2014 Q3 Form 10-Q Financial Statement

#000110465914057477 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q4
Revenue $64.20M $62.43M $58.27M
YoY Change 13.83% 11.61% 6.67%
Cost Of Revenue $18.70M $18.00M $18.50M
YoY Change 14.02% 10.43% 12.8%
Gross Profit $45.40M $44.40M $39.80M
YoY Change 13.5% 11.84% 3.92%
Gross Profit Margin 70.72% 71.12% 68.3%
Selling, General & Admin $9.700M $8.200M $7.400M
YoY Change 16.87% 15.49% 12.12%
% of Gross Profit 21.37% 18.47% 18.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.30M $15.90M $14.50M
YoY Change -29.39% 14.39% -48.21%
% of Gross Profit 38.11% 35.81% 36.43%
Operating Expenses $27.30M $24.30M $22.20M
YoY Change 22.42% 17.39% 11.56%
Operating Profit $18.10M $19.38M $17.60M
YoY Change 12.51% 2.78% -4.35%
Interest Expense -$8.900M $5.158M -$4.600M
YoY Change -313.12% 26.89% 9.52%
% of Operating Profit -49.17% 26.62% -26.14%
Other Income/Expense, Net
YoY Change
Pretax Income $7.000M $14.23M $12.20M
YoY Change -41.59% -6.67% -7.58%
Income Tax $0.00 $101.0K $100.0K
% Of Pretax Income 0.0% 0.71% 0.82%
Net Earnings $12.60M $14.60M $12.70M
YoY Change 530.0% -3.95% -2.31%
Net Earnings / Revenue 19.63% 23.39% 21.79%
Basic Earnings Per Share $0.27 $0.23
Diluted Earnings Per Share $768.3K $1.066M $927.0K
COMMON SHARES
Basic Shares Outstanding 70.28M shares 54.74M shares 54.72M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.900M $5.000M $7.700M
YoY Change 81.48% 61.29% 45.28%
Cash & Equivalents $4.900M $5.035M $7.663M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $37.10M $34.70M $33.40M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $42.00M $39.70M $41.10M
YoY Change 23.17% 17.11% 20.18%
LONG-TERM ASSETS
Property, Plant & Equipment $1.623B $1.656B $1.523B
YoY Change 11.24% 12.78% 4.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $684.5M
YoY Change
Other Assets $33.70M $41.30M $43.20M
YoY Change -19.18% 163.06% -30.32%
Total Long-Term Assets $2.388B $1.712B $1.591B
YoY Change 57.19% 14.64% 4.15%
TOTAL ASSETS
Total Short-Term Assets $42.00M $39.70M $41.10M
Total Long-Term Assets $2.388B $1.712B $1.591B
Total Assets $2.430B $1.752B $1.632B
YoY Change 56.44% 14.69% 4.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.90M $22.20M $23.20M
YoY Change 11.16% 17.46% 22.75%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $27.80M $24.90M $25.70M
YoY Change 10.76% -94.63% 13.72%
LONG-TERM LIABILITIES
Long-Term Debt $1.071B $735.5M $597.7M
YoY Change 109.8% 2842.0% 21.34%
Other Long-Term Liabilities $17.90M $18.00M $19.40M
YoY Change 4.07% 3.45% 0.0%
Total Long-Term Liabilities $1.088B $753.5M $617.1M
YoY Change 106.35% 1677.12% 20.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $27.80M $24.90M $25.70M
Total Long-Term Liabilities $1.088B $753.5M $617.1M
Total Liabilities $1.116B $778.4M $642.8M
YoY Change 102.02% 53.8% 20.22%
SHAREHOLDERS EQUITY
Retained Earnings $221.7M $191.9M
YoY Change 25.1% 39.78%
Common Stock $1.107B $1.106B
YoY Change 0.15% 0.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.313B $973.2M $989.7M
YoY Change
Total Liabilities & Shareholders Equity $2.430B $1.752B $1.632B
YoY Change 56.44% 14.69% 4.5%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q4
OPERATING ACTIVITIES
Net Income $12.60M $14.60M $12.70M
YoY Change 530.0% -3.95% -2.31%
Depreciation, Depletion And Amortization $17.30M $15.90M $14.50M
YoY Change -29.39% 14.39% -48.21%
Cash From Operating Activities $31.10M $29.80M $26.10M
YoY Change 30.67% 3.11% 46.63%
INVESTING ACTIVITIES
Capital Expenditures -$13.20M -$47.30M -$85.00M
YoY Change -70.2% 1589.29% 107.32%
Acquisitions
YoY Change
Other Investing Activities -$675.4M -$800.0K $0.00
YoY Change 675300.0%
Cash From Investing Activities -$688.6M -$48.10M -$85.00M
YoY Change 1454.4% 1558.62% 107.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $349.7M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 657.4M 20.30M 63.90M
YoY Change 3170.65% -176.6% 153.57%
NET CHANGE
Cash From Operating Activities 31.10M 29.80M 26.10M
Cash From Investing Activities -688.6M -48.10M -85.00M
Cash From Financing Activities 657.4M 20.30M 63.90M
Net Change In Cash -100.0K 2.000M 5.000M
YoY Change -75.0% -500.0% 150.0%
FREE CASH FLOW
Cash From Operating Activities $31.10M $29.80M $26.10M
Capital Expenditures -$13.20M -$47.30M -$85.00M
Free Cash Flow $44.30M $77.10M $111.1M
YoY Change -34.95% 143.22% 88.95%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
gov Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
266796
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
CY2014Q2 us-gaap Land
Land
258330000 USD
CY2013Q4 us-gaap Land
Land
243686000 USD
CY2014Q2 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1439466000 USD
CY2014Q2 gov Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
17 property
CY2014Q2 gov Operating Leases Committed Expenditures On Leases Executed In Period Area Of Leased Property
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodAreaOfLeasedProperty
204326
CY2014Q2 gov Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P5Y1M6D
CY2014Q2 gov Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
5336000 USD
CY2014Q2 gov Operating Leases Committed Expenditures On Leases Executed In Period Committed But Unspent Tenant Related Obligations
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriodCommittedButUnspentTenantRelatedObligations
16654000 USD
CY2014Q2 gov Number Of Real Estate Properties Held For Sale
NumberOfRealEstatePropertiesHeldForSale
2 property
CY2014Q2 us-gaap Straight Line Rent
StraightLineRent
1101000 USD
CY2013Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
10515000 USD
CY2013Q2 us-gaap Straight Line Rent
StraightLineRent
609000 USD
us-gaap Straight Line Rent
StraightLineRent
2243000 USD
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
us-gaap Straight Line Rent
StraightLineRent
1347000 USD
CY2013Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
1324876000 USD
gov Number Of Operating Lease Executed
NumberOfOperatingLeaseExecuted
30 property
CY2014Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
12730000 USD
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
70279206 shares
gov Operating Leases Weighted Average Lease Term
