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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Rental revenue $ 141,071   $ 284,488  
Rental revenue   $ 124,038   $ 246,349
Tenant expense reimbursement 0 16,205 0 33,999
Observatory revenue 32,895 35,201 53,464 56,450
Lease termination fees 363 357 751 979
Third-party management and other fees 331 376 651 839
Other revenue and fees 1,584 2,352 4,183 7,184
Total revenues 176,244 178,529 343,537 345,800
Operating expenses:        
Property operating expenses 40,227 39,418 83,182 83,603
Ground rent expenses 2,332 2,332 4,663 4,663
General and administrative expenses 15,998 13,225 30,024 25,853
Observatory expenses 8,360 7,678 15,935 15,014
Real estate taxes 28,267 26,743 56,499 53,487
Depreciation and amortization 44,821 39,468 90,919 79,351
Total operating expenses 140,005 128,864 281,222 261,971
Total operating income 36,239 49,665 62,315 83,829
Other income (expense):        
Interest income 3,899 2,499 7,638 3,724
Interest expense (20,597) (20,525) (41,286) (38,116)
Income before income taxes 19,541 31,639 28,667 49,437
Income tax benefit (expense) (611) (1,455) 119 (1,195)
Net income 18,930 30,184 28,786 48,242
Private perpetual preferred unit distributions (234) (234) (468) (468)
Net income attributable to non-controlling interests (7,609) (13,299) (11,554) (21,355)
Net income attributable to common stockholders $ 11,087 $ 16,651 $ 16,764 $ 26,419
Total weighted average shares:        
Basic (in shares) 176,796 165,256 176,495 164,311
Diluted (in shares) 298,131 297,244 298,100 297,029
Earnings per share attributable to common stockholders:        
Basic (in USD per share) $ 0.06 $ 0.10 $ 0.09 $ 0.16
Diluted (in USD per share) 0.06 0.10 0.09 0.16
Dividends per share (in USD per share) $ 0.105 $ 0.105 $ 0.210 $ 0.210