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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Rental income $ 79,256 $ 73,174 $ 233,319 $ 215,937
Mortgage interest 3,926 2,244 10,290 6,575
Other operating 1,579 1,519 4,544 4,659
Revenues 84,761 76,937 248,153 227,171
EXPENSES        
Property operating 32,652 29,737 93,911 86,937
General and administrative 5,583 4,729 17,965 14,510
Depreciation 22,080 20,348 65,065 60,626
Amortization 2,607 2,529 7,856 7,555
Bad debt, net of recoveries 111 40 118 149
Total Expenses 63,033 57,383 184,915 169,777
OTHER INCOME (EXPENSE)        
Loss on extinguishment of debt 0 0 (29,638) 0
Interest expense (17,043) (18,881) (55,738) (55,741)
Interest and other income, net 256 203 705 618
Total other income (expense) (16,787) (18,678) (84,671) (55,123)
INCOME (LOSS) FROM CONTINUING OPERATIONS 4,941 876 (21,433) 2,271
DISCONTINUED OPERATIONS        
Income from discontinued operations 914 1,554 3,879 7,127
Impairments (6,259) (2,860) (9,889) (7,197)
Gain on sales of real estate properties 20,187 6,265 21,970 9,696
INCOME FROM DISCONTINUED OPERATIONS 14,842 4,959 15,960 9,626
NET INCOME (LOSS) 19,783 5,835 (5,473) 11,897
Less: Net (income) loss attributable to noncontrolling interests (18) (20) 34 (40)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 19,765 $ 5,815 $ (5,439) $ 11,857
BASIC EARNINGS (LOSS) PER COMMON SHARE:        
Income (loss) from continuing operations (in dollars per share) $ 0.05 $ 0.01 $ (0.24) $ 0.03
Discontinued operations (in dollars per share) $ 0.16 $ 0.07 $ 0.18 $ 0.12
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.21 $ 0.08 $ (0.06) $ 0.15
DILUTED EARNINGS (LOSS) PER COMMON SHARE:        
Income (loss) from continuing operations (in dollars per share) $ 0.05 $ 0.01 $ (0.24) $ 0.03
Discontinued operations (in dollars per share) $ 0.16 $ 0.06 $ 0.18 $ 0.12
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.21 $ 0.07 $ (0.06) $ 0.15
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 93,442,828 76,712,594 89,871,097 76,534,508
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 94,835,994 78,020,971 89,871,097 77,799,291
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90