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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Rental revenues $ 27,232 $ 23,283
General contracting and real estate services revenues 63,519 36,803
Total revenues 90,751 60,086
Expenses    
Rental expenses 6,068 5,329
Real estate taxes 2,509 2,349
General contracting and real estate services expenses 61,196 35,037
Depreciation and amortization 9,475 8,149
General and administrative expenses 2,986 2,484
Acquisition, development and other pursuit costs 47 704
Impairment charges 4 35
Total expenses 82,285 54,087
Operating income 8,466 5,999
Interest income 1,398 182
Interest expense (4,535) (3,791)
Gain on real estate dispositions 3,395 26,674
Change in fair value of interest rate derivatives 294 (2,389)
Other income 37 76
Income before taxes 9,055 26,751
Income tax provision (302) (218)
Net income 8,753 26,533
Net income attributable to noncontrolling interests (2,817) (9,163)
Net income attributable to stockholders $ 5,936 $ 17,370
Basic and diluted (in dollars per share) $ 0.16 $ 0.57
Common shares (in shares) 37,622 30,191
Dividends and distributions declared per common share and unit (in dollars per share) $ 0.19 $ 0.18