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Condensed 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
Revenues:      
Rental income $ 76,050 $ 71,289 $ 53,648
Mortgage interest income 6,652 6,743 9,145
Net Revenues 82,702 78,032 62,793
Expenses:      
Depreciation 11,992 11,203 8,621
Legal expense 559 1,152 1,954
Franchise, excise and other taxes 952 637 730
General and administrative 7,473 7,696 5,255
Loan and realty recoveries (99) (573) (1,077)
Total operating expenses 20,838 19,831 14,138
Income before non-operating income 61,864 58,201 48,655
Investment income and other 14,744 5,191 8,581
Interest expense and amortization of loan costs, net of change in fair value of interest rate swap agreement (Note 7) (3,848) (1,552) (175)
Income from continuing operations 72,760 61,840 57,061
Discontinued operations      
Income from operations - discontinued 5,024 5,577 7,168
Gain on sale of real estate 3,348 2,004  
Income from discontinued operations 8,372 7,581 7,168
Net income 81,132 69,421 64,229
Weighted average common shares outstanding:      
Basic 27,719,096 27,664,482 27,586,338
Diluted 27,792,592 27,732,959 27,618,300
Earnings per common share, Basic:      
Income from continuing operations $ 2.63 $ 2.24 $ 2.07
Discontinued operations $ 0.30 $ 0.27 $ 0.26
Net income per common share $ 2.93 $ 2.51 $ 2.33
Earnings per common share, Diluted:      
Income from continuing operations $ 2.62 $ 2.23 $ 2.06
Discontinued operations $ 0.30 $ 0.27 $ 0.26
Net income per common share $ 2.92 $ 2.50 $ 2.32
Total continuing operations properties [Member]
     
Expenses:      
Depreciation $ 11,953 $ 10,919 $ 7,276