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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Rental revenues $ 30,909 $ 28,699
Total revenues 47,945 51,749
Expenses    
Rental expenses 6,725 6,424
Real estate taxes 3,128 2,813
Depreciation and amortization 9,904 9,278
General and administrative expenses 3,401 2,961
Acquisition, development and other pursuit costs 400 84
Total expenses 39,844 43,974
Operating income 8,101 7,775
Interest income 5,319 2,232
Interest expense (5,886) (4,373)
Equity in income of unconsolidated real estate entities 273 0
Change in fair value of interest rate derivatives (1,463) 969
Other income 60 114
Income before taxes 6,404 6,717
Income tax benefit 110 266
Net income 6,514 6,983
Net income attributable to noncontrolling interests (1,630) (1,943)
Net income attributable to stockholders $ 4,884 $ 5,040
Net income attributable to stockholders per share (basic and diluted) (in dollars per share) $ 0.10 $ 0.11
Weighted-average common shares outstanding (basic and diluted) (in shares) 50,926 45,132
Comprehensive income:    
Net income $ 6,514 $ 6,983
Unrealized cash flow hedge losses (1,003) 0
Realized cash flow hedge losses reclassified to net income 72 0
Comprehensive income 5,583 6,983
Comprehensive income attributable to noncontrolling interests (1,397) (1,943)
Comprehensive income attributable to stockholders 4,186 5,040
General contracting and real estate services    
Revenues    
General contracting and real estate services revenues 17,036 23,050
Expenses    
General contracting and real estate services expenses $ 16,286 $ 22,414