| In millions, except per share items | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 | Dec-31-13 |
| | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Office | 449.6 | 463.9 | 425.1 | 372.4 | |
| Apartments | 286.4 | 291.6 | 267.6 | 211.8 | |
| Development | 122.6 | 90.8 | 114.7 | 106.6 | |
| Retail | 53.3 | 79.7 | 139.0 | 126.6 | |
| Other | | 3.5 | 31.9 | 32.0 | |
| Total revenues [+] | 911.9 | 929.5 | 978.2 | 849.4 | 893.7 |
| Tenant reimbursements | 106.7 | 117.1 | 133.8 | 118.0 | |
| Management fees | 37.2 | 53.8 | 45.3 | | |
| Land sales | 59.8 | 48.1 | 79.2 | | |
| Lease / rental | 665.4 | 649.9 | 625.7 | 527.0 | |
| Other real estate | | 3.5 | 31.9 | | |
| Revenue growth [+] | -1.9% | -5.0% | 15.2% | -5.0% | |
| Office | -3.1% | 9.1% | 14.1% | | |
| Apartments | -1.8% | 9.0% | 26.4% | | |
| Development | 35.0% | -20.8% | 7.6% | | |
| Retail | -33.0% | -42.7% | 9.8% | | |
| Cost of goods sold [+] | 398.0 | 445.5 | 493.8 | 482.9 | 642.9 |
| Lease costs | 15.2 | 14.4 | 11.3 | | |
| Real estate taxes and insurance | 85.7 | 90.5 | 91.3 | | |
| Real estate services and land sales costs | 27.7 | 13.7 | 31.4 | | |
| Other direct costs | | 2.7 | 8.1 | | |
| Gross profit | 513.9 | 484.0 | 484.4 | 366.4 | 250.8 |
| Gross margin | 56.4% | 52.1% | 49.5% | 43.1% | 28.1% |
| Selling, general and administrative [+] | 62.1 | 62.7 | 52.0 | 48.7 | 45.0 |
| General and administrative | 62.1 | 62.7 | 52.0 | 48.7 | 45.0 |
| Equity in earnings | 25.2 | 29.7 | 22.3 | 40.8 | |
| Other operating expenses | 63.7 | 55.7 | 89.1 | 31.3 | |
| EBITDA [+] | 413.2 | 395.3 | 365.7 | 327.2 | 205.8 |
| EBITDA growth | 4.5% | 8.1% | 11.8% | 59.0% | |
| EBITDA margin | 45.3% | 42.5% | 37.4% | 38.5% | 23.0% |
| Depreciation | 226.4 | 220.8 | 224.9 | 192.7 | 239.8 |
| EBITA | 186.8 | 174.5 | 140.8 | 134.5 | -34.0 |
| EBITA margin | 20.5% | 18.8% | 14.4% | 15.8% | -3.8% |
| Amortization of intangibles | 21.9 | 30.1 | 28.0 | 3.5 | |
| EBIT [+] | 164.8 | 144.4 | 112.7 | 131.0 | -34.0 |
| EBIT growth | 14.2% | 28.1% | -13.9% | -485.3% | |
| EBIT margin | 18.1% | 15.5% | 11.5% | 15.4% | -3.8% |
| Non-recurring items [+] | 44.3 | 156.8 | 451.4 | 274.0 | 374.4 |
| Asset impairment | 44.3 | 156.8 | 451.4 | 274.0 | 374.4 |
| Interest expense | 120.4 | 131.4 | 157.2 | 194.2 | 250.8 |
| Interest expense | 120.4 | 131.4 | 157.2 | 194.2 | 250.8 |
| Other income (expense), net [+] | 144.8 | -310.3 | 457.8 | 313.8 | 547.9 |
| Amortization of financing costs and debt discount | -5.6 | -5.7 | -7.5 | | |
| Impairment of equity method investments | -10.6 | -306.4 | -13.8 | | |
| Gain (loss) on sale of assets | 110.2 | 13.2 | 20.3 | 52.4 | |
| Gain (loss) on debt retirement | | -24.6 | | | 4.5 |
| Extraordinary gain | | | 486.3 | 230.7 | |
| Other non-operating income | 53.7 | 46.2 | 37.7 | | |
| Other | -53.7 | -46.2 | -37.7 | 42.8 | |
| Pre-tax income | 144.9 | -454.2 | -38.0 | -23.4 | -111.3 |
| Income taxes | -21.6 | 3.7 | -581.8 | -14.3 | 20.9 |
| Tax rate | | | 1529.6% | 61.3% | |
| Minority interest | 9.0 | 5.3 | -3.7 | -13.4 | 54.8 |
| Earnings from continuing ops | 206.0 | -455.7 | 1,093.3 | 9.2 | -5.5 |
| Earnings from discontinued ops | | 96.8 | -52.5 | -16.8 | |
| Net income | 206.0 | -358.9 | 1,040.9 | -7.6 | -5.5 |
| Net margin | 22.6% | -38.6% | 106.4% | -0.9% | -0.6% |
| |
| Basic EPS [+] | $0.78 | ($1.76) | $4.60 | $0.05 | ($0.20) |
| Growth | -144.5% | -138.3% | 9847.4% | -123.1% | |
| Diluted EPS [+] | $0.78 | ($1.76) | $4.36 | $0.05 | ($0.03) |
| Growth | -144.1% | -140.4% | 9320.4% | -254.2% | |
| |
| Dividends per share [+] | $0.46 | $0.34 | | | |
| Growth | 35.4% | | | | |
| |
| Shares outstanding (basic) [+] | 262.5 | 258.5 | 237.6 | 198.5 | 27.5 |
| Growth | 1.5% | 8.8% | 19.7% | 622.8% | |
| Shares outstanding (diluted) [+] | 264.9 | 258.5 | 250.8 | 198.5 | 183.1 |
| Growth | 2.5% | 3.1% | 26.4% | 8.4% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |