Reconciliation Of Net Operating Income Of Reportable Segments |
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2011 |
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Office |
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Medical Office |
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Retail |
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Multifamily |
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Industrial/Flex |
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Corporate and Other |
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Consolidated |
Real estate rental revenue |
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$ |
142,870 |
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$ |
45,257 |
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$ |
50,421 |
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$ |
50,979 |
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$ |
— |
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$ |
289,527 |
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Real estate expenses |
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48,960 |
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|
14,242 |
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|
14,273 |
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|
19,717 |
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— |
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|
97,192 |
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Net operating income |
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$ |
93,910 |
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$ |
31,015 |
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$ |
36,148 |
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$ |
31,262 |
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$ |
— |
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$ |
192,335 |
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Depreciation and amortization |
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(93,297 |
) |
Interest expense |
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(66,473 |
) |
General and administrative |
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(15,728 |
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Acquisition costs |
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(3,607 |
) |
Other income (expense) |
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1,144 |
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Real estate impairment |
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(14,526 |
) |
Loss on extinguishment of debt, net |
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(976 |
) |
Gain from non-disposal activities |
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— |
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Discontinued operations: |
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Income from discontinued operations |
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10,153 |
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Gain on sale of real estate |
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97,491 |
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Income tax benefit (expense) |
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(1,138 |
) |
Net income |
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105,378 |
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Less: Net income attributable to noncontrolling interests |
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(494 |
) |
Net income attributable to the controlling interests |
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$ |
104,884 |
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Capital expenditures |
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$ |
21,065 |
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$ |
5,654 |
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$ |
2,922 |
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$ |
2,823 |
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$ |
351 |
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$ |
621 |
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$ |
33,436 |
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Total assets |
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$ |
1,118,074 |
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$ |
347,735 |
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$ |
365,164 |
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$ |
247,170 |
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$ |
— |
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$ |
42,615 |
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$ |
2,120,758 |
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2010 |
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Office |
|
Medical
Office
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Retail |
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Multifamily |
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Industrial/Flex |
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Corporate
and Other
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Consolidated |
Real estate rental revenue |
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$ |
123,860 |
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$ |
45,028 |
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$ |
41,003 |
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$ |
48,599 |
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$ |
— |
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$ |
— |
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$ |
258,490 |
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Real estate expenses |
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42,392 |
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|
14,715 |
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|
10,310 |
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|
19,243 |
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— |
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— |
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|
86,660 |
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Net operating income |
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$ |
81,468 |
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$ |
30,313 |
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$ |
30,693 |
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$ |
29,356 |
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$ |
— |
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$ |
— |
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$ |
171,830 |
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Depreciation and amortization |
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(80,066 |
) |
Interest expense |
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(67,229 |
) |
General and administrative |
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(14,406 |
) |
Acquisition costs |
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(1,161 |
) |
Other income (expense) |
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1,193 |
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Loss on extinguishment of debt, net |
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(9,176 |
) |
Gain from non-disposal activities |
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7 |
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Discontinued operations: |
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Income from discontinued operations |
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14,968 |
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Gain on sale of real estate |
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21,599 |
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Net income |
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37,559 |
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Less: Net income attributable to noncontrolling interests |
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(133 |
) |
Net income attributable to the controlling interests |
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$ |
37,426 |
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Capital expenditures |
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$ |
13,983 |
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$ |
4,986 |
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$ |
1,982 |
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$ |
2,387 |
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$ |
1,707 |
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$ |
392 |
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$ |
25,437 |
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Total assets |
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$ |
938,638 |
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$ |
353,508 |
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$ |
313,003 |
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$ |
228,769 |
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$ |
225,206 |
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$ |
108,757 |
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$ |
2,167,881 |
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|
2009 |
|
|
Office |
|
Medical Office |
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Retail |
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Multifamily |
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Industrial/Flex |
|
Corporate and Other |
|
Consolidated |
Real estate rental revenue |
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$ |
123,347 |
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|
$ |
44,911 |
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|
$ |
41,821 |
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$ |
46,470 |
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|
$ |
— |
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|
$ |
— |
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|
$ |
256,549 |
|
Real estate expenses |
|
43,897 |
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|
15,218 |
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|
10,680 |
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|
19,494 |
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|
— |
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— |
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|
89,289 |
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Net operating income |
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$ |
79,450 |
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$ |
29,693 |
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$ |
31,141 |
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$ |
26,976 |
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$ |
— |
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$ |
— |
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|
$ |
167,260 |
|
Depreciation and amortization |
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|
|
|
|
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|
|
(77,549 |
) |
Interest expense |
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(72,694 |
) |
General and administrative |
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(13,118 |
) |
Acquisition costs |
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(788 |
) |
Other income (expense) |
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1,205 |
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Gain on extinguishment of debt, net |
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|
5,336 |
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Gain from non-disposal activities |
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|
71 |
|
Discontinued operations: |
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Income from discontinued operations |
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|
17,877 |
|
Gain on sale of real estate |
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13,348 |
|
Net income |
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40,948 |
|
Less: Net income attributable to noncontrolling interests |
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|
(203 |
) |
Net income attributable to the controlling interests |
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$ |
40,745 |
|
Capital expenditures |
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$ |
14,200 |
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$ |
6,613 |
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$ |
1,270 |
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$ |
2,287 |
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$ |
2,967 |
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$ |
351 |
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$ |
27,688 |
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Total assets |
|
$ |
926,433 |
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$ |
360,220 |
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$ |
225,548 |
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$ |
240,442 |
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$ |
251,986 |
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$ |
40,596 |
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$ |
2,045,225 |
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