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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Rental income $ 36,112 $ 30,712 $ 69,930 $ 59,493
Interest income 3,049 3,398 6,213 6,296
Expense reimbursements 7,832 6,364 16,622 13,646
Other 2,518 334 3,431 3,662
Total revenues 49,511 40,808 96,196 83,097
Operating Expenses        
Property operating 5,737 4,593 12,861 9,043
Other operating 908 389 1,595 1,901
Real estate taxes 5,569 5,062 11,239 10,083
General and administrative 6,879 6,302 13,775 11,928
Depreciation and amortization 11,584 9,599 23,171 18,828
Total operating expenses 30,677 25,945 62,641 51,783
Operating income 18,834 14,863 33,555 31,314
Equity in earnings of unconsolidated affiliates 1,430 815 4,459 3,065
Impairment of asset 0 (1,500) 0 (1,500)
Loss on debt extinguishment (66) 0 (269) 0
Gain on disposition of property 561 0 12,948 0
Interest and other finance expense (9,534) (9,926) (20,185) (19,211)
Income from continuing operations before income taxes 11,225 4,252 30,508 13,668
Income tax benefit (provision) 83 (10) (85) 129
Income from continuing operations 11,308 4,242 30,423 13,797
Discontinued Operations        
Operating income from discontinued operations 0 1,181 0 2,805
Gain on disposition of property 560 4,191 560 4,191
Income from discontinued operations 560 5,372 560 6,996
Net income 11,868 9,614 30,983 20,793
Noncontrolling interests        
Continuing operations 57 3,725 2,537 3,761
Discontinued operations (461) (4,582) (461) (6,174)
Net (income) loss attributable to noncontrolling interests (404) (857) 2,076 (2,413)
Net income attributable to Common Shareholders $ 11,464 $ 8,757 $ 33,059 $ 18,380
Basic Earnings per Share        
Income from continuing operations (in dollars per share) $ 0.19 $ 0.14 $ 0.57 $ 0.32
Income from discontinued operations (in dollars per share) $ 0.00 $ 0.02 $ 0.00 $ 0.02
Basic earnings per share (in dollars per share) $ 0.19 $ 0.16 $ 0.57 $ 0.34
Diluted Earnings per Share        
Income from continuing operations (in dollars per share) $ 0.19 $ 0.14 $ 0.57 $ 0.32
Income from discontinued operations (in dollars per share) $ 0.00 $ 0.02 $ 0.00 $ 0.02
Diluted earnings per share (in dollars per share) $ 0.19 $ 0.16 $ 0.57 $ 0.34