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Consolidated Balance Sheets - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Jun. 30, 2010	Dec. 31, 2009
ASSETS:
Investment properties, at cost	$ 25,296,870	$ 25,336,189
Less - accumulated depreciation	7,243,311	7,004,534
Investment properties, net	18,053,559	18,331,655
Cash and cash equivalents	2,293,242	3,957,718
Tenant receivables and accrued revenue, net	343,588	402,729
Investment in unconsolidated entities, at equity	1,404,367	1,468,577
Deferred costs and other assets	1,168,360	1,155,587
Note receivable from related party	661,500	632,000
Total assets	23,924,616	25,948,266
LIABILITIES:
Mortgages and other indebtedness	17,071,022	18,630,302
Accounts payable, accrued expenses, intangibles, and deferred revenues	920,778	987,530
Cash distributions and losses in partnerships and joint ventures, at equity	346,177	457,754
Other liabilities and accrued dividends	178,141	159,345
Total liabilities	$ 18,516,118	$ 20,234,931
Commitments and contingencies
Limited partners' preferred interest in the Operating Partnership and noncontrolling redeemable interests in properties	$ 82,997	$ 125,815
Series I 6% convertible perpetual preferred stock, 19,000,000 shares authorized, 0 and 8,091,155 issued and outstanding, respectively, at liquidation value		404,558
Stockholders' equity
Series J 8 3/8% cumulative redeemable preferred stock, 1,000,000 shares authorized, 796,948 issued and outstanding, with a liquidation value of $39,847	45,540	45,704
Capital in excess of par value	7,934,140	7,547,959
Accumulated deficit	(3,154,723)	(2,955,671)
Accumulated other comprehensive loss	(69,134)	(3,088)
Common stock held in treasury at cost, 4,003,451 and 4,126,440 shares, respectively	(166,436)	(176,796)
Total stockholders' equity	4,589,417	4,458,137
Noncontrolling interests	736,084	724,825
Total equity	5,325,501	5,182,962
Total liabilities and equity	23,924,616	25,948,266
Class A common stock
Stockholders' equity
Common stock	30	29
Class B common stock
Stockholders' equity
Common stock	$ 0	$ 0

