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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue:      
Rental income $ 387,108 $ 336,359 $ 346,490
Expenses:      
Property operating expense 55,301 49,509 50,918
Property tax expense 37,035 44,662 44,980
Property management fees to non-affiliates 3,528 0 0
Asset management fees to affiliates 0 23,668 23,499
Property management fees to affiliates 0 9,479 9,782
Self administration transaction expense 0 1,331 0
General and administrative expenses 26,078 6,968 7,322
Corporate operating expenses to affiliates 2,745 3,594 2,652
Impairment provision 30,734 0 8,460
Depreciation and amortization 153,425 119,168 116,583
Total expenses 308,846 258,379 264,196
Income before other income and (expenses) 78,262 77,980 82,294
Other income (expenses):      
Interest expense (73,557) (55,194) (51,015)
Management fee revenue from affiliates 6,368 0 0
Other income, net 1,340 275 537
Loss from investment in unconsolidated entities (5,307) (2,254) (2,065)
Gain from disposition of assets 29,938 1,231 116,382
Net income 37,044 22,038 146,133
Distributions to redeemable preferred shareholders (8,188) (3,275) 0
Net income attributable to noncontrolling interests (3,749) (789) (5,120)
Net income attributable to controlling interest 25,107 17,974 141,013
Distributions to redeemable noncontrolling interests attributable to common stockholders (320) (356) (356)
Net income attributable to common stockholders $ 24,787 $ 17,618 $ 140,657
Net income attributable to common stockholders per share, basic and diluted (in usd per share) $ 0.11 $ 0.10 $ 0.80
Weighted average number of common shares outstanding, basic and diluted (shares) 222,116,812 169,492,659 175,611,890