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Condensed Consolidated Statements of Operations and Other Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Lease income $ 107,358 $ 119,717 $ 322,856 $ 360,869
Expenses:        
Operating expenses 15,620 16,088 46,877 50,903
Real estate taxes 19,720 18,583 56,169 55,520
Depreciation and amortization 41,741 67,460 125,669 153,609
Provision for impairment of investment properties 2,279 11,177 2,625 11,177
General and administrative expenses 8,514 10,334 26,170 30,186
Total expenses 87,874 123,642 257,510 301,395
Other (expense) income:        
Interest expense (21,941) (25,084) (58,347) (59,877)
Gain on sales of investment properties 0 1,969 0 18,872
Gain on litigation settlement 0 0 6,100 0
Other income (expense), net 169 (1,113) (377) (2,244)
Net (loss) income (2,288) (28,153) 12,722 16,225
Net income attributable to noncontrolling interests 0 0 0 0
Net (loss) income attributable to common shareholders $ (2,288) $ (28,153) $ 12,722 $ 16,225
(Loss) earnings per common share – basic and diluted:        
Net (loss) income per common share attributable to common shareholders $ (0.01) $ (0.13) $ 0.06 $ 0.07
Net (loss) income $ (2,288) $ (28,153) $ 12,722 $ 16,225
Other comprehensive income (loss):        
Net unrealized gain (loss) on derivative instruments (Note 8) 3,124 (7,152) (23,764) (16,973)
Comprehensive income (loss) attributable to the Company $ 836 $ (35,305) $ (11,042) $ (748)
Weighted average number of common shares outstanding – basic 213,385 212,995 213,312 212,932
Weighted average number of common shares outstanding – diluted 213,385 212,995 213,312 213,056