Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income

v3.2.0.727
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue        
Real estate rental revenue $ 74,226 $ 72,254 $ 149,082 $ 140,865
Expenses        
Real estate expenses 27,229 25,528 56,437 51,870
Depreciation and amortization 25,503 24,401 50,778 47,154
Acquisition costs 992 1,933 1,008 4,978
General and administrative 4,306 4,828 10,386 9,257
Real estate impairment 5,909 0 5,909 0
Operating Expenses 63,939 56,690 124,518 113,259
Gain on sale of real estate 1,454 570 31,731 570
Real estate operating income 11,741 16,134 56,295 28,176
Other income (expense)        
Interest expense (14,700) (14,985) (30,048) (29,515)
Loss on extinguishment of debt (119) 0 (119) 0
Other income 192 219 384 442
Total other income (expense) (14,627) (14,766) (29,783) (29,073)
(Loss) income from continuing operations (2,886) 1,368 26,512 (897)
Discontinued operations:        
Income from operations of properties sold or held for sale 0 0 0 546
(Loss) gain on sale of real estate 0 (288) 0 105,985
Net (loss) income (2,886) 1,080 26,512 105,634
Less: Net loss attributable to noncontrolling interests in subsidiaries 340 7 448 7
Net (loss) income attributable to the controlling interests $ (2,546) $ 1,087 $ 26,960 $ 105,641
Basic net (loss) income per share:        
Continuing operations (in dollars per share) $ (0.04) $ 0.02 $ 0.39 $ (0.01)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 1.59
Net income per share (in dollars per share) (0.04) 0.02 0.39 1.58
Diluted net (loss) income per share:        
Continuing operations (in dollars per share) (0.04) 0.02 0.39 (0.01)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 1.59
Net income per share (in dollars per share) $ (0.04) $ 0.02 $ 0.39 $ 1.58
Weighted average shares outstanding - basic (in shares) 68,176 66,732 68,159 66,718
Weighted average shares outstanding - diluted (in shares) 68,176 66,761 68,283 66,718
Dividends declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.6 $ 0.6