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PRO FORMA FINANCIAL INFORMATION
9 Months Ended
Sep. 30, 2011
PRO FORMA FINANCIAL INFORMATION [Abstract] 
Pro Forma Financial Information [Text Block]
PRO FORMA FINANCIAL INFORMATION

The following table summarizes, on an unaudited pro forma basis, the combined results of operations of the Company for the three and nine months ended September 30, 2011. The Company acquired eight properties and a mortgage note during the nine months ended September 30, 2011. The following unaudited pro forma information for the three and nine months ended September 30, 2011 has been prepared to give effect to the acquisitions, as well as the offering of 11.7 million shares of common stock that closed in August 2011, as if they had occurred on January 1, 2011. This pro forma information does not purport to represent what the actual results of operations of the Company would have been had these acquisitions occurred on this date, nor does it purport to predict the results of operations for future periods (dollars in thousands, except per share amounts):
 
 
Three Months Ended September 30, 2011
 
Nine Months Ended September 30, 2011
 
 
 
 
 
Revenues
 
$
22,908

 
$
68,739

Depreciation and amortization
 
7,281

 
22,080

Net income
 
5,894

 
16,430

Net income per common share, basic
 
0.16

 
0.45

Net income per common share, diluted
 
0.16

 
0.44

Weighted-average number of common shares outstanding, basic
 
36,939,157

 
36,906,422

Weighted-average number of common shares outstanding, diluted
 
37,002,121

 
37,000,701