7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 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 2010-06-30 2009-09-30 2008-09-30 2008-03-31 
      
    		                                             
      revenues
    		                                             
      revenues from rental properties
    		531,113,000 520,930,000 531,286,000 502,875,000 496,221,000 498,905,000 447,895,000 441,816,000 439,008,000 438,338,000 435,879,000 429,042,000 423,273,000 422,654,000 420,405,000 364,694,000 285,732,000 278,871,000 266,316,000 256,607,000 235,961,000 286,004,000 291,809,000 279,181,000 280,710,000 290,634,000 214,230,000 215,049,000 222,651,000 230,415,000 310,632,000 290,919,000 292,843,000 289,391,000 292,909,000 279,286,000 287,115,000 293,091,000 296,501,000 283,387,000 289,080,000     
      management and other fee income
    		4,748,000 4,245,000 5,338,000 4,757,000 4,010,000 4,849,000 3,708,000 4,249,000 3,832,000 4,554,000 3,955,000 4,361,000 3,925,000 4,595,000 4,249,000 3,913,000 3,284,000 3,437,000 3,125,000 3,185,000 2,955,000 3,740,000 4,321,000 3,690,000 4,163,000 4,376,000 2,397,000 4,381,000 4,020,000 4,361,000 4,593,000 3,926,000 4,333,000 4,197,000 4,117,000 5,790,000 4,373,000 4,111,000 4,369,000 4,995,000 4,981,000 11,417,000 10,173,000 12,959,000 11,655,000 
      total revenues
    		535,861,000 525,175,000 536,624,000 507,632,000 500,231,000 503,754,000 451,603,000 446,065,000 442,840,000 442,892,000 439,834,000 433,403,000 427,198,000 427,249,000 424,654,000 368,607,000 289,016,000 282,308,000 269,441,000 259,792,000 238,916,000 289,744,000 296,130,000 282,871,000 284,873,000 295,010,000 284,201,000 283,080,000 293,403,000 304,078,000 315,225,000 294,845,000 297,176,000 293,588,000 297,026,000 285,076,000 291,488,000 297,202,000 300,870,000 288,382,000 294,061,000     
      operating expenses
    		                                             
