7,756,000 | -2,021,000 | -1,057,000 | -852,000 | -713,000 | -17,000 | 836,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties, net of minority interest | 86,495,000 | 1,037,000 | 93,459,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 128,681 in 2006 and 158,700 in 2005 | 446,716,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties held-for-sale, net of accumulated depreciation of 257 in 2006 | 3,194,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivable from venture partner | 66,688,000 | 133,375,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 1,235 and 781 in 2006 and 2005, respectively | 26,963,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 5,602 in 2006 and 8,324 in 2005 | 62,223,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before taxes and income from unconsolidated joint ventures | -18,148,000 | -5,032,000 | 2,537,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 133,913 in 2006 and 158,700 in 2005 | 424,818,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables, net of allowance for doubtful accounts of 1,244 and 781 in 2006 and 2005, respectively | 28,917,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 8,326 in 2006 and 8,324 in 2005 | 39,866,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 160,882 at march 31, 2006 and 158,700 at december 31, 2005 | 561,029,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes and other receivables | 47,724,000 | 40,014,000 | 34,599,000 | 26,518,000 | 22,349,000 | 24,957,000 | 26,483,000 | 32,149,000 | 30,168,000 | 19,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 8,326 at march 31, 2006 and 8,324 at december 31, 2005 | 33,247,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 8,324 and 8,131 as of december 31, 2005 and 2004, respectively | 30,073,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 154,373 in 2005 and 140,262 in 2004 | 522,094,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 8,056 in 2005 and 7,891 in 2004 | 30,604,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
development income | 623,000 | 684,000 | 497,000 | 624,000 | 1,045,000 | 512,000 | 2,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees | 2,141,000 | 2,287,000 | 2,307,000 | 2,242,000 | 2,140,000 | 2,074,000 | 8,519,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
leasing and other fees | 2,037,000 | 998,000 | 1,048,000 | 1,518,000 | 782,000 | 643,000 | 6,991,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes and income from unconsolidated joint ventures | 3,507,000 | 40,000 | -1,917,000 | 1,410,000 | 1,149,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 149,189 in 2005 and 140,262 in 2004 | 523,919,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
held-for-sale properties | 15,428,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 8,229 in 2005 and 7,891 in 2004 | 33,674,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 140,782 in 2005 and 140,262 in 2004 | 523,729,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 7,891 in 2005 and 2004 | 31,813,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 140,262 in 2004 and 162,955 in 2003 | 528,551,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
projects under construction | 97,472,000 | 196,226,000 | 170,566,000 | 171,398,000 | 152,042,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 7,891 in 2004 and 15,696 in 2003 | 36,678,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 25 liquidation preference, 4,000,000 shares issued | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.50% series b cumulative redeemable preferred stock, 25 liquidation preference, 4,000,000 and 0 shares issued | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 130,828 in 2004 and 162,955 in 2003 | 409,782,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties held for sale, net of accumulated depreciation of 7,354 in 2004 | 28,009,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at cost which approximates market | 269,317,000 | 11,771,000 | 17,529,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 9,915 in 2004 and 15,696 in 2003 | 43,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable – held for sale property | 9,554,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 1 par value, 25 liquidation value; 20,000,000 shares authorized, 4,000,000 shares issued | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property taxes on undeveloped land | 108,000 | 210,000 | 154,000 | 768,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations, net of applicable income taxes: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends | 1,937,000 | 1,937,000 | 1,938,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 145,782 as of june 30, 2004 and 162,955 as of december 31, 2003 | 594,350,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties held for sale, net of accumulated depreciation of 30,671 as of june 30, 2004 | 82,201,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 15,233 in 2004 and 15,696 in 2003 | 43,497,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable – held for sale properties | 52,978,000 | 57,440,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 1 par value, 25 liquidation value; authorized 20,000,000 shares; issued 4,000,000 shares | 100,000,000 | 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 158,693 as of march 31, 2004 and 162,955 as of december 31, 2003 | 616,897,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties held for sale, net of accumulated depreciation of 15,498 as of march 31, 2004 | 71,611,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 15,696 in 2004 and 2003 | 43,958,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 10,535,000 | 43,262,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted net income per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating properties, net of accumulated depreciation of 162,955 in 2003 and 155,100 in 2002 | 686,788,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, at cost, which approximates market | 13,061,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets, including goodwill of 15,696 in 2003 and 15,612 in 2002 | 39,863,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
7.75% series a cumulative redeemable preferred stock, 1 par value, 25 liquidation value; 20,000,000 shares authorized, 4,000,000 and 0 shares issued | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on debt extinguishment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends paid or accumulated | 3,358,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 2,090 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-09-30 | 2004-06-30 | 2004-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -24,670,000 | -3,277,000 | 8,778,000 | 14,658,000 | 21,093,000 | 13,813,000 | 11,356,000 | 7,961,000 | 13,451,000 | 18,892,000 | 19,491,000 | 23,077,000 | 22,356,000 | 24,349,000 | 80,769,000 | 34,164,000 | 28,163,000 | 167,489,000 | 54,136,000 | 28,060,000 | 29,311,000 | 11,314,000 | 28,255,000 | 23,236,000 | 175,309,000 | 118,568,000 | 20,692,000 | -22,582,000 | 36,005,000 | 22,751,000 | 19,859,000 | 21,749,000 | 16,406,000 | 31,871,000 | 12,285,000 | 170,945,000 | 4,858,000 | 37,886,000 | 11,657,000 | 7,765,000 | 22,796,000 | 56,855,000 | 53,619,000 | 7,952,000 | 7,203,000 | 23,848,000 | 19,412,000 | 2,616,000 | 7,132,000 | 4,066,000 | 65,038,000 | 821,000 | 56,904,000 | 35,765,000 | -124,226,000 | -4,049,000 | -4,969,000 | -4,460,000 | -4,784,000 | 2,180,000 | -3,946,000 | -53,329,000 | -77,388,000 | 164,210,000 | -618,000 | 10,790,000 | 6,723,000 | 