Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Assets    
Land $ 472,196 $ 381,338
Income producing property 1,934,587 1,670,598
Real estate investment property, at cost 2,406,783 2,051,936
Accumulated depreciation and amortization (535,732) (460,678)
Net income producing property 1,871,051 1,591,258
Held for development 43,089 26,240
Total real estate held for investment, net 1,914,140 1,617,498
Investment in real estate sold or held for sale, net 0 286,842
Cash and cash equivalents 12,765 78,767
Restricted cash 19,424 20,486
Rents and other receivables, net of allowance for doubtful accounts of $8,921 and $7,422, respectively 53,828 44,280
Prepaid expenses and other assets 120,601 92,040
Other assets related to properties sold or held for sale 0 27,968
Total assets 2,120,758 2,167,881
Liabilities    
Notes payable 657,470 753,587
Mortgage notes payable 427,710 361,860
Lines of credit 99,000 100,000
Accounts payable and other liabilities 51,145 49,138
Advance rents 13,739 11,099
Tenant security deposits 8,862 7,390
Other liabilities related to properties sold or held for sale 0 23,949
Total liabilities 1,257,926 1,307,023
Shareholders' equity    
Shares of beneficial interest; $0.01 par value; 100,000 shares authorized: 66,265 and 65,870 shares issued and outstanding, respectively 662 659
Additional paid in capital 1,138,478 1,127,825
Distributions in excess of net income (280,096) (269,935)
Accumulated other comprehensive income (loss) 0 (1,469)
Total shareholders' equity 859,044 857,080
Noncontrolling interests in subsidiaries 3,788 3,778
Total equity 862,832 860,858
Total liabilities and shareholders' equity $ 2,120,758 $ 2,167,881