XML 26 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenues:    
Rental income from operating leases $ 8,929 $ 7,450
Advisory services income - related party 1,131 1,001
Total revenues 10,060 8,451
Expenses:    
General and administrative 1,484 1,284
Property expense 2,213 1,727
Legal and professional 221 256
Real estate commissions 86 29
Acquisition costs   40
Depreciation and amortization 2,227 1,640
Total expenses 6,231 4,976
Operating income 3,829 3,475
Other income (expense):    
Interest and other income 102 128
Interest and other income - related party 72 30
Loss from Advised Funds (36) (104)
Income tax expense for taxable REIT subsidiary (76) (51)
Interest expense (2,634) (2,203)
Income from continuing operations 1,257 1,275
Income from discontinued operations, net of taxes   61
Net income $ 1,257 $ 1,336
Net income per share of common stock - basic and diluted    
Income before discontinued operations $ 0.05 $ 0.06
Income from discontinued operations      
Net income $ 0.05 $ 0.06
Weighted average shares of common stock used to compute net income per share, basic and diluted 22,747 22,729
Dividends per share of common stock $ 0.10 $ 0.10