5,652,000 | -1,166,000 | 11,661,000 | 4,207,000 | 18,220,000 | 41,887,000 | 178,267,000 | 329,000 | 12,208,000 | 16,390,000 | 13,735,000 | 10,278,000 | 9,338,000 | ||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on investment property transaction | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 108,406,000 | 107,083,000 | 105,272,000 | 100,890,000 | 102,114,000 | 93,616,000 | 89,784,000 | 95,415,000 | 86,230,000 | 79,366,000 | 79,492,000 | 80,269,000 | 75,770,000 | 75,866,000 | 79,116,000 | 69,861,000 | 70,744,000 | 73,693,000 | 72,073,000 | 71,456,000 | 70,870,000 | 72,668,000 | 71,498,000 | 72,868,000 | 71,614,000 | 78,372,000 | 82,012,000 | 50,904,000 | 45,861,000 | 45,068,000 | 45,675,000 | 45,093,000 | 14,256,000 | 13,369,000 | 13,375,000 | 13,539,000 | 17,501,000 | 13,996,000 | 14,564,000 | 13,895,000 | 13,528,000 | 13,868,000 | 15,381,000 | 13,056,000 | 15,778,000 | 13,410,000 | 12,785,000 | 11,439,000 | 11,861,000 | 10,554,000 | 8,707,000 | 9,520,000 | 10,123,000 | 9,055,000 | 13,689,000 | 10,823,000 | 8,348,000 | 9,288,000 | 9,887,000 | 27,765,000 | 23,041,000 | 12,378,000 | ||||||||||||||||||||||||||
amortization of deferred financing costs, debt premiums, and debt discounts | 1,218,000 | 1,177,000 | 1,213,000 | 987,000 | 1,113,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity-classified stock-based compensation expense, net of forfeitures | 6,016,000 | 3,342,000 | 3,372,000 | 3,699,000 | 6,042,000 | 3,516,000 | 3,404,000 | 3,530,000 | 4,338,000 | 2,757,000 | 2,846,000 | 2,804,000 | 3,559,000 | 2,612,000 | 2,234,000 | 2,544,000 | 2,748,000 | 1,500,000 | 1,472,000 | 2,820,000 | 1,667,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of non-cash adjustments to rental revenues | -22,383,000 | -21,053,000 | -20,060,000 | -21,737,000 | -23,929,000 | -16,333,000 | -14,472,000 | -11,802,000 | -15,984,000 | -11,389,000 | -12,958,000 | -12,528,000 | -11,193,000 | -12,207,000 | -11,563,000 | -9,516,000 | -8,445,000 | -11,635,000 | -9,460,000 | -6,601,000 | -11,777,000 | -8,373,000 | -6,337,000 | -7,695,000 | -9,996,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from unconsolidated joint ventures | 2,642,000 | 2,007,000 | 2,682,000 | 1,587,000 | 1,883,000 | -1,286,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating distributions from unconsolidated joint ventures | 232,000 | 150,000 | -33,000 | 594,000 | 749,000 | 1,160,000 | 909,000 | 755,000 | 787,000 | 795,000 | 836,000 | 734,000 | 1,299,000 | 815,000 | 1,423,000 | 1,237,000 | 1,924,000 | 2,457,000 | 1,408,000 | 5,228,000 | 2,449,000 | 3,363,000 | 2,589,000 | 1,522,000 | 1,829,000 | 5,667,000 | 2,089,000 | 1,500,000 | 2,536,000 | 1,700,000 | 4,160,000 | 8,332,000 | 2,564,000 | -29,142,000 | 225,000 | 39,166,000 | 816,000 | 1,871,000 | 1,684,000 | 2,225,000 | 1,984,000 | 3,190,000 | 3,750,000 | 1,517,000 | 303,000 | 5,101,000 | 2,030,000 | 1,388,000 | 1,777,000 | 1,538,000 | 62,621,000 | 1,525,000 | 1,417,000 | 25,314,000 | 2,208,000 | 8,307,000 | 1,550,000 | 1,449,000 | 2,724,000 | 2,262,000 | 2,430,000 | 3,580,000 | 2,976,000 | 2,377,000 | 2,461,000 | |||||||||||||||||||||||
operating property impairment | 36,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in other operating assets and liabilities, net of acquisitions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in receivables and other assets | -4,112,000 | -2,895,000 | 1,138,000 | 1,767,000 | -8,770,000 | 3,600,000 | 6,304,000 | -6,420,000 | -5,614,000 | -746,000 | 2,444,000 | -1,016,000 | -8,407,000 | 1,236,000 | 2,950,000 | 9,566,000 | -12,029,000 | 2,322,000 | 6,561,000 | 4,627,000 | -8,010,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in operating liabilities | -63,536,000 | 13,618,000 | 18,129,000 | 20,109,000 | -55,537,000 | 26,655,000 | 17,986,000 | 35,069,000 | -55,506,000 | 419,000 | 24,344,000 | 40,950,000 | -57,240,000 | 919,000 | 16,791,000 | 31,097,000 | -57,976,000 | -4,446,000 | 33,103,000 | 28,163,000 | -46,590,000 | 2,900,000 | 19,184,000 | 41,593,000 | -69,022,000 | 11,181,000 | 23,709,000 | 31,133,000 | -11,455,000 | -3,620,000 | 9,644,000 | 19,143,000 | -24,733,000 | -8,739,000 | 13,213,000 | 5,911,000 | -15,974,000 | -26,293,000 | 14,016,000 | 16,622,000 | -25,094,000 | 8,997,000 | 10,785,000 | 8,305,000 | -23,616,000 | 3,739,000 | 12,415,000 | 9,909,000 | -17,042,000 | 18,586,000 | 10,542,000 | 3,788,000 | -8,083,000 | |||||||||||||||||||||||||||||||||||
net cash from operating activities | 40,460,000 | 114,472,000 | 120,491,000 | 122,554,000 | 44,758,000 | 129,038,000 | 117,388,000 | 125,515,000 | 28,292,000 | 90,844,000 | 116,447,000 | 134,577,000 | 26,494,000 | 92,818,000 | 114,659,000 | 133,564,000 | 24,125,000 | 90,891,000 | 130,897,000 | 131,913,000 | 35,777,000 | 92,081,000 | 125,419,000 | 120,624,000 | 12,964,000 | 104,812,000 | 120,574,000 | 33,290,000 | 44,501,000 | 50,997,000 | 73,321,000 | 83,810,000 | 20,906,000 | 16,736,000 | 68,676,000 | 103,118,000 | 23,119,000 | -7,969,000 | 59,157,000 | 54,586,000 | 5,508,000 | 48,621,000 | 57,975,000 | 42,626,000 | 2,439,000 | 47,804,000 | 44,543,000 | 43,046,000 | 7,007,000 | 38,664,000 | 77,508,000 | 19,398,000 | 1,770,000 | 42,911,000 | 17,181,000 | 25,008,000 | 10,222,000 | 17,100,000 | 11,395,000 | 17,903,000 | 9,183,000 | 18,355,000 | 12,167,000 | 17,100,000 | 32,074,000 | 11,799,000 | 15,849,000 | 11,331,000 | 4,185,000 | 22,632,000 | -10,388,000 | 17,462,000 | 10,862,000 | -5,748,000 | -4,702,000 | 9,696,000 | 9,126,000 | 14,847,000 | 133,473,000 | 53,193,000 | 24,769,000 | 7,970,000 | 17,403,000 | 22,305,000 | 9,398,000 | |||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital expenditures | -59,659,000 | -86,771,000 | -54,187,000 | -71,926,000 | -54,347,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
free cash flows | -19,199,000 | 27,701,000 | 66,304,000 | 50,628,000 | -9,589,000 | 129,038,000 | 117,388,000 | 125,515,000 | 28,292,000 | 90,844,000 | 116,447,000 | 134,577,000 | 26,494,000 | 92,818,000 | 114,659,000 | 133,564,000 | 24,125,000 | 90,891,000 | 130,897,000 | 131,913,000 | 35,777,000 | 92,081,000 | 125,419,000 | 120,624,000 | 12,964,000 | 104,812,000 | 120,574,000 | 33,290,000 | 44,501,000 | 50,997,000 | 73,321,000 | 83,810,000 | 20,906,000 | 16,736,000 | 68,676,000 | 103,118,000 | 23,119,000 | -7,969,000 | 59,157,000 | 54,586,000 | 5,508,000 | 48,621,000 | 57,975,000 | 42,626,000 | 2,439,000 | 47,804,000 | 44,543,000 | 43,046,000 | 7,007,000 | 38,664,000 | 77,508,000 | 19,398,000 | 1,770,000 | 42,911,000 | 17,181,000 | 25,008,000 | 10,222,000 | 17,100,000 | 11,395,000 | 17,903,000 | 9,183,000 | 18,355,000 | 12,167,000 | 17,100,000 | 32,074,000 | 11,799,000 | 15,849,000 | 11,331,000 | 4,185,000 | 22,632,000 | -10,388,000 | 17,462,000 | 10,862,000 | -5,748,000 | -4,702,000 | 9,696,000 | 9,126,000 | 14,847,000 | 133,473,000 | 53,193,000 | 24,769,000 | 7,970,000 | 17,403,000 | 22,305,000 | 9,398,000 | |||
