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Real Estate Investments - Notes Real Estate Investments (Details) (USD $)
3 Months Ended
Mar. 31, 2013
property
Mar. 31, 2012
property
Real Estate [Abstract]    
Business Acquisition, Pro Forma Information
The following table presents unaudited pro forma information as if the acquisitions during the three months ended March 31, 2013, had been consummated on January 1, 2012. Additionally, the unaudited pro forma net income attributable to stockholders was adjusted to exclude acquisition related expenses of $5.6 million and $4.8 million from the three months ended March 31, 2013 and 2012, respectively, and merger and other transaction expenses of $137.8 million from the three months ended March 31, 2013.
 
 
Three Months Ended March 31,
(Amounts in thousands)
 
2013
 
2012
Pro forma revenues
 
$
41,352

 
$
11,384

Pro forma net income attributable to stockholders
 
$
4,490

 
$
1,674

 
Schedule of Business Acquisitions, by Acquisition
The following table presents the allocation of the assets acquired during the periods presented (dollar amounts in thousands):
 
 
Three Months Ended March 31,
 
 
2013
 
2012
Real estate investments, at cost:
 
 
 
 
Land
 
$
48,739

 
$
27,107

Buildings, fixtures and improvements
 
184,279

 
153,064

Total tangible assets
 
233,018

 
180,171

Acquired intangibles:
 
 
 
 
In-place leases
 
29,278

 
24,248

Purchase price of acquired real estate investments (1)
 
$
262,296

 
$
204,419

Number of properties acquired
 
48

 
54

_______________________________________________
(1) Excludes $0.5 million of tenant improvement allowance for a property acquired during the three months ended March 31, 2013, which was recorded in accrued expenses.
 
Schedule of Annualized Rental Income by Major Tenants
The following table lists the tenants of the Company whose annualized rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of March 31, 2013 and 2012. Annualized rental income for net leases is rental income on a straight-line basis as of March 31, 2013, which includes the effect of tenant concessions such as free rent, as applicable.
 
 
March 31,
Tenant
 
2013
 
2012
Dollar General
 
11.1%
 
17.3%
Citizens Bank
 
10.4%
 
20.4%
FedEx
 
*
 
17.8%
Walgreens
 
*
 
12.6%
Express Scripts
 
*
 
10.2%
_______________________________________________
* The tenants' annualized rental income was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.
 
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
The following table lists the states where the Company has concentrations of properties where annual rental income on a straight-line basis represented greater than 10% of consolidated annualized rental income on a straight-line basis as of March 31, 2013 and 2012:
 
 
March 31,
State
 
2013
 
2012
Illinois
 
10.3%
 
*
Michigan
 
*
 
10.3%
Missouri
 
*
 
15.2%
_______________________________________________
* The tenants' annualized rental income was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.
 
Statement [Line Items]    
Costs of Real Estate Services and Land Sales $ 5,582,000 $ 4,785,000
Merger and other transaction related 137,769,000 0
Business Acquisition, Purchase Price Allocation, Land Acquired in Period 48,739,000 27,107,000
Business Acquisition, Purchase Price Allocation, Buildings, Fixtures and Improvements Acquired in Period 184,279,000 153,064,000
Business Acquisition, Purchase Price Allocation, Tangible Assets Acquired in Period 233,018,000 180,171,000
Business Acquisition, Purchase Price Allocation, Assets Acquired in Period, Net 262,296,000 [1] 204,419,000 [1]
Number of Businesses Acquired 48 54
Business Acquisition, Pro Forma Revenue 41,352,000 11,384,000
Business Acquisition, Pro Forma Net Income (Loss) 4,490,000 1,674,000
Leases, Acquired-in-Place [Member]
   
Statement [Line Items]    
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets Acquired in Period 29,278,000 24,248,000
Above Market Leases [Member]
   
Statement [Line Items]    
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets Acquired in Period 0 0
Accrued Liabilities [Member]
   
Statement [Line Items]    
Tenant Improvements $ 500,000  
ILLINOIS
   
Statement [Line Items]    
Entity Wide Revenue, Major State, Percentage 10.30%  
MICHIGAN
   
Statement [Line Items]    
Entity Wide Revenue, Major State, Percentage   10.30%
Missouri [Member]
   
Statement [Line Items]    
Entity Wide Revenue, Major State, Percentage   15.20%
Dollar General [Member]
   
Statement [Line Items]    
Entity-Wide Revenue, Major Customer, Percentage 11.10% 17.30%
Citizens Bank [Member]
   
Statement [Line Items]    
Entity-Wide Revenue, Major Customer, Percentage 10.40% 20.40%
FedEx [Member]
   
Statement [Line Items]    
Entity-Wide Revenue, Major Customer, Percentage   17.80%
Walgreens [Member]
   
Statement [Line Items]    
Entity-Wide Revenue, Major Customer, Percentage   12.60%
Express Script [Member]
   
Statement [Line Items]    
Entity-Wide Revenue, Major Customer, Percentage   10.20%
Geographic Concentration Risk [Member]
   
Statement [Line Items]    
Concentration Risk, Percentage 10.00% [2]  
Customer Concentration Risk [Member]
   
Statement [Line Items]    
Concentration Risk, Percentage 10.00% [2]  
[1] Excludes $0.5 million of tenant improvement allowance for a property acquired during the three months ended March 31, 2013, which was recorded in accrued expenses
[2] * The tenants' annualized rental income was not greater than 10% of total annualized rental income for all portfolio properties as of the period specified.