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