2011 Q4 Form 10-K Financial Statement

#000119312513086804 Filed on March 01, 2013

View on sec.gov

Income Statement

Concept 2011 Q4 2011 Q3 2011 Q2
Revenue $79.22M $78.25M $78.80M
YoY Change -1.1% -4.8% -4.94%
Cost Of Revenue $18.90M $24.00M $26.40M
YoY Change -31.02% -12.09% -5.71%
Gross Profit $43.90M $52.00M $53.00M
YoY Change -16.86% -5.28% -3.46%
Gross Profit Margin 55.42% 66.45% 67.26%
Selling, General & Admin $5.600M $5.000M $4.800M
YoY Change 3.7% 2.04% -35.14%
% of Gross Profit 12.76% 9.62% 9.06%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.90M $36.00M $31.30M
YoY Change 5.76% -4.0% -18.06%
% of Gross Profit 79.5% 69.23% 59.06%
Operating Expenses $33.40M $37.10M $32.60M
YoY Change -4.84% -4.63% -19.31%
Operating Profit $10.50M $14.90M $20.40M
YoY Change -40.68% -6.87% 40.69%
Interest Expense -$23.10M $24.45M -$25.40M
YoY Change -8.7% -194.02% -3.05%
% of Operating Profit -220.0% 164.07% -124.51%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$11.60M -$12.37M -$3.000M
YoY Change -48.44% -86.06% -83.15%
Income Tax $400.0K -$36.00K $200.0K
% Of Pretax Income
Net Earnings $79.00K -$3.990M $196.0K
YoY Change -100.34% -97.33% -101.45%
Net Earnings / Revenue 0.1% -5.1% 0.25%
Basic Earnings Per Share
Diluted Earnings Per Share $1.074K -$42.92K $2.721K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q4 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.20M $47.90M $34.50M
YoY Change -60.77% -61.4% -59.98%
Cash & Equivalents $10.15M $47.91M $34.50M
Short-Term Investments
Other Short-Term Assets $123.4M $114.8M $114.8M
YoY Change -0.56% -14.58% -13.81%
Inventory
Prepaid Expenses
Receivables $3.100M $3.500M $4.200M
Other Receivables $50.00M $46.30M $43.10M
Total Short-Term Assets $186.7M $212.5M $196.6M
YoY Change -2.25% -30.67% -26.17%
LONG-TERM ASSETS
Property, Plant & Equipment $2.425B $2.433B $2.481B
YoY Change -3.05% -3.04% -7.74%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.700M $1.500M $2.100M
YoY Change -32.0% -51.61% -57.14%
Other Assets $15.20M $13.40M $13.80M
YoY Change -1.94% -4.29% -4.17%
Total Long-Term Assets $2.480B $2.487B $2.539B
YoY Change -3.09% -3.47% -8.11%
TOTAL ASSETS
Total Short-Term Assets $186.7M $212.5M $196.6M
Total Long-Term Assets $2.480B $2.487B $2.539B
Total Assets $2.667B $2.700B $2.736B
YoY Change -3.03% -6.36% -9.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.50M $66.30M $58.60M
YoY Change 6.24% -5.42% -21.45%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $71.50M $66.30M $58.60M
YoY Change 6.24% -5.42% -21.45%
LONG-TERM LIABILITIES
Long-Term Debt $1.480B $1.514B $1.549B
YoY Change -15.11% -19.73% -16.77%
Other Long-Term Liabilities $43.10M $44.00M $44.10M
YoY Change -9.83% -4.97% -10.0%
Total Long-Term Liabilities $1.523B $1.558B $1.593B
YoY Change -14.97% -19.38% -16.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $71.50M $66.30M $58.60M
Total Long-Term Liabilities $1.523B $1.558B $1.593B
Total Liabilities $1.594B $1.671B $1.699B
YoY Change -16.24% -18.52% -16.95%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $911.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $140.0M
YoY Change
Treasury Stock Shares 4.324M shares
Shareholders Equity $1.027B $1.029B $1.037B
YoY Change
Total Liabilities & Shareholders Equity $2.667B $2.700B $2.736B
YoY Change -3.03% -6.36% -9.7%

Cashflow Statement

Concept 2011 Q4 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $79.00K -$3.990M $196.0K
YoY Change -100.34% -97.33% -101.45%
Depreciation, Depletion And Amortization $34.90M $36.00M $31.30M
YoY Change 5.76% -4.0% -18.06%
Cash From Operating Activities $23.40M $26.30M $31.30M
YoY Change -10.34% 2.33% 18.11%
INVESTING ACTIVITIES
Capital Expenditures -$29.50M -$23.00M -$24.60M
YoY Change 39.81% 11.65% -28.7%
Acquisitions
YoY Change
Other Investing Activities $6.100M $41.90M $12.80M
YoY Change -27.38% 175.66% -63.11%
Cash From Investing Activities -$23.50M $19.00M -$11.80M
YoY Change 83.59% -451.85% -4033.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.80M -31.70M 1.500M
YoY Change -66.1% -280.11% -103.15%
NET CHANGE
Cash From Operating Activities 23.40M 26.30M 31.30M
Cash From Investing Activities -23.50M 19.00M -11.80M
Cash From Financing Activities -37.80M -31.70M 1.500M
Net Change In Cash -37.90M 13.60M 21.00M
YoY Change -61.41% -64.12% -200.96%
FREE CASH FLOW
Cash From Operating Activities $23.40M $26.30M $31.30M
Capital Expenditures -$29.50M -$23.00M -$24.60M
Free Cash Flow $52.90M $49.30M $55.90M
YoY Change 12.08% 6.48% -8.36%

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1100000 sqft
CY2010 fr Fair Value Of Restricted Stock And Unit Awards
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CY2010 fr Additions To Investment In Real Estate And Nonacquisition Tenant Improvements And Lease Costs
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CY2010 fr Impairment Of Real Estate Properties
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CY2011 us-gaap Repayments Of Unsecured Debt
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CY2011 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
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CY2011 us-gaap Real Estate Other Deductions
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CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2011 us-gaap Gain Loss On Sale Of Properties Applicable Income Taxes
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CY2011 us-gaap Income Tax Reconciliation Nondeductible Expense
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-54000
