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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Rental revenue $ 115,634 $ 110,903 $ 343,155 $ 333,827
Tenant expense reimbursement 19,176 23,096 56,350 59,878
Observatory revenue 38,093 35,702 91,112 84,525
Construction revenue 0 0 0 1,981
Third-party management and other fees 404 618 1,372 1,658
Other revenue and fees 2,541 5,460 6,748 10,565
Total revenues 175,848 175,779 498,737 492,434
Operating expenses:        
Property operating expenses 38,585 41,052 115,075 120,341
Ground rent expenses 2,331 2,331 6,994 6,994
General and administrative expenses 11,798 10,182 35,623 28,395
Observatory expenses 7,250 7,896 21,900 23,391
Construction expenses 0 0 0 3,222
Real estate taxes 24,691 23,613 71,773 69,543
Acquisition expenses 0 193 98 193
Depreciation and amortization 37,607 45,169 115,382 126,216
Total operating expenses 122,262 130,436 366,845 378,295
Total operating income (loss) 53,586 45,343 131,892 114,139
Interest expense (17,939) (16,680) (53,310) (50,298)
Income (loss) before income taxes 35,647 28,663 78,582 63,841
Income tax expense (2,750) (2,578) (4,340) (3,283)
Net income (loss) 32,897 26,085 74,242 60,558
Private perpetual preferred unit distributions (234) (234) (702) (702)
Net income attributable to non-controlling interests (16,690) (14,631) (39,050) (34,378)
Net income attributable to common stockholders $ 15,973 $ 11,220 $ 34,490 $ 25,478
Total weighted average shares:        
Basic (in shares) 136,831 115,900 126,740 112,741
Diluted (in shares) 280,614 265,873 271,028 265,868
Earnings per share attributable to common stockholders:        
Basic (in USD per share) $ 0.12 $ 0.10 $ 0.27 $ 0.23
Diluted (in USD per share) 0.12 0.10 0.27 0.22
Dividends per share (in USD per share) $ 0.105 $ 0.085 $ 0.295 $ 0.255