property acquisitions | -317,261,000 | 0 | -210,008,000 | -37,244,000 | -593,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property dispositions | 37,683,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrower repayment of investments in real estate debt | 18,218,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in real estate debt | -1,038,000 | -19,752,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to unconsolidated joint ventures | -1,956,000 | -2,340,000 | -26,154,000 | -2,978,000 | -8,528,000 | -6,377,000 | -23,606,000 | -5,879,000 | -11,634,000 | -2,707,000 | -2,382,000 | -2,315,000 | -23,984,000 | -12,701,000 | -3,301,000 | -16,206,000 | -15,686,000 | -19,039,000 | -45,382,000 | -305,000 | -351,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -322,975,000 | -90,149,000 | -310,101,000 | -112,527,000 | 87,116,000 | -1,051,523,000 | -72,604,000 | -97,324,000 | -83,951,000 | -83,641,000 | -62,423,000 | -55,824,000 | -93,847,000 | -86,067,000 | -55,086,000 | -99,881,000 | -93,465,000 | -139,660,000 | -87,762,000 | 72,128,000 | -35,772,000 | -310,796,000 | -70,459,000 | -168,992,000 | 417,784,000 | -228,811,000 | -91,367,000 | 33,452,000 | -70,698,000 | -102,082,000 | -48,026,000 | -51,563,000 | -82,813,000 | 137,992,000 | -73,797,000 | 121,923,000 | -74,008,000 | 592,342,000 | -57,839,000 | -53,309,000 | -20,255,000 | 53,094,000 | 51,242,000 | -29,562,000 | -36,292,000 | -156,988,000 | -255,881,000 | -30,113,000 | -18,633,000 | -19,771,000 | -1,004,012,000 | -97,170,000 | -145,240,000 | 243,228,000 | -63,865,000 | 51,179,000 | 11,419,000 | -78,440,000 | 33,501,000 | -14,651,000 | 14,728,000 | -7,780,000 | 52,118,000 | -23,877,000 | 6,391,000 | -4,454,000 | -10,666,000 | -13,797,000 | -16,429,000 | -45,908,000 | 15,507,000 | -38,923,000 | -64,406,000 | -60,182,000 | -61,419,000 | -81,400,000 | -45,546,000 | 97,574,000 | 75,017,000 | 90,071,000 | -84,661,000 | -83,704,000 | -18,090,000 | -47,325,000 | -66,132,000 | 331,219,000 | -14,150,000 | -40,046,000 |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from credit facility | 898,000,000 | 134,000,000 | 157,514,000 | 89,601,000 | 142,000,000 | 1,051,500,000 | 117,800,000 | 107,800,000 | 171,200,000 | 91,600,000 | 80,600,000 | 45,700,000 | 165,000,000 | 88,700,000 | 70,500,000 | 117,500,000 | 152,000,000 | 526,500,000 | 137,000,000 | 58,000,000 | 134,000,000 | 256,000,000 | 39,000,000 | 0 | 280,500,000 | 308,000,000 | 67,000,000 | 677,000,000 | 160,000,000 | 0 | 132,300,000 | 364,000,000 | 93,000,000 | 534,000,000 | 19,100,000 | 47,600,000 | 116,100,000 | 86,900,000 | 154,900,000 | 20,000,000 | 94,100,000 | 369,400,000 | 181,850,000 | 130,800,000 | 82,525,000 | 21,350,000 | 168,800,000 | 72,925,000 | 102,000,000 | 3,700,000 | 141,100,000 | 33,600,000 | 239,500,000 | 157,425,000 | 45,950,000 | 40,300,000 | 12,600,000 | 56,900,000 | 6,800,000 | 0 | 76,000,000 | 82,200,000 | 404,560,000 | 223,386,000 | 59,401,000 | |||||||||||||||||||||||
repayment of credit facility | -807,500,000 | -101,714,000 | -73,801,000 | -128,300,000 | -215,631,000 | -939,168,000 | -434,900,000 | -82,900,000 | -64,100,000 | -51,000,000 | -84,600,000 | -69,500,000 | -49,300,000 | -333,300,000 | -75,300,000 | -156,500,000 | -35,500,000 | -332,000,000 | -135,000,000 | -315,000,000 | -77,400,000 | -23,600,000 | -39,000,000 | 0 | -532,000,000 | -136,500,000 | -51,000,000 | -669,400,000 | -103,600,000 | 0 | -226,300,000 | -270,000,000 | -227,000,000 | -400,000,000 | -174,100,000 | -35,600,000 | -65,100,000 | -128,900,000 | -222,900,000 | -16,000,000 | -36,300,000 | -316,900,000 | -174,600,000 | -50,350,000 | -122,600,000 | -32,350,000 | -168,725,000 | -76,925,000 | -47,000,000 | -8,600,000 | -24,300,000 | -116,800,000 | -248,000,000 | 0 | -71,200,000 | -181,965,000 | -404,560,000 | -172,721,000 | -21,401,000 | |||||||||||||||||||||||||||||
bond issuance, net of original issue discount | 496,295,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of term loans | -150,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of shares under share repurchase program | -90,044,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of mortgages | -1,725,000 | -1,710,000 | -1,696,000 | -1,682,000 | -1,666,000 | -72,690,000 | -2,151,000 | -2,131,000 | -2,113,000 | -2,095,000 | -2,078,000 | -2,059,000 | -2,041,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of shares withheld for taxes on restricted stock vestings | -1,676,000 | 0 | 0 | -1,000 | -1,907,000 | 0 | 0 | 0 | -1,111,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred financing costs | -4,471,000 | -1,000 | -438,000 | -3,925,000 | -1,439,000 | -2,775,000 | 0 | 0 | -39,000 | -32,000 | -2,932,000 | 0 | 25,000 | 0 | -3,000 | -2,000 | -5,000 | 0 | -85,000 | -68,000 | -6,013,000 | -26,000 | -18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common dividends paid | -55,305,000 | -53,748,000 | -53,752,000 | -53,731,000 | -54,571,000 | -48,680,000 | -48,689,000 | -49,468,000 | -48,576,000 | -48,490,000 | -48,589,000 | -48,862,000 | -48,407,000 | -48,457,000 | -50,121,000 | -47,604,000 | -46,093,000 | -46,097,000 | -46,094,000 | -46,080,000 | -44,569,000 | -44,569,000 | -44,571,000 | -44,562,000 | -42,561,000 | -42,569,000 | -42,555,000 | -30,491,000 | -27,326,000 | -27,325,000 | -27,324,000 | -27,349,000 | -25,169,000 | -25,201,000 | -25,135,000 | -25,212,000 | -23,603,000 | 1,000 | -16,821,000 | -16,810,000 | -16,918,000 | -17,185,000 | -17,334,000 | -17,328,000 | -17,349,000 | -16,204,000 | -16,236,000 | -14,884,000 | -14,231,000 | -8,535,000 | -8,537,000 | -5,431,000 | -4,689,000 | -4,684,000 | -4,691,000 | -4,686,000 | -4,687,000 | -12,838,000 | -12,846,000 | -18,996,000 | -18,992,000 | -18,974,000 | -19,153,000 | -19,184,000 | -19,251,000 | -19,194,000 | -194,577,000 | -18,839,000 | -18,788,000 | -18,760,000 | -18,689,000 | -18,621,000 | -18,611,000 | |||||||||||||||
contributions from noncontrolling interests | 0 | 0 | 0 | 7,000 | 2,000 | 0 | 1,675,000 | 56,000 | 646,000 | 738,000 | 1,137,000 | 1,635,000 | 1,687,000 | 1,695,000 | 1,245,000 | 1,058,000 | 688,000 | 1,601,000 | 1,052,000 | 0 | 124,000 | 844,000 | 1,149,000 | 120,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to noncontrolling interests | -483,000 | -466,000 | -382,000 | -414,000 | -371,000 | -354,000 | -411,000 | -350,000 | -236,000 | -215,000 | -518,000 | -193,000 | -165,000 | -2,206,000 | -88,000 | -128,000 | -153,000 | -152,000 | -24,894,000 | -503,000 | -491,000 | -13,585,000 | -548,000 | -1,054,000 | -956,000 | -8,850,000 | -711,000 | -693,000 | -5,833,000 | -878,000 | -713,000 | -613,000 | -573,000 | -610,000 | -743,000 | -581,000 | -5,342,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
equity issuances | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | 283,091,000 | -23,278,000 | -222,555,000 | 401,483,000 | -133,893,000 | 853,691,000 | 25,405,000 | -27,689,000 | 55,064,000 | -8,082,000 | -55,129,000 | -74,307,000 | 65,793,000 | -8,344,000 | -58,123,000 | -36,626,000 | 67,403,000 | 52,169,000 | -47,415,000 | -208,825,000 | 9,689,000 | 186,134,000 | -46,443,000 | -48,009,000 | -321,777,000 | 126,943,000 | -28,610,000 | -56,301,000 | 27,128,000 | -29,345,000 | -52,730,000 | -31,024,000 | -34,501,000 | -26,784,000 | 50,868,000 | -244,376,000 | 50,957,000 | -645,927,000 | 94,977,000 | -5,795,000 | 18,208,000 | -105,043,000 | -105,858,000 | -15,480,000 | 38,241,000 | 101,974,000 | 212,291,000 | -35,756,000 | 39,731,000 | -23,326,000 | 926,987,000 | 76,655,000 | -27,380,000 | -114,716,000 | 49,144,000 | -77,180,000 | -22,497,000 | 60,564,000 | -43,611,000 | -4,000,000 | -26,413,000 | -12,187,000 | -72,211,000 | -6,435,000 | -17,580,000 | -117,477,000 | 60,292,000 | -3,075,000 | -11,057,000 | 51,598,000 | 41,199,000 | -29,124,000 | 94,627,000 | 78,758,000 | 54,205,000 | -167,033,000 | -158,456,000 | -136,627,000 | 60,035,000 | 79,249,000 | -6,653,000 | 15,479,000 | -10,054,000 | -251,448,000 | -37,491,000 | 18,284,000 | ||
