Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2011
Summary of Significant Accounting Policies [Abstract]  
Tax Treatment of Common Dividends Per Share for Federal Tax Purposes [Table Text Block]
For income tax purposes, distributions paid to the Company's common shareholders consist of ordinary income, capital gains, return of capital or a combination thereof. Dividends per share were taxable as follows:

Common dividends per share:
 
2011
 
2010
 
2009
Ordinary income
 
$
0.7938

 
$
0.5361

 
$
0.7154

Capital gain
 
—

 
—

 
0.0126

Return of capital
 
—

 
0.2364

 
0.0358

 
 
$
0.7938

 
$
0.7725

 
$
0.7638

GAAP Reconciliation of Net Income to Taxable Income [Table Text Block]
The following reconciles net income available to the Company's shareholders to taxable income available to common shareholders for the years ended December 31, 2011, 2010 and 2009:

 
 
2011
 
2010
 
2009
Net income available to the Company's shareholders
 
$
44,641

 
$
34,249

 
$
58,019

Preferred share dividends paid
 
—

 
(6,219
)
 
(5,625
)
Book/tax difference on:
 
 
 
 
 
 
Depreciation and amortization
 
16,232

 
23,469

 
27,920

Loss on sale or disposal of real estate
 
(3,113
)
 
(6,706
)
 
(2,449
)
Equity in earnings (losses) from unconsolidated
 
 
 
 
 
 
joint ventures
 
2,482

 
1,326

 
919

Share-based payment compensation
 
(491
)
 
(3,154
)
 
(1,919
)
Gain on acquisition
 
—

 
—

 
(26,946
)
Gain on exchange of convertible notes
 
—

 
—

 
(10,285
)
Other differences
 
997

 
(5,169
)
 
3,191

Taxable income available to common shareholders
 
$
60,748

 
$
37,796

 
$
42,825