2012 Q4 Form 8-K Financial Statement

#000110465913054241 Filed on July 12, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 2011 Q4
Revenue $54.63M $203.7M $51.11M
YoY Change 6.89% 21.2% 38.5%
Cost Of Revenue $16.40M $59.60M $12.20M
YoY Change 34.43% 23.65% 15.09%
Gross Profit $38.30M $144.1M $28.70M
YoY Change 33.45% 20.18% 8.71%
Gross Profit Margin 70.11% 70.74% 56.16%
Selling, General & Admin $6.600M $27.70M $5.300M
YoY Change 24.53% 13.52% 6.0%
% of Gross Profit 17.23% 19.22% 18.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.00M $32.35M $20.70M
YoY Change 35.27% 20.32% 176.0%
% of Gross Profit 73.11% 22.45% 72.13%
Operating Expenses $19.90M $76.70M $15.20M
YoY Change 30.92% 23.31% 21.6%
Operating Profit $18.40M $67.07M $13.50M
YoY Change 36.3% 23.72% -2.88%
Interest Expense -$4.200M $16.89M -$3.400M
YoY Change 23.53% 40.1% 61.9%
% of Operating Profit -22.83% 25.19% -25.19%
Other Income/Expense, Net -$200.0K
YoY Change
Pretax Income $13.20M $50.52M $9.400M
YoY Change 40.43% 10.51% 42.42%
Income Tax $0.00 $159.0K $100.0K
% Of Pretax Income 0.0% 0.31% 1.06%
Net Earnings $13.00M $50.00M $13.20M
YoY Change -1.52% 8.7% 103.08%
Net Earnings / Revenue 23.8% 24.55% 25.83%
Basic Earnings Per Share $0.25 $1.03 $0.28
Diluted Earnings Per Share $977.4K $4.098M $1.100M
COMMON SHARES
Basic Shares Outstanding 54.64M shares 48.62M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2012 Q4 2012 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.300M $5.300M $3.300M
YoY Change 60.61% 60.61% 37.5%
Cash & Equivalents $5.255M $5.300M $3.272M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $28.90M $28.90M $29.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $34.20M $34.20M $32.30M
YoY Change 5.88% 5.88% 49.54%
LONG-TERM ASSETS
Property, Plant & Equipment $1.456B $1.456B $1.316B
YoY Change 10.64% 10.64% 45.13%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $62.00M $62.00M $10.40M
YoY Change 496.15% 496.15% 60.0%
Total Long-Term Assets $1.528B $1.528B $1.336B
YoY Change 14.34% 14.34% 43.73%
TOTAL ASSETS
Total Short-Term Assets $34.20M $34.20M $32.30M
Total Long-Term Assets $1.528B $1.528B $1.336B
Total Assets $1.562B $1.562B $1.369B
YoY Change 14.14% 14.14% 43.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.90M $18.90M $20.70M
YoY Change -8.7% -8.7% 43.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $95.40M
YoY Change -100.0% -100.0% 105.6%
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $22.60M $22.60M $120.2M
YoY Change -81.2% -81.2% 93.56%
LONG-TERM LIABILITIES
Long-Term Debt $492.6M $492.6M $345.5M
YoY Change 42.58% 42.58% 192.8%
Other Long-Term Liabilities $19.40M $19.40M $11.30M
YoY Change 71.68% 71.68% -17.52%
Total Long-Term Liabilities $512.0M $512.0M $356.8M
YoY Change 43.5% 43.5% 170.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.60M $22.60M $120.2M
Total Long-Term Liabilities $512.0M $512.0M $356.8M
Total Liabilities $534.7M $534.7M $476.9M
YoY Change 12.11% 12.12% 145.97%
SHAREHOLDERS EQUITY
Retained Earnings $137.3M $87.33M
YoY Change 57.21% 111.28%
Common Stock $1.105B $935.9M
YoY Change 18.02% 20.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.027B $1.028B $891.7M
YoY Change
Total Liabilities & Shareholders Equity $1.562B $1.562B $1.369B
YoY Change 14.14% 14.14% 43.87%

Cashflow Statement

Concept 2012 Q4 2012 2011 Q4
OPERATING ACTIVITIES
Net Income $13.00M $50.00M $13.20M
YoY Change -1.52% 8.7% 103.08%
Depreciation, Depletion And Amortization $28.00M $32.35M $20.70M
YoY Change 35.27% 20.32% 176.0%
Cash From Operating Activities $17.80M $100.3M $16.80M
YoY Change 5.95% 24.63% 46.09%
INVESTING ACTIVITIES
Capital Expenditures -$41.00M -$232.5M -$59.10M
YoY Change -30.63% -40.48% 27.92%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$41.00M -$232.5M -$59.10M
YoY Change -30.63% -40.48% 27.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $166.7M $166.7M
YoY Change 5.6%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.20M $134.1M 39.80M
YoY Change -36.68% -56.85% 14.37%
NET CHANGE
Cash From Operating Activities 17.80M $100.3M 16.80M
Cash From Investing Activities -41.00M -$232.5M -59.10M
Cash From Financing Activities 25.20M $134.1M 39.80M
Net Change In Cash 2.000M $1.983M -2.500M
YoY Change -180.0% 137.49% -2600.0%
FREE CASH FLOW
Cash From Operating Activities $17.80M $100.3M $16.80M
Capital Expenditures -$41.00M -$232.5M -$59.10M
Free Cash Flow $58.80M $332.8M $75.90M
YoY Change -22.53% -29.35% 31.54%

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<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;" size="2">Note&#160;3. New Accounting Pronouncements</font></b></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in;"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;" size="2">In January&#160;2012, we adopted Financial Accounting Standards Board, or FASB, Accounting Standards Update No.&#160;2011-04, <i>Amendments to Achieve Common Fair Value Measurements and Disclosure Requirements in U.S.&#160;GAAP and IFRS</i>.&#160; This update clarified the application of existing fair value measurement requirements.&#160; This update also required reporting entities to disclose additional information regarding fair value measurements categorized within Level 3 of the fair value hierarchy.&#160; This update was effective for interim and annual reporting periods beginning after December&#160;15, 2011.&#160; The implementation of this update did not cause any material changes to the disclosures in, or presentation of, our consolidated financial statements.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in;">&#160;</p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in;"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman;" size="2">In January&#160;2012, we adopted FASB Accounting Standards Update No.&#160;2011-05, <i>Presentation of Comprehensive Income</i>.&#160; This update eliminated the option to report other comprehensive income and its components in the statement of shareholders&#8217; equity.&#160; This update was intended to enhance comparability between entities that report under GAAP and to provide a more consistent method of presenting non-owner transactions that affect an entity&#8217;s equity.&#160; This standard was effective for interim and annual reporting periods beginning after December&#160;15, 2011.&#160; The implementation of this update did not cause any changes to our consolidated financial statements other than the presentation of the consolidated statements of comprehensive income.</font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> </div>
