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 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenue        
Real estate rental revenue $ 65,828 $ 64,471 $ 196,303 $ 190,134
Expenses        
Real estate expenses 23,243 22,527 69,467 64,820
Depreciation and amortization 21,168 21,682 63,328 63,593
Acquisition Costs 148 (164) 448 144
General and administrative 3,850 3,173 11,717 10,943
Total expenses 48,409 47,218 144,960 139,500
Real estate operating income 17,419 17,253 51,343 50,634
Other income (expense)        
Interest expense (15,930) (14,886) (47,944) (43,983)
Other income 220 237 705 733
Total other income (expense) (15,710) (14,649) (47,239) (43,250)
Income from continuing operations 1,709 2,604 4,104 7,384
Discontinued operations:        
Income from operations of properties sold or held for sale 4,131 3,233 11,139 9,642
Gain on sale of real estate 0 3,724 3,195 3,724
Net income 5,840 9,561 18,438 20,750
Less: Net income attributable to noncontrolling interests in subsidiaries $ 0 $ 0 $ 0 $ 0
Basic net income per share:        
Continuing operations (in dollars per share) $ 0.03 $ 0.04 $ 0.06 $ 0.11
Discontinued operations (in dollars per share) $ 0.06 $ 0.10 $ 0.21 $ 0.20
Net income per share (in dollars per share) $ 0.09 $ 0.14 $ 0.27 $ 0.31
Diluted net income per share:        
Continuing operations (in dollars per share) $ 0.03 $ 0.04 $ 0.06 $ 0.11
Discontinued operations (in dollars per share) $ 0.06 $ 0.10 $ 0.21 $ 0.20
Net income per share (in dollars per share) $ 0.09 $ 0.14 $ 0.27 $ 0.31
Weighted average shares outstanding - basic (in shares) 66,410 66,246 66,403 66,227
Weighted average shares outstanding - diluted (in shares) 66,561 66,379 66,545 66,363
Dividends declared per share (in dollars per share) $ 0.3000 $ 0.30 $ 0.9 $ 1.1675