|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
|
|
2011 |
|
2010 |
|
2009 |
|
|
|
(Estimated)
|
|
|
|
|
|
Net (loss) income
|
|
$ |
(124,318 |
) |
$ |
45,504 |
|
$ |
61,299 |
|
Adjustments:
|
|
|
|
|
|
|
|
|
|
|
Rental revenue recognition
|
|
|
(10,708 |
) |
|
(9,192 |
) |
|
(1,646 |
) |
Compensation expense recognition
|
|
|
(1,298 |
) |
|
(4,820 |
) |
|
(5,240 |
) |
Operating expense recognition
|
|
|
751 |
|
|
280 |
|
|
1,061 |
|
Gain on sales of properties
|
|
|
1,154 |
|
|
6,548 |
|
|
— |
|
Impairment losses
|
|
|
151,021 |
|
|
— |
|
|
— |
|
Loss on interest rate derivatives
|
|
|
29,805 |
|
|
— |
|
|
— |
|
Gains from non-real estate investments
|
|
|
4,447 |
|
|
(6,994 |
) |
|
(1,029 |
) |
Income from service operations
|
|
|
(16,047 |
) |
|
(1,628 |
) |
|
303 |
|
Income tax expense
|
|
|
10,679 |
|
|
119 |
|
|
196 |
|
Depreciation and amortization
|
|
|
44,070 |
|
|
42,365 |
|
|
36,031 |
|
Discounts/premiums included in interest expense
|
|
|
5,540 |
|
|
5,841 |
|
|
3,412 |
|
Income from unconsolidated entities
|
|
|
(374 |
) |
|
(244 |
) |
|
(12 |
) |
Noncontrolling interests, gross
|
|
|
(4,891 |
) |
|
(3,288 |
) |
|
(5,813 |
) |
Other
|
|
|
88 |
|
|
2,173 |
|
|
(1,947 |
) |
|
|
|
|
|
|
|
|
Taxable income
|
|
$ |
89,919 |
|
$ |
76,664 |
|
$ |
86,615 |
|