XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
REVENUES    
Rental income $ 87,829 $ 75,880
Mortgage interest 2,621 2,937
Other operating 1,449 1,456
Revenues 91,899 80,273
EXPENSES    
Property operating 33,431 29,452
General and administrative 5,978 6,540
Depreciation 24,134 21,180
Amortization 2,759 2,666
Bad debt, net of recoveries 47 (12)
Total Expenses 66,349 59,826
OTHER INCOME (EXPENSE)    
Interest expense (17,918) (19,771)
Interest and other income, net 100 231
Total other income (expense) (17,818) (19,540)
INCOME FROM CONTINUING OPERATIONS 7,732 907
DISCONTINUED OPERATIONS    
Income (loss) from discontinued operations (344) 1,705
Impairments (3,425) (3,630)
INCOME FROM DISCONTINUED OPERATIONS (3,769) (1,925)
NET INCOME (LOSS) 3,963 (1,018)
Less: Net (income) loss attributable to noncontrolling interests (111) 19
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 3,852 $ (999)
BASIC EARNINGS (LOSS) PER COMMON SHARE:    
Income from continuing operations (in dollars per share) $ 0.08 $ 0.01
Discontinued operations (in dollars per share) $ (0.04) $ (0.02)
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.04 $ (0.01)
DILUTED EARNINGS (LOSS) PER COMMON SHARE:    
Income from continuing operations (in dollars per share) $ 0.08 $ 0.01
Discontinued operations (in dollars per share) $ (0.04) $ (0.02)
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.04 $ (0.01)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 94,152,252 86,894,336
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 95,585,432 88,382,436
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30