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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Rental income $ 149,019 $ 146,470 $ 445,452 $ 435,630
Tenant reimbursement income 11,978 14,405 33,101 39,956
Fee and other income 10,321 6,851 37,986 16,294
Total revenues 171,318 167,726 516,539 491,880
EXPENSES:        
Operating 64,025 63,354 186,964 183,019
Depreciation and amortization 66,376 70,654 208,475 223,658
General and administrative 13,235 6,666 39,335 28,412
Acquisition and transaction related costs 282 485 1,725 9,832
Total expenses 143,918 141,159 436,499 444,921
Operating income 27,400 26,567 80,040 46,959
Income from real estate fund investments   10,933   30,226
Loss from unconsolidated real estate funds (1,254)   (2,540)  
Income from unconsolidated joint ventures 1,792 1,458 5,291 4,444
Interest and other income (loss), net 2,299 (1,763) 5,029 (397)
Interest and debt expense (38,278) (42,821) (113,406) (126,945)
Unrealized gain on interest rate swaps 12,728 15,772 29,661 49,497
Net income before income taxes 4,687 10,146 4,075 3,784
Income tax (expense) benefit (218) (789) 817 (2,706)
Net income 4,469 9,357 4,892 1,078
Less net (income) loss attributable to noncontrolling interests in:        
Consolidated real estate funds 67 (7,936) 819 (16,677)
Consolidated joint ventures (4,703) (33) (10,062) (964)
Operating Partnership 28 (272) 906 3,239
Net (loss) income attributable to common stockholders $ (139) $ 1,116 $ (3,445) $ (13,324)
(LOSS) INCOME PER COMMON SHARE - BASIC:        
(Loss) income per common share $ 0.00 $ 0.01 $ (0.02) $ (0.06)
Weighted average shares outstanding 219,394,245 212,106,718 216,317,746 212,106,718
(LOSS) INCOME PER COMMON SHARE - DILUTED:        
(Loss) income per common share $ 0.00 $ 0.01 $ (0.02) $ (0.06)
Weighted average shares outstanding 219,394,245 212,108,079 216,317,746 212,106,718
DIVIDENDS PER COMMON SHARE $ 0.095 $ 0.095 $ 0.285 $ 0.324 [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.