net increase in cash and cash equivalents | 576,000 | 1,045,000 | -412,165,000 | -68,794,000 | 70,189,000 | 68,000 | -61,554,000 | 96,295,000 | -4,518,000 | 3,461,000 | -3,328,000 | 3,359,000 | -2,416,000 | 4,388,000 | -7,210,000 | 953,000 | -22,823,000 | 28,105,000 | -4,433,000 | 171,423,000 | -748,000 | -2,502,000 | -1,612,000 | -7,926,000 | -13,212,000 | 20,885,000 | -110,132,000 | -23,301,000 | 28,322,000 | 46,318,000 | -50,585,000 | 41,083,000 | 12,828,000 | -11,916,000 | 8,272,000 | -2,897,000 | -54,612,000 | 50,034,000 | 6,637,000 | 143,000 | 3,515,000 | -66,788,000 | 256,256,000 | -1,290,000 | 4,468,000 | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 5,720,000 | 0 | 0 | 0 | 7,349,000 | 0 | 0 | 0 | 6,047,000 | 0 | 0 | 35,687,000 | 0 | 0 | 0 | 2,003,000 | 0 | 0 | 0 | 975,000 | 0 | 0 | 0 | 176,892,000 | 0 | 0 | 0 | 4,858,000 | 0 | 0 | 0 | 7,599,000 | 0 | 0 | 0 | 9,464,000 | 0 | 0 | 0 | 82,963,000 | 0 | 0 | 17,825,000 | 0 | 0 | 0 | 11,538,000 | 0 | 0 | 0 | 9,336,000 | 0 | 0 | 0 | 89,490,000 | 13,061,000 | 13,061,000 | 13,061,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 6,296,000 | 1,045,000 | -412,165,000 | 411,510,000 | 5,330,000 | -68,794,000 | 70,189,000 | 502,000 | 5,452,000 | 45,747,000 | -19,335,000 | 35,755,000 | -61,554,000 | 96,295,000 | -4,518,000 | 5,464,000 | -3,328,000 | 3,359,000 | -2,416,000 | 4,388,000 | 953,000 | -22,823,000 | 29,080,000 | -4,433,000 | 483,000 | -1,117,000 | 6,042,000 | 171,423,000 | 2,460,000 | -993,000 | 4,002,000 | -776,000 | 1,285,000 | -748,000 | 5,097,000 | -1,612,000 | -7,926,000 | -13,212,000 | 30,349,000 | -110,132,000 | 65,475,000 | -5,541,000 | 59,662,000 | 46,318,000 | -50,585,000 | 58,908,000 | 12,828,000 | -11,916,000 | 8,272,000 | 8,641,000 | -54,612,000 | 50,034,000 | 6,637,000 | 9,479,000 | 3,515,000 | -7,340,000 | -9,541,000 | 22,702,000 | 269,317,000 | 11,771,000 | 17,529,000 | |||||||||||||||||||||||||||
gain on investment property transactions | -139,510,000 | -13,063,000 | 9,000 | 17,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land and related predevelopment cost impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return of capital distributions from unconsolidated joint ventures | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from investment property sales | 0 | 0 | 331,000 | 165,556,000 | 262,754,000 | 127,030,000 | -7,000 | 294,000 | 1,866,000 | -202,000 | 433,875,000 | 3,699,000 | 1,196,000 | 96,000 | 57,676,000 | 199,628,000 | 4,198,000 | 601,555,000 | 0 | 0 | 21,088,000 | 88,809,000 | 127,334,000 | 7,850,000 | 1,314,000 | 190,644,000 | 24,777,000 | 9,080,000 | 19,970,000 | 7,187,000 | 55,773,000 | 3,355,000 | 112,651,000 | 74,008,000 | 48,072,000 | 0 | 21,543,000 | 3,012,000 | 83,906,000 | 4,765,000 | 10,023,000 | 9,196,000 | 311,000 | 1,547,000 | 673,000 | 9,934,000 | 1,524,000 | 32,182,000 | 1,273,000 | 1,267,000 | 15,400,000 | 0 | 21,280,000 | 110,919,000 | 186,948,000 | 272,000 | 1,250,000 | 14,842,000 | 9,304,000 | 8,662,000 | ||||||||||||||||||||||||||||
issuance of common stock | -315,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of senior notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of issuance of common stock costs | 361,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of treasury stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition costs of investments in real estate debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -1,265,000 | 3,000 | -3,792,000 | -472,000 | 1,000 | 257,000 | -158,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from repayment of investments in real estate debt | 150,791,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investments in real estate debt | -207,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -2,019,000 | -595,000 | -1,117,000 | -170,850,000 | -993,000 | -856,000 | -776,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of investment in unconsolidated joint ventures | -7,000 | 77,000 | -13,121,000 | 0 | -39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on investment property transactions | 3,000 | -101,000 | 1,000 | -507,000 | 0 | 2,000 | -52,000 | 20,000 | -28,000 | 69,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures | -439,000 | -348,000 | -291,000 | -582,000 | -753,000 | -673,000 | -662,000 | -634,000 | -5,280,000 | -1,124,000 | -975,000 | -2,128,000 | -1,795,000 | -1,903,000 | -1,196,000 | -1,611,000 | -1,715,000 | -3,425,000 | -2,887,000 | -3,241,000 | -3,634,000 | -2,904,000 | -2,051,000 | -2,252,000 | -5,036,000 | -2,885,000 | -3,753,000 | -2,461,000 | -40,320,000 | -581,000 | -5,418,000 | -1,526,000 | -1,784,000 | -1,834,000 | -1,215,000 | -3,715,000 | -1,761,000 | -1,611,000 | -5,925,000 | -2,030,000 | -63,078,000 | -1,132,000 | -1,652,000 | -2,269,000 | -9,762,000 | -2,186,000 | -2,660,000 | -2,312,000 | -2,496,000 | -2,394,000 | -2,920,000 | -124,928,000 | ||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | 85,000 | 0 | 0 | 0 | 94,000 | 0 | 0 | 0 | 0 | 592,000 | 0 | 0 | 15,443,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of interest in unconsolidated joint ventures | 0 | -77,000 | 67,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from term loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of partner's noncontrolling interest | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs and discount on notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in other operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property acquisition, development, and tenant asset expenditures | -48,015,000 | -63,789,000 | -72,317,000 | -81,265,000 | -63,975,000 | -64,416,000 | -69,863,000 | -79,419,000 | -90,616,000 | -94,427,000 | -77,779,000 | -299,567,000 | -372,234,000 | -54,640,000 | -61,369,000 | -313,500,000 | -70,636,000 | -167,483,000 | -67,983,000 | -230,599,000 | -83,334,000 | -45,915,000 | -122,785,000 | -91,168,000 | -32,701,000 | -39,592,000 | -60,175,000 | -90,164,000 | -78,661,000 | -80,439,000 | -70,711,000 | -71,177,000 | -46,763,000 | -49,422,000 | -26,172,000 | -78,040,000 | -35,500,000 | -37,844,000 | -280,927,000 | -34,077,000 | -36,653,000 | |||||||||||||||||||||||||||||||||||||||||||||||
bond issuance, net of original discount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs and premium on notes payable | 975,000 | 1,039,000 | 1,040,000 | 1,041,000 | 1,040,000 | 1,021,000 | 218,000 | -187,000 | -181,000 | 51,000 | -218,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -879,000 | -1,105,000 | -1,593,000 | 1,450,000 | -2,943,000 | -1,937,000 | 3,400,000 | -4,280,000 | -4,784,000 | 9,694,000 | -32,581,000 | 8,517,000 | -96,377,000 | 108,971,000 | 2,944,000 | 597,000 | 10,441,000 | 931,000 | -80,430,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 0 | 0 | 0 | 5,145,000 | 0 | 0 | 0 | 10,168,000 | 0 | 0 | 0 | 6,138,000 | 0 | 0 | 0 | 17,608,000 | 0 | 0 | 0 | 2,695,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | -879,000 | -1,105,000 | 4,446,000 | 3,585,000 | -1,593,000 | 1,450,000 | -2,943,000 | 8,231,000 | 3,400,000 | -4,280,000 | -4,784,000 | 15,832,000 | -32,581,000 | 8,517,000 | -96,377,000 | 126,579,000 | 2,944,000 | 597,000 | 10,441,000 | 3,626,000 | -80,430,000 | -27,435,000 | 1,223,000 | 109,337,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued under the atm | 1,452,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of partners' interest in consolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