OperatingLeasesWeightedAverageLeaseTerm
P5Y3M18D
gov Operating Leases Committed Expenditures On Leases Executed In Period
OperatingLeasesCommittedExpendituresOnLeasesExecutedInPeriod
6994000 USD
CY2014Q2 gov Number Of States In Which Real Estate Properties Held
NumberOfStatesInWhichRealEstatePropertiesHeld
31 state
CY2014Q1 gov Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
1 property
CY2014Q2 gov Number Of State Governments
NumberOfStateGovernments
11 government
CY2014Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
71 property
CY2014Q2 gov Number Of Buildings
NumberOfBuildings
91 item
CY2013Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
597727000 USD
CY2014Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
735459000 USD
gov Mortgage Loans On Real Estate Assumed In Acquisitions Number Of Loans
MortgageLoansOnRealEstateAssumedInAcquisitionsNumberOfLoans
6 loan
CY2014Q2 gov Aggregate Net Book Value Of Real Estate Properties Collateralized
AggregateNetBookValueOfRealEstatePropertiesCollateralized
264679000 USD
CY2014Q2 gov Number Of Real Estate Properties Collateralized
NumberOfRealEstatePropertiesCollateralized
6 property
CY2014Q2 gov Number Of Buildings Collateralized
NumberOfBuildingsCollateralized
8 item
CY2014Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.43
CY2014Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
23530000 USD
CY2014Q3 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.43
CY2014Q3 us-gaap Dividends
Dividends
23541000 USD
us-gaap Dilutive Securities
DilutiveSecurities
0 USD
dei Entity Registrant Name
EntityRegistrantName
Government Properties Income Trust
dei Entity Central Index Key
EntityCentralIndexKey
0001456772
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7663000 USD
CY2014Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1697796000 USD
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1568562000 USD
CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
205660000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
187635000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1492136000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1380927000 USD
CY2014Q2 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
23570000 USD
CY2013Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
25997000 USD
CY2014Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
163831000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
142266000 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5035000 USD
CY2014Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2501000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1689000 USD
CY2014Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
34656000 USD
CY2013Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
33350000 USD
CY2014Q2 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
11656000 USD
CY2013Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
11618000 USD
CY2014Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3618000 USD
CY2013Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3911000 USD
CY2014Q2 us-gaap Other Assets
OtherAssets
14602000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
25031000 USD
CY2014Q2 us-gaap Assets
Assets
1751605000 USD
CY2013Q4 us-gaap Assets
Assets
1632452000 USD
CY2014Q2 us-gaap Line Of Credit
LineOfCredit
195500000 USD
CY2013Q4 us-gaap Line Of Credit
LineOfCredit
157000000 USD
CY2014Q2 us-gaap Unsecured Debt
UnsecuredDebt
350000000 USD
CY2013Q4 us-gaap Unsecured Debt
UnsecuredDebt
350000000 USD
CY2014Q2 us-gaap Secured Debt
SecuredDebt
189959000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
90727000 USD
CY2014Q2 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
262000 USD
CY2013Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
276000 USD
CY2014Q2 us-gaap Other Liabilities
OtherLiabilities
22175000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
23216000 USD
CY2014Q2 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2734000 USD
CY2013Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
2474000 USD
CY2014Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
17752000 USD
CY2013Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
19084000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
778382000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
642777000 USD
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
548000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
547000 USD
CY2014Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1106452000 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1105679000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
221711000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
191913000 USD
CY2014Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
90000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
49000 USD
CY2014Q2 gov Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
355578000 USD
CY2013Q4 gov Cumulative Common Stock Distributions
CumulativeCommonStockDistributions
308513000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
973223000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
989675000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1751605000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1632452000 USD
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
70000000 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
70000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
54722018 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
54750836 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
54722018 shares
CY2014Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
54750836 shares
CY2014Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
62428000 USD
CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
55934000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
122248000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
112238000 USD
CY2014Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
7166000 USD
CY2013Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
6484000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
13978000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
12805000 USD
