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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue        
Real estate rental revenue $ 78,272 $ 75,590 $ 155,196 $ 150,804
Expenses        
Real estate expenses 27,429 25,033 54,520 50,584
Depreciation and amortization 25,582 25,227 51,106 50,809
Acquisition Costs 87 254 300 308
General and administrative 4,005 4,164 7,867 7,770
Total expenses 57,103 54,678 113,793 109,471
Real estate operating income 21,169 20,912 41,403 41,333
Other income (expense)        
Interest expense (16,152) (15,470) (32,670) (31,301)
Other income 246 252 485 496
Total other income (expense) (15,906) (15,218) (32,185) (30,805)
Income from continuing operations 5,263 5,694 9,218 10,528
Discontinued operations:        
Income from operations of properties sold or held for sale 0 314 185 661
Gain on sale of real estate 0 0 3,195 0
Net income 5,263 6,008 12,598 11,189
Net Income (Loss) Attributable to Noncontrolling Interest $ 0 $ 0 $ 0 $ 0
Basic net income per share:        
Continuing operations (in dollars per share) $ 0.08 $ 0.08 $ 0.14 $ 0.15
Discontinued operations (in dollars per share) $ 0.00 $ 0.01 $ 0.05 $ 0.01
Net income per share (in dollars per share) $ 0.08 $ 0.09 $ 0.19 $ 0.16
Diluted net income per share:        
Continuing operations (in dollars per share) $ 0.08 $ 0.08 $ 0.14 $ 0.15
Discontinued operations (in dollars per share) $ 0.00 $ 0.01 $ 0.05 $ 0.01
Net income per share (in dollars per share) $ 0.08 $ 0.09 $ 0.19 $ 0.16
Weighted average shares outstanding - basic (in shares) 66,405 66,241 66,399 66,218
Weighted average shares outstanding - diluted (in shares) 66,556 66,380 66,537 66,354
Dividends declared per share (in dollars per share) $ 0.3000 $ 0.4338 $ 0.6000 $ 0.8676