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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
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, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues:                              
Rental revenue                         $ 483,944 $ 460,653 $ 447,784
Tenant expense reimbursement                         73,679 73,459 79,516
Observatory revenue                         127,118 124,814 112,172
Construction revenue                         0 0 1,981
Third-party management and other fees                         1,400 1,766 2,133
Other revenue and fees                         26,327 17,308 14,048
Total revenues $ 183,070 $ 187,320 $ 177,124 $ 164,954 $ 179,263 $ 175,848 $ 165,815 $ 157,074 $ 165,200 $ 175,779 $ 164,773 $ 151,882 712,468 678,000 657,634
Operating expenses:                              
Property operating expenses                         163,531 153,850 158,638
Ground rent expenses                         9,326 9,326 9,326
General and administrative expenses                         50,315 49,078 38,073
Observatory expenses                         30,275 29,833 32,174
Construction expenses                         0 0 3,222
Real estate taxes                         102,466 96,061 93,165
Acquisition expenses                         0 98 193
Depreciation and amortization                         160,710 155,211 171,474
Total operating expenses                         516,623 493,457 506,265
Total operating income (loss) 50,964 56,781 51,434 36,666 52,651 53,586 44,192 34,114 37,230 45,343 45,039 23,757 195,845 184,543 151,369
Interest expense                         (68,473) (70,595) (65,743)
Loss on early extinguishment of debt                         (2,157) (552) (1,749)
Loss from derivative financial instruments                         (289) 0 0
Income before income taxes                         124,926 113,396 83,877
Income tax expense                         (6,673) (6,146) (3,949)
Net income $ 32,260 $ 35,489 $ 31,359 $ 19,145 $ 33,008 $ 32,897 $ 24,640 $ 16,705 $ 19,370 $ 26,085 $ 26,585 $ 7,888 118,253 107,250 79,928
Private perpetual preferred unit distributions                         (936) (936) (936)
Net income attributable to non-controlling interests                         (54,670) (54,858) (45,262)
Net income attributable to common stockholders                         $ 62,647 $ 51,456 $ 33,730
Total weighted average shares:                              
Basic (in shares)                         158,380 133,881 114,245
Diluted (in shares)                         298,049 277,568 266,621
Net income per share attributable to common stockholders:                              
Basic (USD per share)                         $ 0.40 $ 0.38 $ 0.30
Diluted (USD per share)                         $ 0.39 $ 0.38 $ 0.29