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Condensed Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental revenue $ 150,225   $ 434,713  
Rental revenue   $ 123,621   $ 369,970
Tenant expense reimbursement 0 18,627 0 52,626
Observatory revenue 37,575 40,241 91,039 96,691
Lease termination fees 2,361 1,185 3,112 2,164
Third-party management and other fees 304 312 955 1,151
Other revenue and fees 2,408 2,416 6,591 9,600
Total revenues 192,873 186,402 536,410 532,202
Operating expenses:        
Property operating expenses 47,894 42,772 131,076 126,375
Ground rent expenses 2,331 2,331 6,994 6,994
General and administrative expenses 14,421 13,148 44,445 39,001
Observatory expenses 9,089 8,854 25,024 23,868
Real estate taxes 29,599 28,284 86,098 81,771
Depreciation and amortization 44,260 42,475 135,179 121,826
Total operating expenses 147,594 137,864 428,816 399,835
Total operating income 45,279 48,538 107,594 132,367
Other income (expense):        
Interest income 2,269 3,485 9,907 7,209
Interest expense (19,426) (20,658) (60,712) (58,774)
Income before income taxes 28,122 31,365 56,789 80,802
Income tax expense (1,338) (2,135) (1,219) (3,330)
Net income 26,784 29,230 55,570 77,472
Private perpetual preferred unit distributions (234) (234) (702) (702)
Net income attributable to non-controlling interests (10,668) (12,654) (22,222) (34,009)
Net income attributable to common stockholders $ 15,882 $ 16,342 $ 32,646 $ 42,761
Total weighted average shares:        
Basic (in shares) 178,352 167,657 177,428 165,613
Diluted (in shares) 298,151 297,478 298,117 297,181
Earnings per share attributable to common stockholders:        
Basic (in USD per share) $ 0.09 $ 0.10 $ 0.18 $ 0.26
Diluted (in USD per share) 0.09 0.10 0.18 0.26
Dividends per share (in USD per share) $ 0.105 $ 0.105 $ 0.315 $ 0.315