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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, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Rental income $ 79,119 $ 74,184 $ 157,148 $ 146,122
Mortgage interest 3,427 2,039 6,364 4,331
Other operating 1,508 1,370 2,965 3,144
Revenues 84,054 77,593 166,477 153,597
EXPENSES        
Property operating 31,732 29,150 61,535 57,409
General and administrative 5,841 4,520 12,382 9,781
Depreciation 22,069 20,733 43,881 41,172
Amortization 2,571 2,515 5,249 5,026
Bad debt, net of recoveries 19 150 7 109
Total Expenses 62,232 57,068 123,054 113,497
OTHER INCOME (EXPENSE)        
Loss on extinguishment of debt (29,638) 0 (29,638) 0
Interest expense (18,925) (18,506) (38,695) (36,860)
Interest and other income, net 219 201 449 414
Total other income (expense) (48,344) (18,305) (67,884) (36,446)
INCOME (LOSS) FROM CONTINUING OPERATIONS (26,522) 2,220 (24,461) 3,654
DISCONTINUED OPERATIONS        
Income from discontinued operations 501 872 1,052 3,313
Impairments 0 (167) (3,630) (4,336)
Gain on sales of real estate properties 1,783 3 1,783 3,431
INCOME (LOSS) FROM DISCONTINUED OPERATIONS 2,284 708 (795) 2,408
NET INCOME (LOSS) (24,238) 2,928 (25,256) 6,062
Less: Net (income) loss attributable to noncontrolling interests 33 (20) 52 (20)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ (24,205) $ 2,908 $ (25,204) $ 6,042
BASIC EARNINGS (LOSS) PER COMMON SHARE:        
Income (loss) from continuing operations (in dollars per share) $ (0.30) $ 0.03 $ (0.28) $ 0.05
Discontinued operations (in dollars per share) $ 0.03 $ 0.01 $ (0.01) $ 0.03
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.27) $ 0.04 $ (0.29) $ 0.08
DILUTED EARNINGS (LOSS) PER COMMON SHARE:        
Income (loss) from continuing operations (in dollars per share) $ (0.30) $ 0.03 $ (0.28) $ 0.05
Discontinued operations (in dollars per share) $ 0.03 $ 0.01 $ (0.01) $ 0.03
Net income (loss) attributable to common stockholders (in dollars per share) $ (0.27) $ 0.04 $ (0.29) $ 0.08
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 89,204,167 76,462,266 88,055,632 76,444,487
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 89,204,167 77,712,493 88,055,632 77,678,362
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60