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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Rental revenues $ 19,908 $ 15,319 $ 38,098 $ 30,512
General contracting and real estate services revenues 47,066 20,495 76,137 39,729
Total revenues 66,974 35,814 114,235 70,241
Expenses        
Rental expenses 4,631 3,840 9,391 7,816
Real estate taxes 1,959 1,408 3,616 2,751
General contracting and real estate services expenses 45,283 19,354 73,425 37,339
Depreciation and amortization 5,766 4,057 10,674 8,026
General and administrative expenses 2,096 1,981 4,424 4,027
Acquisition, development and other pursuit costs 591   762  
Impairment charges 23   23  
Total expenses 60,349 30,640 102,315 59,959
Operating income 6,625 5,174 11,920 10,282
Interest expense (3,358) (2,678) (6,404) (5,243)
Loss on extinguishment of debt (180)   (407)  
Gain on real estate dispositions 7,210   13,407  
Other income (loss) (16) (194) (148) (82)
Income before taxes 10,281 2,302 18,368 4,957
Income tax benefit (provision) 4 (29) 35 (178)
Net income 10,285 2,273 18,403 4,779
Net income attributable to noncontrolling interests (3,764) (948) (6,777) (1,989)
Net income attributable to stockholders $ 6,521 $ 1,325 $ 11,626 $ 2,790
Net income per share and unit:        
Basic and diluted $ 0.25 $ 0.07 $ 0.46 $ 0.15
Weighted average outstanding:        
Common shares 25,587 19,250 25,316 19,222
Operating partnership units 14,769 13,785 14,772 13,709
Basic and diluted 40,356 33,035 40,088 32,931
Dividends declared per common share and unit $ 0.17 $ 0.16 $ 0.34 $ 0.32
Comprehensive income:        
Net income $ 10,285 $ 2,273 $ 18,403 $ 4,779
Unrealized gain (loss) on cash flow hedge 238   (548)  
Comprehensive income 10,523 2,273 17,855 4,779
Comprehensive income attributable to noncontrolling interests (3,851) (948) (6,573) (1,989)
Comprehensive income attributable to stockholders $ 6,672 $ 1,325 $ 11,282 $ 2,790