XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Rental     $ 263,777
Rental $ 244,207 $ 265,527  
Total revenues 245,848 269,065 268,870
Expenses:      
Real estate operating expenses 66,940 72,311 70,703
Real estate taxes and insurance 48,390 47,871 45,857
Depreciation and amortization 88,558 90,909 94,230
General and administrative 14,997 14,473 13,070
Interest 36,026 36,757 38,374
Total expenses 254,911 262,321 262,234
Gain on sale of property 41,928    
Income before taxes on income and equity in income of non-consolidated REITs 32,865 6,744 6,636
Tax expense on income 250 269 360
Equity in income of non-consolidated REITs     6,793
Net income $ 32,615 $ 6,475 $ 13,069
Weighted average number of shares outstanding, basic and diluted 107,303,000 107,233,000 107,231,000
Net income per share, basic and diluted $ 0.30 $ 0.06 $ 0.12
Rental      
Revenues:      
Rental     $ 263,777
Rental $ 244,207 $ 265,527  
Related party revenue: Management fees and interest income from loans      
Revenues:      
Revenue 1,610 3,517 5,061
Related party revenue: Other      
Revenues:      
Revenue $ 31 $ 21 $ 32