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Condensed Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Rental $ 60,386 $ 59,728 $ 178,200 $ 182,319
Related party revenue:        
Management fees and interest income from loans 1,470 1,462 4,355 4,776
Other 21   62 99
Total revenues 61,877 61,190 182,617 187,194
Expenses:        
Real estate operating expenses 15,951 15,632 45,951 45,698
Real estate taxes and insurance 9,941 8,555 29,458 27,569
Depreciation and amortization 22,911 24,878 68,790 72,741
Selling, general and administrative 3,071 3,071 10,163 9,491
Interest 6,425 6,883 18,977 20,950
Total expenses 58,299 59,019 173,339 176,449
Income before interest income, equity in losses of non-consolidated REITs and taxes 3,578 2,171 9,278 10,745
Interest income     1 2
Equity in losses of non-consolidated REITs (284) (455) (644) (1,491)
Gain on sale of properties, less applicable income tax 1   11,411  
Income before taxes on income 3,295 1,716 20,046 9,256
Taxes on income 129 149 444 403
Net income $ 3,166 $ 1,567 $ 19,602 $ 8,853
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) $ 0.03 $ 0.02 $ 0.20 $ 0.09