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 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue        
Real estate rental revenue $ 71,931 $ 65,032 $ 212,819 $ 193,126
Expenses        
Real estate expenses 24,070 21,912 71,124 65,627
Depreciation and amortization 23,479 20,224 67,899 59,574
General and administrative 3,837 3,141 11,588 10,455
Total costs and expenses 51,386 45,277 150,611 135,656
Real estate operating income 20,545 19,755 62,208 57,470
Other income (expense)        
Interest expense (16,508) (16,717) (50,266) (49,662)
Acquisition costs (1,600)   (3,571) (452)
Other income 270 289 886 875
Gain from non-disposal activities   4   4
Loss on extinguishment of debt, net   (238)   (280)
Total nonoperating income (expenses) (17,838) (16,662) (52,951) (49,515)
Income from continuing operations 2,707 3,093 9,257 7,955
Discontinued operations:        
Gain on sale of real estate 56,639   56,639 7,942
Income from operations of properties sold or held for sale 3,655 3,565 9,522 11,047
Income tax benefit (expense) 35   (1,138)  
Income (loss) from discontinued operations, net of tax 60,329 3,565 65,023 18,989
Net income 63,036 6,658 74,280 26,944
Less: Net income attributable to noncontrolling interests in subsidiaries (28) (33) (85) (109)
Net income attributable to the controlling interests $ 63,008 $ 6,625 $ 74,195 $ 26,835
Basic net income (loss) attributable to the controlling interests per share:        
Continuing operations $ 0.04 $ 0.05 $ 0.14 $ 0.13
Discontinued operations $ 0.91 $ 0.06 $ 0.98 $ 0.30
Net income attributable to the controlling interests per share $ 0.95 $ 0.11 $ 1.12 $ 0.43
Diluted net income (loss) attributable to the controlling interests per share:        
Continuing operations $ 0.04 $ 0.05 $ 0.14 $ 0.13
Discontinued operations $ 0.91 $ 0.05 $ 0.98 $ 0.30
Net income attributable to the controlling interests per share $ 0.95 $ 0.10 $ 1.12 $ 0.43
Weighted average shares outstanding - basic 66,017 62,894 65,953 61,332
Weighted average shares outstanding - diluted 66,064 63,055 65,987 61,460
Dividends declared and paid per share $ 0.4338 $ 0.4325 $ 1.3014 $ 1.2975