      rent
    		-4,164,000 -4,242,000 -4,184,000 -4,239,000 -4,226,000 -4,279,000 -3,900,000 -3,939,000 -4,145,000 -4,013,000 -3,957,000 -3,703,000 -4,070,000 -4,081,000 -4,067,000 -3,678,000 -2,993,000 -3,035,000 -2,841,000 -2,767,000 -2,827,000 -2,835,000 -2,859,000 -2,836,000 -2,924,000 -2,692,000 -19,191,000 2,702,000 2,742,000 2,818,000 2,833,000 2,764,000 2,765,000 2,783,000 2,719,000 2,728,000 2,728,000 2,818,000 2,868,000 2,913,000 3,012,000 -3,623,000 -3,669,000 -3,320,000 -3,211,000 
      real estate taxes
    		-67,384,000 -66,559,000 -69,911,000 -64,996,000 -66,182,000 -63,360,000 -58,576,000 -57,875,000 -57,621,000 -57,506,000 -58,762,000 -55,578,000 -56,075,000 -54,314,000 -52,132,000 -50,594,000 -39,594,000 -38,936,000 -38,928,000 -40,403,000 -38,678,000 -39,652,000 -39,788,000 -37,519,000 -37,005,000 -39,347,000 -268,906,000 37,862,000 37,274,000 40,434,000 41,817,000 38,363,000 38,747,000 38,269,000 38,649,000 37,703,000 35,791,000 34,472,000 37,807,000 36,571,000 36,700,000 -30,945,000 -28,983,000 -24,012,000 -23,551,000 
      operating and maintenance
    		-92,434,000 -91,069,000 -89,553,000 -88,744,000 -87,749,000 -85,774,000 -82,224,000 -76,604,000 -75,073,000 -75,242,000 -79,901,000 -71,457,000 -69,784,000 -69,225,000 -77,402,000 -52,063,000 -46,897,000 -46,520,000 -49,846,000 -42,844,000 -38,940,000 -42,408,000 -48,110,000 -39,758,000 -43,217,000 -40,896,000 -288,215,000 39,265,000 41,325,000 43,331,000 39,925,000 33,197,000 35,435,000 34,230,000 40,544,000 32,590,000 33,223,000 34,553,000 40,054,000 34,915,000 36,109,000 -29,105,000 -25,572,000 -26,824,000 -27,571,000 
      general and administrative
    		-29,646,000 -32,447,000 -34,392,000 -33,850,000 -33,090,000 -36,298,000 -35,627,000 -33,697,000 -32,734,000 -34,749,000 -31,928,000 -29,677,000 -27,981,000 -29,948,000 -28,985,000 -25,904,000 -24,754,000 -24,478,000 -20,901,000 -28,795,000 -22,504,000 -21,017,000 -24,646,000 -23,832,000 -22,633,000 -25,831,000 -155,572,000 21,348,000 24,029,000 22,398,000 32,060,000 28,588,000 27,233,000 30,574,000            
      impairment charges
    		-440,000 -7,645,000 -534,000 -375,000 -201,000 -3,701,000  -2,237,000  -11,806,000 -200,000 -7,067,000 -14,419,000 -272,000 -2,643,000 -850,000 -104,000  -3,115,000 -397,000 -138,000 -2,974,000 -7,508,000 -19,609,000 -17,451,000 -4,175,000 -113,062,000 3,336,000 22,873,000 7,646,000 33,051,000 2,944,000 29,719,000 1,617,000 25,140,000 10,073,000 52,213,000 5,840,000 17,475,000 6,058,000 15,459,000     
      merger charges
    		     -25,246,000 -1,016,000 -3,750,000        -46,998,000 -3,193,000                             
      depreciation and amortization
    		-158,269,000 -156,323,000 -158,453,000 -144,688,000 -148,148,000 -154,719,000 -124,282,000 -127,437,000 -129,245,000 -126,301,000 -124,676,000 -125,419,000 -124,611,000 -130,294,000 -133,633,000 -114,238,000 -72,573,000 -74,876,000 -74,295,000 -71,704,000 -73,559,000 -69,397,000 -68,439,000 -68,874,000 -69,005,000 -71,561,000 -546,494,000 74,972,000 79,760,000 81,382,000 85,024,000 88,443,000 95,270,000 92,074,000 90,884,000 96,827,000 82,753,000 84,856,000 86,095,000 103,708,000 80,155,000 -60,232,000 -55,596,000 -52,939,000 -48,681,000 
      total operating expenses
    		-352,337,000 -358,285,000 -357,027,000 -336,892,000 -339,596,000 -373,377,000 -305,625,000 -305,539,000 -298,818,000 -309,617,000 -299,424,000 -292,901,000 -296,940,000 -288,134,000 -298,862,000 -294,325,000 -190,108,000 -187,845,000 -189,926,000 -186,910,000 -176,646,000 -178,283,000 -191,350,000 -192,428,000 -192,235,000 -184,502,000 -1,402,264,000 180,874,000 209,054,000 200,140,000 236,139,000 195,000,000 231,265,000 200,951,000 225,209,000 208,996,000 237,821,000 197,943,000 218,463,000 213,395,000 201,849,000     
      gain on sale of properties
    		3,705,000 38,922,000 887,000 551,000 75,000 318,000 22,600,000  13,170,000 39,206,000 4,221,000 3,821,000 2,944,000 4,193,000  1,975,000 18,861,000 10,005,000 1,424,250  1,850,000 3,847,000                        
      operating income
    		187,229,000 205,812,000 180,484,000 171,291,000 160,710,000 130,695,000 168,578,000 140,526,000 157,192,000 172,481,000 144,631,000 144,323,000 133,202,000 143,308,000 125,792,000 76,257,000 117,769,000 104,468,000 80,302,000 72,882,000 64,120,000 115,308,000 136,616,000 99,468,000 107,400,000 134,103,000 291,913,000 102,206,000 84,349,000 103,938,000 79,086,000 99,845,000 65,911,000 92,637,000 71,817,000 76,080,000 53,667,000 99,259,000 82,407,000 74,987,000 92,212,000     
      yoy
    		16.50% 57.48% 7.06% 21.89% 2.24% -24.23% 16.56% -2.63% 18.01% 20.36% 14.98% 89.26% 13.10% 37.18% 56.65% 4.63% 83.67% -9.40% -41.22% -26.73% -40.30% -14.02% -53.20% -2.68% 27.33% 29.02% 269.11% 2.36% 27.97% 12.20% 10.12% 31.24% 22.81% -6.67% -12.85% 1.46% -41.80%         
      qoq
    		-9.03% 14.03% 5.37% 6.58% 22.97% -22.47% 19.96% -10.60% -8.86% 19.26% 0.21% 8.35% -7.05% 13.92% 64.96% -35.25% 12.73% 30.09% 10.18% 13.67% -44.39% -15.60% 37.35% -7.39% -19.91% -54.06% 185.61% 21.17% -18.85% 31.42% -20.79% 51.48% -28.85% 28.99% -5.60% 41.76% -45.93% 20.45% 9.90% -18.68%      
      operating margin %
    		                                             
