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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Rental $ 59,453,000 $ 58,801,000 $ 117,813,000 $ 117,814,000
Related party revenue:        
Management fees and interest income from loans 1,337,000 1,412,000 2,770,000 2,885,000
Other 17,000 20,000 37,000 41,000
Total revenues 60,807,000 60,233,000 120,620,000 120,740,000
Expenses:        
Real estate operating expenses 14,929,000 14,644,000 30,221,000 30,000,000
Real estate taxes and insurance 10,154,000 9,469,000 19,304,000 19,517,000
Depreciation and amortization 22,352,000 23,207,000 44,797,000 45,879,000
Selling, general and administrative 3,494,000 3,401,000 7,024,000 7,092,000
Interest 6,417,000 6,365,000 12,850,000 12,552,000
Total expenses 57,346,000 57,086,000 114,196,000 115,040,000
Income before interest income, equity in losses of non-consolidated REITs, other, gain (loss) on sale of properties and property held for sale, less applicable income tax and taxes 3,461,000 3,147,000 6,424,000 5,700,000
Interest income       1,000
Equity in losses of non-consolidated REITs (86,000) (38,000) (372,000) (360,000)
Other (1,009,000)   (1,009,000)  
Gain (loss) on sale of properties and property held for sale, less applicable income tax (643,000) 948,000 (643,000) 11,410,000
Income before taxes on income 1,723,000 4,057,000 4,400,000 16,751,000
Taxes on income 111,000 154,000 209,000.000 315,000.000
Net income $ 1,612,000 $ 3,903,000 $ 4,191,000 $ 16,436,000
Weighted average number of shares outstanding, basic and diluted (in shares) 100,187 100,187 100,187 100,187
Net income per share, basic and diluted (in dollars per share) $ 0.02 $ 0.04 $ 0.04 $ 0.16