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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19664000
CY2011 us-gaap Investment Income Interest
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3922000
CY2011 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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CY2011 us-gaap Real Estate Improvements
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CY2011 us-gaap Profit Loss
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CY2011 us-gaap Earnings Per Share Basic And Diluted
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CY2011 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
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20419000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
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CY2011 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
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95931000
CY2011 us-gaap Proceeds From Collection Of Notes Receivable
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10394000
CY2011 us-gaap Payments For Repurchase Of Other Equity
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CY2011 us-gaap Real Estate Other Acquisitions
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CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1480000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-32273000
CY2011 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
2148000
CY2011 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1033000
CY2011 us-gaap Disposal Group Including Discontinued Operation Interest Expense
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63000
CY2011 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
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CY2011 us-gaap Adjustment For Amortization
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36390000
CY2011 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
4223000
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
80616000 shares
CY2011 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
30587000
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2011 us-gaap Escrow Deposits Related To Property Sales
EscrowDepositsRelatedToPropertySales
1987000
CY2011 us-gaap Provision For Doubtful Accounts
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1110000
CY2011 us-gaap Proceeds From Sale Of Property Held For Sale
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75953000
CY2011 us-gaap Depreciation And Amortization
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119276000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2011 us-gaap Payments For Derivative Instrument Financing Activities
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489000
CY2011 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
1144000
CY2011 us-gaap Straight Line Rent
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7733000
CY2011 us-gaap Payments To Acquire Real Estate
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5277000
CY2011 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
502000
CY2011 us-gaap Operating Leases Rent Expense Net
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1955000
CY2011 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
244451000
CY2011 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
437000
CY2011 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
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-2166000
CY2011 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment Realized Upon Sale Or Liquidation Net Of Tax
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179000
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4115000
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7162000
CY2011 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
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15254000
CY2011 us-gaap Net Income Loss
NetIncomeLoss
-7445000
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-5684000
CY2011 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20638000
CY2011 us-gaap Restricted Stock Expense
RestrictedStockExpense
0
CY2011 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-107677000
CY2011 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-117000
CY2011 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-1494000
CY2011 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-31054000
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
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7029000
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
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-99504000
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RealEstateCostOfRealEstateSold
91312000
CY2011 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1853000
CY2011 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-3027000
CY2011 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
255900000
CY2011 us-gaap Loans Assumed1
LoansAssumed1
24417000
CY2011 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
106639000
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3581000
CY2011 us-gaap Gain Loss On Sale Of Properties Before Applicable Income Taxes
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
1370000
CY2011 us-gaap Notes Reduction
NotesReduction
-5040000
CY2011 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
-2661000
CY2011 us-gaap Repayments Of Long Term Lines Of Credit
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618553000
