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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, 2013
Mar. 31, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME    
Rental income $ 57,678 $ 49,997
Expenses:    
Real estate taxes 6,503 5,479
Utility expenses 3,987 3,731
Other operating expenses 9,578 8,767
Depreciation and amortization 13,696 11,910
Acquisition related costs 34 49
General and administrative 3,249 3,002
Total expenses 37,047 32,938
Operating income 20,631 17,059
Interest and other income 11 8
Interest expense (including net amortization of debt premiums and deferred financing fees of $331 and $324, respectively) (4,147) (4,023)
Equity in earnings of an investee 76 45
Income before income tax expense 16,571 13,089
Income tax expense (43) (45)
Income from continuing operations 16,528 13,044
Discontinued operations:    
Income from discontinued operations 30 15
Net gain on sale of properties from discontinued operations 8,168  
Net income 24,726 13,059
Other comprehensive income:    
Equity in unrealized loss of an investee (8) (1)
Other comprehensive income (8) (1)
Comprehensive income $ 24,718 $ 13,058
Weighted average common shares outstanding (in shares) 54,645 47,052
Income from continuing operations per common share (in dollars per share) $ 0.30 $ 0.28
Income from discontinued operations per common share (in dollars per share) $ 0.15  
Net income per common share (in dollars per share) $ 0.45 $ 0.28