XML 17 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)    
Rental income $ 63,611 $ 62,659
Expenses:    
Real estate taxes 7,653 7,410
Utility expenses 4,174 4,571
Other operating expenses 12,911 12,210
Depreciation and amortization 18,324 17,215
Acquisition related costs 152 6
General and administrative 3,526 4,004
Total expenses 46,740 45,416
Operating income 16,871 17,243
Interest income 6 12
Interest expense (including net amortization of debt premiums and discounts and debt issuance costs of $471 and $332, respectively) (9,364) (9,302)
Gain on early extinguishment of debt 104  
Loss on issuance of shares by Select Income REIT   (40,771)
Income (loss) from continuing operations before income taxes and equity in earnings (losses) of investees 7,617 (32,818)
Income tax expense (15) (30)
Equity in earnings (losses) of investees 9,934 (316)
Income (loss) from continuing operations 17,536 (33,164)
Loss from discontinued operations (149) (206)
Net income (loss) 17,387 (33,370)
Other comprehensive income    
Unrealized gain on investment in available for sale securities 12,871  
Equity in unrealized gain of investees 4,544 58
Other comprehensive income 17,415 58
Comprehensive income (loss) $ 34,802 $ (33,312)
Weighted average common shares outstanding (basic and diluted) 71,031 70,266
Per common share amounts (basic and diluted):    
Income (loss) from continuing operations (in dollars per share) $ 0.25 $ (0.47)
Net income (loss) (in dollars per share) $ 0.24 $ (0.47)