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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2012
STOCKHOLDERS' EQUITY  
Issuance of common stock through ATM equity offering program since inception through completion of program on May 11, 2010

 

 

Period

 

Number of
Shares Sold

 

Gross
Proceeds

 

Net Proceeds

 

Average
Sales Price

 

Fourth quarter 2009

 

871,600

 

$

39,830

 

$

38,916

 

$

45.70

 

First quarter 2010

 

1,285,700

 

60,092

 

58,856

 

46.74

 

Second quarter 2010

 

1,021,400

 

50,078

 

49,273

 

49.03

 

Total

 

3,178,700

 

$

150,000

 

$

147,045

 

$

47.19

 

Issuance of common stock through ATM equity offering program since inception through completion of program on May 11, 2012

 

 

Period

 

Number of
Shares Sold

 

Gross
Proceeds

 

Net Proceeds

 

Average
Sales Price

 

First quarter 2011

 

841,000

 

$

47,524

 

$

46,572

 

$

56.51

 

Second quarter 2011

 

1,485,707

 

90,102

 

88,299

 

60.65

 

Third quarter 2011

 

877,400

 

56,542

 

55,273

 

64.44

 

First quarter 2012

 

188,393

 

11,156

 

10,897

 

59.22

 

Second quarter 2012

 

207,500

 

13,224

 

12,957

 

63.73

 

Total

 

3,600,000

 

$

218,548

 

$

213,998

 

$

60.71

 

Issuance of common stock through ATM equity offering program since inception to date

 

 

Period

 

Number of
Shares Sold

 

Gross
Proceeds

 

Net Proceeds

 

Average
Sales Price

 

Second quarter 2012

 

698,599

 

$

42,528

 

$

41,617

 

$

60.88

 

Third quarter 2012

 

1,262,125

 

80,303

 

78,682

 

63.63

 

Fourth quarter 2012

 

10,100

 

628

 

609

 

62.18

 

Total

 

1,970,824

 

$

123,459

 

$

120,908

 

$

62.64

 

Schedule of taxable composition of dividend distributions

 

 

 

 

 

 

 

 

 

 

Distribution Type

 

Declaration
Dates

 

Record
Dates

 

Payable
Dates

 

Distributions
Per Share

 

Ordinary
Taxable
Dividend

 

Qualified
Dividend

 

Return of
Capital

 

Long-
Term
Capital
Gain

 

Unrecaptured
Sec. 1250
Gain

 

2/4/2012

 

2/16/2012

 

2/28/2012

 

$

0.66

 

75.9761

%

0.0000

%

21.7871

%

1.2194

%

1.0174

%

5/1/2012

 

5/15/2012

 

5/25/2012

 

$

0.66

 

75.9761

%

0.0000

%

21.7871

%

1.2194

%

1.0174

%

8/1/2012

 

8/14/2012

 

8/24/2012

 

$

0.66

 

75.9761

%

0.0000

%

21.7871

%

1.2194

%

1.0174

%

10/31/2012

 

11/15/2012

 

11/27/2012

 

$

0.66

 

75.9761

%

0.0000

%

21.7871

%

1.2194

%

1.0174

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Totals

 

$

2.64

 

75.9761

%

0.0000

%

21.7871

%

1.2194

%

1.0174

%

 

 

 

 

 

 

Distribution Type

 

Year

 

Distributions
Per Share

 

Ordinary
Taxable
Dividend

 

Qualified
Dividend

 

Return
of
Capital

 

Long-
Term
Capital
Gain

 

Unrecaptured
Sec. 1250
Gain

 

2011

 

$

2.48

 

62.85

%

0.00

%

37.15

%

0.00

%

0.00

%

2010

 

$

2.32

 

53.73

%

0.00

%

46.27

%

0.00

%

0.00

%

Reconciliation of basic and diluted earnings per share

 

 

 

 

2012

 

2011

 

2010

 

Numerator:

 

 

 

 

 

 

 

Income from continuing operations

 

$

80,942

 

$

43,786

 

$

23,935

 

Less: Income from continuing operations attributable to noncontrolling interest

 

(14,169

)

(8,997

)

(5,675

)

Income from continuing operations attributable to common stockholders

 

$

66,773

 

$

34,789

 

$

18,260

 

Discontinued operations

 

$

82,680

 

$

3,878

 

$

2,383

 

Less: Discontinued operations attributable to noncontrolling interest

 

(14,151

)

(811

)

(562

)

Discontinued operations attributable to common stockholders

 

$

68,529

 

$

3,067

 

$

1,821

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average number of common shares outstanding

 

49,744,636

 

41,860,139

 

36,682,191

 

Effect of dilutive stock options

 

566,732

 

595,708

 

419,380

 

Effect of restricted shares

 

71,268

 

89,235

 

68,315

 

Diluted weighted average number of common shares outstanding

 

50,382,636

 

42,545,082

 

37,169,886

 

Earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

Income from continuing operations

 

$

1.34

 

$

0.83

 

$

0.50

 

Discontinued operations

 

1.38

 

0.07

 

0.05

 

Net income attributable to common stockholders

 

$

2.72

 

$

0.90

 

$

0.55

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

Income from continuing operations

 

$

1.33

 

$

0.82

 

$

0.49

 

Discontinued operations

 

1.36

 

0.07

 

0.05

 

Net income attributable to common stockholders

 

$

2.69

 

$

0.89

 

$

0.54