XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (Loss) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue:    
Rental $ 61,597 $ 42,842
Related party revenue:    
Management fees and interest income from loans 1,643 1,622
Other 23 31
Total revenue 63,263 44,495
Expenses:    
Real estate operating expenses 15,071 10,770
Real estate taxes and insurance 9,251 6,595
Depreciation and amortization 24,300 15,781
Selling, general and administrative 3,272 2,532
Interest 7,176 4,208
Total expenses 59,070 39,886
Income before interest income, equity in earnings of non-consolidated REITs and taxes 4,193 4,609
Interest income 1 1
Equity in earnings (losses) of non-consolidated REITs (484) (188)
Income before taxes on income 3,710 4,422
Taxes on income 137 119
Income from continuing operations 3,573 4,303
Discontinued operations:    
Income from discontinued operations, net of income tax   98
Total discontinued operations   98
Net income $ 3,573 $ 4,401
Weighted average number of shares outstanding, basic and diluted (in shares) 100,187 82,937
Earnings per share, basic and diluted, attributable to:    
Continuing operations (in dollars per share) $ 0.04 $ 0.05
Discontinued operations (in dollars per share)   $ 0.00
Net income per share, basic and diluted (in dollars per share) $ 0.04 $ 0.05