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Consolidated Statements Of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Rental income $ 57,574 $ 48,273 $ 161,857 $ 139,402
Other operating income 4,200 3,824 12,018 8,764
Total operating revenues 61,774 52,097 173,875 148,166
Expenses        
Property operations and maintenance 14,319 13,275 40,993 38,410
Real estate taxes 5,629 4,976 16,635 14,532
General and administrative 8,172 6,637 23,707 18,344
Acquisition costs 1,075 2,913 2,382 3,048
Depreciation and amortization 10,427 8,585 30,461 25,164
Total operating expenses 39,622 36,386 114,178 99,498
Income from operations 22,152 15,711 59,697 48,668
Other income (expenses)        
Interest expense (8,350) (13,760) (24,914) (29,739)
Interest income   5 3 31
Equity in income (losses) of joint ventures 335 (512) 608 (408)
Income from continuing operations 14,137 1,444 35,394 18,552
Income from discontinued operations (including gain on disposal of $4,498 in 2012) 4,821 922 6,693 2,595
Net income 18,958 2,366 42,087 21,147
Net income attributable to noncontrolling interest (151) (27) (421) (811)
Net income attributable to common shareholders $ 18,807 $ 2,339 $ 41,666 $ 20,336
Earnings per common share attributable to common shareholders-basic        
Continuing operations $ 0.48 $ 0.05 $ 1.20 $ 0.64
Discontinued operations $ 0.16 $ 0.03 $ 0.23 $ 0.10
Earnings per share-basic $ 0.64 $ 0.08 $ 1.43 $ 0.74
Earnings per common share attributable to common shareholders-diluted        
Continuing operations $ 0.47 $ 0.05 $ 1.20 $ 0.64
Discontinued operations $ 0.16 $ 0.03 $ 0.23 $ 0.10
Earnings per share-diluted $ 0.63 $ 0.08 $ 1.43 $ 0.74
Common shares used in basic earnings per share calculation 29,474,866 27,593,338 29,047,998 27,563,536
Common shares used in diluted earnings per share calculation 29,624,311 27,634,029 29,167,681 27,607,567
Dividends declared per common share $ 0.45 $ 0.45 $ 1.35 $ 1.35