CY2011 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
18871000
CY2011 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
622000
CY2011 us-gaap Gain Loss On Non Recourse Debt
GainLossOnNonRecourseDebt
-147000
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
1282000
CY2011 us-gaap Preferred Stock Dividends Income Statement Impact
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19565000
CY2011 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
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IncomeTaxReconciliationOtherAdjustments
78000
CY2011 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-332000
CY2011 us-gaap Interest Paid Net
InterestPaidNet
100375000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
450000
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-61000
CY2011 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2759000
CY2011 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
315876000
CY2011 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
6528000
CY2011 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1745000
CY2011 us-gaap Other Restructuring Costs
OtherRestructuringCosts
353000
CY2011 us-gaap Deferred Compensation Arrangement With Individual Employer Contribution
DeferredCompensationArrangementWithIndividualEmployerContribution
197000
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
97000
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.24
CY2011 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
7589000
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
202332000
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
980000
CY2011 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
240472000
CY2011 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
21789000
CY2011 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
19565000
CY2011 us-gaap Net Income Loss Available To Common Stockholders Basic
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-27010000
CY2011 us-gaap Restructuring Charges
RestructuringCharges
1553000
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
41000
CY2011 us-gaap Depreciation
Depreciation
95931000
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1876000
CY2011 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3759000
CY2011 us-gaap Business Exit Costs
BusinessExitCosts
1200000
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
697000
CY2011 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-96000
CY2011 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
1773000
CY2011 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-5075000
CY2011 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
71983000
CY2011 us-gaap Interest Expense
InterestExpense
100127000
CY2011 us-gaap Increase Decrease In Fair Value Of Unhedged Derivative Instruments
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-1718000
CY2011 us-gaap Gains Losses On Extinguishment Of Debt
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-5459000
CY2011 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
2933000
CY2011 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-521000
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
202845000
CY2011 us-gaap Transfer Of Other Real Estate
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-3200000
CY2011 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
155000
CY2011 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2162000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
284000
CY2011 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
87534000
CY2011 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
1246000
CY2011 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
0
CY2011 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3963000
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
20946000
CY2011 fr Gain Loss On Change In Control Of Interests
GainLossOnChangeInControlOfInterests
689000
CY2011 fr Write Off Of Fully Depreciated Assets
WriteOffOfFullyDepreciatedAssets
58357000
CY2011 fr Income Loss From Continuing Operations Available To Common Stockholders
IncomeLossFromContinuingOperationsAvailableToCommonStockholders
-46674000
CY2011 fr Number Of Industrial Properties Acquired
NumberOfIndustrialPropertiesAcquired
1 Property
CY2011 fr Number Of Industrial Properties Sold
NumberOfIndustrialPropertiesSold
36 sqft
CY2011 fr Long Lived Assets Held And Used Impairment
LongLivedAssetsHeldAndUsedImpairment
2566000
CY2011 fr Long Lived Assets Held For Sale Impairment
LongLivedAssetsHeldForSaleImpairment
-4451000
CY2011 fr Long Lived Assets Impairment
LongLivedAssetsImpairment
7017000
CY2011 fr Loss Recognized On Retirement Of Debt
LossRecognizedOnRetirementOfDebt
147000
CY2011 fr Franchise Tax Reserve
FranchiseTaxReserve
745000
CY2011 fr Fees Received From Joint Ventures
FeesReceivedFromJointVentures
970000
CY2011 fr Gross Proceeds From Sale Of Industrial Properties
GrossProceedsFromSaleOfIndustrialProperties
86643000
CY2011 fr Impairment Reversal Of Industrial Properties And Land Parcels
ImpairmentReversalOfIndustrialPropertiesAndLandParcels
9678000
CY2011 fr Disposal Group Including Discontinued Depreciation And Amortization
DisposalGroupIncludingDiscontinuedDepreciationAndAmortization
4473000
CY2011 fr Disposal Group Including Discontinued Operations Impairment
DisposalGroupIncludingDiscontinuedOperationsImpairment
4973000
CY2011 fr Distributions And Sale Proceeds From Joint Venture Interests
DistributionsAndSaleProceedsFromJointVentureInterests
650000