Investment in Unconsolidated Entities	6 Months Ended
Investment in Unconsolidated Entities	Jun. 30, 2010
Investment in Unconsolidated Entities
Investment in Unconsolidated Entities	table style="font-size:10pt; font-family:'Times New Roman',times,serif;" tr td p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2" /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"b5.nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Investment in Unconsolidated Entities /b/font/p ul li style="list-style: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biReal Estate Joint Ventures /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Joint ventures are common in the real estate industry. We use joint ventures to finance properties, develop new properties, and diversify our risk in a particular property or portfolio. We held joint venture ownership interests in 102 properties in the United States as of Junenbsp;30, 2010 and 103 properties as of Decembernbsp;31, 2009. We also held interests in two joint ventures which owned 52nbsp;European shopping centers as of Junenbsp;30, 2010 and 51 as of Decembernbsp;31, 2009. At Junenbsp;30, 2010, we also held interests in eight joint venture properties in Japan, one joint venture property in Mexico, and one joint venture property in South Korea. We account for these joint venture properties using the equity method of accounting. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Substantially all of our joint venture properties are subject to rights of first refusal, buy-sell provisions, or other sale or marketing rights for partners which are customary in real estate joint venture agreements and the industry. Our partners in these joint ventures may initiate these provisions at any time (subject to any applicable lock up or similar restrictions), which could result in either the sale of our interest or the use of available cash or borrowings to acquire a joint venture interest from our partner. /font/p ul li style="list-style: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biLoans to SPG-FCM /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;As part of the Mills acquisition, the Operating Partnership made loans to SPG-FCM and Mills which were used by SPG-FCM and Mills to repay loans and other obligations of Mills, including the redemption of preferred stock, during 2007. As of Junenbsp;30, 2010 and Decembernbsp;31, 2009, the outstanding balance of our remaining loan to SPG-FCM was $661.5nbsp;million and $632.0nbsp;million, respectively. During the six months ended Junenbsp;30, 2010 and 2009, we recorded approximately $4.8nbsp;million and $4.5nbsp;million in interest income (net of inter-entity eliminations), related to this loan, respectively. The loan bears interest at a rate of LIBOR plus 275 basis points and matures on Junenbsp;8, 2011, with an option to extend for one year. /font/p ul li style="list-style: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biInternational Joint Venture Investments /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"binbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;European Joint Ventures./i/b/fontfont size="2"nbsp;nbsp;nbsp;nbsp;We conduct our international operations in Europe through joint ventures. The carrying amount of our total combined investment in these two joint venture investments was $278.3nbsp;million and $298.8nbsp;million as of Junenbsp;30, 2010 and Decembernbsp;31, 2009, respectively, including all related components of accumulated other comprehensive income (loss). We have a 49% ownership interest in Gallerie Commerciali Italia, or GCI, and as of Junenbsp;30, 2010 we held a 50% interest in Simon Ivanhoe. As discussed further in Notenbsp;11, on Julynbsp;15, 2010 we and our joint venture partner, Ivanhoe Cambridgenbsp;Inc., or Ivanhoe Cambridge, sold our collective interests in Simon Ivanhoe to Unibail-Rodamco. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"binbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Asian Joint Ventures./i/b/fontfont size="2"nbsp;nbsp;nbsp;nbsp;We conduct our international Premium Outlet operations in Japan through a joint venture with Mitsubishi Estatenbsp;Co.,nbsp;Ltd. The carrying amount of our investment in this Premium Outlet joint venture in Japan was $314.2nbsp;million and $302.2nbsp;million as of Junenbsp;30, 2010 and Decembernbsp;31, 2009, respectively, including all related components of accumulated other comprehensive income (loss). We have a 40% ownership in these Japan Premium Outlets. As of Junenbsp;30, 2010 and Decembernbsp;31, 2009, respectively, our investment in our Premium Outlet in Korea, for which we hold a 50% ownership interest, approximated $27.1nbsp;milli on and $26.1nbsp;million including all related components of accumulated other comprehensive income (loss). /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;We account for all of our international joint venture investments using the equity method of accounting. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"bSummary Financial Information /b/font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;A summary of our investments in joint ventures and share of income from such joint ventures follows. We condensed into separate line items major captions of the statements of operations for joint venture interests sold or consolidated. Consolidation occurs when we acquire an additional interest in the joint venture and as a result, gain control of the property or become the primary beneficiary of a VIE. Balance sheet information for the joint ventures is as follows:/font/p div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"!-- COMMAND=ADD_TABLEWIDTH,"100%" --/font/p !-- User-specified TAGGED TABLE -- div align="center" table cellspacing="0" cellpadding="0" width="100%" border="0" tr style="HEIGHT: 0px"!-- TABLE COLUMN WIDTHS SET -- td style="FONT-FAMILY: times" align="left" width="10"/td td style="FONT-FAMILY: times" align="left"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="7"/td td style="FONT-FAMILY: times" width="68"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="7"/td td style="FONT-FAMILY: times" width="68"/td td style="FONT-FAMILY: times" width="12"/td!-- TABLE COLUMN WIDTHS END --/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left" colspan="2"font size="2"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="2"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biJunenbsp;30,br / 2010 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biDecembernbsp;31,br / 2009 /i/b/font/th th style="FONT-FAMILY: times"font size="2"nbsp;/font/th/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bBALANCE SHEETS /b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bAssets:/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Investment properties, at cost/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b21,227,152/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"21,555,729/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Lessnbsp;#151; accumulated depreciation/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b4,820,356/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"4,580,679/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"nbsp;/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b16,406,796/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"16,975,050/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Cash and cash equivalents/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b802,650/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"771,045/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Tenant receivables and accrued revenue, net/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b399,128/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"364,968/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Investment in unconsolidated entities, at equity/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b165,048/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"235,173/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Deferred costs and other assets/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b485,445/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"477,223/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Total assets/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b18,259,067/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"18,823,459/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-TOP: 12pt; MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bLiabilities and Partners' Equity:/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Mortgages and other indebtedness/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b16,069,893/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"16,549,276/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Accounts payable, accrued expenses, intangibles, and deferred revenue/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b755,785/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"834,668/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Other liabilities/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b928,664/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"920,596/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Total liabilities/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b17,754,342/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"18,304,540/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Preferred units/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b67,450/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"67,450/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Partners' equity/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b437,275/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"451,469/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Total liabilities and partners' equity/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b18,259,067/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"18,823,459/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-TOP: 12pt; MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bOur Share of:/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Partners' equity/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b254,458/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"316,800/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Add: Excess Investment/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b803,732/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"694,023/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Our net Investment in Joint Ventures/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b1,058,190/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"1,010,823/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr/table/div !-- end of user-specified TAGGED TABLE --/div p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;"Excess Investment" represents the unamortized difference of our investment over our share of the equity in the underlying net assets of the joint ventures acquired. We amortize excess investment over the life of the related properties, typically no greater than 40nbsp;years, and the amortization is included in the reported amount of income from unconsolidated entities. /font/p div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"!-- COMMAND=ADD_TABLEWIDTH,"100%" --/font/p !-- User-specified TAGGED TABLE -- div align="center" table cellspacing="0" cellpadding="0" width="100%" border="0" tr style="HEIGHT: 0px"!-- TABLE COLUMN WIDTHS SET -- td style="FONT-FAMILY: times" align="left" width="10"/td td style="FONT-FAMILY: times" align="left" width="10"/td td style="FONT-FAMILY: times" align="left"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="7"/td td style="FONT-FAMILY: times" width="56"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="7"/td td style="FONT-FAMILY: times" width="56"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="7"/td td style="FONT-FAMILY: times" width="61"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="7"/td td style="FONT-FAMILY: times" width="61"/td td style="FONT-FAMILY: times" width="12"/td!-- TABLE COLUMN WIDTHS END --/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left" colspan="3"font size="2"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"font size="1"biFor thebr / Three Months Endedbr / Junenbsp;30,/i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"font size="1"biFor thebr / Six Months Endedbr / Junenbsp;30,/i/b/font/th th style="FONT-FAMILY: times"font size="2"nbsp;/font/th/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left" colspan="3"font size="2"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2010 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2009 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2010 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2009 /i/b/font/th th style="FONT-FAMILY: times"font size="2"nbsp;/font/th/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bSTATEMENTS OF OPERATIONS /b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bRevenue:/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; 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TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Overage rent/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b25,159/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"30,358/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b56,337/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"50,937/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Tenant reimbursements/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b230,039/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"239,202/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b464,615/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"476,644/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Other income/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b52,687/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"40,663/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b98,727/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"78,907/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="3"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Total revenue/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b793,189/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"801,112/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b1,598,797/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"1,564,054/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-TOP: 12pt; 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TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Property operating/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b155,272/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"162,385/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b309,733/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"311,325/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 10pt; 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TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"(Loss) income from unconsolidated entities/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b(602/b/font/td td style="FONT-FAMILY: times"font size="2"b)/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"1,555/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b(1,041/b/font/td td style="FONT-FAMILY: times"font size="2"b)/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"787/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; 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FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bNet Income/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b101,090/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"61,217/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b175,203/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"111,688/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="3"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bThird-Party Investors' Share of Net Income/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b58,653/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"41,711/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b103,689/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"72,890/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="3"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bOur Share of Net Income/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b42,437/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"19,506/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b71,514/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"38,798/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bAmortization of Excess Investment/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b(11,486/b/font/td td style="FONT-FAMILY: times"font size="2"b)/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"(14,012/font/td td style="FONT-FAMILY: times"font size="2")/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b(22,981/b/font/td td style="FONT-FAMILY: times"font size="2"b)/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"(27,759/font/td td style="FONT-FAMILY: times"font size="2")/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bOur Share of Gain on Sale or Disposal of Assets (net)/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b(20,337/b/font/td td style="FONT-FAMILY: times"font size="2"b)/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"#151;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b(20,337/b/font/td td style="FONT-FAMILY: times"font size="2"b)/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"#151;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="3"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="3" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"bIncome from Unconsolidated Entities/b/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b10,614/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"5,494/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b28,196/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"11,039/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="3"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr/table/div !-- end of user-specified TAGGED TABLE --/div/td/tr/table

Equity

6 Months Ended

Jun. 30, 2010

Equity

Equity

7. Equity

During the first six months of 2010, we issued 166,608 shares of common stock to thirty-seven limited partners in exchange for an equal number of units.

