06/30/03

06/30/02

12/31/02

12/31/01

12/31/00

12/31/99

12/31/98

Income from continuing operations

$

127,399

$

161,543

$

301,532

$

362,201

$

321,558

$

276,987

$

217,583

Interest and other financing costs

164,532

170,528

337,489

352,903

363,851

328,459

243,531

Amortization of deferred financing costs

3,104

2,962

5,748

5,818

5,432

4,024

2,724

Allocation to Minority Interests – Operating Partnership

18,281

13,784

26,862

32,829

41,761

29,536

18,529

Earnings before combined fixed charges and preferred distributions

313,316

348,817

671,631

753,751

732,602

639,006

482,367

Preferred distributions

48,417

48,781

97,151

106,119

111,941

113,196

92,917

Earnings before combined fixed charges

$

264,899

$

300,036

$

574,480

$

647,632

$

620,661

$

525,810

$

389,450

Interest and other financing costs

$

164,532

$

170,528

$

337,489

$

352,903

$

363,851

$

328,459

$

243,531

Amortization of deferred financing costs

3,104

2,962

5,748

5,818

5,432

4,024

2,724

Interest capitalized for real estate and unconsolidated entities under development

10,923

12,323

27,167

28,174

17,650

8,134

1,620

Total combined fixed charges

178,559

185,813

370,404

386,895

386,933

340,617

247,875

Preferred distributions

48,417

48,781

97,151

106,119

111,941

113,196

92,917

Total combined fixed charges and preferred distributions

$

226,976

$

234,594

$

467,555

$

493,014

$

498,874

$

453,813

$

340,792

Ratio of earnings before combined fixed charges to total combined fixed charges

1.48

1.61

1.55

1.67

1.60

1.54

1.57

Ratio of earnings before combined fixed charges and preferred distributions to total combined fixed charges and preferred distributions

1.38

1.49

1.44

1.53

1.47

1.41

1.42