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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
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, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:                              
Rental revenue                         $ 493,231 $ 483,944 $ 460,653
Tenant expense reimbursement                         72,372 73,679 73,459
Observatory revenue                         131,227 127,118 124,814
Lease termination fees                         20,847 13,551 7,676
Third-party management and other fees                         1,440 1,400 1,766
Other revenue and fees                         12,394 9,834 8,985
Total revenues $ 199,309 $ 186,402 $ 178,529 $ 167,271 $ 182,297 $ 186,547 $ 176,349 $ 164,333 $ 178,807 $ 175,704 $ 165,785 $ 157,057 731,511 709,526 677,353
Operating expenses:                              
Property operating expenses                         167,379 163,531 153,850
Ground rent expenses                         9,326 9,326 9,326
General and administrative expenses                         52,674 50,315 49,078
Observatory expenses                         32,767 30,275 29,833
Real estate taxes                         110,000 102,466 96,061
Acquisition expenses                         0 0 98
Depreciation and amortization                         168,508 160,710 155,211
Total operating expenses                         540,654 516,623 493,457
Total operating income (loss) 58,490 48,538 49,665 34,164 50,191 56,008 50,659 36,045 52,195 53,442 44,162 34,097 190,857 192,903 183,896
Other income (expense):                              
Interest income                         10,661 2,942 647
Interest expense                         (79,623) (68,473) (70,595)
Loss on early extinguishment of debt                         0 (2,157) (552)
Loss from derivative financial instruments                         0 (289) 0
Income before income taxes                         121,895 124,926 113,396
Income tax expense                         (4,642) (6,673) (6,146)
Net income $ 39,781 $ 29,230 $ 30,184 $ 18,058 $ 32,260 $ 35,489 $ 31,359 $ 19,145 $ 33,008 $ 32,897 $ 24,640 $ 16,705 117,253 118,253 107,250
Private perpetual preferred unit distributions                         (936) (936) (936)
Net income attributable to non-controlling interests                         (50,714) (54,670) (54,858)
Net income attributable to common stockholders                         $ 65,603 $ 62,647 $ 51,456
Total weighted average shares:                              
Basic (in shares)                         167,571 158,380 133,881
Diluted (in shares)                         297,259 298,049 277,568
Earnings per share attributable to common stockholders:                              
Basic (USD per share)                         $ 0.39 $ 0.40 $ 0.38
Diluted (USD per share)                         $ 0.39 $ 0.39 $ 0.38