XML 18 R4.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:                              
Rental revenue                         $ 460,653 $ 447,784 $ 400,825
Tenant expense reimbursement                         73,459 79,516 67,651
Observatory revenue                         124,814 112,172 111,541
Construction revenue                         0 1,981 38,648
Third-party management and other fees                         1,766 2,133 2,376
Other revenue and fees                         17,308 14,048 14,285
Total revenues $ 179,263 $ 175,848 $ 165,815 $ 157,074 $ 165,200 $ 175,779 $ 164,773 $ 151,882 $ 170,411 $ 169,441 $ 155,168 $ 140,306 678,000 657,634 635,326
Operating expenses:                              
Property operating expenses                         153,850 158,638 148,676
Ground rent expenses                         9,326 9,326 5,339
General and administrative expenses                         49,078 38,073 39,037
Observatory expenses                         29,833 32,174 31,413
Construction expenses                         0 3,222 38,596
Real estate taxes                         96,061 93,165 82,131
Acquisition expenses                         98 193 3,382
Depreciation and amortization                         155,211 171,474 145,431
Total operating expenses                         493,457 506,265 494,005
Total operating income (loss) 52,651 53,586 44,192 34,114 37,230 45,343 45,039 23,757 31,282 43,412 42,539 24,088 184,543 151,369 141,321
Interest expense                         (71,147) (67,492) (66,456)
Income before income taxes                         113,396 83,877 74,865
Income tax expense                         (6,146) (3,949) (4,655)
Net income $ 33,008 $ 32,897 $ 24,640 $ 16,705 $ 19,370 $ 26,085 $ 26,585 $ 7,888 $ 10,964 $ 22,734 $ 25,281 $ 11,231 107,250 79,928 70,210
Private perpetual preferred unit distributions                         (936) (936) (476)
Net income attributable to non-controlling interests                         (54,858) (45,262) (43,067)
Net income attributable to common stockholders                         $ 51,456 $ 33,730 $ 26,667
Total weighted average shares:                              
Basic (in shares)                         133,881 114,245 97,941
Diluted (in shares)                         277,568 266,621 254,506
Net income per share attributable to common stockholders:                              
Basic (USD per share)                         $ 0.38 $ 0.30 $ 0.27
Diluted (USD per share)                         $ 0.38 $ 0.29 $ 0.27