return of capital distributions from unconsolidated joint venture | 6,053,000 | 0 | 13,467,000 | 0 | 0 | 25,955,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | -1,560,000 | 1,223,000 | -96,408,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | -429,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in notes receivable and other assets | 6,000 | -219,000 | 26,000 | 26,000 | -25,000 | -24,000 | -24,000 | -23,000 | -3,888,000 | -2,475,000 | -1,159,000 | -795,000 | 7,931,000 | 2,458,000 | -1,031,000 | 377,000 | 1,195,000 | -423,000 | -1,000 | 0 | -1,845,000 | -993,000 | 275,000 | 0 | -709,000 | -1,221,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of notes payable | -4,283,000 | -4,239,000 | -4,197,000 | -97,255,000 | -4,112,000 | -4,072,000 | -4,030,000 | -3,990,000 | -3,950,000 | -3,911,000 | -26,849,000 | -3,972,000 | -2,762,000 | -681,735,000 | -2,710,000 | -2,683,000 | -24,375,000 | -2,183,000 | -2,161,000 | -2,139,000 | -80,048,000 | -410,619,000 | -3,107,000 | -2,650,000 | -2,458,000 | -2,131,000 | -16,277,000 | -2,203,000 | -2,175,000 | -2,196,000 | -16,230,000 | -2,096,000 | -2,040,000 | -2,577,000 | -1,573,000 | -592,000 | -583,000 | -75,139,000 | -1,114,000 | -1,074,000 | -25,405,000 | -1,215,000 | -1,142,000 | -30,300,000 | -27,115,000 | -986,000 | -40,654,000 | -22,649,000 | ||||||||||||||||||||||||||||||||||||||||
contributions from nonredeemable noncontrolling interests | -356,000 | 1,241,000 | 1,279,000 | 2,317,000 | 780,000 | 1,036,000 | 1,030,000 | 1,660,000 | 2,581,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to nonredeemable noncontrolling interests | -15,000 | -6,000 | -86,000 | -141,000 | -844,000 | -346,000 | -7,000 | -136,000 | -169,000 | -213,000 | -638,000 | -666,000 | -480,000 | -541,000 | -724,000 | -582,000 | -1,198,000 | -474,000 | -399,000 | -443,000 | -398,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of term loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of term loan | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of term loan | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization and write-off of deferred financing costs and premium on notes payable | -81,000 | -84,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash acquired in merger | 0 | 11,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated joint ventures | -1,000 | 0 | 0 | 1,790,000 | 242,000 | 34,567,000 | 0 | 34,760,000 | 6,179,000 | 3,219,000 | 51,000 | 2,421,000 | 1,678,000 | 1,237,000 | 4,669,000 | 569,000 | 1,080,000 | 18,746,000 | 3,321,000 | 1,742,000 | 2,370,000 | 1,883,000 | 32,636,000 | 14,553,000 | 39,563,000 | 41,668,000 | 579,000 | 1,090,000 | 24,098,000 | 3,025,000 | 707,000 | 1,094,000 | 3,602,000 | 12,370,000 | -31,000 | 1,406,000 | 2,279,000 | 124,928,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of unsecured senior notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in other receivables and other assets | -1,724,000 | 19,528,000 | -6,582,000 | -13,661,000 | 3,559,000 | 2,036,000 | -13,954,000 | -1,720,000 | -5,614,000 | 2,073,000 | 4,586,000 | -7,094,000 | 1,749,000 | 6,599,000 | 8,470,000 | -5,362,000 | 332,000 | 7,012,000 | 920,000 | -6,108,000 | -4,485,000 | 3,654,000 | -2,659,000 | -7,447,000 | 1,268,000 | -1,232,000 | 2,344,000 | -3,024,000 | -6,047,000 | -2,061,000 | 70,000 | -1,581,000 | 1,218,000 | -310,000 | -1,453,000 | -306,000 | 3,114,000 | -2,129,000 | 1,372,000 | -258,000 | 2,334,000 | 3,183,000 | 48,000 | -1,695,000 | -2,413,000 | 381,000 | 14,855,000 | -447,000 | -1,047,000 | -6,131,000 | 2,692,000 | |||||||||||||||||||||||||||||||||||||
gain on sales of investments in unconsolidated joint ventures | 59,000 | 231,000 | -46,230,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on investment properties transactions | 523,000 | 201,000 | -90,916,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs and premium/discount on notes payable | -225,000 | -230,000 | -216,000 | 512,000 | 596,000 | 615,000 | 609,000 | 605,000 | 651,000 | 552,000 | 404,000 | 405,000 | -200,000 | -2,748,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense, net of forfeitures | 930,000 | 2,201,000 | 1,284,000 | 621,000 | 615,000 | 1,987,000 | 607,000 | 574,000 | 561,000 | 1,722,000 | 542,000 | 508,000 | 507,000 | 1,490,000 | 489,000 | 581,000 | 418,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of non-cash adjustments to revenues | -15,311,000 | -12,701,000 | -13,602,000 | -7,877,000 | -11,356,000 | -11,933,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investments in unconsolidated joint ventures | -59,000 | -230,000 | 53,104,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures | -1,411,000 | -1,103,000 | -1,238,000 | -1,885,000 | -9,227,000 | -6,683,000 | -5,566,000 | -7,657,000 | -12,853,000 | -8,810,000 | -21,613,000 | -6,218,000 | -5,596,000 | -6,731,000 | -1,535,000 | -3,613,000 | -2,637,000 | -6,057,000 | -16,224,000 | -2,499,000 | -4,043,000 | -3,018,000 | -425,000 | -7,764,000 | -2,826,000 | -5,093,000 | -2,659,000 | -9,783,000 | -2,041,000 | -79,000 | -19,000 | -48,000 | -336,000 | -1,752,000 | -4,483,000 | -9,456,000 | -4,044,000 | -9,002,000 | -839,000 | -17,885,000 | -4,720,000 | -2,602,000 | -1,022,000 | -1,339,000 | -888,000 | -1,256,000 | -1,751,000 | -4,677,000 | -2,942,000 | -8,368,000 | -8,616,000 | -8,111,000 | -1,939,000 | -2,038,000 | -2,325,000 | -3,759,000 | -14,405,000 | -3,400,000 | -2,183,000 | -8,279,000 | -1,423,000 | -10,617,000 | ||||||||||||||||||||||||||
proceeds from sale of interest in unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of tenant-in-common interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued, net of expenses | -77,000 | -222,000 | -5,000 | 211,825,000 | 0 | -1,000 | 23,000 | -14,000 | -67,000 | 223,393,000 | -25,000 | 98,544,000 | -296,000 | 0 | -268,000 | -167,000 | 318,646,000 | 17,000 | -90,000 | -708,000 | 798,000 | 726,000 | 340,000 | -370,000 | 1,300,000 | 544,000 | 4,074,000 | 2,011,000 | 9,417,000 | 2,175,000 | 1,061,000 | 1,369,000 | 2,269,000 | 3,090,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties | 27,000 | -525,000 | 33,000 | -13,330,000 | 32,000 | -1,061,000 | -756,000 | -6,864,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of investment properties | -13,111,000 | 372,000 | 70,000 | -143,000 | -59,000 | 325,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization, including discontinued operations | 44,199,000 | 47,622,000 | 50,040,000 | 54,884,000 | 49,101,000 | 31,842,000 | 32,381,000 | 31,969,000 | 31,848,000 | 33,233,000 | 33,988,000 | 36,393,000 | 38,541,000 | 33,127,000 | 35,186,000 | 34,168,000 | 30,528,000 | 18,837,000 | 14,814,000 | 12,299,000 | 11,291,000 | 14,142,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and restricted cash acquired in merger with parkway properties, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of notes payable | 250,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash distributed to parkway, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | 0 | 0 | -13,743,000 | -29,470,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collection of notes receivable | 0 | 0 | 514,000 | 347,000 | 552,000 | 342,000 | 339,000 | 335,000 | 609,000 | 212,000 | 250,000 | 62,000 | 36,000 | 6,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares withheld for payment of taxes on restricted stock vesting | -759,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash , cash equivalents, and restricted cash at beginning of period | 205,745,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investments in marketable securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of certain non-cash adjustments to rental revenues | -9,322,000 | -10,724,000 | -13,333,000 | -9,907,000 | -6,310,000 | -4,758,000 | -4,898,000 | -4,568,000 | -6,860,000 | -6,118,000 | -8,929,000 | -8,299,000 | -6,601,000 | -6,065,000 | -9,074,000 | -6,055,000 | -2,932,000 | -867,000 | -1,806,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of tenant in common interest | 0 | 0 | -13,382,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted cash | 7,610,000 | 5,346,000 | 2,149,000 | 22,897,000 | -2,791,000 | -251,000 | -625,000 | 182,000 | 945,000 | -658,000 | 6,000 | 473,000 | -740,000 | -426,000 | -668,000 | -10,000 | 277,000 | 386,000 | -764,000 | -103,000 | 2,168,000 | -795,000 | 807,000 | 585,000 | 9,125,000 | 1,378,000 | -496,000 | 1,638,000 | -12,688,000 | -1,816,000 | 457,000 | 1,276,000 | -581,000 | 269,000 | -913,000 | -1,527,000 | 772,000 | -413,000 | 1,119,000 | 551,000 | -1,243,000 | 42,000 | -113,000 | -44,000 | -422,000 | 1,680,000 | -232,000 | -507,000 | 45,000 | -853,000 | 2,585,000 | 882,000 | -94,000 | |||||||||||||||||||||||||||||||||||
