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Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 66,694,000 $ 68,371,000 $ 133,587,000 $ 137,127,000
Expenses:        
Real estate operating expenses 16,954,000 17,286,000 34,105,000 34,594,000
Real estate taxes and insurance 12,292,000 11,595,000 23,469,000 23,998,000
Depreciation and amortization 23,591,000 25,279,000 47,626,000 50,611,000
General and administrative 3,082,000 3,077,000 6,514,000 6,520,000
Interest 9,753,000 7,893,000 19,239,000 15,472,000
Total expenses 65,672,000 65,130,000 130,953,000 131,195,000
Income before equity in losses of non-consolidated REITs, other and gain on sale of properties and properties held for sale, less applicable income tax and taxes 1,022,000 3,241,000 2,634,000 5,932,000
Equity in losses of non-consolidated REITs (282,000) (201,000) (387,000) (598,000)
Other   129,000   151,000
Gain (loss) on sale of properties and properties held for sale, less applicable income tax   (20,492,000)   (18,203,000)
Income (loss) before taxes on income 740,000 (17,323,000) 2,247,000 (12,718,000)
Taxes on income 75,000 72,000 157,000 197,000
Net income (loss) $ 665,000 $ (17,395,000) $ 2,090,000 $ (12,915,000)
Weighted average number of shares outstanding, basic and diluted (in shares) 107,231 107,231 107,231 107,231
Net income (loss) per share, basic and diluted $ 0.01 $ (0.16) $ 0.02 $ (0.12)
Rental        
Revenues:        
Total revenues $ 65,409,000 $ 66,995,000 $ 131,037,000 $ 134,371,000
Related party revenue, Management fees and interest income from loans        
Revenues:        
Total revenues 1,276,000 1,366,000 2,532,000 2,736,000
Other        
Revenues:        
Total revenues $ 9,000 $ 10,000 $ 18,000 $ 20,000