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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Rental $ 66,995,000 $ 59,453,000 $ 134,371,000 $ 117,813,000
Related party revenue:        
Management fees and interest income from loans 1,366,000 1,337,000 2,736,000 2,770,000
Other 10,000 17,000 20,000 37,000
Total revenues 68,371,000 60,807,000 137,127,000 120,620,000
Expenses:        
Real estate operating expenses 17,286,000 14,929,000 34,594,000 30,221,000
Real estate taxes and insurance 11,595,000 10,154,000 23,998,000 19,304,000
Depreciation and amortization 25,279,000 22,352,000 50,611,000 44,797,000
Selling, general and administrative 3,077,000 3,494,000 6,520,000 7,024,000
Interest 7,893,000 6,417,000 15,472,000 12,850,000
Total expenses 65,130,000 57,346,000 131,195,000 114,196,000
Income before equity in losses of non-consolidated REITs, other and gain (loss) on sale of properties and properties held for sale, less applicable income tax and taxes 3,241,000 3,461,000 5,932,000 6,424,000
Equity in losses of non-consolidated REITs (201,000) (86,000) (598,000) (372,000)
Other 129,000 (1,009,000) 151,000 (1,009,000)
Gain (loss) on sale of properties and properties held for sale, less applicable income tax (20,492,000) (643,000) (18,203,000) (643,000)
Income (loss) before taxes on income (17,323,000) 1,723,000 (12,718,000) 4,400,000
Taxes on income 72,000 111,000 197,000.000 209,000.000
Net income (loss) $ (17,395,000) $ 1,612,000 $ (12,915,000) $ 4,191,000
Weighted average number of shares outstanding, basic and diluted (in shares) 107,231 100,187 107,231 100,187
Net income (loss) per share, basic and diluted (in dollars per share) $ (0.16) $ 0.02 $ (0.12) $ 0.04