interest paid, net of amounts capitalized | 4,206,000 | 9,139,000 | 13,582,000 | 6,661,000 | 6,651,000 | 7,480,000 | 7,102,000 | 7,782,000 | 7,695,000 | 6,194,000 | 7,070,000 | 7,186,000 | 4,803,000 | 4,249,000 | 5,470,000 | 5,467,000 | 5,247,000 | 6,606,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
significant non-cash transactions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from operating properties to real estate assets and other assets held for sale | 44,653,000 | -36,284,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from operating properties to liabilities of real estate assets held for sale | -130,691,000 | -289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from investment in unconsolidated joint ventures to operating properties | 0 | 0 | 68,390,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from projects under development to operating properties | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock dividends declared | -11,000 | 77,000 | 25,135,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from investment in unconsolidated joint ventures to projects under development | 0 | 0 | 5,880,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from land held to projects under development | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in accrued property acquisition, development, and tenant asset expenditures | -16,971,000 | -1,521,000 | 411,000 | 7,493,000 | 3,470,000 | 421,000 | -4,534,000 | 2,048,000 | -1,632,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collection of note receivable | 3,292,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties, including discontinued operations | -63,170,000 | -14,190,000 | -42,720,000 | -554,000 | -10,953,000 | -13,074,000 | -1,341,000 | -6,526,000 | 1,711,000 | -12,147,000 | -492,000 | -57,272,000 | -717,000 | -143,000 | -260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land and multi-family cost of sales, net of closing costs paid | 0 | 47,000 | 63,000 | 0 | 0 | 904,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired in merger with parkway properties, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of notes payable, including prepayment penalties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of preferred shares | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends paid | 0 | 0 | -1,178,000 | -1,777,000 | -1,777,000 | -1,777,000 | -3,227,000 | -3,227,000 | -3,227,000 | -3,226,000 | -3,227,000 | -3,227,000 | -3,227,000 | -3,813,000 | -3,812,000 | -3,812,000 | -3,813,000 | -3,812,000 | -3,813,000 | -3,812,000 | -3,813,000 | -3,813,000 | -3,812,000 | -3,812,000 | -3,813,000 | -3,819,000 | -3,813,000 | -3,166,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 364,000 | 219,000 | 480,000 | 350,000 | 357,000 | 494,000 | 222,000 | 0 | 0 | 309,000 | 295,000 | -163,000 | 254,000 | 245,000 | 279,000 | 272,000 | 272,000 | 277,000 | 235,000 | 157,000 | 401,000 | 543,000 | 536,000 | 579,000 | 584,000 | 504,000 | 407,000 | 349,000 | 348,000 | 368,000 | 408,000 | 414,000 | 394,000 | 393,000 | 386,000 | 340,000 | 274,000 | 253,000 | 260,000 | 1,087,000 | 315,000 | 272,000 | 264,000 | 320,000 | ||||||||||||||||||||||||||||||||||||||||||||
payment of loan issuance costs | -819,000 | 0 | 0 | 0 | 0 | -66,000 | -3,353,000 | 0 | 1,000 | -274,000 | -76,000 | -1,647,000 | -52,000 | -226,000 | -17,000 | -25,000 | -1,593,000 | -3,074,000 | 226,000 | -269,000 | -127,000 | -29,000 | -146,000 | -1,849,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of investment properties, including discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of stock options and restricted stock, net of forfeitures | 403,000 | 369,000 | 296,000 | 333,000 | 475,000 | 484,000 | 449,000 | 472,000 | 587,000 | 477,000 | 434,000 | 626,000 | 361,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of third party management and leasing business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of third party management and leasing business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property acquisition, development and tenant asset expenditures | -24,247,000 | -1,091,209,000 | -115,018,000 | -295,789,000 | -10,951,000 | -75,560,000 | -10,519,000 | -8,039,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other notes payable | 85,000,000 | 7,000 | 302,976,000 | 126,000 | 1,166,000 | 0 | 5,917,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses, including discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt, including discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued property acquisition, development, and tenant asset expenditures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from operating properties to operating properties and related assets held for sale | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from other assets to projects under development | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accrued property acquisition, development, and tenant asset expenditures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued property acquisition, development, and tenant asset expenditures | 20,749,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on abandoned predevelopment projects | -1,120,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses on investments in unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land and multi-family acquisition and development expenditures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss included in discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses on investment in unconsolidated joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 822,000 | 212,000 | 627,000 | 583,000 | 430,000 | 497,000 | 507,000 | 679,000 | 577,000 | 309,000 | 954,000 | 508,000 | 340,000 | 380,000 | 2,107,000 | 916,000 | 1,730,000 | 1,057,000 | 941,000 | 998,000 | 1,762,000 | 1,101,000 | 1,266,000 | 1,486,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt guarantee for unconsolidated joint venture | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of credit and term facilities | -78,975,000 | -21,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sales of investment properties and other, net, including discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment losses | 488,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of recognizing rental revenues on a straight-line or market basis | -948,000 | -626,000 | -1,482,000 | -1,597,000 | -2,205,000 | -1,500,000 | -1,507,000 | -1,410,000 | -1,237,000 | -988,000 | -1,574,000 | -1,193,000 | -1,021,000 | -1,182,000 | -400,000 | -907,000 | -1,326,000 | -1,219,000 | -1,729,000 | -1,257,000 | -79,000 | 425,000 | 1,059,000 | -378,000 | -934,000 | -1,119,000 | -1,270,000 | -719,000 | -884,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot and multi-family cost of sales, net of closing costs paid | 328,000 | 519,000 | 538,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot development expenditures | -5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in accounts payable and other liabilities | -2,711,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investment properties and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in other assets | -867,000 | -690,000 | -1,176,000 | 208,000 | -824,000 | -935,000 | -1,451,000 | 489,000 | -223,000 | -562,000 | -1,067,000 | -322,000 | -478,000 | -1,134,000 | -878,000 | -2,829,000 | -801,000 | -8,496,000 | -538,000 | -1,327,000 | -8,195,000 | -3,114,000 | -5,978,000 | -8,145,000 | -3,621,000 | -8,893,000 | -207,000 | 1,886,000 | 3,244,000 | -1,687,000 | -10,156,000 | -4,401,000 | -3,715,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of credit facility | -88,100,000 | -80,100,000 | -350,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from notes payable and construction facilities | 5,683,000 | 3,758,000 | 102,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes refunded | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