CY2011 fr Unamortized Settlement Amount Of Interest Rate Protection Agreements
UnamortizedSettlementAmountOfInterestRateProtectionAgreements
3250000
CY2011 fr Other Comprehensive Income Write Off Of Unamortized Settlement Amounts Of Interest Rate Protection Agreements Net
OtherComprehensiveIncomeWriteOffOfUnamortizedSettlementAmountsOfInterestRateProtectionAgreementsNet
-3250000
CY2011 fr Principal Amount Of Senior Unsecured Notes Repurchased
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112757000
CY2011 fr Purchase Price Senior Unsecured Notes
PurchasePriceSeniorUnsecuredNotes
110667000
CY2011 fr Professional Service Fee
ProfessionalServiceFee
0
CY2011 fr Tenant Reimbursements And Other Income
TenantReimbursementsAndOtherIncome
71425000
CY2011 fr Settlement Payments Of Mark To Market Gains Or Losses
SettlementPaymentsOfMarkToMarketGainsOrLosses
574000
CY2011 fr Percentage Of Consideration Paid Of Net Fair Value Of Acquisition
PercentageOfConsiderationPaidOfNetFairValueOfAcquisition
0.85 pure
CY2011 fr Number Of Land Parcels Sold
NumberOfLandParcelsSold
1 Parcels
CY2011 fr Mortgage Loans Paid Off And Retired Prior To Maturity
MortgageLoansPaidOffAndRetiredPriorToMaturity
62662000
CY2011 fr Unamortized Loan Fees
UnamortizedLoanFees
717000
CY2011 fr Net Income Tax Provision Benefit Associated With Income From Continuing Operations And Gain On Sale Of Real Estate
NetIncomeTaxProvisionBenefitAssociatedWithIncomeFromContinuingOperationsAndGainOnSaleOfRealEstate
-902000
CY2011 fr Impairment Of Real Estate Other
ImpairmentOfRealEstateOther
-2661000
CY2011 fr Number Of Industrial Properties Transferred To Lender
NumberOfIndustrialPropertiesTransferredToLender
1 Property
CY2011 fr Square Footage Of Real Estate Properties Acquired
SquareFootageOfRealEstatePropertiesAcquired
700000 sqft
CY2011 fr Purchase Price Of Industrial Properties
PurchasePriceOfIndustrialProperties
30625000
CY2011 fr Square Footage Of Industrial Properties Sold
SquareFootageOfIndustrialPropertiesSold
2900000 sqft
CY2011 fr Fair Value Of Restricted Stock And Unit Awards
FairValueOfRestrictedStockAndUnitAwards
3248000
CY2011 fr Additions To Investment In Real Estate And Nonacquisition Tenant Improvements And Lease Costs
AdditionsToInvestmentInRealEstateAndNonacquisitionTenantImprovementsAndLeaseCosts
85247000
CY2011 fr Impairment Of Real Estate Properties
ImpairmentOfRealEstateProperties
-7634000
CY2005 fr Franchise Tax Reserve
FranchiseTaxReserve
745000
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000921825
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012 dei Trading Symbol
TradingSymbol
FR
CY2012 dei Entity Registrant Name
EntityRegistrantName
FIRST INDUSTRIAL REALTY TRUST INC
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
339000000
CY2012 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1528000
CY2012 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
166153000
CY2012 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
-6296000
CY2012 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
28655000
CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
49000
CY2012 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Reclassifications and Other Presentation Matters</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Certain reclassifications have been made to the 2011 and 2010 financial statements to conform to the 2012 presentation. Additionally, the results of operations for the year ended December&#xA0;31, 2012 includes $1,528 of depreciation and amortization expense which should have been recorded as depreciation and amortization expense during previous periods. Management evaluated these depreciation and amortization expense adjustments and believes they are not material to the results of the current period or any previous period.</font></p> </div>
CY2012 us-gaap Profit Loss
ProfitLoss
-2519000
CY2012 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.24
CY2012 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
12665000
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-42235000
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
2874000
CY2012 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
3777000
CY2012 us-gaap Real Estate Improvements
RealEstateImprovements
74116000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
9.57
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
12.50
CY2012 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P10M24D
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
25201 shares
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
32000
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
13923000
CY2012 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
100074000
CY2012 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
14365000
CY2012 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
2690000
CY2012 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
65770000
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
32000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-17793000
CY2012 us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
5522000
CY2012 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
1580000
CY2012 us-gaap Derivative Inception Dates
DerivativeInceptionDates
2008-10-01
CY2012 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.39
CY2012 us-gaap Adjustment For Amortization
AdjustmentForAmortization
35097000
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
91468000 shares
CY2012 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
