XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Rental revenues $ 76,461 $ 69,408 $ 235,740 $ 186,515
Expense recoveries 23,629 21,102 72,225 53,564
Interest income on real estate loans and other 4,938 2,489 9,275 6,185
Total revenues 105,028 92,999 317,240 246,264
Expenses:        
Interest expense 16,326 11,998 49,974 33,285
General and administrative 6,593 5,860 22,156 16,845
Operating expenses 29,870 27,471 90,670 70,079
Depreciation and amortization 42,723 32,975 119,024 89,031
Acquisition expenses 0 2,184 0 12,831
Total expenses 95,512 80,488 281,824 222,071
Income before equity in income of unconsolidated entities and gain on sale of investment properties, net: 9,516 12,511 35,416 24,193
Equity in income of unconsolidated entities 28 28 85 85
Gain on sale of investment properties, net 14,227 0 11,664 5,308
Net income 23,771 12,539 47,165 29,586
Net income attributable to noncontrolling interests:        
Operating Partnership (656) (362) (1,300) (823)
Partially owned properties [1] (119) (53) (374) (379)
Net income attributable to controlling interests 22,996 12,124 45,491 28,384
Preferred distributions (284) (106) (1,055) (505)
Net income attributable to common shareholders $ 22,712 $ 12,018 $ 44,436 $ 27,879
Net income per share:        
Basic (in dollars per share) $ 0.12 $ 0.07 $ 0.24 $ 0.18
Diluted (in dollars per share) $ 0.12 $ 0.07 $ 0.24 $ 0.18
Weighted average common shares:        
Weighted average common shares - basic (in shares) 182,076,513 177,847,424 181,963,693 157,542,167
Weighted average common shares - diluted (in shares) 187,473,230 183,298,145 187,622,109 162,480,918
Dividends and distributions declared per common share and OP Unit (in dollars per share) $ 0.23 $ 0.23 $ 0.69 $ 0.685
Operating Partnership        
Revenues:        
Rental revenues $ 76,461 $ 69,408 $ 235,740 $ 186,515
Expense recoveries 23,629 21,102 72,225 53,564
Interest income on real estate loans and other 4,938 2,489 9,275 6,185
Total revenues 105,028 92,999 317,240 246,264
Expenses:        
Interest expense 16,326 11,998 49,974 33,285
General and administrative 6,593 5,860 22,156 16,845
Operating expenses 29,870 27,471 90,670 70,079
Depreciation and amortization 42,723 32,975 119,024 89,031
Acquisition expenses 0 2,184 0 12,831
Total expenses 95,512 80,488 281,824 222,071
Income before equity in income of unconsolidated entities and gain on sale of investment properties, net: 9,516 12,511 35,416 24,193
Equity in income of unconsolidated entities 28 28 85 85
Gain on sale of investment properties, net 14,227 0 11,664 5,308
Net income 23,771 12,539 47,165 29,586
Net income attributable to noncontrolling interests:        
Partially owned properties [2] (119) (53) (374) (379)
Net income attributable to controlling interests 23,652 12,486 46,791 29,207
Preferred distributions (284) (106) (1,055) (505)
Net income attributable to common shareholders $ 23,368 $ 12,380 $ 45,736 $ 28,702
Net income per share:        
Earnings per unit - basic (in dollars per share) $ 0.12 $ 0.07 $ 0.24 $ 0.18
Earnings per unit - diluted (in dollars per share) $ 0.12 $ 0.07 $ 0.24 $ 0.18
Weighted average common shares:        
Weighted average limited partnership units outstanding, basic (in shares) 187,367,538 183,227,405 187,342,453 162,205,324
Weighted average common shares - diluted (in shares) 187,473,230 183,298,145 187,622,109 162,480,918
Distributions declared per common unit (dollars per share) $ 0.23 $ 0.23 $ 0.69 $ 0.685
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Includes amounts attributable to redeemable noncontrolling interests.