CY2014Q2 us-gaap Utilities Costs
UtilitiesCosts
4049000 USD
CY2013Q2 us-gaap Utilities Costs
UtilitiesCosts
3860000 USD
us-gaap Utilities Costs
UtilitiesCosts
9745000 USD
us-gaap Utilities Costs
UtilitiesCosts
7709000 USD
CY2014Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
10860000 USD
CY2013Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
9798000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
21901000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
19119000 USD
CY2014Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
16191000 USD
CY2013Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
13603000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
31618000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
26929000 USD
CY2014Q2 us-gaap Acquisition Costs
AcquisitionCosts
671000 USD
CY2013Q2 us-gaap Acquisition Costs
AcquisitionCosts
105000 USD
us-gaap Acquisition Costs
AcquisitionCosts
1180000 USD
us-gaap Acquisition Costs
AcquisitionCosts
139000 USD
CY2014Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4111000 USD
CY2013Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3229000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
7208000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6408000 USD
CY2014Q2 us-gaap Costs And Expenses
CostsAndExpenses
43048000 USD
CY2013Q2 us-gaap Costs And Expenses
CostsAndExpenses
37079000 USD
us-gaap Costs And Expenses
CostsAndExpenses
85630000 USD
us-gaap Costs And Expenses
CostsAndExpenses
73109000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
19380000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
18855000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
36618000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
39129000 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
8000 USD
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
4000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
58000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
10000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
5158000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
4065000 USD
us-gaap Interest Expense
InterestExpense
9685000 USD
us-gaap Interest Expense
InterestExpense
8212000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14230000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
14794000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
26991000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
30927000 USD
CY2014Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
101000 USD
CY2013Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
43000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
123000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
86000 USD
CY2014Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
118000 USD
CY2013Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
79000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
21000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
155000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
14247000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
14830000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
26889000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
30996000 USD
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
361000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
374000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
2909000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
8934000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14608000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15204000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29798000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39930000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
22000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-73000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
41000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-81000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
22000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-73000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
41000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-81000 USD
CY2014Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
14630000 USD
CY2013Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
15131000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29839000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
39849000 USD
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54743000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54669000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54734000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54657000 shares
CY2014Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.26
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.27
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.49
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.57
CY2014Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.05
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.16
CY2014Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.27
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2014Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
223000 USD
CY2013Q2 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
332000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
553000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
663000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
812000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
183000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18392000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17273000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
553000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
663000 USD
gov Straight Line Rent Continuing And Discontinued Operations
StraightLineRentContinuingAndDiscontinuedOperations
2209000 USD
gov Straight Line Rent Continuing And Discontinued Operations
StraightLineRentContinuingAndDiscontinuedOperations
1654000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12702000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10413000 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