31757000
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-15241000
CY2012 us-gaap Income Tax Examination Interest Expense
IncomeTaxExaminationInterestExpense
542000
CY2012 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
542000
CY2012 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
82503000
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
120897000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-5220000
CY2012 us-gaap Payments For Derivative Instrument Financing Activities
PaymentsForDerivativeInstrumentFinancingActivities
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CY2012 us-gaap Write Off Of Deferred Debt Issuance Cost
WriteOffOfDeferredDebtIssuanceCost
1172000
CY2012 us-gaap Fair Value Assets And Liabilities Measured On Recurring Basis Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisGainLossIncludedInEarnings
-841000
CY2012 us-gaap Straight Line Rent
StraightLineRent
3504000
CY2012 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
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CY2012 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
253000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
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CY2012 us-gaap Operating Leases Income Statement Minimum Lease Revenue
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255565000
CY2012 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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CY2012 us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
2421000
CY2012 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
-2271000
CY2012 us-gaap Revenue Recognition Percentage Of Completion Method
RevenueRecognitionPercentageOfCompletionMethod
<div> <p style="MARGIN-TOP: 18px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 2%"> <font style="FONT-FAMILY: Times New Roman" size="2"><b><i>Construction Revenues and Expenses</i></b></font></p> <p style="MARGIN-TOP: 6px; TEXT-INDENT: 4%; MARGIN-BOTTOM: 0px"> <font style="FONT-FAMILY: Times New Roman" size="2">Construction revenues and expenses represent revenues earned and expenses incurred in connection with a subsidiary of the Company acting as a development manager to construct industrial properties for third parties. We use the percentage-of-completion contract method to recognize revenue. Using this method, revenues are recorded based on estimates of the percentage of completion of individual contracts. The percentage of completion estimates are based on a comparison of the contract expenditures incurred to the estimated final costs. Changes in job performance, job conditions and estimated profitability may result in revisions to costs and income and are recognized in the period in which the revisions are determined.</font></p> </div>
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
5550000
CY2012 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
1545000
CY2012 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
23258000
CY2012 us-gaap Increase Decrease In Outstanding Checks Operating Activities
IncreaseDecreaseInOutstandingChecksOperatingActivities
1715000
CY2012 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
50000000
CY2012 us-gaap Net Income Loss
NetIncomeLoss
-1318000
CY2012 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-94104000
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-913000
CY2012 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-20980000
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.00
CY2012 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
10791000
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25103000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-99407000
CY2012 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
94093000
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-166000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
10.92
CY2012 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-1962000
CY2012 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
100599000
CY2012 us-gaap Loans Assumed1
LoansAssumed1
12026000
CY2012 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
105126000
CY2012 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
1804000
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3944000
CY2012 us-gaap Gain Loss On Sale Of Properties Before Applicable Income Taxes
GainLossOnSaleOfPropertiesBeforeApplicableIncomeTaxes
3777000
CY2012 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
1246000
CY2012 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
390000000
CY2012 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
8701000
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
5210000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
-1180858 shares
CY2012 us-gaap Additional Cash And Cash Equivalent Related Text
AdditionalCashAndCashEquivalentRelatedText
Three months or less
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
761000
CY2012 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
18947000
CY2012 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
-5523000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-168000
CY2012 us-gaap Interest Paid Net
InterestPaidNet
83504000
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5522000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
5000
CY2012 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
4582000
CY2012 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
327273000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
-17433 shares