      other income/
    		                                             
      other (expense)/income
    		-2,362,000                  98,250 -900,000  -3,422,000               -2,070,000     -5,057,000    
      mortgage and other financing income
    		12,375,000 12,062,000 11,269,000                                       2,371,000 3,747,000 5,136,000 3,896,000 
      gain/(loss) on marketable securities
    		43,000   79,000   3,620,000 13,225,000 14,561,000      135,627,500 457,127,000  61,085,000                            
      interest expense
    		-84,261,000 -81,204,000 -80,377,000 -76,216,000 -73,341,000 -74,565,000 -67,797,000 -60,424,000 -60,674,000 -61,306,000 -60,947,000 -52,391,000 -56,466,000 -57,019,000 -57,479,000 -52,126,000 -46,812,000 -47,716,000 -45,887,000 -46,942,000 -48,015,000 -46,060,000 -45,757,000 -43,146,000 -44,097,000 -44,395,000 -42,881,000 -44,081,000 -46,434,000 -49,943,000 -52,126,000 -47,258,000 -46,090,000 -46,482,000 -43,067,000 -46,552,000 -50,479,000 -52,451,000 -56,152,000 -54,031,000 -56,130,000 -59,624,000 -54,551,000 -52,775,000 -53,998,000 
      income before income taxes, net, equity in income of joint ventures, net, and equity in (loss)/income from other investments
    		113,024,000                                             
      benefit/(provision) for income taxes
    		875,000      -15,281,750 729,000   274,000 1,039,000  153,000           344,000      -1,344,000 697,000 1,034,000 493,000   246,000    3,628,000  1,148,000   
      equity in income of joint ventures
    		26,967,000 23,990,000 22,683,000 20,981,000 21,527,000 20,905,000 14,689,000 16,257,000 17,128,000 24,204,000 15,421,000 26,360,000 44,130,000 23,570,000 30,683,000 20,025,000 16,318,000 17,752,000 12,314,000 11,233,000 10,158,000 13,648,000 13,202,000 17,673,000 22,533,000 18,754,000 19,131,000 16,533,000 19,040,000 16,913,000 23,719,000 9,142,000 13,169,000 14,733,000 28,559,000 11,537,000 108,685,000 69,933,000 349,587,000 10,894,000 22,364,000  8,946,000 78,469,000 39,057,000 
      equity in (loss)/income of other investments
    		-811,000                                             
      net income
    		140,055,000 164,942,000  138,426,000 122,052,000  142,113,000 120,790,000  293,776,000 -47,069,000 56,371,000  235,959,000   117,118,000 141,425,000   748,118,000 90,389,000 110,043,000 85,453,000 101,387,000 116,678,000 87,947,000 100,725,000 165,809,000 143,982,000   154,674,000 78,215,000   204,846,000 142,154,000 378,711,000 81,084,000 127,609,000   108,584,000 98,467,000 
      yoy
    		14.75%   14.60%   -401.92% 114.28%  24.50%    66.84%   -84.34% 56.46%   637.88% -22.53% 25.12% -15.16% -38.85% -18.96%   7.20% 84.08%   -24.49% -44.98%   60.53%   -25.33% 29.60%     
      qoq
    		-15.09%   13.42%   17.65%   -724.14% -183.50%      -17.19%    727.66% -17.86% 28.78% -15.72% -13.11% 32.67% -12.69% -39.25% 15.16%    97.75%    44.10% -62.46% 367.06% -36.46%    10.27%  
      net income margin %
    		                                             
