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Consolidated Statements of Equity and Comprehensive Income (USD $)
In Thousands, unless otherwise specified
Total
Common Stock
Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Accumulated Undistributed Net Income
Non-Controlling Interest in Joint Venture
Comprehensive Income
Balance at Dec. 31, 2008 $ 163,975 $ 9,962 $ 138,688 $ (239) $ 15,564    
Distributions - common stock              
Cash - $1.32, $1.23 and $.08 per share for year ended 2011, 2010 and 2009, respectively (948)       (948)    
Stock - $.80 per share (2,356) 1,160 4,955   (8,471)    
Repurchase of common stock (1,416) (268) (1,148)        
Retirement of common stock (51) (6) (45)        
Restricted stock vesting   31 (31)        
Compensation expense - restricted stock 853   853        
Net income (loss) 19,641       19,641   19,641
Other comprehensive income -              
Net unrealized gain (loss) on available-for-sale securities 319     319     319
Net unrealized gain (loss) on derivative instruments 111     111     111
Comprehensive income 20,071           20,071
Balance at Dec. 31, 2009 180,128 10,879 143,272 191 25,786    
Distributions - common stock              
Cash - $1.32, $1.23 and $.08 per share for year ended 2011, 2010 and 2009, 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 (loss) 9,306       9,306   9,306
Other comprehensive income -              
Net unrealized gain (loss) on available-for-sale securities (60)     (60)     (60)
Net unrealized gain (loss) on derivative instruments (287)     (287)     (287)
Comprehensive income 8,959           8,959
Balance at Dec. 31, 2010 179,183 11,212 147,158 (156) 20,969    
Distributions - common stock              
Cash - $1.32, $1.23 and $.08 per share for year ended 2011, 2010 and 2009, respectively (19,088)       (19,088)    
Share issued in public offering - net of offering costs of $282 40,569 2,700 37,869        
Restricted stock vesting   46 (46)        
Shares issued through dividend reinvestment plan 3,751 255 3,496        
Contribution from non-controlling interest partner 666         666  
Compensation expense - restricted stock 1,009   1,009        
Net income (loss) 13,720       13,724 (4) 13,720
Other comprehensive income -              
Net unrealized gain (loss) on available-for-sale securities 66     66     66
Net unrealized gain (loss) on derivative instruments (747)     (747)     (747)
OLP's share of joint venture net unrealized loss on derivative instruments (182)     (182)     (182)
Comprehensive income 12,857           12,857
Balance at Dec. 31, 2011 $ 218,947 $ 14,213 $ 189,486 $ (1,019) $ 15,605 $ 662