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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Rental income $ 106,102 $ 70,179 $ 322,904 $ 209,362
Expenses:        
Real estate taxes 12,072 8,862 37,402 24,980
Other operating expenses 21,785 14,867 66,221 44,046
Depreciation and amortization 42,569 20,781 129,444 61,949
Loss on impairment of real estate 0 230 5,800 230
Acquisition and transaction related costs 3,813 0 3,813 0
General and administrative 22,383 3,266 36,438 12,314
Total expenses 110,405 53,414 299,608 157,705
Operating income (loss) (4,303) 16,765 23,296 51,657
Dividend income 304 304 912 911
Unrealized gain on equity securities 17,425 0 40,677 0
Interest income 140 1,715 405 1,843
Interest expense (including net amortization of debt premiums and discounts and debt issuance costs of $893, $990, $2,749 and $2,605, respectively) (23,374) (16,055) (69,444) (43,599)
Loss on early extinguishment of debt 0 (1,715) 0 (1,715)
Income (loss) from continuing operations before income taxes, equity in net earnings (losses) of investees and gain on sale of real estate (9,808) 1,014 (4,154) 9,097
Income tax expense (9) (22) (124) (65)
Equity in net earnings (losses) of investees 94 31 (1,112) 533
Income (loss) from continuing operations (9,723) 1,023 (5,390) 9,565
Income from discontinued operations 9,274 9,966 23,872 20,516
Income (loss) before gain on sale of real estate (449) 10,989 18,482 30,081
Gain on sale of real estate 0 0 17,329 0
Net income (loss) (449) 10,989 35,811 30,081
Other comprehensive income:        
Unrealized gain on investment in equity securities 0 3,279 0 14,389
Equity in unrealized gain of investees 126 1,351 119 5,634
Other comprehensive income 126 4,630 119 20,023
Comprehensive income (323) 15,619 35,930 50,104
Net income (loss) (449) 10,989 35,811 30,081
Preferred units of limited partnership distributions 0 0 (371) 0
Net income (loss) available for common shareholders $ (449) $ 10,989 $ 35,440 $ 30,081
Weighted average common shares outstanding (basic) (in shares) 99,071 96,883 99,055 79,778
Weighted average common shares outstanding (diluted) (in shares) 99,071 96,958 99,075 79,852
Income from discontinued operations        
Income (loss) from continuing operations (in dollars per share) $ (0.10) $ 0.01 $ 0.12 $ 0.12
Income from discontinued operations (in dollars per share) 0.09 0.10 0.24 0.26
Net income (loss) available for common shareholders (in dollars per share) $ 0.00 $ 0.11 $ 0.36 $ 0.38
Utility expenses        
Expenses:        
Utility expenses $ 7,783 $ 5,408 $ 20,490 $ 14,186