signficant non-cash transactions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from other assets to investment in unconsolidated joint ventures | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | 10,230,000 | -11,354,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issuance costs | -2,000 | -14,000 | -33,000 | -27,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 12,233,000 | 0 | 0 | 3,508,000 | 1,968,000 | 0 | 4,012,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in accounts payable and accrued liabilities | -3,796,000 | -204,000 | -1,912,000 | 5,281,000 | -5,421,000 | -5,188,000 | 1,331,000 | 257,000 | 3,040,000 | -14,175,000 | 4,471,000 | 1,600,000 | -2,780,000 | -4,587,000 | 978,000 | 5,361,000 | -1,462,000 | -249,000 | -196,000 | 10,235,000 | -1,867,000 | -8,620,000 | 1,864,000 | 7,722,000 | 3,244,000 | 6,480,000 | 6,227,000 | 3,961,000 | 2,724,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot, outparcel and multi-family cost of sales, net of closing costs paid | 2,640,000 | 157,000 | 65,000 | 2,325,000 | 8,926,000 | 5,236,000 | 5,803,000 | 15,778,000 | 15,567,000 | 7,039,000 | 3,079,000 | 1,730,000 | 2,659,000 | 6,274,000 | 874,000 | 874,000 | 1,890,000 | 3,172,000 | 1,072,000 | 1,192,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot, outparcel and multi-family acquisition and development expenditures | -1,609,000 | -769,000 | -466,000 | -428,000 | -1,116,000 | -3,162,000 | -1,522,000 | -1,483,000 | -10,399,000 | -31,268,000 | -5,566,000 | -4,918,000 | -19,774,000 | -15,851,000 | -15,113,000 | -4,203,000 | -4,948,000 | -17,405,000 | -3,213,000 | -7,131,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in deferred income taxes, net of valuation allowance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax deficiency from stock-based compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
collection of notes receivable, net of investment | 2,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash common dividends paid | -4,667,000 | -4,666,000 | -4,663,000 | -4,653,000 | -3,085,000 | -3,060,000 | -3,034,000 | -2,997,000 | -2,972,000 | -2,617,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash preferred dividends paid | -3,227,000 | -3,226,000 | -3,227,000 | -3,227,000 | -3,227,000 | -3,226,000 | -3,227,000 | -3,227,000 | -3,225,000 | -3,228,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot acquisition and development expenditures | -255,000 | -128,000 | -435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property acquisition and development and tenant asset expenditures | -19,785,000 | -7,248,000 | -7,667,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt guarantee of unconsolidated joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes refunded, net of amounts paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transfer from investment in joint venture to deposits and deferred income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land received on note receivable default | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss on investment in unconsolidated joint ventures | 22,928,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax deficiency from stock based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property acquisition and development expenditures | -7,406,000 | -4,279,000 | -14,207,000 | -11,024,000 | -13,529,000 | -15,114,000 | -37,805,000 | -7,798,000 | -55,278,000 | -58,250,000 | -61,775,000 | -64,089,000 | -80,486,000 | -77,616,000 | -73,620,000 | -234,533,000 | -64,299,000 | -88,461,000 | -54,041,000 | -67,762,000 | -61,923,000 | -142,917,000 | -95,952,000 | -39,518,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property acquisition, development and other capital expenditures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in notes receivable, net of collections | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in notes receivable | 37,000 | 569,000 | -623,000 | -17,000 | 108,000 | 152,000 | -67,000 | -19,000 | -41,000 | -39,000 | -1,157,000 | -8,000,000 | -7,997,000 | -7,999,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of other notes payable | -9,229,000 | -492,000 | -3,766,000 | -71,001,000 | -560,000 | -1,282,000 | -20,295,000 | -1,244,000 | -1,344,000 | -184,773,000 | -53,378,000 | -2,899,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash flows provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in deferred income taxes | 0 | 0 | 12,838,000 | -3,941,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax deficiency (benefit) from stock based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from venture formation | 1,212,000 | 0 | 3,586,000 | 15,752,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit (deficiency) from stock based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
abandoned predevelopment projects | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating distributions in excess of income from unconsolidated joint ventures | 21,408,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in notes and other receivables and other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from unconsolidated joint ventures in excess of income | 1,425,000 | 929,000 | 1,571,000 | -9,112,000 | 24,600,000 | 1,517,000 | 625,000 | 10,980,000 | 2,086,000 | 358,000 | 1,447,000 | 5,001,000 | 74,403,000 | 1,411,000 | 6,329,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other notes payble | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties, net of income tax provision | -167,434,000 | -2,880,000 | -1,387,000 | -5,212,000 | -3,792,000 | -759,000 | -10,227,000 | -40,000 | -12,604,000 | -34,003,000 | -54,312,000 | -196,000 | -996,000 | -1,866,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures less than operating distributions | 304,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from construction loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures less than (in excess of) operating distributions | 12,429,000 | -10,048,000 | 3,285,000 | 8,364,000 | 1,714,000 | 3,106,000 | -1,583,000 | -1,617,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax deficiency (benefit) from stock compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in income of consolidated entities | 690,000 | 766,000 | 251,000 | 671,000 | 238,000 | -286,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from credit, term loan, and construction facilities | 115,200,000 | 166,200,000 | 79,900,000 | 140,425,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of credit and