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Condensed Consolidated Statements Of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 63,018$ 52,466
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation8,7688,322
Straight-line rent adjustment(2,762)(2,286)
Non-cash interest income on construction loan(781)(137)
Provision for loan and realty recoveries(99)(573)
Gain on sale of real estate(3,348)(2,004)
Net realized gains on sales of marketable securities(9,899)(2)
Share-based compensation2,9122,204
Change in fair value of interest rate swap agreement9220
Changes in operating assets and liabilities:  
Accounts receivable(2)96
Deferred costs and other assets69(364)
Accounts payable and accrued expenses(395)81
Deferred income253561
Net cash provided by operating activities58,65658,364
Cash flows from investing activities:  
Investment in mortgage notes receivable(6,567)(9,988)
Collection of mortgage notes receivable3,5848,616
Investment in real estate properties24,93588,478
Receipt of earnest money deposit5253,250
Proceeds from disposition of real estate properties8,9716,247
Proceeds from sales of marketable securities12,86270
Net cash (used in) investing activities(5,560)(80,283)
Cash flows from financing activities:  
Net change in borrowings under a revolving credit facility(37,765)28,234
Borrowings on term loan50,0000
Principal payments on term loan(1,875)0
Stock options exercised199184
Dividends paid to stockholders(50,835)(49,766)
Net cash (used in) financing activities(40,276)(21,348)
Increase (decrease) in cash and cash equivalents12,820(43,267)
Cash and cash equivalents, beginning of period2,66445,718
Cash and cash equivalents, end of period15,4842,451
Supplemental disclosure of cash flow information:  
Interest paid1,414581
Supplemental schedule of non-cash activities:  
Settlement of mortgage note by real estate acquisition (Note 8)022,936
Cash withheld at closing of real estate acquisition (Note 8)01,000
Earnest money deposit applied to sale of real estate$ 4,000$ 0