Annual report pursuant to Section 13 and 15(d)

Pro Forma Financial Information (unaudited)

v2.4.0.6
Pro Forma Financial Information (unaudited)
12 Months Ended
Dec. 31, 2011
Pro Forma Financial Information (unaudited) [Abstract]  
Pro Forma Financial Information (unaudited)

9. Pro Forma Financial Information (unaudited)

The Company acquired seven properties during the year ended December 31, 2011. The following table reflects pro-forma condensed consolidated statements of operations as if the properties were acquired as of the beginning of the periods presented:

 

                         
    For the year ended December 31,  
    2011     2010     2009  

Operating Data:

                       

Total operating revenue

  $ 47,456     $ 47,233     $ 47,971  

Total operating expenses

    (23,544     (26,829     (23,968

Other expense

    (18,054     (15,251     (19,174
   

 

 

   

 

 

   

 

 

 

Net income

    5,858       5,153       4,829  

Dividends attributable to preferred and senior common stock

    (4,156     (4,114     (4,094
   

 

 

   

 

 

   

 

 

 

Net income available to common stockholders

  $ 1,702     $ 1,039     $ 735  
   

 

 

   

 

 

   

 

 

 

Share and Per Share Data:

                       

Basic earnings per share of common stock

  $ 0.17     $ 0.12     $ 0.09  

Diluted earnings per share of common stock

  $ 0.17     $ 0.12     $ 0.09  

Weighted average shares outstanding-basic

    10,237       8,576       8,563  

Weighted average shares outstanding-diluted

    10,289       8,601       8,563