construction facilities | -802,600,000 | 382,500,000 | -635,700,000 | -442,300,000 | -311,400,000 | -393,168,000 | -249,268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defeasance costs paid | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from other notes payable or construction loans | 33,000 | 18,353,000 | 3,000 | 12,000 | 263,362,000 | 158,414,000 | 3,343,000 | 660,000 | 1,219,000 | 1,536,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of other notes payable or construction loans | -565,000 | -488,000 | -9,179,000 | -519,000 | -530,000 | -22,628,000 | -653,000 | -628,000 | -506,000 | -140,212,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit (deficiency) from stock compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions from minority partners | 11,000 | 57,000 | 232,000 | 116,000 | 207,000 | 708,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to minority partners | -4,575,000 | -1,830,000 | -653,000 | -594,000 | -710,000 | -670,000 | -606,000 | -651,000 | -628,000 | -13,458,000 | -6,742,000 | -374,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit from stock options | 0 | -3,000 | -52,000 | -728,000 | 299,000 | 234,000 | 412,000 | 2,928,000 | 318,000 | 206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of credit facilities | -118,800,000 | -77,100,000 | -22,225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -14,247,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in other receivables | 761,000 | -7,196,000 | -19,000 | -1,820,000 | 1,009,000 | -2,519,000 | 20,601,000 | -7,621,000 | -11,051,000 | -2,586,000 | -3,366,000 | -1,831,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from (investment in) notes receivable | 252,000 | 2,007,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from credit facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from credit and construction facilities | 746,400,000 | -274,900,000 | 688,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in income of consolidated subsidiaries | 862,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided financing activities | 33,523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation expense | 2,429,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated joint ventures in excess of operating distributions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot, outparcel and multi-family cost of sales | 3,987,000 | 4,792,000 | 14,292,000 | 8,495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest in income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from venture formation accounted for as a sale | 67,268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings under credit and construction facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock issued, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating distributions from unconsolidated joint ventures in excess of income | -2,955,000 | -3,630,000 | 4,790,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings from credit and construction facilities | 332,500,000 | 300,502,000 | 328,299,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of unearned compensation | 1,497,000 | 1,812,000 | 766,000 | 1,224,000 | 816,000 | 410,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from venture formation, net of closing and transaction costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from stock transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings from credit facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot and outparcel cost of sales | 2,776,000 | 1,119,000 | 6,953,000 | 4,878,000 | 2,336,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential lot and outparcel acquisition and development expenditures | -1,229,000 | -1,045,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions in excess of income from unconsolidated joint ventures | 9,215,000 | 346,000 | 29,918,000 | 11,208,000 | 8,723,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
borrowings from credit facility, net of closing costs | 131,558,000 | 10,903,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions to minority partner | 0 | -926,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of unearned compensation and stock appreciation right adjustments | 783,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in accts payable and accrued liabilities | -6,040,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
recognition of deferred income | -60,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before gain on sale of investment properties | 126,474,000 | 20,027,000 | 9,699,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile income from continuing operations before gain on sale of investment properties to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in other operating assets and liabilities change in other receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities of continuing operations | 167,439,000 | 48,764,000 | 25,449,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities of discontinued operations | 9,046,000 | 1,587,000 | 781,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties, net of applicable income tax provision | 88,648,000 | 38,566,000 | 2,066,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investment properties included in discontinued operations | 67,939,000 | 648,000 | 648,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain attributable to minority partner | 18,226,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile gain on sale of investment properties to net cash from sales activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of sales | 310,792,000 | 48,571,000 | 926,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income recognized | -10,977,000 | -185,000 | -99,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated joint ventures, including interest capitalized to equity investments | -14,845,000 | -5,490,000 | -984,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock sold, net of expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock sold, net of expenses | 5,913,000 | 5,326,000 | 3,217,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock repurchases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of recognizing rental revenues on a straight-line basis | -1,546,000 | -911,000 | -473,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile gain on sale of investment properties, net of applicable income tax provision to net cash from sales activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred dividends | -5,812,000 | -3,875,000 | -1,938,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common dividends | -54,420,000 | -36,229,000 | -18,096,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to minority partner | -12,356,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile gains on sale of investment properties to net cash from sales activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
real estate expenditures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of note receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payoff of note receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reserve funds deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for furniture, fixtures and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds of note payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payoff of note payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of note payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
partnership distributions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest |