2013 Q4 Form 10-K Financial Statement

#000104746914001040 Filed on February 19, 2014

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2013 Q2
Revenue $58.27M $56.40M $55.93M
YoY Change 6.67% 7.58% 15.13%
Cost Of Revenue $18.50M $16.40M $16.30M
YoY Change 12.8% 11.56% 13.99%
Gross Profit $39.80M $40.00M $39.70M
YoY Change 3.92% 5.82% 22.53%
Gross Profit Margin 68.3% 70.92% 70.98%
Selling, General & Admin $7.400M $8.300M $7.100M
YoY Change 12.12% 0.0% 18.33%
% of Gross Profit 18.59% 20.75% 17.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.50M $24.50M $13.90M
YoY Change -48.21% 82.84% -18.71%
% of Gross Profit 36.43% 61.25% 35.01%
Operating Expenses $22.20M $22.30M $20.70M
YoY Change 11.56% 7.21% 19.65%
Operating Profit $17.60M $16.09M $18.86M
YoY Change -4.35% -0.25% 18.11%
Interest Expense -$4.600M $4.176M $4.065M
YoY Change 9.52% -7.81% -0.76%
% of Operating Profit -26.14% 25.96% 21.56%
Other Income/Expense, Net
YoY Change
Pretax Income $12.20M $11.99M $15.25M
YoY Change -7.58% 2.27% 27.59%
Income Tax $100.0K -$36.00K $43.00K
% Of Pretax Income 0.82% -0.3% 0.28%
Net Earnings $12.70M $2.000M $15.20M
YoY Change -2.31% -83.05% 26.67%
Net Earnings / Revenue 21.79% 3.55% 27.17%
Basic Earnings Per Share $0.23 $0.04 $0.28
Diluted Earnings Per Share $927.0K $146.0K $1.101M
COMMON SHARES
Basic Shares Outstanding 54.72M shares 54.68M shares 54.67M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q4 2013 Q3 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.700M $2.700M $3.100M
YoY Change 45.28% -15.63% 121.43%
Cash & Equivalents $7.663M $2.697M $3.119M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $33.40M $31.40M $30.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.10M $34.10M $33.90M
YoY Change 20.18% 13.67% 18.95%
LONG-TERM ASSETS
Property, Plant & Equipment $1.523B $1.459B $1.468B
YoY Change 4.64% -0.69% 11.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $43.20M $41.70M $15.70M
YoY Change -30.32% 195.74% 11.35%
Total Long-Term Assets $1.591B $1.519B $1.493B
YoY Change 4.15% 1.62% 10.26%
TOTAL ASSETS
Total Short-Term Assets $41.10M $34.10M $33.90M
Total Long-Term Assets $1.591B $1.519B $1.493B
Total Assets $1.632B $1.553B $1.527B
YoY Change 4.5% 1.85% 10.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.20M $23.30M $18.90M
YoY Change 22.75% 6.88% -4.06%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $91.90M
YoY Change -100.0% -2.55%
Long-Term Debt Due $350.0M
YoY Change 0.0%
Total Short-Term Liabilities $25.70M $25.10M $463.6M
YoY Change 13.72% -94.69% -0.71%
LONG-TERM LIABILITIES
Long-Term Debt $597.7M $510.3M $25.00M
YoY Change 21.34% 205.57% -7.41%
Other Long-Term Liabilities $19.40M $17.20M $17.40M
YoY Change 0.0% 22.86% 62.62%
Total Long-Term Liabilities $617.1M $527.5M $42.40M
YoY Change 20.53% 191.44% 12.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $25.70M $25.10M $463.6M
Total Long-Term Liabilities $617.1M $527.5M $42.40M
Total Liabilities $642.8M $552.6M $506.1M
YoY Change 20.22% -15.48% 0.31%
SHAREHOLDERS EQUITY
Retained Earnings $191.9M $179.2M $177.2M
YoY Change 39.78% 57.75%
Common Stock $1.106B $1.106B $1.105B
YoY Change 0.15% 17.96%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $989.7M $1.000B $1.021B
YoY Change
Total Liabilities & Shareholders Equity $1.632B $1.553B $1.527B
YoY Change 4.5% 1.85% 10.44%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2013 Q2
OPERATING ACTIVITIES
Net Income $12.70M $2.000M $15.20M
YoY Change -2.31% -83.05% 26.67%
Depreciation, Depletion And Amortization $14.50M $24.50M $13.90M
YoY Change -48.21% 82.84% -18.71%
Cash From Operating Activities $26.10M $23.80M $28.90M
YoY Change 46.63% -20.4% 24.03%
INVESTING ACTIVITIES
Capital Expenditures -$85.00M -$44.30M -$2.800M
YoY Change 107.32% -70.05% -92.63%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$100.0K $0.00
YoY Change
Cash From Investing Activities -$85.00M -$44.30M -$2.900M
YoY Change 107.32% -70.05% -92.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 63.90M 20.10M -26.50M
YoY Change 153.57% -83.22% -489.71%
NET CHANGE
Cash From Operating Activities 26.10M 23.80M 28.90M
Cash From Investing Activities -85.00M -44.30M -2.900M
Cash From Financing Activities 63.90M 20.10M -26.50M
Net Change In Cash 5.000M -400.0K -500.0K
YoY Change 150.0% -122.22% -93.67%
FREE CASH FLOW
Cash From Operating Activities $26.10M $23.80M $28.90M
Capital Expenditures -$85.00M -$44.30M -$2.800M
Free Cash Flow $111.1M $68.10M $31.70M
YoY Change 88.95% -61.7% -48.29%

Facts In Submission

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CY2012 us-gaap Real Estate Improvements
RealEstateImprovements
-18841000 USD
CY2011 us-gaap Real Estate Improvements
RealEstateImprovements
-3060000 USD
CY2013 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
18319000 USD
CY2013 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-117507000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-232467000 USD
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-390551000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
166718000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
157870000 USD
CY2013 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1933000 USD
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1793000 USD
CY2011 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1005000 USD
CY2013 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
216500000 USD
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
230500000 USD
CY2011 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
472500000 USD
CY2013 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
109000000 USD
CY2012 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
526500000 USD
CY2011 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
245000000 USD
CY2012 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
350000000 USD
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1964000 USD
CY2011 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3074000 USD
CY2013 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
94043000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
82819000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
70392000 USD
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
11524000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
134142000 USD
CY2011 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
310899000 USD
CY2013 us-gaap Interest Paid
InterestPaid
15336000 USD
CY2011 us-gaap Interest Paid
InterestPaid
10309000 USD
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
169000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
117000 USD
CY2011 us-gaap Income Taxes Paid
IncomeTaxesPaid
72000 USD
CY2011 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
-49395000 USD
CY2011 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
49395000 USD
CY2013 gov Stock Granted Or Issued During Period Value Sharebased Compensation
StockGrantedOrIssuedDuringPeriodValueSharebasedCompensation
1697000 USD
CY2012 gov Stock Granted Or Issued During Period Value Sharebased Compensation
StockGrantedOrIssuedDuringPeriodValueSharebasedCompensation
1902000 USD
CY2011 gov Stock Granted Or Issued During Period Value Sharebased Compensation
StockGrantedOrIssuedDuringPeriodValueSharebasedCompensation
721000 USD
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2408000 USD
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1983000 USD
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
835000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3272000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2437000 USD
CY2013 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="FONT-FAMILY: times;"><font size="2"><b>Note&#160;3. New Accounting Pronouncements</b></font></p> <p style="FONT-FAMILY: times;"><font size="2">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Effective January 2013, we adopted Financial Accounting Standards Board, or FASB, Accounting Standards Update No.&#160;2013-02,</font> <font size="2"><i>Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income</i></font><font size="2">. This update is the culmination of the FASB's deliberation on reporting reclassification adjustments from accumulated other comprehensive income, or AOCI. This standard did not change the requirements for reporting net income or other comprehensive income. However, it requires disclosure of amounts reclassified out of AOCI in their entirety, by component, on the face of the statement of income and comprehensive income or in the notes thereto. Amounts that are not required to be reclassified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail. This update was effective prospectively for annual and interim reporting periods beginning after December&#160;15, 2012. The implementation of this update did not cause any material changes to the disclosures in, or the presentation of, our consolidated financial statements.</font></p> </div>
CY2013Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
68 property
CY2013Q4 gov Number Of Buildings
NumberOfBuildings
87 item
CY2013Q4 gov Number Of States In Which Real Estate Properties Held
NumberOfStatesInWhichRealEstatePropertiesHeld
31 state
CY2013Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
10300000
CY2013 gov Percentage Of Ownership In Subsidiaries
PercentageOfOwnershipInSubsidiaries
1.00 pure
CY2013 gov Increase Decrease To Rental Income From Amortization In Capitalized Above And Below Market Leases
IncreaseDecreaseToRentalIncomeFromAmortizationInCapitalizedAboveAndBelowMarketLeases
-1123000 USD
CY2012 gov Increase Decrease To Rental Income From Amortization In Capitalized Above And Below Market Leases
IncreaseDecreaseToRentalIncomeFromAmortizationInCapitalizedAboveAndBelowMarketLeases
-2056000 USD
CY2011 gov Increase Decrease To Rental Income From Amortization In Capitalized Above And Below Market Leases
IncreaseDecreaseToRentalIncomeFromAmortizationInCapitalizedAboveAndBelowMarketLeases
-725000 USD
CY2013Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
9335000 USD
CY2012Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
9335000 USD
CY2013Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
5424000 USD
CY2012Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
3617000 USD
CY2013 gov Deferred Finance Costs Future Amortization Expense Year One
DeferredFinanceCostsFutureAmortizationExpenseYearOne
1807000 USD
CY2013 gov Deferred Finance Costs Future Amortization Expense Year Two
DeferredFinanceCostsFutureAmortizationExpenseYearTwo
1536000 USD
CY2013 gov Deferred Finance Costs Future Amortization Expense Year Three
DeferredFinanceCostsFutureAmortizationExpenseYearThree
449000 USD
CY2013 gov Deferred Finance Costs Future Amortization Expense Year Four
DeferredFinanceCostsFutureAmortizationExpenseYearFour
45000 USD
CY2013 gov Deferred Finance Costs Future Amortization Expense Year Five
DeferredFinanceCostsFutureAmortizationExpenseYearFive
33000 USD
CY2013 gov Deferred Finance Costs Future Amortization Expense After Year Five
DeferredFinanceCostsFutureAmortizationExpenseAfterYearFive
41000 USD
CY2013 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2013 gov Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
1017753
CY2013 gov Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
48 property
CY2013 gov Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
25495000 USD
CY2013Q4 gov Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations
16557000 USD
