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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2014
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
REVENUES:                      
Rental income $ 57,465                 $ 590,161 $ 586,530
Tenant reimbursement income 5,865                 44,943 50,885
Fee and other income 2,805                 48,237 24,993
Total revenues 66,135 $ 166,802 $ 171,318 $ 172,303 $ 172,918 $ 170,528 $ 167,726 $ 162,928 $ 161,226 683,341 662,408
EXPENSES:                      
Operating 26,011                 250,040 244,754
Depreciation and amortization 34,481                 269,450 294,624
General and administrative 2,207                 53,510 42,056
Transaction related costs                   2,404 10,355
Total expenses 62,699                 575,404 591,789
Operating income 3,436                 107,937 70,619
Income from real estate fund investments 1,412                   37,975
Loss from unconsolidated real estate funds                   (498)  
Income from unconsolidated joint ventures 938                 7,413 6,850
Interest and other income (loss), net (179)                 6,934 871
Interest and debt expense (43,743)                 (157,746) (168,366)
Unrealized gain (loss) on interest rate swaps 15,084                 39,814 75,760
Formation related costs (143,437)                    
Gain on consolidation of an unconsolidated joint venture 239,716                    
Net income before income taxes 73,227                 3,854 23,709
Income tax expense (505)                 (1,785) (2,566)
Net income 72,722                 2,069 21,143
Less net (income) loss attributable to noncontrolling interests:                      
Consolidated real estate funds (135)                 1,316 (21,173)
Consolidated joint ventures (1,353)                 (15,423) (5,459)
Operating Partnership (13,926)                 2,104 1,070
Net (loss) income attributable to common stockholders $ 57,308 $ (6,489) $ (139) $ 3,188 $ (6,494) $ 8,905 $ 1,116 $ (4,709) $ (9,731) $ (9,934) $ (4,419)
(LOSS) INCOME PER COMMON SHARE - BASIC:                      
(Loss) income per common share $ 0.27 $ (0.03) $ 0.00 $ 0.01 $ (0.03) $ 0.04 $ 0.01 $ (0.02) $ (0.05) $ (0.05) $ (0.02)
Weighted average shares outstanding 212,106,718                 218,053,062 212,106,718
(LOSS) INCOME PER COMMON SHARE - DILUTED:                      
(Loss) income per common share $ 0.27 $ (0.03) $ 0.00 $ 0.01 $ (0.03) $ 0.04 $ 0.01 $ (0.02) $ (0.05) $ (0.05) $ (0.02)
Weighted average shares outstanding 212,107,908                 218,053,062 212,106,718
DIVIDENDS PER COMMON SHARE                   $ 0.380 $ 0.419 [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.