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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Rental revenues $ 78,820   $ 224,206  
Rental revenues   $ 76,461   $ 235,740
Expense recoveries 26,295   76,508  
Expense recoveries   23,629   72,225
Interest income on real estate loans and other 2,478 4,938 7,150 9,275
Total revenues 107,593 105,028 307,864 317,240
Expenses:        
Interest expense 16,185 16,326 48,507 49,974
General and administrative 8,110 6,593 24,758 22,156
Operating expenses 31,504 29,870 94,348 90,670
Depreciation and amortization 36,614 42,723 109,348 119,024
Total expenses 92,413 95,512 276,961 281,824
Income before equity in income of unconsolidated entities and gain on sale of investment properties, net: 15,180 9,516 30,903 35,416
Equity in income of unconsolidated entities 30 28 90 85
Gain on sale of investment properties, net 409 14,227 3,442 11,664
Net income 15,619 23,771 34,435 47,165
Net income attributable to noncontrolling interests:        
Operating Partnership (434) (656) (939) (1,300)
Net income attributable to noncontrolling interests - partially owned properties [1] (136) (119) (410) (374)
Net income attributable to controlling interest 15,049 22,996 33,086 45,491
Preferred distributions (314) (284) (892) (1,055)
Net income attributable to common shareholders $ 14,735 $ 22,712 $ 32,194 $ 44,436
Net income per share:        
Basic (in dollars per share) $ 0.08 $ 0.12 $ 0.17 $ 0.24
Diluted (in dollars per share) $ 0.08 $ 0.12 $ 0.17 $ 0.24
Weighted average common shares:        
Weighted average common shares - basic (in shares) 186,328,500 182,076,513 184,760,335 181,963,693
Weighted average common shares - diluted (in shares) 191,980,222 187,473,230 190,489,654 187,622,109
Dividends and distributions declared per common share and OP Unit (in dollars per share) $ 0.23 $ 0.23 $ 0.69 $ 0.69
Operating Partnership        
Revenues:        
Rental revenues $ 78,820   $ 224,206  
Rental revenues   $ 76,461   $ 235,740
Expense recoveries 26,295   76,508  
Expense recoveries   23,629   72,225
Interest income on real estate loans and other 2,478 4,938 7,150 9,275
Total revenues 107,593 105,028 307,864 317,240
Expenses:        
Interest expense 16,185 16,326 48,507 49,974
General and administrative 8,110 6,593 24,758 22,156
Operating expenses 31,504 29,870 94,348 90,670
Depreciation and amortization 36,614 42,723 109,348 119,024
Total expenses 92,413 95,512 276,961 281,824
Income before equity in income of unconsolidated entities and gain on sale of investment properties, net: 15,180 9,516 30,903 35,416
Equity in income of unconsolidated entities 30 28 90 85
Gain on sale of investment properties, net 409 14,227 3,442 11,664
Net income 15,619 23,771 34,435 47,165
Net income attributable to noncontrolling interests:        
Net income attributable to noncontrolling interests - partially owned properties [2] (136) (119) (410) (374)
Net income attributable to controlling interest 15,483 23,652 34,025 46,791
Preferred distributions (314) (284) (892) (1,055)
Net income attributable to common shareholders $ 15,169 $ 23,368 $ 33,133 $ 45,736
Net income per share:        
Earnings per unit - basic (in dollars per share) $ 0.08 $ 0.12 $ 0.17 $ 0.24
Earnings per unit - diluted (in dollars per share) $ 0.08 $ 0.12 $ 0.17 $ 0.24
Weighted average common shares:        
Weighted average common units - basic (in shares) 191,864,611 187,367,538 190,159,069 187,342,453
Weighted average common units - diluted (in shares) 191,980,222 187,473,230 190,489,654 187,622,109
Distributions declared per common unit (dollars per share) $ 0.23 $ 0.23 $ 0.69 $ 0.69
[1]
Includes amounts attributable to redeemable noncontrolling interests.

[2] Includes amounts attributable to redeemable noncontrolling interests.