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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Rental income $ 29,913 $ 21,708 $ 88,067 $ 59,208
Interest income 2,969 1,921 9,265 6,127
Expense reimbursements 7,279 4,567 20,800 13,770
Other 157 635 3,759 1,928
Total revenues 40,318 28,831 121,891 81,033
Operating Expenses        
Property operating 5,095 3,874 13,387 10,112
Other operating 842 613 2,743 2,929
Real estate taxes 5,795 4,353 15,739 11,973
General and administrative 5,335 5,517 17,261 16,636
Depreciation and amortization 10,450 7,376 29,278 20,671
Total operating expenses 27,517 21,733 78,408 62,321
Operating income 12,801 7,098 43,483 18,712
Equity in earnings (losses) of unconsolidated affiliates 4,209 (2,538) 7,274 1,997
Impairment of asset 0 0 (1,500) 0
Interest and other finance expense (10,517) (6,085) (29,562) (16,547)
Income (loss) from continuing operations before income taxes 6,493 (1,525) 19,695 4,162
Income tax (provision) benefit (186) 104 (53) (1,125)
Income (loss) from continuing operations 6,307 (1,421) 19,642 3,037
Discontinued Operations        
Operating income from discontinued operations 2,835 2,159 6,100 9,030
Gain on sale of properties 0 5,917 4,191 8,585
Income from discontinued operations 2,835 8,076 10,291 17,615
Net income 9,142 6,655 29,933 20,652
Noncontrolling interests        
Continuing operations 2,551 7,223 6,391 11,775
Discontinued operations (2,208) (6,297) (8,459) (13,998)
Net loss (income) attributable to noncontrolling interests 343 926 (2,068) (2,223)
Net income attributable to Common Shareholders $ 9,485 $ 7,581 $ 27,865 $ 18,429
Basic Earnings per Share        
Income from continuing operations (in dollars per share) $ 0.16 $ 0.12 $ 0.47 $ 0.33
Income from discontinued operations (in dollars per share) $ 0.01 $ 0.04 $ 0.03 $ 0.08
Basic earnings per share (in dollars per share) $ 0.17 $ 0.16 $ 0.50 $ 0.41
Diluted Earnings per Share        
Income from continuing operations (in dollars per share) $ 0.16 $ 0.12 $ 0.47 $ 0.33
Income from discontinued operations (in dollars per share) $ 0.01 $ 0.04 $ 0.03 $ 0.08
Diluted earnings per share (in dollars per share) $ 0.17 $ 0.16 $ 0.50 $ 0.41