CY2013 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div style="font-size:10.0pt;font-family:Times New Roman;"> <font size="2"><i>Revenue Recognition.</i></font><font size="2">&#160;&#160;&#160;&#160;Rental income from operating leases is recognized on a straight line basis over the life of lease agreements. We increased rental income by $2,739, $3,428 and $1,565 to record revenue on a straight line basis during the years ended December&#160;31, 2013, 2012 and 2011, respectively. Rents receivable include $10,515 and $7,776 of straight line rent receivables at December&#160;31, 2013 and 2012, respectively.</font> </div>
CY2013Q4 gov Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
3 property
CY2013Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
597727000 USD
CY2012Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
492627000 USD
CY2013 gov Mortgage Loans On Real Estate Assumed In Acquisitions Number Of Loans
MortgageLoansOnRealEstateAssumedInAcquisitionsNumberOfLoans
4 loan
CY2013Q4 gov Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
120595000 USD
CY2013Q4 gov Number Of Real Estate Properties Collateralized
NumberOfRealEstatePropertiesCollateralized
4 property
CY2013 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-size:10.0pt;font-family:Times New Roman;"> <font size="2"><i>Reclassifications.</i></font><font size="2">&#160;&#160;&#160;&#160;Certain reclassifications have been made to the prior years' financial statements to conform to the current year's presentation.</font> </div>
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-size:10.0pt;font-family:Times New Roman;"> <font size="2"><i>Use of Estimates.</i></font><font size="2">&#160;&#160;&#160;&#160;Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes. The actual results could differ from these estimates.</font> </div>
CY2013 gov Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P8Y8M12D
CY2013Q4 gov Number Of Buildings Collateralized
NumberOfBuildingsCollateralized
5 item
CY2013 gov Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
2 property
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2072000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
205691000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
24708000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
351307000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1415000 USD
CY2013Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
10851000 USD
CY2013Q4 us-gaap Long Term Debt
LongTermDebt
596044000 USD
CY2013Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
56304000 USD
CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
55934000 USD
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
56401000 USD
CY2013Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
58271000 USD
CY2012Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
48061000 USD
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
48584000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
52426000 USD
CY2012Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
54629000 USD
CY2013Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24726000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15204000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1966000 USD
CY2013Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12724000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13059000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11954000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11756000 USD
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2013 dei Entity Registrant Name
EntityRegistrantName
Government Properties Income Trust
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001456772
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
54725362 shares
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013Q2 dei Entity Public Float
EntityPublicFloat
1375020389 USD
CY2013Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.43
CY2013Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.43
CY2013Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.43
CY2013Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.43
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.67
CY2014Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.43
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.69
CY2013 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.72
CY2011 gov Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.9288 pure
CY2013 gov Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.8292 pure
CY2012 gov Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.8036 pure
CY2011 gov Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0.0712 pure
CY2013 gov Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0.0955 pure
CY2012 gov Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0.1964 pure
CY2013Q4 gov Number Of State Governments
NumberOfStateGovernments
11 government
CY2013Q3 gov Number Of Other Companies To Whom Management Services Were Provided By Related Party
NumberOfOtherCompaniesToWhomManagementServicesWereProvidedByRelatedParty
4 item
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
55308000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
48903000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
42255000 USD
CY2010Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
911327000 USD
CY2011Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1288453000 USD
CY2012Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1467863000 USD
CY2013Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1568562000 USD
CY2011 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
378176000 USD
CY2012 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
192560000 USD
CY2013 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
103413000 USD
CY2011 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
1050000 USD
CY2012 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
13150000 USD
CY2013 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
2714000 USD
CY2010Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
115215000 USD
CY2011Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
139210000 USD
CY2012Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
156661000 USD
CY2013Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
187635000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
25045000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
30601000 USD
CY2013 us-gaap Real Estate Accumulated Depreciation Other Additions
RealEstateAccumulatedDepreciationOtherAdditions
33688000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
1050000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
13150000 USD
CY2013 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
2714000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
1324876000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
243686000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
87830000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
1237957000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
242775000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
90727000 USD
CY2013 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
8168000 USD
CY2013 gov Common Stock Dividends Internal Revenue Code Section1250 Gain Distribution Percentage
CommonStockDividendsInternalRevenueCodeSection1250GainDistributionPercentage
0.0052 pure

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