XML 20 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
1 Months Ended 12 Months Ended
Dec. 31, 2014
Dec. 31, 2015
REVENUES:    
Rental income $ 57,465 $ 586,530
Tenant reimbursement income 5,865 50,885
Fee and other income 2,805 24,993
Total revenues 66,135 662,408
EXPENSES:    
Operating 26,011 244,754
Depreciation and amortization 34,481 294,624
General and administrative 2,207 42,056
Acquisition and transaction related costs   10,355
Total expenses 62,699 591,789
Operating income (loss) 3,436 70,619
Income from real estate fund investments 1,412 37,975
Income from unconsolidated joint ventures 938 6,850
Unrealized gain on interest rate swaps 15,084 75,760
Interest and other income (loss), net (179) 871
Interest and debt expense (43,743) (168,366)
Formation related costs (143,437)  
Gain on consolidation of an unconsolidated joint venture 239,716  
Net income before income taxes 73,227 23,709
Income tax expense (505) (2,566)
Net income 72,722 21,143
Less net (income) loss attributable to noncontrolling interests:    
Consolidated joint ventures and funds (1,488) (26,632)
Operating Partnership (13,926) 1,070
Net (loss) income attributable to common stockholders $ 57,308 $ (4,419)
(LOSS) INCOME PER COMMON SHARE - BASIC:    
(Loss) Income per common share $ 0.27 $ (0.02)
Weighted average shares outstanding 212,106,718 212,106,718
(LOSS) INCOME PER COMMON SHARE - DILUTED:    
(Loss) Income per common share $ 0.27 $ (0.02)
Weighted average shares outstanding 212,107,908 212,106,718
DIVIDENDS PER COMMON SHARE [1]   $ 0.419
[1] Includes the $0.039 cash dividend for the 38 day period following the completion of our initial public offering and related formation transactions and ended on December 31, 2014.