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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
REVENUES:        
Rental income $ 155,181 $ 145,917 $ 296,433 $ 289,160
Tenant reimbursement income 10,334 12,063 21,123 25,551
Fee and other income 6,788 4,948 27,665 9,443
Total revenues 172,303 162,928 345,221 324,154
EXPENSES:        
Operating 59,994 57,781 122,939 119,665
Depreciation and amortization 67,287 79,421 142,099 153,004
General and administrative 12,139 9,133 26,100 21,746
Acquisition and transaction related costs 508 8,208 1,443 9,347
Total expenses 139,928 154,543 292,581 303,762
Operating income 32,375 8,385 52,640 20,392
Income from real estate fund investments   14,072   19,293
Loss from unconsolidated real estate funds (960)   (1,286)  
Income from unconsolidated joint ventures 2,003 2,011 3,499 2,986
Interest and other income, net 1,030 512 2,730 1,366
Interest and debt expense (38,009) (42,236) (75,128) (84,124)
Unrealized gain on interest rate swaps 10,073 21,747 16,933 33,725
Net income (loss) before income taxes 6,512 4,491 (612) (6,362)
Income tax benefit (expense) 1,398 (1,343) 1,035 (1,917)
Net income (loss) 7,910 3,148 423 (8,279)
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated real estate funds 78 (6,532) 752 (8,741)
Consolidated joint ventures (4,107) (2,472) (5,359) (931)
Operating Partnership (693) 1,147 878 3,511
Net income (loss) attributable to common stockholders $ 3,188 $ (4,709) $ (3,306) $ (14,440)
INCOME (LOSS) PER COMMON SHARE - BASIC:        
Income (loss) per common share $ 0.01 $ (0.02) $ (0.02) $ (0.07)
Weighted average shares outstanding 217,121,592 212,106,718 214,762,593 212,106,718
INCOME (LOSS) PER COMMON SHARE - DILUTED:        
Income (loss) per common share $ 0.01 $ (0.02) $ (0.02) $ (0.07)
Weighted average shares outstanding 217,137,557 212,106,718 214,762,593 212,106,718
DIVIDENDS PER COMMON SHARE $ 0.095 $ 0.095 $ 0.190 $ 0.229 [1]
[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 ending on December 31, 2014.