On May 13, 2010, the Operating Partnership issued 77,798 units to the owners of Prime Outlets Acquisition Company in connection with the acquisition of a property located in Barceloneta, Puerto Rico.

As of the end of the first quarter of 2010 and through April 14, 2010, holders of our Series I 6% Convertible Perpetual Preferred Stock, or Series I Preferred Stock, and holders of the Operating Partnership's 6% Series I Convertible Perpetual Preferred Units, or Series I Preferred Units, could elect to convert their Series I Preferred Stock into shares of our common stock or Series I Preferred Units into units of the Operating Partnership or Series I Preferred Stock. The optional conversion election resulted from the closing sale price of our common stock exceeding the applicable trigger price per share for a period of 20 trading days in the last 30 trading days of the prior quarter. Each share of Series I Preferred Stock and Series mp;nbsp;I Preferred Unit was convertible into common stock or units at a conversion ratio of .847495. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;On Marchnbsp;17, 2010, we announced that we would redeem all of the outstanding shares of our Seriesnbsp;I Preferred Stock and the Operating Partnership's Seriesnbsp;I Preferred Units on Aprilnbsp;16, 2010. The redemption price was equal to the liquidation value per share plus accumulated and unpaid dividends through the redemption date or $50.4917 per share or unit. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Through the redemption date of Aprilnbsp;16, 2010, holders of Seriesnbsp;I Preferred Stock converted 7,871,276 shares of Seriesnbsp;I Preferred Stock into 6,670,589 shares of our common stock and holders of Seriesnbsp;I Preferred Units converted 1,017,480 Seriesnbsp;I Preferred Units into 862,292 units of the Operating Partnership at a conversion ratio of .847495. We redeemed the remaining 219,879 shares of Seriesnbsp;I Preferred Stock for $50.4917 per share for an aggregate cash redemption payment of $11.1nbsp;million including accrued dividends. /font/p ul li style="LIST-STYLE-TYPE: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biStock Based Compensation /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;The Compensation Committee of our Board of Directors, or the Board, awarded 1,449 shares of restricted stock as part of the 2008 stock incentive program created under The Simon Property Group,nbsp;L.P. 1998 Stock Incentive Plan, or the Plan, to employees on Aprilnbsp;1, 2010 at a fair market value of $85.01 per share, and a special award of 113,403 on Marchnbsp;16, 2010 at a fair market value of $84.18 per share. On Maynbsp;6, 2010, our non-employee Directors were awarded 8,137 shares of restricted stock under the Plan at a fair market value of $84.88 per share. The fair market value of the restricted stock awarded on Marchnbsp;16 and Aprilnbsp;1, 2010 is being recognized as expense over the four-year vesting service period. The fair market value of the restricted stock awarded on May nbsp;6, 2010 is being recognized as expense over a one-year vesting service period. We issued shares held in treasury to make the awards./font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;On Marchnbsp;16, 2010, the Compensation Committee of our Board approved a Long-Term Incentive Performance Program, or LTIP Program, for certain of our senior executive officers. Awards under the LTIP Program take the form of LTIP Units, a form of limited partnership interest issued by the Operating Partnership. Awarded LTIP Units will be forfeited, in whole or in part, depending on the extent to which our total stockholder return, or TSR, as defined, over the performance period exceeds certain performance targets. During the performance period, participants are entitled to receive 10% of the regular quarterly distributions paid on a unit of the Operating Partnership. As a result, we account for these LTIP awards as participating securities under the two-class method of computing earnings per share. Awarded LT IP Units will be considered earned depending upon the extent to which the applicable TSR benchmarks are achieved during the performance period and, once earned, will become the equivalent of units of limited partnership interest of the Operating Partnership after a two year service-based vesting period, beginning after the end of the performance period. Units are exchangeable for shares of our common stock on a one-for-one basis, or cash, as selected by us. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;The Compensation Committee awarded LTIP Units under three LTIP Programs having one, two and three year performance periods, which end on Decembernbsp;31, 2010, 2011 and 2012. We refer to these three programs as the one, two and three year 2010 LTIP Programs, or the 2010 LTIP Programs. After the end of each performance period, any earned LTIP Units will then be subject to service-based vesting over a period of two years. One-half of the earned LTIP Units will vest on Januarynbsp;1 of each of the second and third years following the end of the applicable performance period, subject to the participant maintaining employment with us through those dates. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;The awards made pursuant to the 2010 LTIP Programs have an aggregate grant date fair value, adjusted for estimated forfeitures and as determined in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, of $7.2nbsp;million for the one-year program, $14.8nbsp;million for the two-year program and $23.0nbsp;million for the three-year program. Grant date fair value was estimated based upon the results of a Monte Carlo model, and the resulting expense will be recorded regardless of whether the TSR benchmarks are achieved. The grant date fair value is being amortized into expense over the period from the grant date to the date at which the awards, if any, become vested. During the six months ended Junenbsp;30, 2010, we recognized $6.2nbsp;million of com pensation expense under the LTIP Programs. /font/p ul li style="LIST-STYLE-TYPE: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biChanges in Equity /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;The following table provides a reconciliation of the beginning and ending carrying amounts of total equity, equity attributable to common stockholders and equity attributable to noncontrolling interests: /font/p div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 63.79%; PADDING-TOP: 0pt; POSITION: relative; HEIGHT: 368px" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="1"!-- COMMAND=ADD_TABLEWIDTH,"150%" --/font/p !-- User-specified TAGGED TABLE -- div align="center" table cellspacing="0" cellpadding="0" width="150%" border="0" tr style="HEIGHT: 0px"!-- TABLE COLUMN WIDTHS SET -- td style="FONT-FAMILY: times" align="left"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="42"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="41"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="67"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="50"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="56"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="61"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="65"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="50"/td td style="FONT-FAMILY: times" width="12"/td!-- TABLE COLUMN WIDTHS END --/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left"font size="1"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biPreferredbr / Stock /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biCommonbr / Stock /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biAccumulatedbr / Otherbr / Comprehensivebr / Income (Loss) /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biCapital inbr / Excess ofbr / Par Value/i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biAccumulatedbr / Deficit /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; 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TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Conversion of limited partner units/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"2,568/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(2,568/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"#151;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; 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TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Adjustment to limited partners' interest from increased ownership in the Operating Partnership/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(11,343/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"11,343/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"#151;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; 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TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Distributions to other noncontrolling interest partners/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(10,710/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(10,710/font/td td style="FONT-FAMILY: times"font size="1")/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; 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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2010	Dec. 31, 2009
Statement
Series I 6% convertible perpetual preferred stock, shares authorized	19,000,000	19,000,000
Series I 6% convertible perpetual preferred stock, shares issued	0	0
Series I 6% convertible perpetual preferred stock, shares outstanding	8,091,155	8,091,155
Capital stock, total shares authorized	850,000,000	850,000,000
Capital stock, par value (in dollars per share)	$ .0001	$ .0001
Capital stock, shares of excess common stock	238,000,000	238,000,000
Capital stock, authorized shares of preferred stock	100,000,000	100,000,000
Series J 8 3/8% cumulative redeemable preferred stock, shares authorized	1,000,000	1,000,000
Series J 8 3/8% cumulative redeemable preferred stock, shares issued	796,948	796,948
Series J 8 3/8% cumulative redeemable preferred stock, shares outstanding	796,948	796,948
Series J 8 3/8% cumulative redeemable preferred stock, liquidation value (in dollars)	$ 39,847	$ 39,847
Common stock held in treasury, shares	4,003,451	4,126,440
Class A common stock
Statement
Common stock, par value (in dollars per share)	$ .0001	$ .0001
Common stock, shares authorized	511,990,000	511,990,000
Common stock, shares issued	296,815,422	289,866,711
Common stock, shares outstanding	296,815,422	289,866,711
Class B common stock
Statement
Common stock, par value (in dollars per share)	$ .0001	$ .0001
Common stock, shares authorized	10,000	10,000
Common stock, shares issued	8,000	8,000
Common stock, shares outstanding	8,000	8,000