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145000 USD
CY2011 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
-49395000 USD
CY2010 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
-44951000 USD
CY2011 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
49395000 USD
CY2010 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
44951000 USD
CY2011 gov Stock Granted Or Issued During Period Value Sharebased Compensation
StockGrantedOrIssuedDuringPeriodValueSharebasedCompensation
-721000 USD
CY2010 gov Stock Granted Or Issued During Period Value Sharebased Compensation
StockGrantedOrIssuedDuringPeriodValueSharebasedCompensation
-546000 USD
CY2012 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
1983000 USD
CY2012 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
134142000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-232467000 USD
CY2012 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
100308000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2437000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1478000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5255000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
352050000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
757397000 USD
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StockIssuedDuringPeriodValueNewIssues
418930000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
157870000 USD
CY2012 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
22000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
166718000 USD
CY2010 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
546000 USD
CY2011 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
721000 USD
CY2012 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
1902000 USD
CY2010 us-gaap Dividends
Dividends
41926000 USD
CY2011 us-gaap Dividends
Dividends
70392000 USD
CY2012 us-gaap Dividends
Dividends
82819000 USD
CY2012Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
492627000 USD
CY2011Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
440883000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
93127000 USD
CY2011Q4 us-gaap Secured Debt
SecuredDebt
95383000 USD
CY2012 gov Mortgage Loans On Real Estate Assumed In Acquisitions Number Of Loans
MortgageLoansOnRealEstateAssumedInAcquisitionsNumberOfLoans
4 loan
CY2012Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2012Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2012Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.43
CY2012 gov Deferred Finance Costs Future Amortization Expense Year Three
DeferredFinanceCostsFutureAmortizationExpenseYearThree
1540000 USD
CY2012 gov Deferred Finance Costs Future Amortization Expense Year Four
DeferredFinanceCostsFutureAmortizationExpenseYearFour
449000 USD
CY2012 gov Deferred Finance Costs Future Amortization Expense Year Five
DeferredFinanceCostsFutureAmortizationExpenseYearFive
45000 USD
CY2012 gov Deferred Finance Costs Future Amortization Expense After Year Five
DeferredFinanceCostsFutureAmortizationExpenseAfterYearFive
74000 USD
CY2011Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
3901000 USD
CY2012Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
7455000 USD
CY2012 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2012 gov Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
1192532
CY2012 gov Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
13696000 USD
CY2012Q4 gov Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations
9538000 USD
CY2012 gov Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P5Y8M12D
CY2012Q4 gov Number Of Properties Acquired
NumberOfPropertiesAcquired
13 property
CY2012Q4 gov Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
122682000 USD
CY2012Q4 gov Number Of Real Estate Properties Collateralized
NumberOfRealEstatePropertiesCollateralized
5 property
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
1933000 USD
CY2012Q4 gov Number Of States In Which Real Estate Properties Held
NumberOfStatesInWhichRealEstatePropertiesHeld
32 State
CY2012Q4 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
10200000
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2072000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
98191000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
24708000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
351308000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
12265000 USD
CY2012Q4 us-gaap Long Term Debt
LongTermDebt
490477000 USD
CY2012 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in;"><i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman;" size="2">Revenue Recognition.</font></i><font style="FONT-SIZE: 10pt;" size="2">&#160; Rental income from operating leases is recognized on a straight line basis over the life of lease agreements. We increased (decreased) rental income by $3,553, $1,729 and ($5) to record revenue on a straight line basis during the years ended December&#160;31, 2012, 2011 and 2010, respectively.&#160; Rents receivable include $7,455 and $3,901 of straight line rent receivables at December&#160;31, 2012 and 2011, respectively.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center;" align="center">&#160;</p> </div>
