Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v2.3.0.15
Consolidated Balance Sheets (USD $)
In Thousands
Sep. 30, 2011
Dec. 31, 2010
Assets    
Land $ 472,812 $ 381,338
Income producing property 1,924,526 1,670,598
Real estate investment property, at cost 2,397,338 2,051,936
Accumulated depreciation and amortization (516,319) (460,678)
Net income producing property 1,881,019 1,591,258
Development in progress 39,735 26,240
Total real estate held for investment, net 1,920,754 1,617,498
Investment in real estate sold or held for sale, net 69,990 286,842
Cash and cash equivalents 40,751 78,767
Restricted cash 23,267 20,486
Rents and other receivables, net of allowance for doubtful accounts of $8,122 and $7,422, respectively 52,396 44,280
Prepaid expenses and other assets 125,689 92,040
Other assets related to properties sold or held for sale 3,505 27,968
Total assets 2,236,352 2,167,881
Liabilities    
Notes payable 657,378 753,587
Mortgage notes payable 428,909 361,860
Lines of credit 193,000 100,000
Accounts payable and other liabilities 55,879 49,138
Advance rents 13,393 11,099
Tenant security deposits 8,751 7,390
Other liabilities related to properties sold or held for sale 19,229 23,949
Total liabilities 1,376,539 1,307,023
Shareholders' equity    
Shares of beneficial interest; $0.01 par value; 100,000 shares authorized: 66,066 and 65,870 shares issued and outstanding, respectively 661 659
Additional paid in capital 1,136,240 1,127,825
Distributions in excess of net income (281,930) (269,935)
Accumulated other comprehensive income (loss) (160) (1,469)
Total shareholders' equity 854,811 857,080
Noncontrolling interests in subsidiaries 5,002 3,778
Total equity 859,813 860,858
Total liabilities and shareholders' equity $ 2,236,352 $ 2,167,881