      net income attributable to noncontrolling interests
    		-2,280,000 -1,956,000 -1,686,000 -2,443,000 -2,314,000 -1,936,000         -268,000 -1,465,000 -421,000 -3,483,000 -565,000 -965,000 -225,000 -289,000 -624,000 -1,463,000   214,000 -567,000 -423,000  330,000 -1,186,000 -11,258,000 -1,482,000 -2,413,000 -1,997,000 -1,437,000 -1,441,000 490,000 -3,512,000 -609,000 -2,666,000 -3,537,000   
      net income attributable to the company
    		137,775,000 162,986,000  135,983,000 119,738,000  139,645,000 118,239,000  289,763,000 -49,779,000 57,954,000  237,302,000   116,697,000 137,942,000   747,893,000 90,100,000 109,419,000 83,990,000 101,027,000 116,169,000 88,161,000 100,158,000 165,386,000 144,090,000   143,416,000 76,733,000   203,409,000 140,713,000 379,201,000 77,572,000 127,000,000     
      preferred dividends
    		-7,536,000 -7,556,000 -7,683,000 -7,961,000 -7,961,000 -7,942,000 -6,285,000 -6,285,000 -6,200,000 -6,251,000 -6,307,000 -6,307,000 -6,250,000 -6,354,000 -6,354,000 -6,354,000 -6,354,000 -6,354,000 -6,354,000 -6,354,000 -6,354,000 -6,354,000 -9,448,000 -13,573,000 -14,534,000 -14,534,000 -14,534,000 -14,534,000 -14,534,000 -14,589,000     -11,555,000 -11,555,000 -11,555,000 -11,555,000 -13,365,000 -14,573,000 -14,573,000     
      net income available to the company's common shareholders
    		130,239,000 155,430,000  128,022,000 111,777,000  133,360,000 111,954,000  283,512,000 -56,086,000 51,647,000  230,948,000   110,343,000 131,588,000   741,539,000 83,746,000 92,812,000 59,048,000 86,493,000 101,635,000 73,627,000 85,624,000 150,852,000 129,501,000   131,861,000 65,178,000   191,854,000 129,158,000 360,020,000 62,999,000 112,427,000     
      per common share:
    		                                             
      net income available to the company's common shareholders:
    		                                             
