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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
REVENUES    
Rental income $ 98,740 $ 95,034
Mortgage interest   31
Other operating 1,281 1,391
Revenues 100,021 96,456
EXPENSES    
Property operating 35,406 34,263
General and administrative 10,246 6,738
Depreciation 27,693 26,387
Amortization 2,700 2,667
Bad debts, net of recoveries (39) (207)
Total Expenses 76,006 69,848
OTHER INCOME (EXPENSE)    
Interest expense (14,938) (18,322)
Impairment of real estate assets 0 (3,328)
Interest and other income, net 86 91
Total other income (expense) (14,852) (21,559)
INCOME FROM CONTINUING OPERATIONS 9,163 5,049
DISCONTINUED OPERATIONS    
Income (loss) from discontinued operations (7) 333
INCOME (LOSS) FROM DISCONTINUED OPERATIONS (7) 333
NET INCOME $ 9,156 $ 5,382
BASIC EARNINGS PER COMMON SHARE:    
Income from continuing operations (in dollars per share) $ 0.09 $ 0.05
Discontinued operations (in dollars per share) 0.00 0.00
Net income (in dollars per share) 0.09 0.05
DILUTED EARNINGS PER COMMON SHARE:    
Income from continuing operations (in dollars per share) 0.09 0.05
Discontinued operations (in dollars per share) 0.00 0.00
Net income (in dollars per share) $ 0.09 $ 0.05
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in shares) 101,432,088 98,359,958
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in shares) 102,164,818 99,136,897
DIVIDENDS DECLARED, PER COMMON SHARE, DURING THE PERIOD (in dollars per share) $ 0.30 $ 0.30