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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue        
Real estate rental revenue $ 78,243 $ 73,413 $ 227,325 $ 214,278
Expenses        
Real estate expenses 28,109 25,914 84,546 77,784
Depreciation and amortization 29,349 24,354 80,127 71,508
Acquisition costs 929 69 1,937 5,047
General and administrative 4,953 4,523 15,339 13,780
Real estate impairment 0 0 5,909 0
Operating Expenses 63,340 54,860 187,858 168,119
Gain on sale of real estate 0 0 31,731 570
Real estate operating income 14,903 18,553 71,198 46,729
Other income (expense)        
Interest expense (14,486) (15,087) (44,534) (44,602)
Loss on extinguishment of debt 0 0 (119) 0
Other income 163 192 547 634
Total other income (expense) (14,323) (14,895) (44,106) (43,968)
Income from continuing operations 580 3,658 27,092 2,761
Discontinued operations:        
Income from operations of properties sold or held for sale 0 0 0 546
Gain on sale of real estate 0 0 0 105,985
Net income 580 3,658 27,092 109,292
Less: Net loss attributable to noncontrolling interests in subsidiaries 67 10 515 17
Net income attributable to the controlling interests $ 647 $ 3,668 $ 27,607 $ 109,309
Basic net income per share:        
Continuing operations (in dollars per share) $ 0.01 $ 0.05 $ 0.40 $ 0.04
Discontinued operations (in dollars per share) 0.00 0.00 0.00 1.59
Net income per share (in dollars per share) 0.01 0.05 0.40 1.63
Diluted net income per share:        
Continuing operations (in dollars per share) 0.01 0.05 0.40 0.04
Discontinued operations (in dollars per share) 0.00 0.00 0.00 1.59
Net income per share (in dollars per share) $ 0.01 $ 0.05 $ 0.40 $ 1.63
Weighted average shares outstanding - basic (in shares) 68,186 66,738 68,168 66,725
Weighted average shares outstanding - diluted (in shares) 68,305 66,790 68,290 66,760
Dividends declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90