964000 USD
us-gaap Amortization Of Deferred Leasing Fees
AmortizationOfDeferredLeasingFees
590000 USD
us-gaap Other Noncash Expense
OtherNoncashExpense
1008000 USD
us-gaap Other Noncash Expense
OtherNoncashExpense
1046000 USD
us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
2344000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
8168000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
1690000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
2075000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-1008000 USD
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
59000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2016000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1258000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1341000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
397000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
174000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-787000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
60880000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
58489000 USD
us-gaap Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
47359000 USD
us-gaap Real Estate Improvements
RealEstateImprovements
-9704000 USD
us-gaap Real Estate Improvements
RealEstateImprovements
-6542000 USD
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
825000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4644000 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
18374000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-53244000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
11832000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1072000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
955000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
85500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
46500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
47000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
71000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
627000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
47065000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
47002000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-10264000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-72457000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2628000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-2136000 USD
us-gaap Interest Paid
InterestPaid
8653000 USD
us-gaap Interest Paid
InterestPaid
7610000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
87000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
128000 USD
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
-97524000 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
97524000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5255000 USD
CY2014Q2 us-gaap Share Price
SharePrice
25.43
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
15525000 shares
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3119000 USD
CY2014Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.43
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-size:10.0pt;font-family:Times New Roman;"> <p style="MARGIN: 0in 0in 0pt;"><b><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold;" size="2">Note 2.</font></b> <font style="FONT-SIZE: 10pt;" size="2">&#160; <b>Recent Accounting Pronouncements</b></font></p> <p style="MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">In April&#160;2014, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No.&#160;2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.&#160; This update amends the criteria for reporting discontinued operations to, among other things, raise the threshold for disposals to qualify as discontinued operations. This update is effective for interim and annual reporting periods, beginning after December&#160;15, 2014, with early adoption permitted.&#160; We currently expect, that when adopted, this update will reduce the number of any future property dispositions we make to be presented as discontinued operations in our consolidated financial statements.</font></p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;">&#160;</p> <p style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt;"><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt;" size="2">In May&#160;2014, the FASB issued ASU No.&#160;2014-09, Revenue from Contracts with Customers, which provides guidance for revenue recognition. This update is effective for interim and annual reporting periods beginning after December&#160;15, 2016.&#160; We are currently in the process of evaluating the impact, if any, the adoption of this ASU will have on our consolidated financial statements.</font></p> </div>
CY2014Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
23535000 USD
CY2014Q2 gov Number Of Trustees
NumberOfTrustees
5 item
CY2014Q3 gov Common Stock Shares Issued Per Share Price
CommonStockSharesIssuedPerSharePrice
23.50
CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
349731000 USD
CY2014Q2 gov Number Of Other Companies To Whom Management Services Were Provided By Related Party
NumberOfOtherCompaniesToWhomManagementServicesWereProvidedByRelatedParty
4 item
CY2014Q2 gov Combined Directors And Officers Liability Insurance Policy Premium Paid
CombinedDirectorsAndOfficersLiabilityInsurancePolicyPremiumPaid
50000 USD

Files In Submission

Name View Source Status
0001104659-14-057477-index-headers.html Edgar Link pending
0001104659-14-057477-index.html Edgar Link pending
0001104659-14-057477.txt Edgar Link pending
0001104659-14-057477-xbrl.zip Edgar Link pending
a14-14087_110q.htm Edgar Link pending
a14-14087_1ex31d1.htm Edgar Link pending
a14-14087_1ex31d2.htm Edgar Link pending
a14-14087_1ex31d3.htm Edgar Link pending
a14-14087_1ex31d4.htm Edgar Link pending
a14-14087_1ex32d1.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gov-20140630.xml Edgar Link completed
gov-20140630.xsd Edgar Link pending
gov-20140630_cal.xml Edgar Link unprocessable
gov-20140630_def.xml Edgar Link unprocessable
gov-20140630_lab.xml Edgar Link unprocessable
gov-20140630_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending