XML 39 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Information
 
 
Three Months Ended March 31, 2017
 
 
Investment
 
Investment
 
 
 
 
 
 
in Real Estate
 
in SIR
 
Corporate
 
Consolidated
Rental income
 
$
69,296

 
$
—

 
$
—

 
$
69,296

 
 
 
 
 
 
 
 
 
Expenses:
 
 

 
 

 
 

 
 

Real estate taxes
 
8,177

 
—

 
—

 
8,177

Utility expenses
 
4,606

 
—

 
—

 
4,606

Other operating expenses
 
13,992

 
—

 
—

 
13,992

Depreciation and amortization
 
20,505

 
—

 
—

 
20,505

General and administrative
 
—

 
—

 
3,962

 
3,962

Total expenses
 
47,280

 
—

 
3,962

 
51,242

 
 
 
 
 
 
 
 
 
Operating income (loss)
 
22,016

 
—

 
(3,962
)
 
18,054

Dividend income
 
—

 
—

 
304

 
304

Interest income
 
46

 
—

 
15

 
61

Interest expense
 
(432
)
 
—

 
(13,149
)
 
(13,581
)
Income (loss) from continuing operations before
 
 

 
 

 
 

 
 

income taxes and equity in earnings of investees
 
21,630

 
—

 
(16,792
)
 
4,838

Income tax expense
 
—

 
—

 
(18
)
 
(18
)
Equity in earnings of investees
 
—

 
2,611

 
128

 
2,739

Income (loss) from continuing operations
 
21,630

 
2,611

 
(16,682
)
 
7,559

Loss from discontinued operations
 
(144
)
 
—

 
—

 
(144
)
Net income (loss)
 
$
21,486

 
$
2,611

 
$
(16,682
)
 
$
7,415

 
 
 
 
As of March 31, 2017
 
 
Investment
 
Investment
 
 
 
 
 
 
in Real Estate
 
in SIR
 
Corporate
 
Consolidated
Total Assets
 
$
1,811,545

 
$
482,103

 
$
83,402

 
$
2,377,050



 
 
 
Three Months Ended March 31, 2016
 
 
Investment
 
Investment
 
 
 
 
 
 
in Real Estate
 
in SIR
 
Corporate
 
Consolidated
Rental income 
 
$
63,611

 
$
—

 
$
—

 
$
63,611

 
 
 
 
 
 
 
 
 
Expenses:
 
 

 
 

 
 

 
 

Real estate taxes
 
7,653

 
—

 
—

 
7,653

Utility expenses
 
4,174

 
—

 
—

 
4,174

Other operating expenses
 
12,911

 
—

 
—

 
12,911

Depreciation and amortization
 
18,324

 
—

 
—

 
18,324

Acquisition related costs
 
152

 
—

 
—

 
152

General and administrative
 
—

 
—

 
3,526

 
3,526

Total expenses
 
43,214

 
—

 
3,526

 
46,740

 
 
 
 
 
 
 
 
 
Operating income (loss)
 
20,397

 
—

 
(3,526
)
 
16,871

Interest income
 
—

 
—

 
6

 
6

Interest expense
 
(1,095
)
 
—

 
(8,269
)
 
(9,364
)
Gain on early extinguishment of debt
 
104

 
—

 
—

 
104

Income (loss) from continuing operations before income
 
 

 
 

 
 

 
 

income taxes and equity in earnings of investees
 
19,406

 
—

 
(11,789
)
 
7,617

Income tax expense
 
—

 
—

 
(15
)
 
(15
)
Equity in earnings of investees
 
—

 
9,857

 
77

 
9,934

Income (loss) from continuing operations
 
19,406

 
9,857

 
(11,727
)
 
17,536

Loss from discontinued operations
 
(149
)
 
—

 
—

 
(149
)
Net income (loss)
 
$
19,257

 
$
9,857

 
$
(11,727
)
 
$
17,387

 
 
As of December 31, 2016
 
 
Investment
 
Investment
 
 
 
 
 
 
in Real Estate
 
in SIR
 
Corporate
 
Consolidated
Total Assets
 
$
1,807,560

 
$
487,708

 
$
89,798

 
$
2,385,066