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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Rental revenues $ 23,283 $ 18,190
General contracting and real estate services revenues 36,803 29,071
Total revenues 60,086 47,261
Expenses    
Rental expenses 5,329 4,760
Real estate taxes 2,349 1,657
General contracting and real estate services expenses 35,037 28,142
Depreciation and amortization 8,149 4,908
General and administrative expenses 2,484 2,328
Acquisition, development and other pursuit costs 704 171
Impairment charges 35  
Total expenses 54,087 41,966
Operating income 5,999 5,295
Interest Income 182  
Interest expense (3,791) (3,046)
Loss on extinguishment of debt   (227)
Gain on real estate dispositions and acquisitions 26,674 6,197
Change in fair value of interest rate derivatives (2,389) (147)
Other income 76 15
Income before taxes 26,751 8,087
Income tax (provision) benefit (218) 31
Net income 26,533 8,118
Net income attributable to noncontrolling interests (9,163) (3,013)
Net income attributable to stockholders $ 17,370 $ 5,105
Net income per share and unit:    
Basic and diluted $ 0.57 $ 0.20
Weighted-average outstanding:    
Common shares 30,191 25,042
Common units 16,027 14,776
Basic and diluted 46,218 39,818
Dividends and distributions declared per common share and unit $ 0.18 $ 0.17
Comprehensive Income:    
Net income $ 26,533 $ 8,118
Unrealized cash flow hedge losses   (786)
Comprehensive income 26,533 7,332
Comprehensive income attributable to noncontrolling interests (9,163) (2,722)
Comprehensive income attributable to stockholders $ 17,370 $ 4,610