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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME (USD $)
In Thousands
Total
Common Stock
Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Undistributed Net Income
Comprehensive Income
Balances at Dec. 31, 2009 $ 180,128 $ 10,879 $ 143,272 $ 191 $ 25,786  
Distributions - common stock            
Cash - $.66 and $1.23 per share for the six months ended June 30, 2011 and for the year ended December 31, 2010 respectively (14,123)       (14,123)  
Issuance of stock for stock dividend obligation at December 31, 2009 2,104 216 1,888      
Restricted stock vesting   36 (36)      
Shares issued through dividend reinvestment plan 1,200 81 1,119      
Compensation expense - restricted stock 915   915      
Net income 9,306       9,306 9,306
Other comprehensive income -            
Net unrealized loss on available-for-sale securities (60)     (60)   (60)
Net unrealized loss on derivative instruments (287)     (287)   (287)
Comprehensive income 8,959         8,959
Balances at Dec. 31, 2010 179,183 11,212 147,158 (156) 20,969  
Distributions - common stock            
Cash - $.66 and $1.23 per share for the six months ended June 30, 2011 and for the year ended December 31, 2010 respectively (9,500)       (9,500)  
Restricted stock vesting   46 (46)      
Shares issued in stock offering - net of offering costs of $282 40,569 2,700 37,869      
Shares issued through dividend reinvestment plan 1,843 123 1,720      
Compensation expense - restricted stock 521   521      
Net income 7,874       7,874 7,874
Other comprehensive income -            
Net unrealized loss on available-for-sale securities (87)     (87)   (87)
Net unrealized loss on derivative instruments (128)     (128)   (128)
OLP's share of joint venture net unrealized loss on derivative instruments (72)     (72)   (72)
Comprehensive income 7,587         7,587
Balances at Jun. 30, 2011 $ 220,203 $ 14,081 $ 187,222 $ (443) $ 19,343