| Dec'09 | Dec'08 | Dec'07 | |||
|---|---|---|---|---|---|
Minimum rents | |||||
1,992 | 2,085 | 1,933 | |||
Tenant recoveries | |||||
883 | 927 | 859 | |||
Overage rents | |||||
52 | 72 | 89 | |||
Land and condominium sales | |||||
45 | 66 | 145 | |||
Management fees and other corporate revenues | |||||
65 | 85 | 106 | |||
Other | |||||
96 | 123 | 127 | |||
Total revenues | |||||
3,135 | 3,361 | 3,261 | |||
Real estate taxes | |||||
280 | 274 | 246 | |||
Property maintenance costs | |||||
232 | 234 | 216 | |||
Marketing | |||||
34 | 43 | 54 | |||
Other property operating costs | |||||
416 | 436 | 418 | |||
Land and condominium sales operations | |||||
50 | 63 | 116 | |||
Provision for doubtful accounts | |||||
30 | 17 | 5 | |||
Property management and other costs | |||||
176 | 184 | 198 | |||
General and administrative | |||||
28 | 39 | 37 | |||
Strategic initiatives | |||||
67 | 18 | - | |||
Provisions for impairment | |||||
1,223 | 116 | 130 | |||
Litigation (benefit) provision | |||||
- | -57 | 89 | |||
Depreciation and amortization | |||||
755 | 759 | 670 | |||
Total expenses | |||||
3,297 | 2,132 | 2,183 | |||
Operating income | |||||
-161 | 1,228 | 1,077 | |||
Interest income | |||||
3 | 3 | 8 | |||
Interest expense | |||||
1,311 | 1,325 | 1,191 | |||
Loss before income taxes, noncontrolling interests, equity in income of Unconsolidated Real Estate Affiliates and reorganization items | |||||
-1,469 | -93 | -104 | |||
(Provision for) benefit from income taxes | |||||
-14 | 23 | -294 | |||
Equity in income of Unconsolidated Real Estate Affiliates | |||||
4 | 80 | 158 | |||
Reorganization items | |||||
-146 | - | - | |||
Loss from continuing operations | |||||
-1,303 | -36 | 347 | |||
Discontinued operations - gain (loss) on dispositions | |||||
-0 | 55 | - | |||
Net loss | |||||
-1,304 | 18 | 347 | |||
Allocation to noncontrolling interests | |||||
-20 | 13 | 73 | |||
Net loss attributable to common stockholders | |||||
-1,284 | 4 | 273 | |||
Continuing operations (in dollars per share) | |||||
-4.11 | -0.16 | 1.12 | |||
Discontinued operations (in dollars per share) | |||||
- | 0.18 | - | |||
Total basic loss per share (in dollars per share) | |||||
-4.11 | 0.02 | 1.12 | |||
Continuing operations (in dollars per share) | |||||
-4.11 | -0.16 | 1.12 | |||
Discontinued operations (in dollars per share) | |||||
- | 0.18 | - | |||
Total diluted loss per share (in dollars per share) | |||||
-4.11 | 0.02 | 1.12 | |||
Dividends declared per share (in dollars per share) | |||||
0.19 | 1.50 | 1.85 | |||
Net loss | |||||
-1,304 | 18 | 347 | |||
Net unrealized (losses) gains on financial instruments | |||||
18 | -32 | -2 | |||
Accrued pension adjustment | |||||
0 | -1 | 0 | |||
Foreign currency translation | |||||
47 | -75 | 34 | |||
Unrealized gains on available-for-sale securities | |||||
0 | -0 | -0 | |||
Other comprehensive income | |||||
66 | -109 | 31 | |||
Other comprehensive loss allocated to noncontrolling interests | |||||
10 | -18 | 5 | |||
Comprehensive loss, net, attributable to common stockholders | |||||
-1,248 | -73 | 373 | |||