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Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Lease income $ 96,803 $ 118,449 $ 215,498 $ 241,152
Expenses:        
Operating expenses 14,843 17,129 31,257 34,815
Real estate taxes 17,916 18,534 36,449 36,937
Depreciation and amortization 43,755 42,882 83,928 86,149
Provision for impairment of investment properties 0 0 346 0
General and administrative expenses 8,491 9,353 17,656 19,852
Total expenses 85,005 87,898 169,636 177,753
Other (expense) income:        
Interest expense (19,360) (17,363) (36,406) (34,793)
Gain on sales of investment properties 0 8,454 0 16,903
Gain on litigation settlement 0 0 6,100 0
Other income (expense), net 215 (472) (546) (1,131)
Net (loss) income (7,347) 21,170 15,010 44,378
Net income attributable to noncontrolling interests 0 0 0 0
Net (loss) income attributable to common shareholders $ (7,347) $ 21,170 $ 15,010 $ 44,378
(Loss) earnings per common share – basic and diluted:        
Net (loss) income per common share attributable to common shareholders $ (0.04) $ 0.10 $ 0.07 $ 0.21
Net (loss) income $ (7,347) $ 21,170 $ 15,010 $ 44,378
Other comprehensive income (loss):        
Net unrealized gain (loss) on derivative instruments (Note 8) 694 (6,307) (26,888) (9,821)
Comprehensive (loss) income attributable to the Company $ (6,653) $ 14,863 $ (11,878) $ 34,557
Weighted average number of common shares outstanding – basic 213,337 212,951 213,276 212,900
Weighted average number of common shares outstanding – diluted 213,337 213,090 213,276 213,156