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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Rental Income $ 57,321 $ 55,087 $ 113,114 $ 109,329
Tenant Recoveries and Other Income 18,821 17,073 38,620 33,767
Total Revenues 76,142 72,160 151,734 143,096
Expenses:        
Property Expenses 24,774 23,673 52,647 47,224
General and Administrative 7,068 5,388 12,601 11,844
Depreciation and Other Amortization 25,421 25,175 51,345 48,430
Total Expenses 57,263 54,236 116,593 107,498
Other Income (Expense):        
Interest Income 690 621 1,414 1,207
Interest Expense (17,620) (17,284) (35,344) (34,932)
Amortization of Deferred Financing Costs (760) (788) (1,519) (1,590)
Mark-to-Market Gain on Interest Rate Protection Agreements 0 56 0 52
Loss from Retirement of Debt (493) (4,222) (493) (5,372)
Total Other Income (Expense) (18,183) (21,617) (35,942) (40,635)
Income (Loss) from Continuing Operations Before Equity in Income of Other Real Estate Partnerships, Equity in Income of Joint Ventures and Income Tax (Provision) Benefit 696 (3,693) (801) (5,037)
Equity in Income of Other Real Estate Partnerships 2,516 2,399 5,610 4,571
Equity in Income of Joint Ventures 556 27 3,522 47
Income Tax (Provision) Benefit (79) (3) (89) 59
Income (Loss) from Continuing Operations 3,689 (1,270) 8,242 (360)
Discontinued Operations:        
Income (Loss) Attributable to Discontinued Operations 256 (818) 349 (44)
Gain on Sale of Real Estate 282 13,481 714 10,407
Income from Discontinued Operations 538 12,663 1,063 10,363
Income Before Gain on Sale of Real Estate 4,227 11,393 9,305 10,003
Gain on Sale of Real Estate 0 0 0 262
Net Income 4,227 11,393 9,305 10,265
Less: Preferred Unit Distributions 0 (2,277) (1,019) (6,114)
Less: Redemption of Preferred Units 0 (3,546) (1,462) (3,546)
Net Income Available to Unitholders and Participating Securities 4,227 5,570 6,824 605
Basic and Diluted Earnings Per Unit:        
Income (Loss) from Continuing Operations Available to Unitholders $ 0.03 $ (0.06) $ 0.05 $ (0.09)
Income from Discontinued Operations Attributable to Unitholders $ 0.01 $ 0.11 $ 0.01 $ 0.10
Net Income Available to Unitholders $ 0.04 $ 0.05 $ 0.06 $ 0.01
Distributions Per Unit $ 0.1025 $ 0.085 $ 0.205 $ 0.17
Weighted Average Units Outstanding - Basic 114,278 112,808 114,262 109,163
Weighted Average Units Outstanding - Diluted 114,867 112,808 114,826 109,163
Net Income Available to Unitholders Attributable to:        
General Partner 4,062 5,325 6,555 580
Limited Partners 165 245 269 25
Net Income Available to Unitholders and Participating Securities $ 4,227 $ 5,570 $ 6,824 $ 605