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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Rental income $ 69,296 $ 63,611
Expenses:    
Real estate taxes 8,177 7,653
Utility expenses 4,606 4,174
Other operating expenses 13,992 12,911
Depreciation and amortization 20,505 18,324
Acquisition related costs 0 152
General and administrative 3,962 3,526
Total expenses 51,242 46,740
Operating income 18,054 16,871
Dividend income 304 0
Interest income 61 6
Interest expense (including net amortization of debt premiums and discounts and debt issuance costs of $807 and $471, respectively) (13,581) (9,364)
Gain on early extinguishment of debt 0 104
Income from continuing operations before income taxes and equity in earnings of investees 4,838 7,617
Income tax expense (18) (15)
Equity in earnings of investees 2,739 9,934
Income from continuing operations 7,559 17,536
Loss from discontinued operations (144) (149)
Net income 7,415 17,387
Other comprehensive income    
Unrealized gain on investment in available for sale securities 12,142 12,871
Equity in unrealized gain of investees 4,615 4,544
Other comprehensive income 16,757 17,415
Comprehensive income $ 24,172 $ 34,802
Weighted average common shares outstanding (basic) (in shares) 71,079 71,031
Weighted average common shares outstanding (diluted) (in shares) 71,094 71,031
Per common share amounts (basic and diluted):    
Income from continuing operations (in dollars per share) $ 0.11 $ 0.25
Loss from discontinued operations (in dollars per share) 0.00 0.00
Net income (in dollars per share) $ 0.10 $ 0.24