      -basic
    		190 230 180 190 170 -30 220 180 160 460 -90 80 -210 370 40 910 250 300 460 -100 1,710 190 220 140 200 240 160 190 360 300 170 240 310 150 160 -130 460 310 870 150 270 30 70 340 330 
      -diluted
    		190 230 180 190 170 -30 220 180 160 460 -90 80 -210 370 40 910 250 300 450 -100 1,710 190 220 140 200 240 170 190 360 300 170 240 310 150 160 -130 460 310 860 150 270 30 70 340 330 
      weighted-average shares:
    		                                             
      other income
    		 2,903,000 216,000 22,203,000 5,661,000 12,089,000 20,880,000 8,377,000 7,571,000 3,132,000 9,978,000 6,226,000 6,642,000 5,983,000   1,782,000 3,357,000   49,000  2,927,000 4,327,000 1,938,000 2,622,000 -1,634,000 5,219,000 3,277,000 6,179,000 953,250 1,101,000   279,250 3,473,000  -580,000      -1,643,000  
      loss on marketable securities
    		 -2,000 -9,000   -27,686,000                                        
      income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments
    		 139,571,000 111,583,000 117,357,000 93,024,000 40,533,000 125,281,000 101,704,000  298,279,000 -6,652,000 22,239,000  206,863,000                                
      benefit from income taxes
    		 -366,000 -464,000  -217,000 -72,010,000         -724,250 -314,000 -1,275,000 -1,308,000    -43,000    -630,000         747,000 -61,426,000  -12,112,000 -48,297,000 -2,844,000      
      equity in income of other investments
    		 1,747,000 701,000 216,000 7,718,000 1,534,000 1,968,000 2,100,000 4,519,000 2,122,000 1,912,000 6,733,000 3,385,000 5,373,000 12,807,000 1,539,000                              
      net income/
    		  134,503,000      109,270,000      191,936,750 509,204,000               88,776,250 122,216,000   76,363,000 -41,548,000      27,277,000 43,645,000   
      net income/(loss) attributable to the company
    		  132,817,000      106,626,000      190,594,500 507,739,000               85,294,750 121,030,000   75,144,250 -43,545,000      24,611,000 40,108,000   
      net income/(loss) available to the company's common shareholders
    		  125,134,000      100,426,000      185,829,000 501,385,000               74,749,000 101,957,000   66,478,000 -55,100,000      12,789,000 28,286,000   
      net income/(loss) available to the company's common shareholders:
    		                                             
      special dividend income
    		         194,116,000                                    
      (provision)/benefit for income taxes
    		   -128,000     -31,027,000 -30,829,000   -96,000      -496,000 -388,000 -51,000         -52,000              -12,336,000 -9,410,000 
      (loss)/gain on marketable securities
    		    -6,000     -10,144,000 -100,314,000 -75,491,000 -261,467,000      111,161,500 -76,931,000                          
      net (loss)/income
    		     -9,038,000       -130,727,000      200,269,500 -37,429,000                          
      net (loss)/income attributable to the company
    		     -10,974,000       -119,501,000      199,899,750 -38,394,000                          
      net (loss)/income available to the company's common shareholders
    		     -18,916,000       -125,751,000      195,134,250 -44,748,000                          
      net (loss)/income available to the company's common shareholders:
    		                                             
      early extinguishment of debt charges
    		           -428,000 -57,000 -7,173,000      -7,538,000        -12,762,000    -1,753,000    -45,674,000          
      net (income)/loss attributable to noncontrolling interests
    		      -2,468,000 -2,551,000 -2,644,000 -4,013,000                -509,000                    
      income/(loss) before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments
    		        118,650,000      176,546,000 487,954,000                              
      net income/(income) attributable to noncontrolling interests
    		          -2,710,000 1,583,000 11,226,000 1,343,000                108,000                
      (loss)/income before income taxes, net, equity in income of joint ventures, net, and equity in income from other investments
    		            -178,146,000                                 
      gain on marketable securities
    		             121,764,000   24,297,000    526,243,000                         
      other income/(expense)
    		              2,958,500 6,696,000                 1,439,000 1,273,000     2,134,000 615,000 470,000  4,383,000  3,882,000 
      gain on sale of cost method investment
    		                    190,832,000                         
      income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments
    		                97,036,000 121,194,000   733,229,000 65,826,000 54,555,000 60,649,000 65,241,000 92,330,000                    
      equity in income of other real estate investments
    		                5,039,000 3,787,000 1,733,000 11,155,000 4,782,000 10,958,000 3,318,000 3,265,000 13,269,000 6,224,000 4,462,000 5,045,000 9,617,000 9,976,000 5,049,000 19,909,000 38,356,000 3,687,000 5,241,000 3,774,000 7,959,000 10,799,000 4,854,000 11,319,000 5,548,000     
      (loss)/income before income taxes, net, equity in income of joint ventures, net, and equity in income from other real estate investments
    		                  184,906,500 -59,429,000                          
      preferred stock redemption charges
    		                      -7,159,000 -11,369,000                      
      net (loss)/income available to the company:
    		                                             
