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Consolidated Statements of Operations and Other Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues:      
Lease income $ 481,686 $ 482,497 $ 538,139
Expenses:      
Operating expenses 68,396 74,885 84,556
Real estate taxes 73,247 73,683 82,755
Depreciation and amortization 194,573 175,977 203,866
Provision for impairment of investment properties 12,298 2,079 67,003
General and administrative expenses 40,489 42,363 40,724
Total expenses 389,003 368,987 478,904
Other (expense) income:      
Interest expense (76,571) (73,746) (146,092)
Gain on sales of investment properties 18,872 37,211 337,975
Other (expense) income, net (2,587) 665 373
Net income 32,397 77,640 251,491
Net income attributable to noncontrolling interests 0 0 0
Net income attributable to the Company 32,397 77,640 251,491
Preferred stock dividends 0 0 (13,867)
Net income attributable to common shareholders $ 32,397 $ 77,640 $ 237,624
Earnings per common share - basic and diluted:      
Net income per common share attributable to common shareholders $ 0.15 $ 0.35 $ 1.03
Net income $ 32,397 $ 77,640 $ 251,491
Other comprehensive (loss) income:      
Net unrealized (loss) gain on derivative instruments (Note 8) (10,766) (2,608) 352
Comprehensive income attributable to the Company $ 21,631 $ 75,032 $ 251,843
Weighted average number of common shares outstanding – basic 212,948 217,830 230,747
Weighted average number of common shares outstanding – diluted 213,198 218,231 230,927