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Significant Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2011
Significant Acquisitions  
Summary of estimated fair value of assets acquired at the date of acquisition

 

 

 

 

Value of Assets Acquired

 

 

 

(in thousands)

 

 

 

 

 

Real estate assets

 

 

$

120,750

 

 

 

Value of acquired real estate leases

47,474

 

 

 

Acquired unfavorable leases

 

 

(2,441

)

 

 

 

 

 

 

 

 

 

Total

 

 

$

165,783

 

 

 
Schedule of pro forma operating results for the company and acquisitions

 

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

(unaudited)

 

June 30,

 

June 30,

 

(in thousands except per share amounts)

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

40,420

 

$

32,863

 

$

76,959

 

$

66,216

 

Income from continuing operations

 

$

7,938

 

$

4,585

 

$

12,635

 

$

8,775

 

Net income

 

$

10,381

 

$

5,738

 

$

35,130

 

$

11,084

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

81,437

 

79,681

 

81,437

 

79,681

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations per share

 

$

0.10

 

$

0.06

 

$

0.15

 

$

0.11

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

0.13

 

$

0.07

 

$

0.43

 

$

0.14