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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES        
Rental income $ 95,450 $ 89,279 $ 190,484 $ 175,781
Mortgage interest 31 969 62 3,590
Other operating 1,227 1,423 2,618 2,871
Revenues 96,708 91,671 193,164 182,242
EXPENSES        
Property operating 33,927 33,635 68,189 66,466
General and administrative 6,713 5,661 13,451 11,633
Depreciation 26,552 24,491 52,940 48,158
Amortization 2,474 2,775 5,142 5,534
Bad debts, net of recoveries 27 73 (181) 121
Total Expenses 69,693 66,635 139,541 131,912
OTHER INCOME (EXPENSE)        
Gain on sales of properties 41,549 0 41,549 0
Interest expense (17,213) (18,066) (35,536) (35,984)
Loss on extinguishment of debt (27,998) 0 (27,998) 0
Pension termination (5,260) 0 (5,260) 0
Impairment of real estate assets 0 0 (3,328) 0
Impairment of internally-developed software (654) 0 (654) 0
Interest and other income, net 147 2,035 239 2,136
Total other income (expense) (9,429) (16,031) (30,988) (33,848)
INCOME FROM CONTINUING OPERATIONS 17,586 9,005 22,635 16,482
DISCONTINUED OPERATIONS        
Income from discontinued operations 330 108 663 18
Impairments of real estate assets 0 (3,105) 0 (6,529)
Gain on sale of property 0 3 0 3
INCOME (LOSS) FROM DISCONTINUED OPERATIONS 330 (2,994) 663 (6,508)
NET INCOME 17,916 6,011 23,298 9,974
Less: Net income attributable to noncontrolling interests 0 (40) 0 (151)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 17,916 $ 5,971 $ 23,298 $ 9,823
BASIC EARNINGS (LOSS) PER COMMON SHARE:        
Income from continuing operations (in dollars per share) $ 0.18 $ 0.09 $ 0.23 $ 0.17
Discontinued operations (in dollars per share) 0.00 (0.03) 0.01 (0.07)
Net income attributable to common stockholders (in dollars per share) 0.18 0.06 0.24 0.10
DILUTED EARNINGS (LOSS) PER COMMON SHARE:        
Income from continuing operations (in dollars per share) 0.18 0.09 0.23 0.17
Discontinued operations (in dollars per share) 0.00 (0.03) 0.00 (0.07)
Net income attributable to common stockholders (in dollars per share) $ 0.18 $ 0.06 $ 0.23 $ 0.10
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 99,273,027 94,507,565 98,819,015 94,330,890
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 99,945,202 95,977,662 99,554,095 95,788,047
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30 $ 0.60 $ 0.60