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2010	Jun. 30, 2009	Jun. 30, 2010	Jun. 30, 2009
REVENUE:
Minimum rent	$ 580,157	$ 567,633	$ 1,151,767	$ 1,139,047
Overage rent	14,477	13,493	27,688	25,993
Tenant reimbursements	255,693	257,532	511,621	516,294
Management fees and other revenues	28,349	30,055	56,917	60,706
Other income	54,890	34,899	110,644	80,064
Total revenue	933,566	903,612	1,858,637	1,822,104
EXPENSES:
Property operating	101,234	106,836	200,002	212,983
Depreciation and amortization	234,190	251,685	463,099	508,022
Real estate taxes	78,658	83,076	168,387	171,319
Repairs and maintenance	20,605	20,186	44,350	42,774
Advertising and promotion	22,282	19,823	41,118	38,329
Provision for credit losses	4,487	7,066	1,036	20,081
Home and regional office costs	26,744	26,670	44,059	52,833
General and administrative	5,627	5,310	10,739	9,358
Impairment charge		140,478		140,478
Transaction expenses	11,269		14,969
Other	13,003	17,784	28,495	37,013
Total operating expenses	518,099	678,914	1,016,254	1,233,190
OPERATING INCOME	415,467	224,698	842,383	588,914
Interest expense	(261,463)	(244,443)	(525,422)	(470,479)
Loss on extinguishment of debt			(165,625)
Income tax benefit of taxable REIT subsidiaries	510	143	308	2,666
Income from unconsolidated entities	10,614	5,494	28,196	11,039
Gain on sale or disposal of assets and interests in unconsolidated entities	20,024		26,066
CONSOLIDATED NET INCOME (LOSS)	185,152	(14,108)	205,906	132,140
Net income attributable to noncontrolling interests	33,313	123	39,084	33,074
Preferred dividends	(665)	6,529	4,945	13,058
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ 152,504	$ (20,760)	$ 161,877	$ 86,008
BASIC EARNINGS PER COMMON SHARE:
Net income (loss) attributable to common stockholders (in dollars per share)	$ 0.52	$ (0.08)	$ 0.56	$ 0.34
DILUTED EARNINGS PER COMMON SHARE:
Net income (loss) attributable to common stockholders (in dollars per share)	$ 0.52	$ (0.08)	$ 0.56	$ 0.34
Consolidated Net Income (Loss)	$ 185,152	$ (14,108)	$ 205,906	$ 132,140
Unrealized gain (loss) on interest rate hedge agreements	15,368	13,198	19,980	(11,229)
Net loss on derivative instruments reclassified from accumulated other comprehensive loss into interest expense	(3,945)	(3,537)	(7,785)	(7,047)
Currency translation adjustments	(14,610)	7,590	(23,510)	(5,233)
Changes in available-for-sale securities and other	(46,762)	190,030	(67,952)	166,603
Comprehensive income	135,203	193,173	126,639	275,234
Comprehensive income attributable to noncontrolling interests	38,202	41,041	39,084	63,218
Comprehensive income attributable to common stockholders	$ 97,001	$ 152,132	$ 87,555	$ 212,016

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2010	Jun. 30, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated Net Income	$ 205,906	$ 132,140
Adjustments to reconcile consolidated net income to net cash provided by operating activities -
Depreciation and amortization	474,079	511,832
Loss on debt extinguishment	165,625
Impairment charge		140,478
Gain on sale or disposal of assets and interests in unconsolidated entities	(26,066)
Straight-line rent	(10,545)	(14,482)
Equity in income of unconsolidated entities	(28,196)	(11,039)
Distributions of income from unconsolidated entities	48,584	53,922
Changes in assets and liabilities -
Tenant receivables and accrued revenue, net	68,113	86,919
Deferred costs and other assets	(96,022)	(26,856)
Accounts payable, accrued expenses, intangibles, deferred revenues and other liabilities	(24,317)	14,713
Net cash provided by operating activities	777,161	887,627
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions	(56,383)
Funding of loans to related parties	(29,500)	(70,000)
Repayments on loans to related parties		4,700
Capital expenditures, net	(128,678)	(239,711)
Net proceeds from sale of assets	5,811
Investments in unconsolidated entities	(155,236)	(12,988)
Purchase of marketable and non-marketable securities	(13,695)	(134,391)
Sale of marketable securities	26,175
Distributions of capital from unconsolidated entities and other	53,639	68,448
Net cash used in investing activities	(297,867)	(383,942)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sales of common stock and other	3,472	1,639,579
Preferred stock redemptions	(10,994)	(87,689)
Distributions to noncontrolling interest holders in properties	(11,693)	(15,129)
Contributions from noncontrolling interest holders in properties	352	2,704
Preferred distributions of the Operating Partnership	(1,358)	(8,329)
Preferred dividends and distributions to stockholders	(352,154)	(67,361)
Distributions to limited partners	(69,764)	(11,889)
Loss on debt extinguishment	(165,625)
Mortgage and other indebtedness proceeds, net of transaction costs	2,296,533	2,203,016
Mortgage and other indebtedness principal payments	(3,832,539)	(2,303,700)
Net cash (used in) provided by financing activities	(2,143,770)	1,351,202
(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS	(1,664,476)	1,854,887
CASH AND CASH EQUIVALENTS, beginning of period	3,957,718	773,544
CASH AND CASH EQUIVALENTS, end of period	$ 2,293,242	$ 2,628,431

