EXHIBIT 99.1
ITEM 6. SELECTED FINANCIAL DATA
The following table presents selected financial information of the Company and its subsidiaries. The financial information has been derived from the consolidated balance sheets and consolidated statements of operations.
The following financial information should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and the consolidated financial statements and related notes included elsewhere in this Current Report on Form 8-K.
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| | | Years Ended December 31, | |
| (amounts in thousands, except per share amounts) | | 2010 | | | 2009 | | | 2008 | | | 2007 | | | 2006 | |
| | | | | | | | | | | | | | | (unaudited) | |
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| Operating Data: | | | | | | | | | | | | | | | | | | | | |
| Rental revenue and tenant reimbursements | | $ | 138,547 | | | $ | 130,648 | | | $ | 120,898 | | | $ | 116,165 | | | $ | 96,370 | |
| (Loss) income from continuing operations | | $ | (8,637 | ) | | $ | 5,539 | | | $ | 3,750 | | | $ | (4,042 | ) | | $ | (541 | ) |
| (Loss) income from discontinued operations | | | (3,038 | ) | | | (1,483 | ) | | | 16,391 | | | | 2,856 | | | | 10,935 | |
| | | | | | | | | | | | | | | | |
| Net (loss) income | | | (11,675 | ) | | | 4,056 | | | | 20,141 | | | | (1,186 | ) | | | 10,394 | |
| Less: Net loss (income) attributable to noncontrolling interests | | | 232 | | | | (124 | ) | | | (615 | ) | | | 36 | | | | (503 | ) |
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| Net (loss) income attributable to common shareholders | | $ | (11,443 | ) | | $ | 3,932 | | | $ | 19,526 | | | $ | (1,150 | ) | | $ | 9,891 | |
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| Net (loss) income attributable to common shareholders per share — basic and diluted: | | | | | | | | | | | | | | | | | | | | |
| (Loss) income from continuing operations | | $ | (0.25 | ) | | $ | 0.17 | | | $ | 0.13 | | | $ | (0.17 | ) | | $ | (0.02 | ) |
| (Loss) income from discontinued operations | | | (0.08 | ) | | | (0.05 | ) | | | 0.64 | | | | 0.11 | | | | 0.47 | |
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| Net (loss) income | | $ | (0.33 | ) | | $ | 0.12 | | | $ | 0.77 | | | $ | (0.06 | ) | | $ | 0.45 | |
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| Cash dividends declared and paid per common share | | $ | 0.80 | | | $ | 0.94 | | | $ | 1.36 | | | $ | 1.36 | | | $ | 1.24 | |
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| | | At December 31, | |
| (amounts in thousands) | | 2010 | | | 2009 | | | 2008 | | | 2007 | | | 2006 | |
| Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | |
| Total assets | | $ | 1,396,682 | | | $ | 1,071,173 | | | $ | 1,080,249 | | | $ | 1,052,299 | | | $ | 994,567 | |
| | |
| Mortgage loans and other debt | | | 725,032 | | | | 645,081 | | | | 653,781 | | | | 669,658 | | | | 580,076 | |
| Equity | | | 618,060 | | | | 377,759 | | | | 365,293 | | | | 337,520 | | | | 371,978 | |
