Quarterly report pursuant to Section 13 or 15(d)

Pro Forma Financial Information

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Pro Forma Financial Information
3 Months Ended
Mar. 31, 2012
Pro Forma Financial Information [Abstract]  
Pro Forma Financial Information

9. Pro Forma Financial Information

We acquired one property during the three months ended March 31, 2012. The following table reflects pro-forma condensed consolidated statements of operations as if the property was acquired as of the beginning of the periods presented:

 

                 
    For the three months ended March 31,  
    2012     2011  

Operating Data:

               

Total operating revenue

  $ 12,167     $ 10,769  

Total operating expenses

    (5,852     (5,146

Other expense

    (5,017     (4,156
   

 

 

   

 

 

 

Net income

    1,298       1,467  

Dividends attributable to preferred and senior common stock

    (1,042     (1,039
   

 

 

   

 

 

 

Net income available to common stockholders

  $ 256     $ 428  
   

 

 

   

 

 

 

Share and Per Share Data:

               

Basic earnings per share of common stock

  $ 0.02     $ 0.05  

Diluted earnings per share of common stock

  $ 0.02     $ 0.05  

Weighted average shares outstanding-basic

    10,945       9,258  

Weighted average shares outstanding-diluted

    11,006       9,310