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Significant Acquisitions (Tables)
9 Months Ended
Sep. 30, 2011
Significant Acquisitions 
Summary of estimated fair value of assets acquired at the date of acquisition

 

 

 

 

Value of Assets Acquired

 

 

 

(in thousands)

 

 

 

 

 

Real estate assets

 

 

$

143,890

 

 

 

Value of acquired real estate leases

61,396

 

 

 

Acquired unfavorable leases

 

 

(2,441

)

 

 

 

 

 

 

 

 

 

Total

 

 

$

202,845

 

Schedule of pro forma operating results for the company and acquisitions

 

 

 

 

For the Three Months Ended

 

For the Nine Months Ended

 

(unaudited)

 

September 30,

 

September 30,

 

(in thousands except per share amounts)

 

2011

 

2010

 

2011

 

2010

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

37,367

 

$

35,764

 

$

117,588

 

$

105,229

 

Income from continuing operations

 

$

3,304

 

$

3,388

 

$

15,914

 

$

12,136

 

Net income

 

$

3,401

 

$

4,549

 

$

38,409

 

$

15,606

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

81,600

 

79,751

 

81,492

 

79,704

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations per share

 

$

0.04

 

$

0.04

 

$

0.20

 

$

0.15

 

 

 

 

 

 

 

 

 

 

 

Net income per share

 

$

0.04

 

$

0.06

 

$

0.47

 

$

0.20