Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v2.4.0.6
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenue        
Real estate rental revenue $ 76,777 $ 71,684 $ 153,276 $ 140,888
Expenses        
Real estate expenses 25,479 23,801 51,492 47,052
Depreciation and amortization 25,591 22,526 51,585 44,422
Acquisition costs 254 322 308 1,971
General and administrative 4,164 4,049 7,770 7,751
Total expenses 55,488 50,698 111,155 101,196
Real estate operating income 21,289 20,986 42,121 39,692
Other income (expense)        
Interest expense (15,533) (16,865) (31,428) (33,758)
Other income 252 310 496 616
Total other income (expense) (15,281) (16,555) (30,932) (33,142)
Income from continuing operations 6,008 4,431 11,189 6,550
Discontinued operations:        
Income from operations of properties sold or held for sale 0 3,298 0 5,867
Income tax expense 0 (1,173) 0 (1,173)
Net income 6,008 6,556 11,189 11,244
Less: Net income attributable to noncontrolling interests in subsidiaries 0 (34) 0 (57)
Net income attributable to the controlling interests $ 6,008 $ 6,522 $ 11,189 $ 11,187
Basic net income (loss) attributable to the controlling interests per share        
Continuing operations $ 0.09 $ 0.07 $ 0.16 $ 0.10
Discontinued operations $ 0.00 $ 0.03 $ 0.00 $ 0.07
Net income attributable to the controlling interests per share $ 0.09 $ 0.10 $ 0.16 $ 0.17
Diluted net income (loss) attributable to the controlling interests per share        
Continuing operations $ 0.09 $ 0.07 $ 0.16 $ 0.10
Discontinued operations $ 0.00 $ 0.03 $ 0.00 $ 0.07
Net income attributable to the controlling interests per share $ 0.09 $ 0.10 $ 0.16 $ 0.17
Weighted average shares outstanding - basic 66,241 65,954 66,218 65,920
Weighted average shares outstanding - diluted 66,380 65,989 66,354 65,948
Dividends declared per share $ 0.4338 $ 0.4338 $ 0.8676 $ 0.8676