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PRO FORMA FINANCIAL INFORMATION
12 Months Ended
Dec. 31, 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 consolidated results of operations of the Company for the year ended December 31, 2011 and for the period from the Separation Date through December 31, 2010. The Company acquired eleven properties during the year ended December 31, 2011. The following unaudited pro forma information for the year ended December 31, 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, 2010. 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 (in thousands, except share and per share amounts):
 
 
Year Ended December 31, 2011
 
Period from November 15, 2010 to December 31, 2010
 
 
 
 
 
Revenues
 
$
96,543

 
$
31,386

Depreciation and amortization
 
29,883

 
8,995

Net income
 
24,890

 
16,737

Net income per common share, basic
 
0.67

 
0.45

Net income per common share, diluted
 
0.67

 
0.45

Weighted-average number of common shares outstanding, basic
 
36,922,458

 
36,840,936

Weighted-average number of common shares outstanding, diluted
 
36,984,266

 
36,916,988