CY2012 us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
7065000
CY2012 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1201000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
565137 shares
CY2012 us-gaap Deferred Compensation Arrangement With Individual Employer Contribution
DeferredCompensationArrangementWithIndividualEmployerContribution
284000
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
273000
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.15
CY2012 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
3660000
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
134436000
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1559000
CY2012 us-gaap Cost Of Real Estate Revenue
CostOfRealEstateRevenue
250962000
CY2012 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
16442000
CY2012 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22069000
CY2012 us-gaap Derivative Maturity Dates
DerivativeMaturityDates
2013-10-01
CY2012 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
18947000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
31.57
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10000
CY2012 us-gaap Depreciation
Depreciation
100074000
CY2012 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-295000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8559000
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-10000
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTax
2019000
CY2012 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3031000
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
39121000
CY2012 us-gaap Interest Expense
InterestExpense
83506000
CY2012 us-gaap Increase Decrease In Fair Value Of Unhedged Derivative Instruments
IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments
-328000
CY2012 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9684000
CY2012 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-3770000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-244000
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
134905000
CY2012 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
190000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
557000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
136422000
CY2012 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
32000
CY2012 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3460000
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
14684000
CY2012 fr Operating Leases Future Minimum Sublease Income
OperatingLeasesFutureMinimumSubleaseIncome
8339
CY2012 fr Number Of Stock Incentive Plans
NumberOfStockIncentivePlans
5 Plans
CY2012 fr Gain Loss On Change In Control Of Interests
GainLossOnChangeInControlOfInterests
776000
CY2012 fr Write Off Of Fully Depreciated Assets
WriteOffOfFullyDepreciatedAssets
46801000
CY2012 fr Income Loss From Continuing Operations Available To Common Stockholders
IncomeLossFromContinuingOperationsAvailableToCommonStockholders
-35992000
CY2012 fr Number Of Years Of Long Dated Treasuries
NumberOfYearsOfLongDatedTreasuries
P30Y
CY2012 fr Number Of Industrial Properties Acquired
NumberOfIndustrialPropertiesAcquired
1 Property
CY2012 fr Number Of Industrial Properties Sold
NumberOfIndustrialPropertiesSold
28 Property
CY2012 fr Number Of Joint Ventures In Which Company Disposed Of Their Equity Interests
NumberOfJointVenturesInWhichCompanyDisposedOfTheirEquityInterests
5 Joint_Ventures
CY2012 fr Number Of Leases With Options To Purchase Properties
NumberOfLeasesWithOptionsToPurchaseProperties
7 Property
CY2012 fr Fees Received From Joint Ventures
FeesReceivedFromJointVentures
516000
CY2012 fr Gross Proceeds From Sale Of Industrial Properties
GrossProceedsFromSaleOfIndustrialProperties
85561000
CY2012 fr Disposal Group Including Discontinued Depreciation And Amortization
DisposalGroupIncludingDiscontinuedDepreciationAndAmortization
1612000
CY2012 fr Disposal Group Including Discontinued Operations Impairment
DisposalGroupIncludingDiscontinuedOperationsImpairment
1410000
CY2012 fr Distributions And Sale Proceeds From Joint Venture Interests
DistributionsAndSaleProceedsFromJointVentureInterests
90000
CY2012 fr Unamortized Settlement Amount Of Interest Rate Protection Agreements
UnamortizedSettlementAmountOfInterestRateProtectionAgreements
3247000
CY2012 fr Other Comprehensive Income Write Off Of Unamortized Settlement Amounts Of Interest Rate Protection Agreements Net
OtherComprehensiveIncomeWriteOffOfUnamortizedSettlementAmountsOfInterestRateProtectionAgreementsNet
-3247000
CY2012 fr Principal Amount Of Senior Unsecured Notes Repurchased
PrincipalAmountOfSeniorUnsecuredNotesRepurchased
106303000
CY2012 fr Purchase Price Senior Unsecured Notes
PurchasePriceSeniorUnsecuredNotes
110613000
CY2012 fr Professional Service Fee
ProfessionalServiceFee
440000
CY2012 fr Tenant Reimbursements And Other Income
TenantReimbursementsAndOtherIncome
71708000
CY2012 fr Settlement Payments Of Mark To Market Gains Or Losses
SettlementPaymentsOfMarkToMarketGainsOrLosses
1169000
CY2012 fr Percentage Of Consideration Paid Of Net Fair Value Of Acquisition
PercentageOfConsiderationPaidOfNetFairValueOfAcquisition
0.85 pure
CY2012 fr Minimum Percentage Of Taxable Income To Be Distributed
MinimumPercentageOfTaxableIncomeToBeDistributed
0.90 pure
CY2012 fr Tenant Improvements Useful Life
TenantImprovementsUsefulLife
Life of lease
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
196000
CY2011Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
477000
