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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Rental revenues $ 116,958 $ 108,737 $ 99,355
Total revenues 193,317 302,771 258,385
Expenses      
Rental expenses 27,222 25,422 21,904
Real estate taxes 11,383 10,528 9,629
Depreciation and amortization 39,913 37,321 35,328
General and administrative expenses 11,431 10,435 9,552
Acquisition, development and other pursuit costs 352 648 1,563
Impairment charges 1,619 110 355
Total expenses 165,548 271,054 231,706
Gain on real estate dispositions 4,254 8,087 30,533
Operating income 32,023 39,804 57,212
Interest income 10,729 7,077 3,228
Interest expense (19,087) (17,439) (16,466)
Equity in income of unconsolidated real estate entities 372 0 0
Loss on extinguishment of debt (11) (50) (82)
Change in fair value of interest rate derivatives (951) 1,127 (941)
Other income 388 131 147
Income before taxes 23,463 30,650 43,098
Income tax benefit (provision) 29 (725) (343)
Net income 23,492 29,925 42,755
Net income attributable to noncontrolling interests (6,289) (8,878) (14,681)
Net income attributable to stockholders $ 17,203 $ 21,047 $ 28,074
Net income per share and unit:      
Basic and diluted (in dollars per share) $ 0.36 $ 0.50 $ 0.85
Weighted-average outstanding:      
Common shares (in shares) 47,512 42,423 33,057
Common units (in shares) 17,242 17,758 17,167
Basic and diluted (in shares) 64,754 60,181 50,224
Comprehensive income:      
Net income $ 23,492 $ 29,925 $ 42,755
Unrealized cash flow hedge losses (1,894) 0 0
Realized cash flow hedge losses reclassified to net income 169 0 0
Comprehensive income 21,767 29,925 42,755
Comprehensive income attributable to noncontrolling interests (5,847) (8,878) (14,681)
Comprehensive income attributable to stockholders 15,920 21,047 28,074
General contracting and real estate services revenues      
Revenues      
General contracting and real estate services revenues 76,359 194,034 159,030
Expenses      
General contracting and real estate services expenses $ 73,628 $ 186,590 $ 153,375