and amortization 13,456 12,664 39,878 39,734
Total adjustments 12,710 9,077 30,780 (1,725)
Funds From Operations -
Basic and Diluted $18,237 $14,563 $56,873 $53,749
Funds From Operations
Per Common Share - Basic $0.37 $0.31 $1.15 $1.15
Funds From Operations
Per Common Share - Diluted $0.36 $0.31 $1.13 $1.13
Weighted Average Common
Shares Outstanding -
Basic 49,530,813 46,683,619 49,438,796 46,680,455
Weighted Average Common
Shares Outstanding -
Diluted 50,614,173 47,601,330 50,481,469 47,596,154
RECONCILIATION OF FUNDS AVAILABLE FOR DISTRIBUTION (2):
(Dollars in thousands, except per share data)
(Unaudited)
Three Months Ended
September 30, 2008
Net Income $5,527
Gain on sales of real estate properties (746)
Total non-cash items included in cash
flows from operating activities (3) 17,310
Funds Available For Distribution $22,091
Funds Available For Distribution Per Common Share - Diluted 0.44
Weighted Average Common Shares Outstanding - Diluted 50,614,173
(1) Funds from operations ("FFO") is calculated according to the
definition of the National Association of Real Estate Investment
Trusts ("NAREIT") and is comprised primarily of net income and
depreciation from real estate, but is not adjusted for certain
non-cash income and expense items. Gains on the sale of real estate
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