Organization	6 Months Ended
Organization	Jun. 30, 2010
Organization
Organization	table style="font-size:10pt; font-family:'Times New Roman',times,serif;" tr td p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2" /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"b1.nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Organization/b/font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Simon Property Group,nbsp;Inc. is a Delaware corporation that operates as a self-administered and self-managed real estate investment trust, or REIT, under the Internal Revenue Code. Simon Property Group,nbsp;L.P., or the Operating Partnership, is our majority-owned partnership subsidiary that owns all of our real estate properties. In these condensed notes to the unaudited consolidated financial statements, the terms "we", "us" and "our" refer to Simon Property Group,nbsp;Inc., the Operating Partnership, and their subsidiaries. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;We own, develop and manage retail real estate properties, which consist primarily of regional malls, Premium Outlets#174;, The Mills#174;, and community/lifestyle centers. As of Junenbsp;30, 2010, we owned or held an interest in 318 income-producing properties in the United States, which consisted of 161 regional malls, 42 Premium Outlets, 66 community/lifestyle centers, 36 properties acquired in the 2007 acquisition of The Mills Corporation, or the Mills acquisition, and 13 other shopping centers or outlet centers in 41 states and Puerto Rico. Of the 36 properties acquired in the Mills portfolio, 16 of these properties are The Mills, 16 are regional malls, and four are community centers. Internationally, as of Junenbsp;30, 2010, we had ownership interests in 52nbsp;European shopping cente rs (France, Italy and Poland), eight Premium Outlets in Japan, one Premium Outlet in Mexico, and one Premium Outlet in South Korea. On Julynbsp;15, 2010, as discussed in Notenbsp;11, we and our joint venture partner sold our collective interests in Simon Ivanhoe S.#224;.r.l., or Simon Ivanhoe, which owned seven shopping centers located in France and Poland. We have also entered into a definitive agreement to acquire a portfolio of 21 outlet shopping centers as described in Notenbsp;9. /font/p/td/tr/table

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Jun. 30, 2010
Significant Accounting Policies
Significant Accounting Policies	table style="font-size:10pt; font-family:'Times New Roman',times,serif;" tr td p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2" /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"b3.nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Significant Accounting Policies /b/font/p ul li style="list-style: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biCash and Cash Equivalents /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;We consider all highly liquid investments purchased with an original maturity of 90nbsp;days or less to be cash and cash equivalents. Cash equivalents are carried at cost, which approximates fair value. Cash equivalents generally consist of commercial paper, bankers acceptances, Eurodollars, repurchase agreements, and money markets. Our gift card programs are administered by banks. We collect gift card funds at the point of sale and then remit those funds to the banks for further processing. As a result, cash and cash equivalents, as of Junenbsp;30, 2010, include a balance of $35.7nbsp;million related to these gift card programs which we do not consider available for general working capital purposes. Financial instruments that potentially subject us to concentrations of credit risk include our cash and cash equivalents and our trade accounts receivable. We place our cash and cash equivalents with institutions with high credit quality. However, at certain times, such cash and cash equivalents may be in excess of FDIC and SIPC insurance limits. /font/p ul li style="list-style: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biMarketable and Non-Marketable Securities /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Marketable securities consist primarily of the investments of our captive insurance subsidiaries, available-for-sale securities, our deferred compensation plan investments, and certain investments held to fund the debt service requirements of debt previously secured by investment properties that have been sold./font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;The types of securities included in the investment portfolio of our captive insurance subsidiaries typically include U.S. Treasury or other U.S. government securities as well as corporate debt securities with maturities ranging from less than 1 to 10nbsp;years. These securities are classified as available-for-sale and are valued based upon quoted market prices or other observable inputs when quoted market prices are not available. The amortized cost of debt securities, which approximates fair value, held by our captive insurance subsidiaries is adjusted for amortization of premiums and accretion of discounts to maturity. Changes in the values of these securities are recognized in accumulated other comprehensive income (loss) until the gain or loss is realized or until any unrealized loss is deemed to be other - -than-temporary. We review any declines in value of these securities for other-than-temporary impairment and consider the severity and duration of any decline in value. To the extent an other-than-temporary impairment is deemed to have occurred, an impairment charge is recorded and a new cost basis is established. Subsequent changes are then recognized through other comprehensive income (loss) unless another other-than-temporary impairment is deemed to have occurred. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Our investment in shares of common stock of Liberty Internationalnbsp;PLC, or Liberty, was also accounted for as an available-for-sale security. Effective at the close of business Maynbsp;7, 2010, Liberty completed a demerger in which it was separated into two companies, Capital Shopping Centres Groupnbsp;PLC, or CSCG, and Capitalnbsp;amp; Counties Propertiesnbsp;PLC, or CAPC. Liberty shareholders acquired the same number of shares of CSCG and CAPC as they owned in Liberty. Our interests in CSCG and CAPC are adjusted to their quoted market price, including a related foreign exchange component. On Maynbsp;7, 2010 we owned 35.4nbsp;million shares of Liberty at a carrying cost of #163;4.52 per share. As a result of the demerger of Liberty, at Junenbsp;30, 2010, we own ed 35.4nbsp;million shares of CSCG at a carrying cost of #163;3.03 per share, and 35.4nbsp;million shares of CAPC at a carrying cost of #163;0.94 per share. The mark-to-market adjustment from Marchnbsp;31, 2010 through Junenbsp;30, 2010 was a $44.9nbsp;million decrease in the value of our investments with a corresponding adjustment in other comprehensive income (loss). The carrying value of our investments in CSCG and CAPC was $166.0nbsp;million and $57.8nbsp;million, respectively, at Junenbsp;30, 2010. Our aggregate net unrealized loss on these investments was approximately $8.0nbsp;million at Junenbsp;30, 2010. The carrying value of our investment in Liberty at Decembernbsp;31, 2009 was $290.0nbsp;million with an unrealized gain of $58.2nbsp;million. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Our insurance subsidiaries are required to maintain statutory minimum capital and surplus as well as maintain a minimum liquidity ratio. Therefore, our access to these securities may be limited. Our deferred compensation plan investments are classified as trading securities and are valued based upon quoted market prices. The investments have a matching liability as the amounts are fully payable to the employees that earned the compensation. Changes in value of these securities and changes to the matching liability to employees are both recognized in earnings and, as a result, there is no impact to consolidated net income. As of Junenbsp;30, 2010 and Decembernbsp;31, 2009, we also had investments of $24.9nbsp;million and $51.7nbsp;million, respectively, which must be used to fund the debt servic e requirements of mortgage debt related to investment properties that previously collateralized the debt. These investments are classified as held-to-maturity and are recorded at amortized cost as we have the ability and intent to hold these investments to maturity. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;We have an investment of $70nbsp;million in a non-marketable security that we account for under the cost method. We regularly evaluate this investment for any other-than-temporary decline in its estimated fair value. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Net unrealized (losses) gains as of Junenbsp;30, 2010 and Decembernbsp;31, 2009 were approximately ($8.6) million and $59.4nbsp;million, respectively, and represented the valuation and related currency adjustments for our marketable securities. As of Junenbsp;30, 2010, we do not consider the decline in value of any of our marketable and non-marketable securities to be an other-than-temporary impairment, as these market value declines, if any, have existed for a short period of time, and, in the case of debt securities, we have the ability and intent to hold these securities to maturity. /font/p ul li style="list-style: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biFair Value Measurements /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;We hold marketable securities that total $413.4nbsp;million and $464.1nbsp;million at Junenbsp;30, 2010 and Decembernbsp;31, 2009, respectively, and are considered to have Levelnbsp;1 fair value inputs. In addition, we have derivative instruments which are classified as having Levelnbsp;2 inputs which consist primarily of interest rate swap agreements and foreign currency forward contracts with a gross liability balance of $23.0nbsp;million and $13.0nbsp;million at Junenbsp;30, 2010 and Decembernbsp;31, 2009, respectively, and a gross asset balance of $18.1nbsp;million and $0.3nbsp;million, respectively. We also have interest rate cap agreements with a minimal asset value. Levelnbsp;1 fair value inputs are quoted prices for identical items in active, liquid and visible markets such as stock exchanges. Levelnbsp;2 fair value inputs are observable information for similar items in active or inactive markets, and appropriately consider counterparty creditworthiness in the valuations. Levelnbsp;3 fair value inputs reflect our best estimate of inputs and assumptions market participants would use in pricing an asset or liability at the measurement date. The inputs are unobservable in the market and significant to the valuation estimate. Notenbsp;6 includes a discussion of the fair value of debt. /font/p ul li style="list-style: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biNoncontrolling Interests and Temporary Equity/i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Details of the carrying amount of our noncontrolling interests are as follows:/font/p div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 20%; WIDTH: 60%; PADDING-TOP: 0pt; POSITION: relative" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"!-- COMMAND=ADD_TABLEWIDTH,"100%" --/font/p !-- User-specified TAGGED TABLE -- div align="center" table cellspacing="0" cellpadding="0" width="100%" border="0" tr style="HEIGHT: 0px"!-- TABLE COLUMN WIDTHS SET -- td style="FONT-FAMILY: times" align="left"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="7"/td td style="FONT-FAMILY: times" width="56"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="7"/td td style="FONT-FAMILY: times" width="64"/td td style="FONT-FAMILY: times" width="12"/td!-- TABLE COLUMN WIDTHS END --/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left"font size="2"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biAs ofbr / Junenbsp;30,br / 2010 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"biAs ofbr / Decembernbsp;31,br / 2009/i/b/font/th th style="FONT-FAMILY: times"font size="2"nbsp;/font/th/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Limited partners' interests in the Operating Partnership/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b908,997/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"892,603/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Nonredeemable noncontrolling deficit interests in properties, net/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"b(172,913/b/font/td td style="FONT-FAMILY: times"font size="2"b)/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="2"(167,778/font/td td style="FONT-FAMILY: times"font size="2")/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 10pt; TEXT-INDENT: -10pt; FONT-FAMILY: times"font size="2"Total noncontrolling interests reflected in equity/font/p/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="2"b736,084/b/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td td style="FONT-FAMILY: times"font size="2"$/font/td td style="FONT-FAMILY: times" align="right"font size="2"724,825/font/td td style="FONT-FAMILY: times"font size="2"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr/table/div !-- end of user-specified TAGGED TABLE --/div p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Net income (loss) attributable to noncontrolling interests (which includes nonredeemable noncontrolling interests in consolidated properties, limited partners' interests in the Operating Partnership and preferred distributions of the Operating Partnership) is a component of consolidated net income. In addition, the individual components of other comprehensive income (loss) are presented in the aggregate for both controlling and noncontrolling interests, with the portion attributable to noncontrolling interests deducted to arrive at comprehensive income (loss) attributable to common stockholders. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;A rollforward of noncontrolling interests is as follows: /font/p div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="1"!-- COMMAND=ADD_TABLEWIDTH,"100%" --/font/p !-- User-specified TAGGED TABLE -- div align="center" table cellspacing="0" cellpadding="0" width="100%" border="0" tr style="HEIGHT: 0px"!-- TABLE COLUMN WIDTHS SET -- td style="FONT-FAMILY: times" align="left" width="8"/td td style="FONT-FAMILY: times" align="left"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="42"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="42"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="42"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="42"/td td style="FONT-FAMILY: times" width="12"/td!