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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Rental revenues $ 28,699 $ 27,232
General contracting and real estate services revenues 23,050 63,519
Total revenues 51,749 90,751
Expenses    
Rental expenses 6,424 6,068
Real estate taxes 2,813 2,509
General contracting and real estate services expenses 22,414 61,196
Depreciation and amortization 9,278 9,475
General and administrative expenses 2,961 2,986
Acquisition, development and other pursuit costs 84 47
Impairment charges 0 4
Total expenses 43,974 82,285
Operating income 7,775 8,466
Interest income 2,232 1,398
Interest expense (4,373) (4,535)
Gain on real estate dispositions 0 3,395
Change in fair value of interest rate derivatives 969 294
Other income 114 37
Income before taxes 6,717 9,055
Income tax benefit (provision) 266 (302)
Net income 6,983 8,753
Net income attributable to noncontrolling interests (1,943) (2,817)
Net income attributable to stockholders $ 5,040 $ 5,936
Net income attributable to stockholders per share (basic and diluted) (in dollars per share) $ 0.11 $ 0.16
Weighted-average common shares outstanding (basic and diluted) (in shares) 45,132 37,622
Dividends and distributions declared per common share and unit (in dollars per share) $ 0.2 $ 0.19