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, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenue    
Real estate rental revenue $ 76,924 $ 75,214
Expenses    
Real estate expenses 27,091 25,551
Depreciation and amortization 25,524 25,582
Acquisition Costs 213 54
General and administrative 3,862 3,606
Total expenses 56,690 54,793
Real estate operating income 20,234 20,421
Other income (expense)    
Interest expense (16,518) (15,831)
Other income 239 244
Total other income (expense) (16,279) (15,587)
Income from continuing operations 3,955 4,834
Discontinued operations:    
Income from operations of properties sold or held for sale 185 347
Gain on sale of real estate 3,195 0
Net income $ 7,335 $ 5,181
Basic net income per share:    
Continuing operations (in dollars per share) $ 0.06 $ 0.07
Discontinued operations (in dollars per share) $ 0.05 $ 0.01
Net income per share (in dollars per share) $ 0.11 $ 0.08
Diluted net income per share:    
Continuing operations (in dollars per share) $ 0.06 $ 0.07
Discontinued operations (in dollars per share) $ 0.05 $ 0.01
Net income per share (in dollars per share) $ 0.11 $ 0.08
Weighted average shares outstanding - basic (in shares) 66,393 66,194
Weighted average shares outstanding - diluted (in shares) 66,519 66,328
Dividends declared per share (in dollars per share) $ 0.3 $ 0.43375