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PRO FORMA FINANCIAL INFORMATION
12 Months Ended
Dec. 31, 2012
PRO FORMA FINANCIAL INFORMATION [Abstract]  
Pro Forma Financial Information
PRO FORMA FINANCIAL INFORMATION (UNAUDITED)

The following table summarizes, on an unaudited pro forma basis, the consolidated results of operations of the Company for the years ended December 31, 2012 and 2011. The Company acquired 23 properties, originated three loans receivable, issued an additional $100.0 million aggregate principal amount of 8.125% Senior Notes, refinanced six mortgage notes, paid off one mortgage note, amended the master lease agreement with Genesis to a fixed 2.5% rent escalator during the year ended December 31, 2012 and had net borrowings of $92.5 million under its Amended Secured Revolving Credit Facility as of December 31, 2012. The following unaudited pro forma information has been prepared to give effect to these transactions, and the eleven acquisitions that occurred during the year ended December 31, 2011, 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 (in thousands, except share and per share amounts):
 
 
Year Ended December 31, 2012
 
Year Ended December 31, 2011
 
 
 
 
 
Revenues
 
$
127,043

 
$
130,470

Depreciation and amortization
 
34,226

 
35,370

Net income
 
37,631

 
43,765

Net income per common share, basic
 
1.02

 
1.19

Net income per common share, diluted
 
1.01

 
1.18

Weighted-average number of common shares outstanding, basic
 
37,061,111

 
36,922,458

Weighted-average number of common shares outstanding, diluted
 
37,321,517

 
36,984,266