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
187000
CY2011Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4947000
CY2011Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
79727000 shares
CY2012 fr Mortgage Loans Paid Off And Retired Prior To Maturity
MortgageLoansPaidOffAndRetiredPriorToMaturity
14112000
CY2012 fr Number Of Land Parcels Sold
NumberOfLandParcelsSold
1 Parcels
CY2012 fr Number Of Industrial Properties With Mortgage Loan Receivable With Bankrupt Tenant
NumberOfIndustrialPropertiesWithMortgageLoanReceivableWithBankruptTenant
1 Property
CY2012 fr Unamortized Loan Fees
UnamortizedLoanFees
728000
CY2012 fr Net Income Tax Provision Benefit Associated With Income From Continuing Operations And Gain On Sale Of Real Estate
NetIncomeTaxProvisionBenefitAssociatedWithIncomeFromContinuingOperationsAndGainOnSaleOfRealEstate
-5522000
CY2012 fr Number Of Industrial Properties Held For Sale
NumberOfIndustrialPropertiesHeldForSale
3 Property
CY2012 fr Square Footage Of Industrial Properties Held For Sale
SquareFootageOfIndustrialPropertiesHeldForSale
400000 sqft
CY2012 fr Impairment Of Real Estate Other
ImpairmentOfRealEstateOther
1246000
CY2012 fr Square Footage Of Real Estate Properties Acquired
SquareFootageOfRealEstatePropertiesAcquired
400000 sqft
CY2012 fr Purchase Price Of Industrial Properties
PurchasePriceOfIndustrialProperties
21819000
CY2012 fr Square Footage Of Industrial Properties Sold
SquareFootageOfIndustrialPropertiesSold
4200000 sqft
CY2012 fr Fair Value Of Restricted Stock And Unit Awards
FairValueOfRestrictedStockAndUnitAwards
7065000
CY2012 fr Additions To Investment In Real Estate And Nonacquisition Tenant Improvements And Lease Costs
AdditionsToInvestmentInRealEstateAndNonacquisitionTenantImprovementsAndLeaseCosts
83222000
CY2012 fr Impairment Of Real Estate Properties
ImpairmentOfRealEstateProperties
-164000
CY2012 fr Income Tax Examination Penalties And Interest Expense Other
IncomeTaxExaminationPenaltiesAndInterestExpenseOther
-5348000
CY2011Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.12
CY2011Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.16
CY2011Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
70639000 shares
CY2011Q1 us-gaap Net Income Loss
NetIncomeLoss
-3730000
CY2011Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
849000
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
196000
CY2011Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4927000
CY2011Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
79603000
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.04
CY2011Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
36000
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8657000
CY2011Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2674000
CY2011Q1 fr Income Loss From Continuing Operations Net Of Income Tax Benefit Provision And Noncontrolling Interest
IncomeLossFromContinuingOperationsNetOfIncomeTaxBenefitProvisionAndNoncontrollingInterest
-6208000
CY2011Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.06
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.09
CY2012Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
84327000
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.01
CY2011Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
78801000
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.03
CY2011Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
99000
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4751000
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2873000
CY2011Q2 fr Income Loss From Continuing Operations Net Of Income Tax Benefit Provision And Noncontrolling Interest
IncomeLossFromContinuingOperationsNetOfIncomeTaxBenefitProvisionAndNoncontrollingInterest
-2490000
CY2012Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.04
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.11
CY2012Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
86575000 shares
CY2012Q1 us-gaap Net Income Loss
NetIncomeLoss
1262000
CY2012Q1 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
536000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
329000
CY2012Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4762000
CY2012Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
80862000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.06
CY2012Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
91000
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3500000
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5953000
CY2012Q1 fr Income Loss From Continuing Operations Net Of Income Tax Benefit Provision And Noncontrolling Interest
IncomeLossFromContinuingOperationsNetOfIncomeTaxBenefitProvisionAndNoncontrollingInterest
-4362000
CY2012Q1 fr Net Income Loss Available To Common Stockholders After Participating Securities Allocation
NetIncomeLossAvailableToCommonStockholdersAfterParticipatingSecuritiesAllocation
-3500000
CY2012Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2012Q2 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.19
CY2012Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
87981000 shares
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
-9528000
CY2012Q2 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
972000
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
134000
CY2012Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4798000
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
82305000
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.03
CY2012Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
