|
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2014
|
Mar. 31, 2013
|
| Revenues: |
|
|
| Rentals |
$ 137,479 |
$ 69,776 |
| Interest income on loans receivable |
1,837 |
1,113 |
| Earned income from direct financing leases |
846 |
0 |
| Tenant reimbursement income |
3,319 |
0 |
| Interest income and other |
491 |
79 |
| Total revenues |
143,972 |
70,968 |
| Expenses: |
|
|
| General and administrative |
11,067 |
6,968 |
| Merger costs |
0 |
6,537 |
| Property costs |
5,282 |
940 |
| Real estate acquisition costs |
1,281 |
89 |
| Interest |
54,399 |
36,439 |
| Depreciation and amortization |
60,549 |
26,939 |
| Impairments |
1,707 |
0 |
| Total expenses |
134,285 |
77,912 |
| Income (loss) from continuing operations before income tax expense |
9,687 |
(6,944) |
| Income tax expense |
217 |
74 |
| Income (loss) from continuing operations |
9,470 |
(7,018) |
| Discontinued operations: |
|
|
| Income (loss) from discontinued operations |
3,054 |
(1,494) |
| (Loss) gain on dispositions of assets |
(7) |
180 |
| Income (loss) from discontinued operations |
3,047 |
(1,314) |
| Income (loss) before gain on dispositions of assets |
12,517 |
(8,332) |
| Gain on dispositions of assets |
1,722 |
0 |
| Net income (loss) |
$ 14,239 |
$ (8,332) |
| Net income (loss) per share of common stock—basic and diluted: |
|
|
| Continuing operations (in dollars per share) |
$ 0.03 |
$ (0.04) |
| Discontinued operations (in dollars per share) |
$ 0.01 |
$ (0.01) |
| Net loss (in dollars per share) |
$ 0.04 |
$ (0.05) |
| Weighted average common shares outstanding: |
|
|
| Basic (in shares) |
368,684,942 |
159,421,377 |
| Diluted (in shares) |
369,387,638 |
159,421,377 |
| Dividends declared per common share issued (in dollars per share) |
$ 0.16625 |
$ 0.1640592188 |