-- TABLE COLUMN WIDTHS END --/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left" colspan="2"font size="1"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"font size="1"biFor the Three Monthsbr / Ended Junenbsp;30,/i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"font size="1"biFor the Six Monthsbr / Ended Junenbsp;30,/i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left" colspan="2"font size="1"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2010 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2009 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2010 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2009 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Noncontrolling interest, beginning of period/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="1"b705,107/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"$/font/td td style="FONT-FAMILY: times" align="right"font size="1"521,274/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="1"b724,825/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"$/font/td td style="FONT-FAMILY: times" align="right"font size="1"488,969/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Net income (loss) attributable to noncontrolling interests after preferred distributions/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b33,173/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(4,029/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b37,726/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"24,745/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Distributions to noncontrolling interestholders/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(39,459/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(39,771/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(80,474/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(97,696/font/td td style="FONT-FAMILY: times"font size="1")/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Other Comprehensive income (loss) allocable to noncontrolling interests:/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Unrealized gain (loss) on interest rate hedge agreements/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b2,598/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"3,083/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b3,802/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(1,341/font/td td style="FONT-FAMILY: times"font size="1")/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Net loss on derivative instruments reclassified from accumulated comprehensive income (loss) into interest expense/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(657/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(614/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(1,302/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(1,296/font/td td style="FONT-FAMILY: times"font size="1")/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Currency translation adjustments/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(2,431/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"1,554/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(3,836/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(916/font/td td style="FONT-FAMILY: times"font size="1")/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times"font size="0"nbsp;/font/td td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Changes in available-for-sale securities and other/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(7,842/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"36,895/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(11,885/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"33,697/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"nbsp;/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(8,332/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"40,918/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(13,221/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"30,144/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Adjustment to limited partners' interest from increased ownership in the Operating Partnership/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(9,263/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"155,755/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b11,343/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"188,065/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Units issued to limited partners/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b54,557/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"27,239/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b57,852/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"74,830/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Units converted to common shares/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(300/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(3,014/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b(2,568/b/font/td td style="FONT-FAMILY: times"font size="1"b)/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(12,973/font/td td style="FONT-FAMILY: times"font size="1")/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Other/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b601/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(2,309/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b601/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"(21/font/td td style="FONT-FAMILY: times"font size="1")/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" colspan="2" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Noncontrolling interest, end of period/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="1"b736,084/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"$/font/td td style="FONT-FAMILY: times" align="right"font size="1"696,063/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="1"b736,084/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"$/font/td td style="FONT-FAMILY: times" align="right"font size="1"696,063/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr/table/div !-- end of user-specified TAGGED TABLE --/div ul li style="list-style: none" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"biDerivative Financial Instruments /i/b/font/p/li/ul p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;We record all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. We use a variety of derivative financial instruments in the normal course of business primarily to manage or hedge the risks associated with our indebtedness and interest payments. Our objectives in using interest rate derivatives are to add stability to interest expense and to manage our exposure to interest rate movements. To accomplish this objective, we primarily use interest rate swaps and caps. We require that hedging derivative instruments b e highly effective in reducing the risk exposure that they are designated to hedge. As a result, there was no significant ineffectiveness from any of our derivative activities during the period. We formally designate any instrument that meets these hedging criteria as a hedge at the inception of the derivative contract. We have no credit-risk-related hedging or derivative activities. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;As of Junenbsp;30, 2010, we had the following outstanding interest rate derivatives related to interest rate risk: /font/p div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 25%; WIDTH: 50%; PADDING-TOP: 0pt; POSITION: relative" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"!-- COMMAND=ADD_TABLEWIDTH,"100%" --/font/p !-- User-specified TAGGED TABLE -- div align="center" table cellspacing="0" cellpadding="0" width="100%" border="0" tr style="HEIGHT: 0px"!-- TABLE COLUMN WIDTHS SET -- td style="FONT-FAMILY: times" align="left"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="center" width="53"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="left" width="82"/td!-- TABLE COLUMN WIDTHS END --/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" nowrap="nowrap" align="left" div style="MARGIN-BOTTOM: 0pt; WIDTH: 78pt; BORDER-BOTTOM: #000000 1pt solid"font size="1"biInterest Rate Derivative !-- COMMAND=ADD_SCROPPEDRULE,78pt --/i/b/font/div/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"font size="1"biNumber ofbr / Instruments /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center"font size="1"biNotional Amount /i/b/font/th/tr tr style="HEIGHT: 0px" valign="top" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" valign="bottom"font size="2"Interest Rate Swaps/font/td td style="FONT-FAMILY: times" valign="bottom"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" valign="bottom" align="center"font size="2"4/font/td td style="FONT-FAMILY: times" valign="bottom"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" valign="bottom"font size="2"$693.3nbsp;million/font/td/tr tr style="HEIGHT: 0px" valign="top" bgcolor="white" td style="FONT-FAMILY: times" valign="bottom"font size="2"Interest Rate Caps/font/td td style="FONT-FAMILY: times" valign="bottom"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" valign="bottom" align="center"font size="2"3/font/td td style="FONT-FAMILY: times" valign="bottom"font size="2"nbsp;/font/td td style="FONT-FAMILY: times" valign="bottom"font size="2"$386.7nbsp;million/font/td/tr/table/div !-- end of user-specified TAGGED TABLE --/div p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;The carrying value of our interest rate swap agreements, at fair value, is included within other liabilities and was $22.5nbsp;million and $13.0nbsp;million at Junenbsp;30, 2010 and Decembernbsp;31, 2009, respectively. At Decembernbsp;31, 2009, we also had interest rate swaps with a carrying value of $0.3nbsp;million within deferred costs and other assets. The interest rate cap agreements were of no net value at Junenbsp;30, 2010 and Decembernbsp;31, 2009 and we generally do not apply hedge accounting to these arrangements. The total gross accumulated other comprehensive loss related to our derivative activities, including our share of the other comprehensive loss from joint venture properties, approximated $40.1nbsp;million and $52.3nbsp;million as of Junenbs p;30, 2010 and Decembernbsp;31, 2009, respectively. /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;We are also exposed to fluctuations in foreign exchange rates on financial instruments which are denominated in foreign currencies, primarily in Japan and Europe. We use currency forward contracts to manage our exposure to changes in foreign exchange rates on certain Yen and Euro-denominated receivables and investments. Currency forward contracts involve fixing the USD-Yen or USD-Euro exchange rate for delivery of a specified amount of foreign currency on a specified date. The currency forward contracts are typically cash settled in US dollars for their fair value at or close to their settlement date. We entered into USD-Yen forward contracts during 2009 for approximately #165;3nbsp;billion that we expect to receive through April 2011 at an average exchange rate of 97.1nbsp;USD:JPY. We entered into USD-Yen forward contracts during 2010 for an additional #165;1.7nbsp;billion that we expect to receive through October 2012 at an average exchange rate of 89.0nbsp;USD:JPY. Approximately #165;2.0nbsp;billion remains as of Junenbsp;30, 2010 for both the 2009 and 2010 contracts. The Junenbsp;30, 2010 liability balance related to these forwards was $0.5nbsp;million and is included in other liabilities and accrued dividends. We have reflected the changes in fair value for these forward contracts in earnings. The underlying currency adjustments on the foreign-denominated receivables are also reflected in income and generally offset the amounts in earnings for these forward contracts. We entered into a USD-Euro forward contract during the first quarter of 2010 for approximately #128;95.0nbsp;million at an exchange rate of 1.41 EUR:USD as a net investment hedge. The changes in fair value of the net investment hedge, which matures on Julynbsp;31, 2010, are recor ded to other comprehensive income (loss), of which the total amount was $18.0nbsp;million as of Junenbsp;30, 2010, and is included in deferred costs and other assets. /font/p/td/tr/table

