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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)        
Rental income $ 64,061 $ 62,113 $ 127,672 $ 124,772
Expenses:        
Real estate taxes 7,566 7,674 15,219 15,084
Utility expenses 3,673 4,001 7,847 8,572
Other operating expenses 13,266 12,190 26,177 24,400
Depreciation and amortization 17,985 17,299 36,309 34,514
Acquisition related costs 64 183 216 189
General and administrative 4,008 3,713 7,534 7,717
Total expenses 46,562 45,060 93,302 90,476
Operating income 17,499 17,053 34,370 34,296
Dividend income 363   363  
Interest income 10   16 12
Interest expense (including net amortization of debt premiums and discounts and debt issuance costs of $747, $328, $1,219 and $660, respectively) (10,314) (9,455) (19,678) (18,757)
Gain on early extinguishment of debt     104  
Gain (loss) on issuance of shares by Select Income REIT 16 (1,353) 16 (42,124)
Loss on impairment of Select Income REIT investment   (203,297)   (203,297)
Income (loss) from continuing operations before income taxes and equity in earnings (losses) of investees 7,574 (197,052) 15,191 (229,870)
Income tax expense (35) (32) (50) (62)
Equity in earnings of investees 9,400 6,094 19,334 5,778
Income (loss) from continuing operations 16,939 (190,990) 34,475 (224,154)
Loss from discontinued operations (126) (173) (275) (379)
Net income (loss) 16,813 (191,163) 34,200 (224,533)
Other comprehensive income        
Unrealized gain on investment in available for sale securities 7,237   20,108  
Equity in unrealized gain of investees 2,606 131 7,150 189
Other comprehensive income 9,843 131 27,258 189
Comprehensive income (loss) $ 26,656 $ (191,032) $ 61,458 $ (224,344)
Weighted average common shares outstanding (basic) (in shares) 71,038 70,485 71,034 70,377
Weighted average common shares outstanding (diluted) (in shares) 71,061 70,485 71,046 70,377
Per common share amounts (basic and diluted):        
Income (loss) from continuing operations (in dollars per share) $ 0.24 $ (2.71) $ 0.49 $ (3.19)
Loss from discontinued operations       (0.01)
Net income (loss) (in dollars per share) $ 0.24 $ (2.71) $ 0.48 $ (3.19)