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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Rental income $ 50,455 $ 39,228
Expenses:    
Real estate taxes 5,533 4,457
Utility expenses 3,835 3,507
Other operating expenses 8,853 6,921
Depreciation and amortization 12,072 8,386
Acquisition related costs 49 829
General and administrative 3,039 2,343
Total expenses 33,381 26,443
Operating income 17,074 12,785
Interest and other income 8 15
Interest expense (including net amortization of debt premiums and deferred financing fees of $324 and $259, respectively) (4,023) (2,537)
Equity in earnings of an investee 45 37
Income before income tax expense 13,104 10,300
Income tax expense (45) (46)
Net income 13,059 10,254
Other comprehensive income:    
Equity in unrealized (loss) gain of an investee (1) 4
Other comprehensive income (1) 4
Comprehensive income $ 13,058 $ 10,258
Weighted average common shares outstanding (in shares) 47,052 40,501
Net income per common share (in dollars per share) $ 0.28 $ 0.25