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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Rental and other property income $ 63,171 $ 60,804 $ 126,569 $ 120,626
Expense reimbursements 3,263 2,646 6,444 4,997
Interest and other income 485 1,737 1,145 2,161
REVENUES 66,919 65,187 134,158 127,784
EXPENSES:        
Rental and other property operating 32,985 30,439 65,694 60,025
Asset management fees and other fees to related parties 7,456 6,338 14,665 12,075
Interest 5,586 4,565 10,989 8,602
General and administrative 1,955 2,357 4,547 3,131
Transaction costs 373 32 801 500
Depreciation and amortization 17,566 17,286 36,694 33,915
EXPENSES 65,921 61,017 133,390 118,248
Bargain purchase gain (Note 2)       4,918
INCOME FROM CONTINUING OPERATIONS 998 4,170 768 14,454
DISCONTINUED OPERATIONS:        
Income from operations of assets held for sale 3,984 4,344 6,946 5,277
INCOME FROM DISCONTINUED OPERATIONS 3,984 4,344 6,946 5,277
NET INCOME 4,982 8,514 7,714 19,731
Net income attributable to noncontrolling interests (6) (115) (6) (113)
NET INCOME ATTRIBUTABLE TO STOCKHOLDERS 4,976 8,399 7,708 19,618
COMPREHENSIVE INCOME $ 4,976 $ 8,399 $ 7,708 $ 19,618
BASIC AND DILUTED INCOME PER SHARE:        
Continuing operations $ 0.01 $ 0.04 $ 0.01 $ 0.15
Discontinued operations 0.04 0.05 0.07 0.05
Net income $ 0.05 $ 0.09 $ 0.08 $ 0.20
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 97,589 97,571 97,586 96,758
Diluted (in shares) 97,589 97,576 97,586 96,764