In millions, except per share items | Mar-31-11 | Dec-31-10 | Sep-30-10 | Jun-30-10 | Mar-31-10 | Dec-31-09 | Sep-30-09 | Jun-30-09 |
| 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Revenues: | | | | | | | | |
Rental income | 671.2 | | 653.4 | 637.8 | 632.9 | | 661.5 | |
Property management and other fees and incentives | 86.7 | | 86.2 | 102.8 | 106.2 | | 111.2 | |
Development management and other income | 11.7 | | 8.5 | 6.7 | 5.9 | | 7.6 | |
Total revenues | 769.6 | | 748.1 | 747.3 | 745.1 | | 960.5 | |
|
Expenses: | | | | | | | | |
Rental expenses | 197.7 | | 190.6 | 189.4 | 193.0 | | 203.5 | |
Investment management expenses | 30.3 | | 30.1 | 30.4 | 31.3 | | 31.6 | |
General and administrative | 163.2 | 166.0 | 168.0 | 171.7 | 174.2 | 180.5 | 165.3 | 176.8 |
Reduction in workforce | | | | | | | 11.7 | |
Depreciation and amortization | 316.2 | 308.7 | 299.7 | 285.9 | 275.3 | 274.7 | 283.0 | 277.9 |
Other expenses | 16.8 | 16.4 | 18.9 | 21.9 | 21.9 | 24.0 | 36.4 | 31.5 |
Total expenses | 628.8 | | 610.3 | 646.1 | 733.2 | | 756.2 | |
Operating income (loss) | -611.3 | -614.4 | -101.5 | -138.1 | -227.4 | -34.9 | -37.1 | 77.1 |
|
Other income (expense): | | | | | | | | |
Other income (expense), net | 4.0 | 10.5 | -30.7 | -48.1 | -45.8 | -43.7 | -14.4 | -83.6 |
Net gains on dispositions of investments in real estate | 50.6 | | 58.7 | 36.4 | 33.3 | | 24.0 | |
Foreign currency exchange gains (losses), net | 14.0 | 16.3 | 1.9 | 9.1 | 7.3 | 34.2 | 150.2 | 146.9 |
Gain (loss) on early extinguishment of debt, net | | -201.5 | -49.4 | -35.6 | 106.7 | 172.3 | 173.2 | |
Total other income (expense) | -250.0 | | -309.9 | -296.5 | -105.5 | | -7.1 | |
Loss before income taxes | -1,569.8 | -1,632.9 | -709.4 | -732.5 | -630.9 | -340.0 | -585.5 | -500.6 |
Current income tax expense | 11.6 | | 15.9 | 5.7 | 17.7 | | 30.1 | 34.8 |
Deferred income tax expense (benefit) | -38.0 | | -40.4 | -47.5 | -15.4 | | -20.7 | |
Total income taxes | -32.3 | -30.5 | -28.1 | -45.2 | -1.2 | 6.0 | 10.3 | 41.7 |
Tax rate | | 1.9% | | 6.2% | | -1.8% | -1.8% | -8.3% |
Loss from continuing operations | -82.7 | | -147.5 | -153.5 | -95.9 | | 187.8 | |
|
Discontinued operations: | | | | | | | | |
Income attributable to disposed properties and assets held for sale | 6.5 | | 20.8 | 23.7 | 32.3 | | 11.7 | |
|
Net gains on dispositions/impairment of properties: | | | | | | | | |
Total discontinued operations | 311.4 | 331.9 | 169.8 | 178.9 | 383.7 | 369.9 | 127.0 | 118.7 |
Consolidated net earnings (loss) | -147.9 | | -257.1 | -259.8 | 20.4 | | 403.6 | 471.1 |
Net earnings attributable to noncontrolling interests | 0.1 | 0.0 | -0.8 | -0.8 | -1.1 | -1.2 | -1.1 | -2.4 |
Net earnings (loss) attributable to controlling interests | -1,226.6 | -1,271.1 | -512.2 | -508.9 | -246.9 | 23.0 | -469.8 | -455.6 |
Less preferred share dividends | 19.1 | | 19.1 | 19.1 | 19.1 | | 19.1 | |
Net loss attributable to common shares | -1,251.4 | -1,295.9 | -537.8 | -534.5 | -272.5 | -2.7 | -495.4 | -451.5 |
|
Weighted average common shares outstanding - Basic | 385.0 | 361.1 | 363.1 | 357.0 | 339.5 | 287.7 | 282.0 | 234.6 |
Weighted average common shares outstanding - Diluted | 385.0 | 361.1 | 362.3 | 356.2 | 339.4 | 288.2 | 281.1 | 234.5 |
|
Net earnings (loss) per share attributable to common shares - Basic: | | | | | | | | |
Continuing operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Discontinued operations | | | | | 0.0 | 0.0 | 0.0 | 0.0 |
|
Net loss per share attributable to common shares - Basic | ($0.16) | | ($0.27) | ($0.27) | $0.37 | | $1.23 | |
|
Net earnings (loss) per share attributable to common shares - Diluted: | | | | | | | | |
Continuing operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Discontinued operations | | | | | 0.0 | 0.0 | 0.0 | 0.0 |
Net loss per share attributable to common shares - Diluted | ($0.16) | | ($0.27) | ($0.27) | $0.36 | | $1.21 | |
|
Distributions per common share | $0.41 | | $0.45 | $0.45 | $0.45 | | $0.55 | |