XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Total revenues $ 68,705,000 $ 68,626,000 $ 202,292,000 $ 205,753,000
Expenses:        
Real estate operating expenses 17,946,000 17,898,000 52,051,000 52,492,000
Real estate taxes and insurance 11,651,000 11,882,000 35,120,000 35,880,000
Depreciation and amortization 23,277,000 24,988,000 70,903,000 75,599,000
General and administrative 3,394,000 3,286,000 9,908,000 9,806,000
Interest 9,935,000 8,258,000 29,174,000 23,730,000
Total expenses 66,203,000 66,312,000 197,156,000 197,507,000
Income before equity in income (loss) of non-consolidated REITs, other, gain (loss) on sale of properties and properties held for sale, less applicable income tax and taxes 2,502,000 2,314,000 5,136,000 8,246,000
Equity in income (loss) of non-consolidated REITs 7,180,000 (121,000) 6,793,000 (719,000)
Other   67,000   218,000
Gain (loss) on sale of properties and properties held for sale, less applicable income tax   (257,000)   (18,460,000)
Income (loss) before taxes on income 9,682,000 2,003,000 11,929,000 (10,715,000)
Taxes on income 74,000 100,000 231,000 297,000
Net income (loss) $ 9,608,000 $ 1,903,000 $ 11,698,000 $ (11,012,000)
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 $ 0.09 $ 0.02 $ 0.11 $ (0.10)
Rental        
Revenues:        
Total revenues $ 67,436,000 $ 67,339,000 $ 198,473,000 $ 201,710,000
Related party revenue, Management fees and interest income from loans        
Revenues:        
Total revenues 1,261,000 1,278,000 3,793,000 4,014,000
Other        
Revenues:        
Total revenues $ 8,000 $ 9,000 $ 26,000 $ 29,000