XML 37 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Rental revenues $ 77,083 $ 78,887
Expense recoveries 26,042 24,308
Interest income on real estate loans and other 2,243 2,028
Total revenues 105,368 105,223
Expenses:    
Interest expense 16,269 16,494
General and administrative 8,972 8,459
Operating expenses 32,208 30,459
Depreciation and amortization 36,449 38,576
Total expenses 93,898 93,988
Income before equity in income of unconsolidated entities and gain on sale of investment properties, net: 11,470 11,235
Equity in income of unconsolidated entities 30 28
Gain on sale of investment properties, net 0 69
Net income 11,500 11,332
Net income attributable to noncontrolling interests:    
Operating Partnership (305) (313)
Partially owned properties [1] (138) (111)
Net income attributable to controlling interest 11,057 10,908
Preferred distributions (284) (487)
Net income attributable to common shareholders $ 10,773 $ 10,421
Net income per share:    
Basic (in dollars per share) $ 0.06 $ 0.06
Diluted (in dollars per share) $ 0.06 $ 0.06
Weighted average common shares:    
Weighted average common shares - basic (in shares) 182,672,863 181,809,570
Weighted average common shares - diluted (in shares) 188,497,308 187,317,243
Dividends and distributions declared per common share and OP Unit (in dollars per share) $ 0.23 $ 0.23
Operating Partnership    
Revenues:    
Rental revenues $ 77,083 $ 78,887
Expense recoveries 26,042 24,308
Interest income on real estate loans and other 2,243 2,028
Total revenues 105,368 105,223
Expenses:    
Interest expense 16,269 16,494
General and administrative 8,972 8,459
Operating expenses 32,208 30,459
Depreciation and amortization 36,449 38,576
Total expenses 93,898 93,988
Income before equity in income of unconsolidated entities and gain on sale of investment properties, net: 11,470 11,235
Equity in income of unconsolidated entities 30 28
Gain on sale of investment properties, net 0 69
Net income 11,500 11,332
Net income attributable to noncontrolling interests:    
Partially owned properties [2] (138) (111)
Net income attributable to controlling interest 11,362 11,221
Preferred distributions (284) (487)
Net income attributable to common shareholders $ 11,078 $ 10,734
Net income per share:    
Earnings per unit - basic (in dollars per share) $ 0.06 $ 0.06
Earnings per unit - diluted (in dollars per share) $ 0.06 $ 0.06
Weighted average common shares:    
Weighted average common units - basic (in shares) 187,850,775 187,264,064
Weighted average common units - diluted (in shares) 188,497,308 187,317,243
Distributions declared per common unit (dollars per share) $ 0.23 $ 0.23
[1] Includes amounts attributable to redeemable noncontrolling interests.
[2] Includes amounts attributable to redeemable noncontrolling interests.