Per Share Data	6 Months Ended
Per Share Data	Jun. 30, 2010
Per Share Data
Per Share Data	table style="font-size:10pt; font-family:'Times New Roman',times,serif;" tr td p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2" /font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"b4.nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Per Share Data/b/font/p p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;We determine basic earnings per share based on the weighted average number of shares of common stock outstanding during the period and we consider any participating securities for purposes of applying the two-class method. We determine diluted earnings per share based on the weighted average number of shares of common stock outstanding combined with the incremental weighted average shares that would have been outstanding assuming all potentially dilutive common shares were converted into shares at the earliest date possible. The following table sets forth the computation of our basic and diluted earnings per share. /font/p div style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; MARGIN-LEFT: 10%; WIDTH: 80%; PADDING-TOP: 0pt; POSITION: relative" p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="1"!-- COMMAND=ADD_TABLEWIDTH,"100%" --/font/p !-- User-specified TAGGED TABLE -- div align="center" table cellspacing="0" cellpadding="0" width="100%" border="0" tr style="HEIGHT: 0px"!-- TABLE COLUMN WIDTHS SET -- td style="FONT-FAMILY: times" align="left"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="60"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="60"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="60"/td td style="FONT-FAMILY: times" width="12"/td td style="FONT-FAMILY: times" align="right" width="6"/td td style="FONT-FAMILY: times" width="60"/td td style="FONT-FAMILY: times" width="12"/td!-- TABLE COLUMN WIDTHS END --/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left"font size="1"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"font size="1"biFor the Three Monthsbr / Ended Junenbsp;30,/i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="5"font size="1"biFor the Six Monthsbr / Ended Junenbsp;30,/i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th/tr tr style="HEIGHT: 0px" valign="bottom" th style="FONT-FAMILY: times" align="left"font size="1"nbsp;/fontbr //th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2010 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2009 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2010 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" align="center" colspan="2"font size="1"bi2009 /i/b/font/th th style="FONT-FAMILY: times"font size="1"nbsp;/font/th/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"bNet Income (Loss) available to Common Stockholdersnbsp;#151; Basic/b/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="1"b152,504/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"$/font/td td style="FONT-FAMILY: times" align="right"font size="1"(20,760/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="1"b161,877/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"$/font/td td style="FONT-FAMILY: times" align="right"font size="1"86,008/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"bEffect of dilutive securities:/b/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Impact to General Partner's interest in Operating Partnership from all dilutive securities and options/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b125/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"#151;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b28/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"14/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"bNet Income (Loss) available to Common Stockholdersnbsp;#151; Diluted/b/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="1"b152,629/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"$/font/td td style="FONT-FAMILY: times" align="right"font size="1"(20,760/font/td td style="FONT-FAMILY: times"font size="1")/font/td td style="FONT-FAMILY: times"font size="1"b$/b/font/td td style="FONT-FAMILY: times" align="right"font size="1"b161,905/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"$/font/td td style="FONT-FAMILY: times" align="right"font size="1"86,022/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"bWeighted Average Shares Outstandingnbsp;#151; Basic/b/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b292,323,804/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"268,289,545/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b289,241,342/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"251,151,636/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Effect of stock options/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b289,931/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"#151;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b302,932/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"259,551/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="#CCEEFF" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"Effect of contingently issuable shares from stock dividends/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b#151;/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"#151;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b#151;/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"1,542,294/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr tr style="HEIGHT: 0px" valign="bottom" bgcolor="white" td style="FONT-FAMILY: times" p style="MARGIN-LEFT: 8pt; TEXT-INDENT: -8pt; FONT-FAMILY: times"font size="1"bWeighted Average Shares Outstandingnbsp;#151; Diluted/b/font/p/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b292,613,735/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"268,289,545/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"b289,544,274/b/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td td style="FONT-FAMILY: times" align="right"font size="1"252,953,481/font/td td style="FONT-FAMILY: times"font size="1"nbsp;/font/td/tr tr style="FONT-SIZE: 1.5pt; HEIGHT: 0px" valign="top" td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times" valign="bottom" align="right" colspan="2"nbsp;/td td style="FONT-FAMILY: times" valign="bottom"nbsp;/td/tr/table/div !-- end of user-specified TAGGED TABLE --/div p style="FONT-FAMILY: times; TEXT-ALIGN: justify"font size="2"nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;For the six months ended Junenbsp;30, 2010, potentially dilutive securities include stock options, convertible preferred stock, units that are exchangeable for common stock, units granted under our long-term incentive performance programs and preferred units that are convertible into common units or exchangeable for our preferred stock. The only securities that had a dilutive effect for the three and six months ended Junenbsp;30, 2010 were stock options. For the six months ended Junenbsp;30, 2009, the only securities that had a dilutive effect were stock options and contingently issuable shares from stock dividends. All potentially dilutive securities were excluded from the calculation of diluted earnings per share for the three months ended Junenbsp;30, 2009 because the effect of their convers ion would have been anti-dilutive to net loss attributable to common stockholders. We accrue dividends when they are declared./font/p/td/tr/table