Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v2.4.1.9
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Revenue    
Real estate rental revenue $ 74,856us-gaap_RealEstateRevenueNet $ 68,611us-gaap_RealEstateRevenueNet
Expenses    
Real estate expenses 29,208us-gaap_CostOfRealEstateRevenue 26,342us-gaap_CostOfRealEstateRevenue
Depreciation and amortization 25,275us-gaap_DepreciationAndAmortization 22,753us-gaap_DepreciationAndAmortization
Acquisition costs 16us-gaap_BusinessCombinationAcquisitionRelatedCosts 3,045us-gaap_BusinessCombinationAcquisitionRelatedCosts
General and administrative 6,080us-gaap_GeneralAndAdministrativeExpense 4,429us-gaap_GeneralAndAdministrativeExpense
Operating Expenses 60,579us-gaap_OperatingExpenses 56,569us-gaap_OperatingExpenses
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal 30,277us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal 0us-gaap_DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
Real estate operating income 44,554us-gaap_OperatingIncomeLoss 12,042us-gaap_OperatingIncomeLoss
Other income (expense)    
Interest expense (15,348)us-gaap_InterestExpense (14,530)us-gaap_InterestExpense
Other income 192us-gaap_OtherNonoperatingIncomeExpense 223us-gaap_OtherNonoperatingIncomeExpense
Total other income (expense) (15,156)us-gaap_NonoperatingIncomeExpense (14,307)us-gaap_NonoperatingIncomeExpense
Income (loss) from continuing operations 29,398us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (2,265)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Discontinued operations:    
Income from operations of properties sold or held for sale 0us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax 546us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
Gain on sale of real estate 0us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax 106,273us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Net income 29,398us-gaap_ProfitLoss 104,554us-gaap_ProfitLoss
Net Income (Loss) Attributable to Noncontrolling Interest (108)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to the controlling interests $ 29,506us-gaap_NetIncomeLoss $ 104,554us-gaap_NetIncomeLoss
Basic net income per share:    
Continuing operations (in dollars per share) $ 0.43us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ (0.04)us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $ 1.60us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Net income per share (in dollars per share) $ 0.43us-gaap_EarningsPerShareBasic $ 1.56us-gaap_EarningsPerShareBasic
Diluted net income per share:    
Continuing operations (in dollars per share) $ 0.43us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ (0.04)us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations (in dollars per share) $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $ 1.60us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Net income per share (in dollars per share) $ 0.43us-gaap_EarningsPerShareDiluted $ 1.56us-gaap_EarningsPerShareDiluted
Weighted average shares outstanding - basic (in shares) 68,141us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 66,701us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares outstanding - diluted (in shares) 68,191us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 66,701us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Dividends declared per share (in dollars per share) $ 0.30us-gaap_CommonStockDividendsPerShareCashPaid $ 0.30us-gaap_CommonStockDividendsPerShareCashPaid