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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenue:    
Rental $ 58,360,000 $ 59,013,000
Related party revenue:    
Management fees and interest income from loans 1,433,000 1,473,000
Other 20,000 21,000
Total revenues 59,813,000 60,507,000
Expenses:    
Real estate operating expenses 15,292,000 15,356,000
Real estate taxes and insurance 9,150,000 10,048,000
Depreciation and amortization 22,445,000 22,672,000
Selling, general and administrative 3,530,000 3,691,000
Interest 6,433,000 6,187,000
Total expenses 56,850,000 57,954,000
Income before interest income, equity in losses of non-consolidated REITs and taxes 2,963,000 2,553,000
Interest income   1,000
Equity in losses of non-consolidated REITs (286,000) (322,000)
Gain on sale of properties, less applicable income tax   10,462,000
Income before taxes on income 2,677,000 12,694,000
Taxes on income 98,000.000 161,000.000
Net income $ 2,579,000 $ 12,533,000
Weighted average number of shares outstanding, basic and diluted (in shares) 100,187 100,187
Net income per share, basic and diluted (in dollars per share) $ 0.03 $ 0.13