XML 17 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Rental income $ 76,625 $ 74,389 $ 152,432 $ 143,757
Interest income from real estate notes receivable and other income 619 1,308 1,239 2,616
Total revenues 77,244 75,697 153,671 146,373
Expenses:        
Rental 22,557 24,667 46,461 47,294
General and administrative 6,217 4,908 12,665 10,915
Non-traded REIT 0 1,704 0 3,847
Acquisition-related 658 2,970 1,683 5,292
Depreciation and amortization 29,583 30,735 57,973 57,863
Listing 0 12,544 4,405 12,544
Total expenses 59,015 77,528 123,187 137,755
Income (loss) before other income (expense) 18,229 (1,831) 30,484 8,618
Interest expense:        
Interest related to debt (12,240) (10,370) (23,397) (20,476)
Interest related to derivative financial instruments and net change in fair value of derivative financial instruments 7,926 (5,434) 8,167 (6,234)
Debt extinguishment costs 0 (1,886) 0 (1,886)
Other income 10 63 18 91
Income (loss) from continuing operations 13,925 (19,458) 15,272 (19,887)
Income from discontinued operations 308 144 345 267
Net income (loss) 14,233 (19,314) 15,617 (19,620)
Net income attributable to noncontrolling interests (208) (8) (241) (16)
Net income (loss) attributable to controlling interest $ 14,025 $ (19,322) $ 15,376 $ (19,636)
Earnings (losses) per share attributable to controlling interest - basic:        
Continuing operations (usd per share) $ 0.06 $ (0.08) $ 0.07 $ (0.09)
Discontinued operations (usd per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (loss) (usd per share) $ 0.06 $ (0.08) $ 0.07 $ (0.09)
Earnings (losses) per share attributable to controlling interest - diluted:        
Continuing operations (usd per share) $ 0.06 $ (0.08) $ 0.07 $ (0.09)
Discontinued operations (usd per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net income (loss) (usd per share) $ 0.06 $ (0.08) $ 0.07 $ (0.09)
Weighted average number of shares outstanding:        
Basic (in shares) 225,610 229,436 221,380 229,159
Diluted (in shares) 227,780 229,436 222,585 229,159
Dividends declared per common share (usd per share) $ 0.14 $ 0.17 $ 0.29 $ 0.35