XML 32 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income      
Lease income, net $ 220,653 $ 236,560 $ 246,242
Income 226,490 242,674 251,809
Operating expenses      
Depreciation and amortization 97,429 100,593 95,345
Property operating expenses 31,944 34,822 35,656
Real estate taxes 34,232 35,205 35,566
General and administrative expenses 35,361 35,267 42,661
Total expenses 198,966 205,887 209,228
Interest, dividend and other income 2,486 2,494 3,941
Gain on sale and transfer of investment properties, net (22,717) (24,943) (30,155)
(Loss) gain on extinguishment of debt, net (2,901) 9,103 840
Provision for asset impairment (2,359) (3,510) (27,754)
Interest expense, net 62,011 95,097 24,066
Equity in earnings (losses) and (impairment), net, of unconsolidated entities 957 (31,393) (804)
Realized and unrealized gains on marketable securities, net 0 244 46,563
Other income (expense) 37,477 47,092 16,697
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 65,001 83,879 59,278
Income before income taxes (1,102) (30) (1,324)
Net income from continuing operations 63,899 83,849 57,954
Net (loss) income from discontinued operations (25,500) 0 3,839
Net income $ 38,399 $ 83,849 $ 61,793
Weighted average number of common shares outstanding, basic 728,620,309 761,139,011 773,445,341
Weighted average number of common shares outstanding, diluted 729,384,149 762,065,474 774,600,479
Net income, per common share, from continuing operations, basic and diluted (in dollars per share) $ 0.09 $ 0.11 $ 0.07
Net income, per common share, from discontinued operations, basic and diluted (in dollars per share) (0.04) 0 0
Net income per common share, basic and diluted (in dollars per share) 0.05 0.11 0.07
Distributions declared per common share outstanding (in dollars per share) 0.07 0.07 0.07
Distributions paid per common share outstanding (in dollars per share) $ 0.07 $ 0.07 $ 0.07
Comprehensive income      
Net income $ 38,399 $ 83,849 $ 61,793
Unrealized loss on marketable securities 0 0 (11,734)
Unrealized gain on derivatives 816 923  
Unrealized gain on derivatives     1,183
Reclassification for amounts recognized in net income (1,396) (956) (46,563)
Comprehensive income 37,819 83,816 4,679
Other property income      
Income      
Income 1,981 1,724 1,345
Other fee income      
Income      
Income $ 3,856 $ 4,390 $ 4,222