      net income available to the company:
    		                                             
      benefit from doubtful accounts
    		                          -10,824,000 1,389,000 1,051,000 2,131,000 1,429,000 701,000 2,096,000 1,404,000 -189,000 1,092,000 1,185,000 3,475,000 751,000 1,920,000 1,107,000     
      gain on sale of properties/change in control of interests
    		                      31,836,000 9,025,000 14,762,000 23,595,000                    
      benefit for income taxes
    		                      895,000 3,866,000   245,750 315,000 720,000             4,136,000    
      net income attributable to noncontrolling interests
    		                        -360,000                     
      reimbursement income
    		                          63,452,000 58,007,000 61,206,000 63,716,000                
      other rental property income
    		                          4,122,000 5,643,000 5,526,000 5,586,000                
      income from continuing operations before income taxes, net, equity in income of joint ventures, net, gain on change in control of interests and equity in income from other real estate investments
    		                          37,987,000 50,582,000 41,192,000 60,174,000   21,260,000 47,428,000            
      gain on change in control of interests
    		                                60,972,000 10,188,000 4,290,000 6,584,000 46,512,000  3,091,000 6,342,000      
      income from continuing operations
    		                          57,513,750 72,475,000 70,569,000 87,011,000   134,791,000 76,529,000   165,578,000 115,258,000 339,117,000 53,419,000 101,110,000   98,385,000 94,687,000 
      gain on sale of operating properties/change in control of interests
    		                          49,379,000 28,250,000 95,240,000 56,971,000                
      income/(loss) from continuing operations before income taxes, net, equity in income of joint ventures, net, gain on change in control of interests and equity in income from other real estate investments
    		                              30,155,750 51,935,000              
      income/(loss) from continuing operations
    		                              73,250,750 81,683,000   57,379,250 -51,319,000      25,944,000 43,076,000   
      gain on sale of operating properties, net of tax
    		                              15,525,500 40,533,000 19,883,000 1,686,000 18,983,750 9,771,000 39,268,000 26,896,000 21,554,750 27,665,000 26,499,000  600,000  563,000 
      preferred stock redemption charge
    		                               -7,014,000              
      preferred stock dividends
    		                              -8,792,250 -12,059,000 -11,555,000 -11,555,000        -11,822,000 -11,822,000 -11,822,000 -11,822,000 
      net income/(loss) available to the company:
    		                                             
      general and administrative expenses
    		                                  27,462,000 27,983,000 29,928,000 31,929,000 33,413,000 27,310,000 29,307,000 -26,446,000 -27,965,000 -30,992,000 -24,750,000 
      mortgage financing income
    		                                  402,000 408,000 414,000 410,000 443,000 445,000 916,000     
      interest, dividends and other investment income
    		                                  651,000 477,000 644,000  1,050,000 5,692,000 32,102,000 5,181,000 9,236,000 1,190,000 22,026,000 
      income/(loss) from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income of other real estate investments
    		                                  9,256,500 -11,788,000          
      discontinued operations
    		                                             
      income from discontinued operating properties, net of tax
    		                                         1,567,000    
      impairment/loss on operating properties, net of tax
    		                                             
      income from discontinued operations
    		                                          80,000 9,011,000 3,217,000 
      income/(loss) from continuing operations:
    		                                             
      net income/(loss) attributable to the company:
    		                                             