37000
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-14326000
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2535000
CY2012Q2 fr Income Loss From Continuing Operations Net Of Income Tax Benefit Provision And Noncontrolling Interest
IncomeLossFromContinuingOperationsNetOfIncomeTaxBenefitProvisionAndNoncontrollingInterest
-11929000
CY2012Q2 fr Net Income Loss Available To Common Stockholders After Participating Securities Allocation
NetIncomeLossAvailableToCommonStockholdersAfterParticipatingSecuritiesAllocation
-14326000
CY2012Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.09
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.09
CY2012Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
97738000 shares
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
-1971000
CY2012Q4 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
466000
CY2012Q4 us-gaap Preferred Stock Redemption Premium
PreferredStockRedemptionPremium
1804000
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
33000
CY2012Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4662000
CY2012Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1403000
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8437000
CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
718000
CY2012Q4 fr Income Loss From Continuing Operations Net Of Income Tax Benefit Provision And Noncontrolling Interest
IncomeLossFromContinuingOperationsNetOfIncomeTaxBenefitProvisionAndNoncontrollingInterest
-2656000
CY2012Q4 fr Net Income Loss Available To Common Stockholders After Participating Securities Allocation
NetIncomeLossAvailableToCommonStockholdersAfterParticipatingSecuritiesAllocation
-8437000
CY2011Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.10
CY2011Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
918000
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.17
CY2011Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
85930000 shares
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
-3990000
CY2011Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
963000
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
360000
CY2011Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4928000
CY2011Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
78252000
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.07
CY2011Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
772000
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8918000
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
6134000
CY2011Q3 fr Noncontrolling Interest Allocable To Gain On Sale Of Real Estate
NoncontrollingInterestAllocableToGainOnSaleOfRealEstate
-56000
CY2011Q3 fr Income Loss From Continuing Operations Net Of Income Tax Benefit Provision And Noncontrolling Interest
IncomeLossFromContinuingOperationsNetOfIncomeTaxBenefitProvisionAndNoncontrollingInterest
-10626000
CY2012Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.04
CY2012Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
3777000
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.01
CY2012Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
93488000 shares
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
8919000
CY2012Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
184000
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
265000
CY2012Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4725000
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
79779000
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.06
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
28000
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
4194000
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
5478000
CY2012Q3 fr Noncontrolling Interest Allocable To Gain On Sale Of Real Estate
NoncontrollingInterestAllocableToGainOnSaleOfRealEstate
-196000
CY2012Q3 fr Income From Discontinued Operation Allocable To Participating Securities
IncomeFromDiscontinuedOperationAllocableToParticipatingSecurities
33000
CY2012Q3 fr Income Loss From Continuing Operations Net Of Income Tax Benefit Provision And Noncontrolling Interest
IncomeLossFromContinuingOperationsNetOfIncomeTaxBenefitProvisionAndNoncontrollingInterest
125000
CY2012Q3 fr Net Income Loss Available To Common Stockholders After Participating Securities Allocation
NetIncomeLossAvailableToCommonStockholdersAfterParticipatingSecuritiesAllocation
4161000
CY2009Q4 us-gaap Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
40418000
CY2011Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.05
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.16
CY2011Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
85941000 shares
CY2011Q4 us-gaap Net Income Loss
NetIncomeLoss
79000
CY2011Q4 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
794000
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
539000
CY2011Q4 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4763000
CY2011Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
79220000
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.10
CY2011Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
73000
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4684000
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
9265000
CY2011Q4 fr Income Loss From Continuing Operations Net Of Income Tax Benefit Provision And Noncontrolling Interest
IncomeLossFromContinuingOperationsNetOfIncomeTaxBenefitProvisionAndNoncontrollingInterest
-8647000

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