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Significant Acquisitions (Tables)
9 Months Ended
Sep. 30, 2013
Significant Acquisitions  
Summary of estimated fair value of assets acquired at the date of acquisition

 

 

Real estate assets

 

$

454,447

 

Value of acquired real estate leases

 

110,039

 

Acquired unfavorable leases

 

(9,897

)

Total

 

$

554,589

 

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)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

61,300

 

$

53,895

 

$

178,322

 

$

155,747

 

Income from continuing operations

 

$

4,080

 

$

2,539

 

$

8,175

 

$

7,687

 

Net income

 

$

4,178

 

$

(11,930

)

$

8,469

 

$

(7,176

)

Weighted average shares outstanding

 

100,187

 

82,937

 

91,720

 

82,937

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations per share

 

$

0.04

 

$

0.03

 

$

0.09

 

$

0.09

 

Net income per share

 

$

0.04

 

$

(0.14

)

$

0.09

 

$

(0.09

)