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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, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Rental income $ 92,987 $ 78,161 $ 270,513 $ 230,094
Mortgage interest 44 3,926 3,634 10,290
Other operating 1,475 1,579 4,349 4,542
Revenues 94,506 83,666 278,496 244,926
EXPENSES        
Property operating 34,678 32,244 102,077 92,742
General and administrative 5,190 5,582 16,834 17,961
Depreciation 25,660 21,716 74,408 63,970
Amortization 2,656 2,595 8,190 7,819
Bad debt, net of recoveries 3 109 123 116
Total Expenses 68,187 62,246 201,632 182,608
OTHER INCOME (EXPENSE)        
Loss on extinguishments of debt 0 0    (29,638)
Interest expense (18,192) (17,043) (54,176) (55,738)
Interest and other income, net 410 237 2,545 686
Total other income (expense) (17,782) (16,806) (51,631) (84,690)
INCOME (LOSS) FROM CONTINUING OPERATIONS 8,537 4,614 25,233 (22,372)
DISCONTINUED OPERATIONS        
Income (loss) from discontinued operations 121 1,241 (75) 4,818
Impairments (4,505) (6,259) (11,034) (9,889)
Gain on sales of real estate properties 0 20,187 3 21,970
INCOME (LOSS) FROM DISCONTINUED OPERATIONS (4,384) 15,169 (11,106) 16,899
NET INCOME (LOSS) 4,153 19,783 14,127 (5,473)
Less: Net (income) loss attributable to noncontrolling interests (162) (18) (313) 34
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 3,991 $ 19,765 $ 13,814 $ (5,439)
BASIC EARNINGS (LOSS) PER COMMON SHARE:        
Income (loss) from continuing operations (in dollars per share) $ 0.09 $ 0.05 $ 0.27 $ (0.25)
Discontinued operations (in dollars per share) $ (0.05) $ 0.16 $ (0.12) $ 0.19
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.04 $ 0.21 $ 0.15 $ (0.06)
DILUTED EARNINGS (LOSS) PER COMMON SHARE:        
Income (loss) from continuing operations (in dollars per share) $ 0.09 $ 0.05 $ 0.26 $ (0.25)
Discontinued operations (in dollars per share) $ (0.05) $ 0.16 $ (0.12) $ 0.19
Net income (loss) attributable to common stockholders (in dollars per share) $ 0.04 $ 0.21 $ 0.14 $ (0.06)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 95,858,034 93,442,828 94,845,532 89,871,097
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 97,329,044 94,835,994 96,310,418 89,871,097
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90