XML 25 R50.htm IDEA: XBRL DOCUMENT v2.4.0.6
Federal Income Tax Reporting (Details 2) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Reconciliation Between GAAP Net Income and Taxable Income                      
Net income per books $ 5,460 $ (8,998) $ 5,433 $ 5,738 $ 5,062 $ 3,314 $ 10,381 $ 24,767 $ 7,633 $ 43,524 $ 22,093
Adjustment to book income:                      
Book depreciation and amortization                 55,518 48,439 40,724
Tax depreciation and amortization                 (34,047) (31,409) (26,901)
Tax basis more than book basis on assets sold                 265 (1,281)  
Straight line rent adjustment, net                 (5,203) (9,783) (4,252)
Deferred rent, net                 1,224 1,290 275
Non-taxable distributions                 (1,114) (767) (2,026)
Other, net                 1,899 2,728 6,355
Taxable income                 26,175 52,741 36,268
Less: Capital gains recognized                 (1,514) (21,951) (293)
Taxable income subject to distribution requirement                 $ 24,661 $ 30,790 $ 35,975
Tax components of the Company's common distributions paid per share                      
Ordinary income (in dollars per share)                 $ 0.31 $ 0.38 $ 0.46
Capital gain (in dollars per share)                 $ 0.02 $ 0.27 $ 0.00
Return of capital (in dollars per share)                 $ 0.43 $ 0.11 $ 0.30
Total (in dollars per share)                 $ 0.76 $ 0.76 $ 0.76
Ordinary income (as a percent)                 40.61% 50.79% 60.36%
Capital gain (as a percent)                 2.40% 35.17% 0.48%
Return of capital (as a percent)                 56.99% 14.04% 39.16%
Total (as a percent)                 100.00% 100.00% 100.00%
Capital gains as percentage of total distributions                 2.40% 29.78% 0.48%
Capital gain tax rate (as a percent)                 15.00% 15.00% 15.00%