CY2012 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in;"><i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman;" size="2">Reclassifications.</font></i><font style="FONT-SIZE: 10pt;" size="2">&#160; Certain reclassifications have been made to the prior years&#8217; financial statements to conform to the current year&#8217;s presentation.</font></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in;">&#160;</p> </div>
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in;"><i><font style="FONT-SIZE: 10pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman;" size="2">Use of Estimates.</font></i><font style="FONT-SIZE: 10pt;" size="2">&#160; Preparation of these financial statements in conformity with 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></p> <p style="MARGIN: 0in 0in 0pt; TEXT-INDENT: 0.5in;">&#160;</p> </div>
CY2012 gov Percentage Of Ownership In Subsidiaries
PercentageOfOwnershipInSubsidiaries
1.00 pure
CY2012 gov Maximum Term Of Original Maturity To Classify Instruments As Cash And Cash Equivalents
MaximumTermOfOriginalMaturityToClassifyInstrumentsAsCashAndCashEquivalents
P3M
CY2010 gov Increase Decrease To Rental Income From Amortization In Capitalized Above And Below Market Leases
IncreaseDecreaseToRentalIncomeFromAmortizationInCapitalizedAboveAndBelowMarketLeases
-78000 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
CY2012Q4 gov Number Of State Governments
NumberOfStateGovernments
10 government
CY2012Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.42
CY2010 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.21
CY2011 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.67
CY2010 gov Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.9834 pure
CY2011 gov Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.9288 pure
CY2010 gov Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0.0166 pure
CY2011 gov Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0.0712 pure
CY2012Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
7500000 shares
CY2012Q4 gov Common Stock Shares Issued Per Share Price
CommonStockSharesIssuedPerSharePrice
23.25
CY2012Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
166718000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
53593000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11756000 USD
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2012Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2012Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2011Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
38579000 USD
CY2011Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10254000 USD
CY2012Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
49997000 USD
CY2012Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13059000 USD
CY2012Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2012Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2011Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
41451000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
10932000 USD
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2011Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2011Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
45243000 USD
CY2011Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11563000 USD
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2011Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
51106000 USD
CY2011Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13248000 USD
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2011Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.42
CY2012 gov Significant Acquisitions And Disposals Pro Forma Revenue
SignificantAcquisitionsAndDisposalsProFormaRevenue
227753000 USD
CY2012 gov Real Estate Aggregate Purchase Price
RealEstateAggregatePurchasePrice
213974000 USD
CY2011Q4 gov Number Of Properties Acquired
NumberOfPropertiesAcquired
16 property
CY2012Q4 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
7500000 shares
CY2011 gov Real Estate Aggregate Purchase Price
RealEstateAggregatePurchasePrice
444050000 USD
CY2011Q4 us-gaap Business Acquisition Purchase Price Allocation Notes Payable And Long Term Debt
BusinessAcquisitionPurchasePriceAllocationNotesPayableAndLongTermDebt
49395000 USD
CY2011 us-gaap Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued
BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
6500000 shares
CY2012 gov Significant Acquisitions And Disposals Net Income Loss
SignificantAcquisitionsAndDisposalsNetIncomeLoss
56747000 USD
CY2012 gov Significant Acquisitions And Disposals Pro Forma Earnings Per Share Basic
SignificantAcquisitionsAndDisposalsProFormaEarningsPerShareBasic
1.04
CY2011 gov Significant Acquisitions And Disposals Pro Forma Revenue
SignificantAcquisitionsAndDisposalsProFormaRevenue
233067000 USD
CY2011 gov Significant Acquisitions And Disposals Net Income Loss
SignificantAcquisitionsAndDisposalsNetIncomeLoss
59744000 USD
CY2011 gov Significant Acquisitions And Disposals Pro Forma Earnings Per Share Basic
SignificantAcquisitionsAndDisposalsProFormaEarningsPerShareBasic
1.10
CY2012 us-gaap Straight Line Rent
StraightLineRent
3553000 USD
CY2012 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.69
CY2012 gov Common Stock Dividends Ordinary Income Distribution Percentage
CommonStockDividendsOrdinaryIncomeDistributionPercentage
0.8036 pure
