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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Rental income $ 36,587 $ 30,604 $ 106,517 $ 90,097
Interest income 3,006 2,969 9,219 9,265
Expense reimbursements 7,386 7,333 24,008 20,979
Other 681 180 4,112 3,842
Total revenues 47,660 41,086 143,856 124,183
Operating Expenses        
Property operating 5,170 5,468 18,031 14,513
Other operating 1,588 842 3,183 2,743
Real estate taxes 5,666 5,866 16,905 15,949
General and administrative 7,123 5,335 20,898 17,263
Depreciation and amortization 12,884 10,450 36,055 29,278
Total operating expenses 32,431 27,961 95,072 79,746
Operating income 15,229 13,125 48,784 44,437
Equity in earnings of unconsolidated affiliates 2,923 4,209 7,382 7,274
Gain on disposition of properties of unconsolidated affiliates 102,855 0 102,855 0
Impairment of asset 0 0 0 (1,500)
Loss on debt extinguishment 0 0 (269) 0
Gain on disposition of property 190 0 13,138 0
Interest and other finance expense (10,142) (10,595) (30,327) (29,806)
Income from continuing operations before income taxes 111,055 6,739 141,563 20,405
Income tax benefit (provision) 17 (186) (68) (57)
Income from continuing operations 111,072 6,553 141,495 20,348
Discontinued Operations        
Operating income from discontinued operations 0 2,589 0 5,394
Gain on disposition of property 0 0 560 4,191
Income from discontinued operations 0 2,589 560 9,585
Net income 111,072 9,142 142,055 29,933
Noncontrolling interests        
Continuing operations (82,508) 2,342 (79,971) 6,103
Discontinued operations 0 (1,999) (461) (8,171)
Net (income) loss attributable to noncontrolling interests (82,508) 343 (80,432) (2,068)
Net income attributable to Common Shareholders $ 28,564 $ 9,485 $ 61,623 $ 27,865
Basic Earnings per Share        
Income from continuing operations (in dollars per share) $ 0.47 $ 0.16 $ 1.04 $ 0.47
Income from discontinued operations (in dollars per share) $ 0.00 $ 0.01 $ 0.00 $ 0.03
Basic earnings per share (in dollars per share) $ 0.47 $ 0.17 $ 1.04 $ 0.50
Diluted Earnings per Share        
Income from continuing operations (in dollars per share) $ 0.47 $ 0.16 $ 1.04 $ 0.47
Income from discontinued operations (in dollars per share) $ 0.00 $ 0.01 $ 0.00 $ 0.03
Diluted earnings per share (in dollars per share) $ 0.47 $ 0.17 $ 1.04 $ 0.50