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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental $ 67,339 $ 61,925 $ 201,710 $ 179,738
Related party revenue:        
Management fees and interest income from loans 1,278 1,338 4,014 4,108
Other 9 17 29 54
Total revenues 68,626 63,280 205,753 183,900
Expenses:        
Real estate operating expenses 17,898 16,905 52,492 47,126
Real estate taxes and insurance 11,882 10,218 35,880 29,522
Depreciation and amortization 24,988 23,298 75,599 68,095
Selling, general and administrative 3,286 3,419 9,806 10,443
Interest 8,258 6,767 23,730 19,617
Total expenses 66,312 60,607 197,507 174,803
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 2,314 2,673 8,246 9,097
Equity in losses of non-consolidated REITs (121) (196) (719) (568)
Other 67 621 218 (388)
Gain (loss) on sale of properties and properties held for sale, less applicable income tax (257) (523) (18,460) (1,166)
Income (loss) before taxes on income 2,003 2,575 (10,715) 6,975
Taxes on income 100 117 297 326
Net income (loss) $ 1,903 $ 2,458 $ (11,012) $ 6,649
Weighted average number of shares outstanding, basic and diluted (in shares) 107,231 103,709 107,231 101,370
Net income (loss) per share, basic and diluted (in dollars per share) $ 0.02 $ 0.02 $ (0.10) $ 0.07