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Note 2 - Operating Property Activities (Tables)
9 Months Ended
Sep. 30, 2016
Notes Tables  
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
 
 
 
 
 
 
Purchase Price
 
Property Name
 
Location
 
Month
Acquired
 
Cash
*
 
 
Debt Assumed
 
 
Other
**
 
 
Total
 
 
GLA*
**
 
Jericho Atrium
 
Jericho, NY
 
Apr-16
  $ 29,750     $ -     $ -     $ 29,750       147  
Oakwood Plaza
 
Hollywood, FL (1)
 
Apr-16
    53,412       100,000       61,588       215,000       899  
Webster Square North
 
Nashua, NH
 
Jul-16
    8,200       -       -       8,200       21  
Gateway Plaza
 
Mill Creek, WA (1)
 
Jul-16
    493       17,500       -       17,993       97  
Kentlands Market Square
 
Gaithersburg, MD
 
Aug-16
    61,826       33,174       -       95,000       221  
GEPT Portfolio (4 properties)
 
Various (1)
 
Sep-16
    79,974       76,989       10,882       167,845       681  
 
 
 
 
 
 
$
233,655
 
 
$
227,663
 
 
$
72,470
 
 
$
533,788
 
 
 
2,066
 
Previous Ownership Interest [Table Text Block]
Property Name
 
Previous
Ownership
Interest
 
 
Gain on
change in
control of
interests, net
 
Oakwood Plaza
    55.0 %   $ 46.5  
Gateway Plaza
    15.0 %     -  
GEPT Portfolio (4 properties)
    15.0 %     6.6  
 
 
 
 
 
 
$
53.1
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
 
 
Preliminary
 Allocation
 
 
Allocation 
Adjustments (1)
 
 
Revised Allocation
a
s
of
September 30, 2016
 
Land
  $ 144,368     $ (10,056 )   $ 134,312  
Buildings
    257,967       40,123       298,090  
Above market leases
    10,005       (2,254 )     7,751  
Below market leases
    (26,399 )     (2,705 )     (29,104 )
In-place leases
    37,145       (1,490 )     35,655  
Building improvements
    102,853       (21,200 )     81,653  
Tenant improvements
    10,758       (1,724 )     9,034  
Mortgage fair value adjustment
    (3,143 )     (694 )     (3,837 )
Other assets
    234       -       234  
Net assets acquired
 
$
533,788
 
 
$
-
 
 
$
533,788
 
Business Acquisition, Pro Forma Information [Table Text Block]
 
 
Nine
Months Ended
September
30,
 
 
 
201
6
 
 
201
5
 
Revenues from rental property
  $ 878.2     $ 886.5  
Net income
  $ 313.0     $ 538.2  
Net income available to the Company’s common shareholders
  $ 273.5     $ 488.0  
Net income available to the Company’s common shareholders per common share:
               
Basic
  $ 0.65     $ 1.19  
Diluted
  $ 0.65     $ 1.18