XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
REVENUE      
Rental $ 415,067 $ 338,985 $ 317,725
Other 1,663 657 864
Total revenue 416,730 339,642 318,589
EXPENSES      
Depreciation and amortization 120,699 93,782 88,778
Interest 108,301 93,237 85,528
General and administrative 30,954 25,311 20,946
Property 7,217 6,942 6,378
Income taxes 1,470 1,393 677
Provisions for impairment 10 849 199
Total expenses 268,651 221,514 202,506
Income from continuing operations 148,079 118,128 116,083
Income from discontinued operations 8,953 12,656 15,044
Net income 157,032 130,784 131,127
Preferred stock cash dividends (24,253) (24,253) (24,253)
Net income available to common stockholders $ 132,779 [1] $ 106,531 $ 106,874
Income from continuing operations:      
Basic (in dollars per share) $ 0.98 $ 0.89 $ 0.89
Diluted (in dollars per share) $ 0.98 $ 0.89 $ 0.89
Net income:      
Basic (in dollars per share) $ 1.05 $ 1.01 $ 1.03
Diluted (in dollars per share) $ 1.05 $ 1.01 $ 1.03
Weighted average common shares outstanding:      
Basic (in shares) 126,142,696 105,869,637 103,577,507
Diluted (in shares) 126,189,399 105,942,721 103,581,053
[1] The 2011 information presented is a reconciliation of our net income available to common stockholders to estimated taxable net income.