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Summary of Quarterly Results (Unaudited) | 12 Months Ended
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Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract] |
SUMMARY OF QUARTERLY RESULTS (UNAUDITED) | SUMMARY OF QUARTERLY RESULTS (UNAUDITED) The following is a summary of quarterly financial information as of and for the years ended December 31, 2011 and 2010 (in thousands, except per share data):
| 1st Quarter (a) |  | 2nd Quarter (b) |  | 3rd Quarter |  | 4th Quarter
2011: |  |  |  |  |  |  |
Total revenue | $ | 146,794 |  |  | $ | 144,094 |  |  | $ | 144,308 |  |  | $ | 146,609 |
Net income (loss) | (490 | ) |  | (6,234 | ) |  | 6,611 |  |  | (4,602 | )
Net income (loss) allocated to Common Shares | (439 | ) |  | (6,069 | ) |  | 6,249 |  |  | (4,240 | )
Basic earnings (loss) per Common Share | $ | (0.02 | ) |  | $ | (0.06 | ) |  | $ | 0.03 |  |  | $ | (0.05 | )
Diluted earnings (loss) per Common Share | $ | (0.02 | ) |  | $ | (0.06 | ) |  | $ | 0.03 |  |  | $ | (0.05 | )
2010: |  |  |  |  |  |  |
Total revenue | $ | 139,502 |  |  | $ | 134,191 |  |  | $ | 140,179 |  |  | $ | 146,084 |
Net loss | (399 | ) |  | (5,600 | ) |  | (6,616 | ) |  | (4,991 | )
Loss allocated to Common Shares | (348 | ) |  | (5,441 | ) |  | (6,437 | ) |  | (4,848 | )
Basic loss per Common Share | $ | (0.02 | ) |  | $ | (0.06 | ) |  | $ | (0.06 | ) |  | $ | (0.05 | )
Diluted loss per Common Share | $ | (0.02 | ) |  | $ | (0.06 | ) |  | $ | (0.06 | ) |  | $ | (0.05 | )
(a) | During the first quarter of 2011, the Company recorded additional income of $0.5 million related to electricity charges in prior years that were under-billed to a certain tenant. This resulted in the overstatement of total revenue by $0.5 million during the current year and in the understatement of total revenue by $0.3 million and $0.2 million for the years ended December 31, 2009 and 2008, respectively. As management believes that this error was not material to prior years' consolidated financial statements and that the impact of recording the error in the current year is not material to the Company's consolidated financial statements, the Company recorded the related adjustment in the current year.
(b) | The consolidated statement of operations for the second quarter of 2011 also contained an out of period depreciation and amortization expense adjustment of $4.7 million relating to intangible assets representing tenant relationships and in-place leases that should have been written off in prior periods. This resulted in the overstatement of depreciation and amortization expense by $4.7 million million in the current year. During the year ended December 31, 2010, depreciation and amortization expense was overstated by $1.7 million and was understated by $1.4 million, $1.8 million, $1.7 million and $1.5 million during the years ended December 31, 2009, 2008, 2007, and 2006, respectively. As management believes that this error was not material to prior years' consolidated financial statements and that the impact of recording the error in the current year is not material to the Company's consolidated financial statements, the Company recorded the related adjustment during the current year.
The summation of quarterly earnings per share amounts do not necessarily equal the full year amounts. The above information was updated to reclassify amounts previously reported to reflect discontinued operations. See Note 2 and Note 10.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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