|
Consolidated Statements of Stockholders' Equity (USD $) In Thousands, except Share data, unless otherwise specified
|
Total
|
Common Stock
|
Capital in Excess of Par Value
|
Accumulated Distributions in Excess of Earnings
|
Accumulated Other Comprehensive Income (Loss)
|
| Beginning balance at Dec. 31, 2008 |
$ 1,614,976 |
$ 2,023 |
$ 1,763,432 |
$ (121,929) |
$ (28,550) |
| Beginning balance, shares at Dec. 31, 2008 |
|
202,296,748 |
|
|
|
| Issuance of common stock, shares |
|
7,473,804 |
|
|
|
| Issuance of common stock |
71,063 |
75 |
70,988 |
|
|
| Distributions to investors |
(133,957) |
|
|
(133,957) |
|
| Other offering costs |
(563) |
|
(563) |
|
|
| Redemptions of common stock, shares |
|
(5,107,932) |
|
|
|
| Redemptions of common stock |
(48,303) |
(51) |
(48,252) |
|
|
| Stock compensation expense |
13 |
|
13 |
|
|
| Changes in redeemable common stock |
(22,714) |
|
(22,714) |
|
|
| Comprehensive income: |
|
|
|
|
|
| Net income |
22,406 |
|
|
22,406 |
|
| Unrealized gain/loss on marketable securities |
19,072 |
|
|
|
19,072 |
| Unrealized gain (loss) on interest rate swaps |
(9) |
|
|
|
(9) |
| Total comprehensive income |
41,469 |
|
|
|
|
| Ending balance at Dec. 31, 2009 |
1,521,984 |
2,047 |
1,762,904 |
(233,480) |
(9,487) |
| Ending balance, shares at Dec. 31, 2009 |
|
204,662,620 |
|
|
|
| Issuance of common stock, shares |
|
7,037,054 |
|
|
|
| Issuance of common stock |
61,377 |
70 |
61,307 |
|
|
| Distributions to investors |
(129,497) |
|
|
(129,497) |
|
| Other offering costs |
(9) |
|
(9) |
|
|
| Redemptions of common stock, shares |
|
(2,382,328) |
|
|
|
| Redemptions of common stock |
(21,638) |
(24) |
(21,614) |
|
|
| Stock compensation expense |
7 |
|
7 |
|
|
| Changes in redeemable common stock |
75,523 |
|
75,523 |
|
|
| Comprehensive income: |
|
|
|
|
|
| Net income |
30,430 |
|
|
30,430 |
|
| Unrealized gain/loss on marketable securities |
23,051 |
|
|
|
23,051 |
| Unrealized gain (loss) on interest rate swaps |
(853) |
|
|
|
(853) |
| Total comprehensive income |
52,628 |
|
|
|
|
| Ending balance at Dec. 31, 2010 |
1,560,375 |
2,093 |
1,878,118 |
(332,547) |
12,711 |
| Ending balance, shares at Dec. 31, 2010 |
209,317,346 |
209,317,346 |
|
|
|
| Issuance of common stock, shares |
|
6,986,717 |
|
|
|
| Issuance of common stock |
59,696 |
70 |
59,626 |
|
|
| Distributions to investors |
(131,063) |
|
|
(131,063) |
|
| Redemptions of common stock, shares |
|
(6,152,371) |
|
|
|
| Redemptions of common stock |
(52,590) |
(62) |
(52,528) |
|
|
| Changes in redeemable common stock |
(2,245) |
|
(2,245) |
|
|
| Comprehensive income: |
|
|
|
|
|
| Net income |
53,809 |
|
|
53,809 |
|
| Unrealized gain/loss on marketable securities |
(1,713) |
|
|
|
(1,713) |
| Reclassification of previous unrealized gain on marketable securities into net income |
(14,654) |
|
|
|
(14,654) |
| Unrealized gain (loss) on interest rate swaps |
98 |
|
|
|
98 |
| Total comprehensive income |
37,540 |
|
|
|
|
| Ending balance at Dec. 31, 2011 |
$ 1,471,713 |
$ 2,101 |
$ 1,882,971 |
$ (409,801) |
$ (3,558) |
| Ending balance, shares at Dec. 31, 2011 |
210,151,692 |
210,151,692 |
|
|
|