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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES        
Property operating $ 60,948 $ 53,320 $ 119,913 $ 105,141
Single-tenant net lease 12,833 13,459 25,092 27,503
Straight-line rent 1,542 1,076 3,449 2,364
Mortgage interest 2,039 1,825 4,331 3,474
Other operating 1,374 2,047 3,146 4,345
Revenues 78,736 71,727 155,931 142,827
EXPENSES        
Property operating 29,457 27,773 58,039 55,210
General and administrative 4,519 5,157 9,782 10,938
Depreciation 21,311 18,487 42,333 36,756
Amortization 2,540 1,778 5,077 3,555
Bad debt, net 149 93 109 271
Total Expenses 57,976 53,288 115,340 106,730
OTHER INCOME (EXPENSE)        
Loss on extinguishment of debt     0 (1,986)
Interest expense (18,530) (17,343) (36,909) (39,617)
Interest and other income, net 203 196 508 418
Total other income (expense) (18,327) (17,147) (36,401) (41,185)
INCOME (LOSS) FROM CONTINUING OPERATIONS 2,433 1,292 4,190 (5,088)
DISCONTINUED OPERATIONS        
Income from discontinued operations 659 719 2,777 1,448
Impairments (167) 0 (4,336) (147)
Gain on sales of real estate properties 3 0 3,431 36
INCOME FROM DISCONTINUED OPERATIONS 495 719 1,872 1,337
NET INCOME (LOSS) 2,928 2,011 6,062 (3,751)
Less: Net income attributable to noncontrolling interests (20) 0 (20) (27)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 2,908 $ 2,011 $ 6,042 $ (3,778)
BASIC EARNINGS (LOSS) PER COMMON SHARE:        
Income (loss) from continuing operations $ 0.03 $ 0.02 $ 0.05 $ (0.07)
Discontinued operations $ 0.01 $ 0.01 $ 0.03 $ 0.02
Net income (loss) attributable to common stockholders $ 0.04 $ 0.03 $ 0.08 $ (0.05)
DILUTED EARNINGS (LOSS) PER COMMON SHARE:        
Income (loss) from continuing operations $ 0.03 $ 0.02 $ 0.05 $ (0.07)
Discontinued operations $ 0.01 $ 0.01 $ 0.03 $ 0.02
Net income (loss) attributable to common stockholders $ 0.04 $ 0.03 $ 0.08 $ (0.05)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC 76,462,266 72,035,154 76,444,487 69,109,543
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED 77,712,493 73,149,232 77,678,362 69,109,543
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD $ 0.30 $ 0.30 $ 0.60 $ 0.60