      amounts attributable to the company's common shareholders:
    		                                             
      income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income of other real estate investments
    		                                    2,176,000 46,638,000        
      income from continuing operations:
    		                                             
      net income attributable to the company:
    		                                             
      income from continuing operations before income taxes, equity in income of joint ventures, gain on change in control of interests and equity in income from other real estate investments
    		                                      29,882,000 27,708,000 69,570,000     
      income/(loss) from discontinued operating properties, net of tax
    		                                      -3,750       
      gain on disposition of operating properties, net of tax
    		                                          18,000   
      income/(loss) from discontinued operations
    		                                      -18,750       
      revenues from rental property
    		                                         213,955,000 191,886,000 190,503,000 190,538,000 
      rental property expenses:
    		                                             
      income from other real estate investments
    		                                         8,289,000 9,249,000 24,032,000 21,029,000 
      (loss)/gain on sale of development properties
    		                                             
      impairments:
    		                                             
      property carrying values
    		                                         -1,900,000    
      investments in other real estate investments
    		                                         -2,112,000    
      marketable securities and other investments
    		                                             
      investments in real estate joint ventures
    		                                             
      income/(loss) from continuing operations before income taxes and equity in (loss)/income of joint ventures
    		                                         22,169,000    
      equity in (loss)/income of joint ventures
    		                                         -361,000    
      discontinued operations:
    		                                             
      impairment/loss on operating properties held for sale/sold, net of tax
    		                                         -2,619,000    
      (loss)/income from discontinued operations
    		                                         -1,052,000    
      (loss)/gain on transfer of operating properties
    		                                         -57,000    
      gain on sale of operating properties
    		                                         2,442,000    
      total net gain on transfer or sale of operating properties
    		                                         2,385,000    
      income/(loss) from continuing operations, net of tax
    		                                         13,841,000 28,206,000   
      impairment of property carrying values
    		                                             
      income from continuing operations before income taxes, income from other real estate investments, equity in income of joint ventures, gain on sale of development properties and impairments
    		                                          23,089,000   
      gain on sale of development properties, net of tax of 429, 1,863, 1,390 and 13,699, respectively
    		                                          644,000   
      real estate under development
    		                                             
      income/(loss) from discontinued operating properties
    		                                          62,000   
      loss on operating properties held for sale/sold, net of tax
    		                                             
      gain on transfer of operating properties
    		                                           1,188,000  
      loss on sale of operating properties
    		                                          -111,000   
      total net gain on transfer or sale of operating properties, net of tax
    		                                          489,000   
      net income/(loss) :
    		                                             
      income from continuing operations before income taxes, income from other real estate investments, equity in income of joint ventures, minority interests in income and gain on sale of development properties
    		                                           17,283,000 50,235,000 
      minority interests in income
    		                                           -11,858,000 -8,642,000 
      gain on sale of development properties net of tax of 1,863, 3,352, 13,699 and 8,487 respectively
    		                                           2,795,000  
      income from discontinued operating properties
    		                                           350,000 3,427,000 
      loss on operating properties held for sale/sold
    		                                             
      gain on disposition of operating properties
    		                                           8,809,000 661,000 
      total gain on transfer or sale of operating properties, net of tax
    		                                           1,188,000  
      income before extraordinary item
    		                                           108,584,000 98,467,000 
      extraordinary gain from joint venture resulting from purchase price allocation, net of tax and minority interest
    		                                             
      net income available to common shareholders
    		                                           96,762,000 86,645,000 
      net income :
    		                                             
      gain on sale of development properties,
    		                                             
      net of tax of 1,612, and 1,602, respectively
    		                                            2,418,000 
      extraordinary gain from joint venture resulting from purchase price
    		                                             
      allocation, net of tax and minority interest
    		                                             
      weighted-average shares outstanding for net income calculations:
    		                                             
      the accompanying notes are an integral part of these condensed consolidated financial statements.
    		                                             
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.