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Condensed Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Rental $ 58,801 $ 60,994 $ 117,814 $ 122,591
Related party revenue:        
Management fees and interest income from loans 1,412 1,671 2,885 3,314
Other 20 76 41 99
Total revenues 60,233 62,741 120,740 126,004
Expenses:        
Real estate operating expenses 14,644 14,995 30,000 30,066
Real estate taxes and insurance 9,469 9,763 19,517 19,014
Depreciation and amortization 23,207 23,563 45,879 47,863
Selling, general and administrative 3,401 3,148 7,092 6,420
Interest 6,365 6,891 12,552 14,067
Total expenses 57,086 58,360 115,040 117,430
Income before interest income, equity in losses of non-consolidated REITs and taxes 3,147 4,381 5,700 8,574
Interest income   1 1 2
Equity in losses of non-consolidated REITs (38) (552) (360) (1,036)
Gain on sale of properties, less applicable income tax 948   11,410  
Income before taxes on income 4,057 3,830 16,751 7,540
Taxes on income 154 117 315 254
Net income $ 3,903 $ 3,713 $ 16,436 $ 7,286
Weighted average number of shares outstanding, basic and diluted (in shares) 100,187 100,187 100,187 100,187
Earnings per share, basic and diluted:        
Net income per share, basic and diluted (in dollars per share) $ 0.04 $ 0.04 $ 0.16 $ 0.07