Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue        
Real estate rental revenue $ 80,570 $ 72,402 $ 158,725 $ 145,953
Expenses        
Real estate expenses 26,214 23,172 52,302 49,341
Depreciation and amortization 25,459 22,720 50,209 45,307
General and administrative 4,049 3,519 7,751 7,302
Total costs and expenses 55,722 49,411 110,262 101,950
Real estate operating income 24,848 22,991 48,463 44,003
Other income (expense)        
Interest expense (17,097) (16,785) (34,223) (33,623)
Acquisition costs (322) (409) (1,971) (464)
Other income 310 297 616 586
Gain (loss) on extinguishment of debt, net       (42)
Total nonoperating income (expenses) (17,109) (16,897) (35,578) (33,543)
Income from continuing operations 7,739 6,094 12,885 10,460
Discontinued operations:        
Gain on sale of real estate   7,942   7,942
Income (loss) from operations of properties sold or held for sale (10) 985 (468) 1,884
Income tax expense (1,173)   (1,173)  
Income (loss) from discontinued operations, net of tax (1,183) 8,927 (1,641) 9,826
Net income 6,556 15,021 11,244 20,286
Less: Net income attributable to noncontrolling interests (34) (27) (57) (76)
Net income attributable to the controlling interests $ 6,522 $ 14,994 $ 11,187 $ 20,210
Basic net income (loss) attributable to the controlling interests per share        
Continuing operations $ 0.12 $ 0.10 $ 0.19 $ 0.17
Discontinued operations $ (0.02) $ 0.14 $ (0.02) $ 0.16
Net income attributable to the controlling interests per share $ 0.10 $ 0.24 $ 0.17 $ 0.33
Diluted net income (loss) attributable to the controlling interests per share        
Continuing operations $ 0.12 $ 0.10 $ 0.19 $ 0.17
Discontinued operations $ (0.02) $ 0.14 $ (0.02) $ 0.16
Net income attributable to the controlling interests per share $ 0.10 $ 0.24 $ 0.17 $ 0.33
Weighted average shares outstanding - basic 65,954 61,171 65,920 60,538
Weighted average shares outstanding - diluted 65,989 61,287 65,948 60,649
Dividends declared and paid per share $ 0.4338 $ 0.4325 $ 0.8675 $ 0.8650