XML 59 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUE        
Rental $ 226,832 $ 195,332 $ 662,822 $ 543,219
Tenant reimbursements 8,275 5,107 20,872 15,619
Other 606 1,642 2,238 5,207
Total revenue 235,713 202,081 685,932 564,045
EXPENSES        
Depreciation and amortization 95,260 80,822 278,124 221,476
Interest 52,814 49,836 157,246 130,667
General and administrative 11,025 16,640 35,499 40,356
Property (including reimbursable) 12,770 8,466 33,474 25,792
Income taxes 697 569 2,358 1,770
Provisions for impairment 495   2,676 290
Merger-related costs   240   12,875
Total expenses 173,061 156,573 509,377 433,226
Gain on sales of real estate 10,975   14,211  
Income from continuing operations 73,627 45,508 190,766 130,819
Income from discontinued operations   6,399 3,097 50,831
Net income 73,627 51,907 193,863 181,650
Net income attributable to noncontrolling interests (344) (336) (1,016) (422)
Net income attributable to the Company 73,283 51,571 192,847 181,228
Preferred stock dividends (9,327) (10,482) (30,292) (31,447)
Excess of redemption value over carrying value of preferred shares subject to redemption (6,015)   (6,015)  
Net income available to common stockholders $ 57,941 $ 41,089 $ 156,540 $ 149,781
Amounts available to common stockholders per common share:        
Income from continuing operations, basic and diluted (in dollars per share) $ 0.26 $ 0.18 $ 0.71 $ 0.53
Net income, basic and diluted (in dollars per share) $ 0.26 $ 0.21 $ 0.72 $ 0.80
Weighted average common shares outstanding:        
Basic (in shares) 222,061,661 195,768,298 216,804,815 187,805,222
Diluted (in shares) 222,236,071 196,619,866 217,147,035 188,399,848