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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Rental revenue $ 122,391 $ 115,634 $ 360,348 $ 343,155
Tenant expense reimbursement 20,346 19,176 53,889 56,350
Observatory revenue 39,306 38,093 94,212 91,112
Third-party management and other fees 345 404 1,088 1,372
Other revenue and fees 4,932 2,541 19,861 6,748
Total revenues 187,320 175,848 529,398 498,737
Operating expenses:        
Property operating expenses 41,270 38,585 122,009 115,075
Ground rent expenses 2,331 2,331 6,994 6,994
General and administrative expenses 12,899 11,798 36,566 35,623
Observatory expenses 8,648 7,250 23,079 21,900
Real estate taxes 26,901 24,691 76,001 71,773
Acquisition expenses 0 0 0 98
Depreciation and amortization 38,490 37,607 119,868 115,382
Total operating expenses 130,539 122,262 384,517 366,845
Total operating income 56,781 53,586 144,881 131,892
Other expenses:        
Interest expense (16,890) (17,939) (52,109) (52,758)
Loss on early extinguishment of debt (2,157) 0 (2,157) (552)
Loss from derivative financial instruments 0 0 (289) 0
Income before income taxes 37,734 35,647 90,326 78,582
Income tax expense (2,245) (2,750) (4,333) (4,340)
Net income 35,489 32,897 85,993 74,242
Private perpetual preferred unit distributions (234) (234) (702) (702)
Net income attributable to non-controlling interests (16,449) (16,690) (39,916) (39,050)
Net income attributable to common stockholders $ 18,806 $ 15,973 $ 45,375 $ 34,490
Total weighted average shares:        
Basic (in shares) 158,102 136,831 157,796 126,740
Diluted (in shares) 297,871 280,614 298,089 271,028
Earnings per share attributable to common stockholders:        
Basic (in USD per share) $ 0.12 $ 0.12 $ 0.29 $ 0.27
Diluted (in USD per share) 0.12 0.12 0.29 0.27
Dividends per share (in USD per share) $ 0.105 $ 0.105 $ 0.315 $ 0.295