CY2012 gov Common Stock Dividends Return Of Capital Distribution Percentage
CommonStockDividendsReturnOfCapitalDistributionPercentage
0.1964 pure
CY2012Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
55850000 USD
CY2012Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
13191000 USD
CY2012Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22000 USD
CY2012 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
350000000 USD
CY2012Q4 us-gaap Land
Land
243611000 USD
CY2012Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1279343000 USD
CY2012Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
144401000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1553000 USD
CY2012Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
28997000 USD
CY2012Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
7661000 USD
CY2012Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5718000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
10369000 USD
CY2012Q4 us-gaap Line Of Credit
LineOfCredit
49500000 USD
CY2012Q4 us-gaap Other Liabilities
OtherLiabilities
19106000 USD
CY2012Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
3719000 USD
CY2012Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
19129000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
547000 USD
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48617000 shares
CY2012 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.03
CY2012 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32348000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
166718000 USD
CY2012 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
5183000 USD
CY2012 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
316000 USD
CY2012 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
159000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
137293000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
99000 USD
CY2012Q4 gov Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
214470000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1562134000 USD
CY2012Q4 us-gaap Unsecured Debt
UnsecuredDebt
350000000 USD
CY2012 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
209247000 USD
CY2012 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
23202000 USD
CY2012 us-gaap Utilities Costs
UtilitiesCosts
16418000 USD
CY2012 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
38155000 USD
CY2012 us-gaap Depreciation And Amortization
DepreciationAndAmortization
50590000 USD
CY2012 us-gaap Acquisition Costs
AcquisitionCosts
1614000 USD
CY2012 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12202000 USD
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
67066000 USD
CY2012 us-gaap Investment Income Interest
InvestmentIncomeInterest
29000 USD
CY2012 us-gaap Interest Expense
InterestExpense
16892000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19507000 USD
CY2012 us-gaap Other Noncash Expense
OtherNoncashExpense
1598000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-183000 USD
CY2012 us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
213626000 USD
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1793000 USD
CY2012 us-gaap Real Estate Improvements
RealEstateImprovements
-18841000 USD
CY2012 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
230500000 USD
CY2012 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
526500000 USD
CY2012 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-257000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-940000 USD
CY2012 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
45000 USD
CY2012 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1964000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
82819000 USD
CY2012 us-gaap Interest Paid
InterestPaid
15469000 USD
CY2012 us-gaap Income Taxes Paid
IncomeTaxesPaid
117000 USD
CY2012 gov Stock Granted Or Issued During Period Value Sharebased Compensation
StockGrantedOrIssuedDuringPeriodValueSharebasedCompensation
-1902000 USD
CY2012 us-gaap Asset Impairment Charges
AssetImpairmentCharges
494000 USD
CY2012 gov Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
48 property
CY2011 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1045000 USD
CY2010 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2283000 USD
CY2012 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1332000 USD
CY2011 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
630000 USD
CY2010 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
465000 USD
CY2012 us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
1122000 USD
CY2011 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
8071000 USD
CY2010 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
5661000 USD
CY2012 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-3454000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-400000 USD
CY2011 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
486000 USD
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
72000 USD
CY2012Q4 gov Real Estate Investment Propeties Net Of Impairment Charges
RealEstateInvestmentPropetiesNetOfImpairmentCharges
1522954000 USD
CY2013Q1 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.43
CY2012Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
10278000 USD
CY2011Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
11367000 USD
CY2012Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
102000 USD
CY2011Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
443000 USD
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
50360000 USD
CY2011 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
45511000 USD
CY2010 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
27723000 USD

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